Thermal processing equipment specialist Despatch Industries has been acquired by Illinois Tool Works for an undisclosed amount. ITW does not have any direct previous involvement in the PV industry. Despatch had posted record revenue in 2010 of US$200 million and is expected to produce revenue above US$200 million this year. ITW's revenues exceeded US$15 billion in 2010.
Solar cell manufacturer Blue Chip Energy has filed for insolvency. The company informed a court in Eisenstadt about its financial state on Thursday and production was abandoned with immediate effect.
Citing the “deterioration in the overall industry climate as well as delays in the recognition of sales and earnings for projects currently under way,” Roth & Rau has cut expectations for the second half of 2011 and withdrawn its forecast guidance for the year. “Given the reduction in demand for solar modules,” the company stated, “some customers have reviewed their investment projects intended to expand their production capacities and postponed the agreed delivery dates.”
AccuStrata has signed a contract to sell its monitoring and automation systems to one of India’s largest crystalline silicon solar cell manufacturers. The platform will help to increase the yields of the unnamed firm and represents AccuStrata’s largest deal to date in Asia.
OAI's Solar Test Division is featuring the capabilities of a recently introduced 350nm to 1800nm Class AAA solar simulator at Interoslar North America, being held in San Francisco, this week. The solar simulator is said to be ideal for multi-junction solar cell testing, high current I-V testing, and as a solar power meter.
As one of a growing number of China-based Tier 1 PV manufacturers pushing-hard towards solar cell efficiencies of 20%, Canadian Solar is showcasing its ELPS solar cell technology (Efficient, Long-Term, Photovoltaic Solution), that has demonstrated cell efficiencies of 19.5% with monocrystalline wafers and 18% efficiencies with polycrystalline wafers.
At the solar industry’s largest event, Intersolar Europe, 2011 SunPower launched its new 96-cell E20 modules, which are the industry's first commercially-available solar panels to achieve total area efficiencies of 20% and above. Jorn Jugens, SunPower’s managing director, Germany had the honour of discussing with PV-Tech the key characteristics of the module, which includes SunPower's 22.4% efficient ‘Maxeon’ cell technology.
MEMC is filling-in a missing link in its polysilicon to solar projects manufacturing portfolio with the establishment of monocrystalline cell production through a joint venture with equipment supplier Jusung Engineering. At a cost of US$32 million, shared equally between the new partners, an initial 100MW of capacity is expected to begin production in the first half of 2012. The deal was signed by MEMC Singapore, though it was unclear whether the location of the cell plant would be in Singpaore or Korea, where Junsung is headquartered. The cells will used in modules for MEMC’s project arm, SunEdison.
A change of image and specialty has led Manz Automation AG to drop its ‘middle name’ to become simply Manz AG. The company’s focus has been across a wider range of products and services than automation alone for most of its near 25-year operation period, and this name change aims to reflect that. Manz is now a supplier of integrated production systems and processing equipment for the PV industry.
German laser system supplier 4JET has won the Deutscher Gründerpreis Award 2011. The award, sponsored by Porsche, German magazine Stern, ZDF Television and the Sparkasse Banking Group, was presented to 4JET for not just its exceptional financial growth over the past 12 months but also for creating a business model that promises further growth in the years ahead.
