The cost competitive position of concentrating photovoltaic (CPV) technologies, especially since polysilicon prices have continued to fall from the heights of 2008, have constrained more widespread adoption. However, a new detailed report from GTM Research highlights a brighter future for the sector should CPV companies achieve their cost reduction roadmaps. In particular, the installed cost of CPV systems need to be reduced by more than 30% over the next four years for CPV installations to reach a healthy 1GW per annum rate by 2015.
Solarion hosted a groundbreaking ceremony for its CIGS thin-film solar cell and module factory in Saxon, Germany. The event was attended by company and state officials who noted that this is the company’s first production facility for mass manufacturing of its thin-film PV technology. The €40 million project will house a 129,167 square foot production facility on a 7.4-acre site at the Zwenkau-South industrial park, with a 20MW production volume at its inception in 2012.
San Diego Gas & Electric (SDG&E) has signed two more 25-year power purchase agreements (PPA) with Soitec Solar Development, which, this time around, will total 125MW of solar energy produced in SDG&E’s service area. Just last month, the utility signed contracts with Soitec subsidiaries for three solar projects in the San Diego area that amounted to 30MW of solar PV energy. SDG&E stressed that the three previous contracts were separate contracts from those announced today.
The Qwest Field Event Center, home of the NFL’s Seattle Seahawks, is currently undergoing a “green transformation” with the installation of a rooftop solar PV system. Considered the largest rooftop solar array in Washington to date, the Qwest Field installation will have 3,750 CIGS solar panels manufactured by Solyndra producing over 830,000kWh of solar electricity per year and offset 21% of the Event Center’s annual utility costs.
The world’s largest producer of solar panels, Suntech Power, has increased the annual capacity of its new manufacturing facility in Goodyear, Arizona to 50MW. This is the second expansion of the site since it was opened in October 2010 and its new 24/7 operating hours will help raise monthly output to 15,000 panels.
GT Solar International has received orders for its DSS multicrystalline growth furnaces totaling US$84.3 million. Orders were place by both existing and new customers including Nantong Zongyi New Material and Inner Mongolia Zhong Huan Solar Material. The orders will be included in GT’s backlog for the quarter, which ends on July 2.
Sales at Q-Cells fell by approximately 46% in the first quarter of 2011 to €125.1 million, compared to €232.3 million in the first quarter of 2010. The company cited a string of market issues that were responsible for the crash in sales, held higher by the sale of a utility-scale project in Strasskirchen, Germany, that provided proceeds of €72.5 million and the €20 million sale of electricity trading company QCCS at the end of 2010.
Energy Conversion Devices (ECD) is looking to put its third fiscal quarter of 2011 and its rather dreary financial results behind it. The company has decided upon a strategic corporate restructuring process that it hopes will lead it to better future financial results. The company saw its consolidated revenue slide 69% from Q2 2011 and 70% from its Q3 2010 results by only posting US$21.5 million in Q3 2011, pinpointing “industry-wide disruptions” in key European solar markets as the leading factor in its final Q3 revenue.
JA Solar Holdings’ financial results for its first quarter 2011 have revealed a profitable quarter that even surpassed some Wall Street analysts’ expectations. The company posted total revenue for the quarter of US$556.4 million, which, although shows a 5.5% sequential decrease from 2010’s fourth quarter results of US$588.9 million, still comes in 91.2% higher in a year-over-year comparison with 2010’s first quarter US$290.9 million result.
SolarBridge Technologies’ plans to increase the production capacity to over 70MW for its Pantheon microinverter have reached a promising new level with the beginning of the microinverter’s volume production at Celestica’s facility in Dongguan, China. SolarBridge further reveled that it has opened an office in Shenzen, China to support manufacturing and operations with a staff that specializes in manufacturing, test engineering and logistics.
