SunPower’s latest endeavours in California includes partnering with Orchard Supply Hardware, a chain of 89 hardware and garden retail stores located throughout the state, in order to reach a wider audience through information displays and at www.OSH.com.
CNPV Solar Power has become the next target of accusations levied at it from The Coalition for American Solar Manufacturing (CASM). The China-based integrated manufacturer of solar PV products has denied the allegations made in a trade action against suppliers of crystalline silicon PV cells and modules from the People's Republic of China.
Total sales from Panasonic’s new subsidiary, Sanyo were down 19% to 669.3 billion yen, compared with 829.7 billion yen in the same period a year ago. Though the company did not provide disclosure of Sanyo solar PV business separately, Panasonic did say that sales were stable in the quarter. Sanyo had previously not disclosed PV sales separately.
Motech Industries released its Q3 2011 financial results, which saw the company’s revenue grow 17% over Q2 2011 results to US$251.83 million. Additionally, the company’s net losses went down to US$19 million, from the second quarter’s US$21.47 million.
Responding to capacity expansion push-outs and cancellations at solar wafer manufacturing customers, Meyer Burger Technology has set in motion temporary adjustments to equipment production at its subsidiary, MB Wafertec. However, Meyer Burger reiterated that its 2011 net sales and earnings remained on target.
Strong quarterly shipments failed to offer respite from a rapid decline in revenue and profit margins within OCI Chemicals, polysilicon production division in the third quarter of 2011. Revenue in its polysilicon segment fell from KRW572 billion in Q2 to KRW495 billion in Q3. Margins fell from 50% in Q2 to 36% in Q3, according to the company.
Citing some customer cutbacks in solar module manufacturing production levels and continued pressure on wafer prices that have declined more than 50% since April this year, PV Crystalox Solar is taking drastic measures to reduce cash burn in difficult times for the global PV industry. The company guided a significant reduction in wafer shipments, compared to previous forecasts, job losses and short time working.
It was recently revealed that Solyndra’s surplus assets will be auctioned off through a global webcast and in person auction by Heritage Global Partners beginning Wednesday, November 2 through Thursday November 3.
Solar energy is fast becoming a ‘sunrise’ sector in India and it has started attracting considerable interest from financial investors as well as cross-border partnerships.
SunCap Financial has selected Suniva to supply its high-efficiency panels for the SunCap Solar Lease Program, which aims to allow US homeowners a more economically sound option when it comes to the design, installation and financing of a custom solar array for their home. The companies noted that Suniva’s Optimus modules, powered by ARTisun solar cells, would be offered through the lease program and come with a 25-year linear power performance warranty.