Siemens Industry has debuted a new program that allows customers to take advantage of solar power benefits without making a large initial capital investment. The Solar Power Purchase Agreement (PPA) platform from Siemens building technologies division presents all different customers the chance to take part in the PPA, but is especially aimed to entice the public sector who is unable to take advantage of solar federal tax incentives.
After last week closing seven nuclear plants for at least three months the German Government is now said to be discussing plans to raise the size of its renewable energy fund from €300 million to €1 billion. Amid fears of radiation leaks following Japan's nuclear crisis Chancellor Angela Merkel has ordered safety checks on the country’s plants constructed before 1980.
Monocrystalline solar wafer manufacturer Comtec Solar System Group has finalized and released their financial results for the 2010, posting record revenue and wafer shipment totals for the year. The company cites high demand and a better pricing environment led to their improved financial results. Revenue for 2010 was US$155.15 million (RMB1.02 billion), compared to 2009’s US$77.08 million (RMB506.8 million). Comtec’s total shipments, including sales and processing services, were 175.3MW in 2010, representing a year-long sales volume of 165.5MW – the company’s highest shipments in its history.
DelSolar has released its approved audited 2010 financial results, showing considerable growth in its revenue from 2009. The company’s total revenue for 2010 was US$397 million, a 168.3% growth over 2009’s revenue. Also seeing an increase from 2009 figures was DelSolar’s net income, which was finalized at US$15 million.
PV module encapsulants supplier, STR Holdings posted 2010 sales to the solar sector of US$259.2 million, an increase of 73.4%, compared to sales of US$149.5 million in 2009. Management noted that the increase in sales was due to increased market share gains with its current Tier 1 Chinese customers as well starting to supply a large Asian module manufacturer in the year.
China-based polysilicon producer, Daqo New Energy, has reported its first financial year results as a public company, listed on the NYSE. Polysilicon shipments for 2010 were 3,650MT, module shipments were 3.5MW, after starting volume production in the fourth quarter. Revenues in the fourth quarter of 2010 were $81.9 million, an increase of 29.6% from the third quarter of 2010. The increase was mainly due to higher average selling prices for the polysilicon.
Auctioneer and appraisal company CIACPCC has publicized the upcoming one-day equipment auction for the assets and equipment contained within Sixtron’s Dorval (Montreal), Quebec facility in Canada. Running in conjunction with Asset Reliance International and Upstream Value Group, the webcast equipment auction will feature more than US$1.5 million worth of original equipment for solar manufacturers.
Solyndra has recently closed on its new US$75 million in secured credit facility, which was underwritten by current investors. The company stated that the financing will go towards furthering its pursuit of cost reductions and implementing its channel expansion, segment sales and marketing stratagems.
Citing 2010 as being a transformational year for the company, Dr. Peng Fang, CEO of JA Solar, noted that annual revenues increased 211%, while PV shipments increased by 187%. Revenue for the year was US$1.78 billion, PV shipments reached 1.46GW.
