Updated. Business conditions at LDK Solar have worsened considerably since reporting fourth quarter financial results at the end of April, 2012. The integrated PV manufacturer has slashed both polysilicon production and full-year revenue guidance, while meeting the low mark of guided sales in its first quarter 2012 results.
First Solar has reached an agreement regarding the DoE loan funded AV Solar Ranch One in Antelope Valley, the company has announced. The company has resumed the installation of its PV modules at the PV plant after being forced to cease construction in order to deal with module code certification issues. First Solar and the Los Angeles Country Department of Public Works have now reached an agreement about the PV module installation and First Solar is able to continue constructing the 230MW project. Construction of the PV plant began in August 2011 and the project is expected to be completed in 2013.
First Solar and enXco, a subsidiary of EDF Energies Nouvelles, signed a solar module supply agreement, which will see First Solar deliver 61MWp of its thin-film modules. Delivery is set to start in September and will supply enXco’s Catalina Solar Project in Kern County, California.
Sunsolar recently advised of its plans to construct a 30MW solar PV manufacturing plant in Oldbury with a US$7.85 million (£5 million) grant from the Government fund backed by Sandwell Council and the Regional Growth Fund. Sunsolar will provide an additional US$7.85 million for the factory’s development, with plans to open the facility’s doors at the end of October.
Thin-film manufacturer NovaSolar has filed for Chapter 11 bankruptcy. That’s not unusual, a number of companies have gone bankrupt in the last months. NovaSolar, though, is the US arm of Chinese NovaStar, a company that was created with the remaining assets from bankrupt OptiSolar three years ago.
Under intense pressure to remain the low-cost leader, First Solar is taking a leaf from the semiconductor industry by teaming up with materials specialists Intermolecular to fast-track R&D research in materials and processes to shorten the time-to-market for higher efficiency CdTe-based, thin-film PV modules. Taking record cell and module efficiencies from the lab to the fab has proved to be a perennial problem for all types of PV technology.
The industry-renowned Intersolar Europe 2012 has presented Schott Solar and Schmid, Solon and Isra with the award for innovative photovoltaic technology.
Having previously announced a major reorganization of its entire operations, centrotherm photovoltaics, the second largest equipment supplier to the PV industry, has employed an outside consultancy to prepare discussions with its banks to secure further funding. The move was sparked by short-term liquidity issues after merchandise credit insurance companies, used for products and merchandise being delivered to the company, declined further coverage and guarantees.
bSolar, through its strategic partner and Japanese distributor TSBM, has won a contract to construct a 730kW ground-mounted solar project in Nasukarasuyama city, Tochigi, Japan. The project is expected to go online in December and will feature bSolar’s disruptive bifacial PV cells.
Thin-film manufacturer Masdar PV has reached 10% efficiency with its micromorph technology thin-film modules, the company has announced. Masdar’s research and development department collaborated with the Helmholtz Zentrum in Berlin, focusing on the optimization of materials used for the production of the modules.
