US-based chemical corporation Dow has announced the completion and shipping of its Enlight polyolefin encapsulant film production line in Schkopau, Germany.
Diehl Controls, a subgroup of Germany's Diehl Group, has sold its photovoltaics business unit to mutares Solar, a subsidiary of Munichs investment company mutares.
PV inverter sales at Advanced Energy (AE) remained strong in the fourth quarter of 2012 at US$59.6 million, down only 1.8% from US$60.7 million reported in the third quarter of 2012.
PV inverter specialist, Power-One reported fourth quarter revenue of US$192 million, within revised guidance but sales declined 32% in Europe, forcing the company to adjust production to demand with the planned loss of 300 jobs.
Weaker than expected demand in key markets of Italy and Germany in the fourth quarter has led PV inverter supplier Power-One to lower revenue guidance to between US$190 million to US$195 million, down from a range of US$210 million to US$230 million.