Eyelit has completed tallying its financial results for Q4 and the full year 2011. The company did not release specific numbers, but advised that it had completed a record high in Q4 revenue with new customer sales doubling in 2011, over numbers in 2010. Eyelit noted that 50% of its new customers are large multinational corporations with revenues topping US$1 billion.
Clenergy, PV mounting system manufacturer, has moved its European headquarters to Cologne. The offices were formerly located in Frankfurt but the company decided on the strategic move to Cologne in order to optimize logistics and human resource planning. The company’s European warehouse will also be relocated from Southern Germany to the new location in Cologne.
JinkoSolar Holding has opened new regional headquarters, for its Asia-based operations, in Singapore. The office will manage sales, logistics, financing, project development and customer service for the country. The company noted that with the opening of its new office in Singapore, it now has nine sales and marketing offices located on four continents.
French PV module manufacturer KDG Energy has begun the production of China Sunergy’s modules in France. The two companies have entered a memorandum of understanding in 2011, stating that China Sunergy (CSUN) will provide components for solar modules that KDG Energy will manufacture under CSUN’s brand name. KDG Energy officially commenced production of the modules in mid March 2011.
Air Products has completed and brought onstream its hydrogen selenide (H2Se) facility expansion at its electronic specialty materials manufacturing facility in Hometown, PA, USA. The newly expanded high-purity H2Se facility will serve the growing demand from the CIGS market for the compound, which is provided by Air Products to semiconductor and PV customers at more than 99.99% purity levels.
A recent report by market analysts Yole Développement has predicted that the PV equipment and materials markets will drive manufacturing cost reduction, leading to the purchase of in the region of 35GWp of new equipment by 2017. The report, “Crystalline Silicon PV: Technology, Equipment & Materials”, singles out the c-Si sector as facing a period of change whereby the low-efficiency portion of manufacturing capacity will be shut down in order to concentrate on the higher-yielding technologies.
Dow Chemical announced that it had officially opened its Dow Seoul Technology Centre in Hwaseong, Gyeonggi-do. The R&D centre will focus on technological advances in display technologies and semiconductor-related applications including lithography, organic light-emitting diodes (OLED), display materials and advanced chip packaging.
Innotech Solar (ITS) and CEO Thor-Christian Tuv have decided to part ways after identifying differing opinions on the company’s future growth and expansion. The company’s board is now focusing on creating a new long-term growth strategy to meet the dynamic challenges of the photovoltaic industry. The ITS board views the introduction of new skills and expertise as an important priority, and has appointed David Hogg to the role of CEO at Innotech Solar with immediate effect.
Renewable Energy Corporation said that operating its 300MW monocrystalline wafer plant in Glomfjord, Norway would continue to lose money despite cost reduction efforts and that it will therefore be closed permanently. The plant closure will affect 200 employees.
Thin-film module manufacturer Stion has announced that it will begin shipping from its Mississippi factory after receiving certifications from Underwriters Laboratory (UL) and International Electrotechnical Commissions (IEC). The move follows the development of modules with a nominal power of up to 140MW. Commercial shipments will commence from the Hattiesburg plant later this month.
