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.
The difficult solar market in the last quarter of 2011, led Elkem Solar to suspend operations at its plant in Kristiansand, Norway. However, the company has advised that full production has been restored due to an increase in orders for Elkem Solar Silicon.
The first roll-to-roll flexible OPV thin film plant using vacuum deposition of oligomers has been officially opened by Heliatek. The €14 million facility in Dresden, Germany has 1 pilot/production line initially with the expectation to launch commercial product offerings in around the third quarter of 2012. The first key market Heliatek is addressing is BIPV and has plans to raise a further €50 million for a full-scale production line. An opening ceremony was attended by the Prime Minister of Saxony, Stanislaw Tillich.
Milwaukee-based high-efficiency monocrystalline PV module manufacturer, Helios Solar Works is the first founding member of the Coalition for American Solar Manufacturing (CASM), outside SolarWorld to declare itself a supporter of actions that will lead to duties being applied to solar cells and modules from China. Seven firms with manufacturing operations in the US were said to have formed CASM and petitioned US agencies to investigate module dumping allegations, though until now, only SolarWorld, which has led the campaign had declared involvement.
Former CPV system manufacturer Energy Innovations will have its assets auctioned off by Heritage Global Partners as an Assignment for the Benefit of Creditors. The company was a Poway, California-based HCPV company until insolvency proceedings in the form of liquidation of assets were initiated by its creditors.
A groundbreaking ceremony has taken place for the future manufacturing hub of Panansonic’s HIT modules in Malaysia, Sunday, March 4, 2011. In an attempt to become cost-competitive with Asia-based rivals, the 300MW plant is the company’s first fully integrated facility, which will fabricate solar wafers, cells and modules.
Microsol International, a UAE based module manufacturer has agreed to acquire the majority of operations of insolvent Solon that could secure most of the 471 jobs at the firm. Insolvency administrator, Ruediger Wienberg announced the deal on the March 1, as insolvency proceedings started. Solon had filed for insolvency in the German courts on December 13, 2011. Financial details of the deal were not disclosed or whether Microsol would be responsible for Solon’s debts or whether the acquisition was primarily asset-based.
