South Korea’s biggest chemicals manufacturer, LG Chem, is planning to spend ? 491 billion (US$455 million) on its first polysilicon plant as it looks to take its first step into the PV industry. The facility, located in Yeosu in southwest Korea, will have the capacity to produce 5,000 metric tonnes of polysilicon per year. LG Chem’s board approved the construction plan on Thursday and it has penciled in a completion date of late 2013.
A period of equipment digestion or what's known as a reset could be at play after aggressive capacity expansions across the PV supply chain in 2010, according to the PV book-to-bill analysis featured in the forthcoming "Solarbuzz PV Equipment Quarterly" report. According to Finlay Colville, senior analyst at Solarbuzz, the PV book-to-bill is forecast to dip sharply below parity before rebounding in Q4’11.
Despite a swathe of competitors experiencing a significant fall in demand for modules in the first quarter, Canadian Solar would seem to have bucked the trend and guided robust sales in the second quarter resulting in sell-out shipments during its recent first quarter analyst call. In that call, Dr. Shawn Qu, Canadian Solar’s Chairman and Chief Executive Officer highlighted plans for a new 600MW solar wafer plant that would that would be run as a joint venture operation to reduce capital outlay.
The nascent solar arm of electronics giant, Samsung has been shuffled into subsidiary, Samsung SDI, known originally for flat panel display manufacturing but more recently for lithium ion battery manufacturing. Samsung said that the transaction, valued at approximately US$148 million was to ‘manage the company’s resources more efficiently and focus more on its key businesses.’Samsung SDI will take over the solar cell business on July 1, 2011.
M+W Group has taken its PV portfolio past the 10GW mark by signing a contract to build a new 1GW solar cell plant in Asia. By reaching this milestone, M+W is further consolidating its position as a market leading provider of engineering, procurement and construction (EPC) services for silicon and thin-film cell and module production facilities.
Roth & Rau has purchased a production facility from electronics firm, Possehl Electronics in, Shenzhen, China to better serve customers in the region. Financial details of the transaction are to remain confidential. As part of the deal, equipment and personnel of around 145 employees will be retained by the PV equipment supplier. Roth & Rau is being acquired by Meyer Burger.
Solarion hosted a groundbreaking ceremony for its CIGS thin-film solar cell and module factory in Saxon, Germany. The event was attended by company and state officials who noted that this is the company’s first production facility for mass manufacturing of its thin-film PV technology. The €40 million project will house a 129,167 square foot production facility on a 7.4-acre site at the Zwenkau-South industrial park, with a 20MW production volume at its inception in 2012.
The world’s largest producer of solar panels, Suntech Power, has increased the annual capacity of its new manufacturing facility in Goodyear, Arizona to 50MW. This is the second expansion of the site since it was opened in October 2010 and its new 24/7 operating hours will help raise monthly output to 15,000 panels.
GT Solar International has received orders for its DSS multicrystalline growth furnaces totaling US$84.3 million. Orders were place by both existing and new customers including Nantong Zongyi New Material and Inner Mongolia Zhong Huan Solar Material. The orders will be included in GT’s backlog for the quarter, which ends on July 2.
SolarBridge Technologies’ plans to increase the production capacity to over 70MW for its Pantheon microinverter have reached a promising new level with the beginning of the microinverter’s volume production at Celestica’s facility in Dongguan, China. SolarBridge further reveled that it has opened an office in Shenzen, China to support manufacturing and operations with a staff that specializes in manufacturing, test engineering and logistics.
