Capital Dynamics and Tangent Energy Solutions have signed a joint development agreement, which will see the two companies working together on commercial-scale solar energy projects throughout the United States. Under the agreement, Capital Dynamics will arrange the funding necessary to build, own and operate existing and future solar projects developed by Tangent.
Although there were no specifics mentioned in the financial forecast for 2011 provided by Q-Cells as it announced full year financial results, sales are set to be at around the same level as last year. As previously reported, Q-Cells sales increased by 70% to €1.35 billion in 2010. In its annual report, 2011 sales guidance is between €1.3 billion and €1.5 billion.
Coming off the strong year that was 2010 in the global solar photovoltaic world, Solarbuzz’s Quarterly report has countered that 2011 may be a rockier road. The research company is estimating that Germany’s first quarter 2011 end-market demand for solar PV has been performing at less than 50% of what it was in the first quarter of 2010 and maintains that even though module manufacturers worldwide have been reducing prices, the market has yet to feel a positive effect.
In releasing 2010 financial results this week, centrotherm photovoltaics achieved record results, dominated by revenue generation in its Solar Cell & Module segment, while revenue from its Silicon & Wafer segment and Thin Film Module segment declined compared to 2009. Group revenue reached €624.2 million, a 22.6% increase over revenue of €509.1 million in 2009. Solar Cell & Module segment revenue reached €404.5 million, up 68.6% compared to the previous year and represented 64.8% share of total revenue.
China Sunergy saw its revenues increase sequentially and year over year, while its quarterly shipments came up a bit short of guidance. The company’s results reflect the shift in focus to in-house module manufacturing that occurred in November 2010, following the acquisitions of CEEG (Shanghai) Solar Science & Technology and CEEG (Nanjing) New Energy.
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.
