Trina Solar squeezed a little more module shipments out of the factory gate in 2010 than previously guided. Shipments were approximately 351MW for the fourth quarter of 2010, compared to previous guidance of approximately 300MW, resulting in total 2010 module shipments reaching approximately 1.06GW in 2010.
First, Tessera Solar sold its 850MW Calico Solar project to K Road Sun in late December and now the company has announced that its 709MW Imperial Valley solar project has been bought by AES Solar, who, like K Road, intends to convert the CSP project into a PV installation.
The 9REN Group recently closed on a funding lease from UniCredit Leasing that will go towards the financing of the Pacione 1 PV power plant. The Italian PV plant, located in the Taranto province, is complete and holds a 6.5MW capacity. Grid connection is expected to occur in the next few weeks.
With significant ingot and wafer capacity expansions, notably underway in Asia, the demand for slurry recycling is working in tandem. With a claimed 40% market share, SiC Processing is raising €100 million via a bond issue to further expand operations in Asia and other regions.
With the acquisition of Solarfun and its recent name change to Hanwha SolarOne, the PV manufacturer is to change its NASDAQ ticker symbol to ‘HSOL.’ This will take effect when the market opens on February 15, 2011.
John McLane has accepted the president position with GCube Insurance Services, a worldwide insurance provider for the renewable energy arena. McLane was named one of the top five energy insurance brokers in the U.S. by Risk & Insurance Magazine in 2006 and will rely on his 30-year background in insurance and risk financing programs for utility scale renewable energy projects to guide him in his new position.
Taiwan-based solar cell producer Neo Solar Power (NSP) has posted its 10th consecutive month of increased revenue, reaching a new record high of approximately US$84.1 million (NT $2.44 billion) for January, which represented a 5.74% increase month-over-month, and 150.06% year-over-year. NSP has raised its capacity expansion target to 1.3GW in 2011, up from the 1.2GW previously guided.
Preliminary financial results from SolarWorld show the integrated module manufacturer posted revenue of €1.3 billion in 2010, a 29% increase over the previous year, when revenue of €1.01 billion was reported. Shipments of wafers and solar modules also increased over the previous year, reaching 819MW, up 42% over figures logged in 2009 when shipments reached 578MW.
Sungevity has appointed Mac Irvin as the company’s new chief financial officer. With over 20 years of experience in equity investments, fundraising, leasing and other structured transactions for domestic and international markets, Irvin will be leading Sungevity in its corporate finance and accounting activities as well as acquiring project financing for their solar leasing product.
Siemens Industry has signed a supply and distribution agreement with Enphase Energy for the sale of Enphase’s solar microinverters systems through Siemens electrical equipment distributers network. The agreement will see Enphase furnish Siemens with its solar microinverters and Enlighten, a web-based monitoring service.
