SunPower has announced plans to restructure its Fab 2 cell manufacturing plant in the Philippines. The company’s Fab 1 facility was shuttered in April this year with some equipment transferred from there to Fab 2, to reduce manufacturing constraints during the second quarter.
Major PV equipment supplier, centrotherm photovoltaics has submitted its reorganization plans to the insolvency court in Ulm, Germany. Although the company did not provide details on what those plans would be, the company said in a statement that it had now entered a critical phase in its insolvency proceedings that also need creditor approval. Both its subsidiaries, centrotherm thermal solutions and centrotherm SiTec have also filed plans with the court separately.
Ahead of the official release from the four leading German high voltage network operators (TSOs) next week, Reuters has released information that the push towards green power could cause the country’s renewable energy surcharge to rocket by almost 47% by next year. The article states that this is a reflection of the increasing amount of electricity from renewable sources, bought from producers at guaranteed prices above market rates.
The long and winding road to this final determination imposing anti-dumping and countervailing duties against Chinese manufacturers has finally been reached. The US Department of Commerce (DoC) has announced that Chinese producers/exporters have sold solar cells in the United States at dumping margins ranging from 18.32% to 249.96%. The DoC also determined that Chinese producers/exporters have received countervailable subsidies of 14.78% to 15.97%. This is approximately the same as the ruling in May and in some cases 10% lower.
Having sold its 1MW Uterne PV plant last week, SunPower has announced it has invested in Diamond Energy, a privately-owned, alternative energy project developer and clean electricity retailer headquartered in Melbourne, Australia. SunPower has acquired a minority stake of approximately 42% in Diamond Energy and under terms of the agreement has an option to increase its ownership percentage over time. SunPower will also assume a seat on the company's board of directors.
Continuing to restructure the company in hope of surviving the solar shakeout, major PV equipment specialist centrotherm photovoltaics has made sweeping changes to its senior management with the notable fall of its enigmatic CTO, Dr. Peter Fath. Current CEO, Robert M. Hartung will also step down from his position, while Peter Augustin will become responsible for core solar cell and module business, amongst other management changes.
Weaker than expected demand in key markets of Germany, Italy and UK in the third quarter have led to aleo solar further lowering its revenue expectations for 2012. The module manufacturer had said at the beginning of August that it expected a "surge in sales" especially from the German market in the second-half of the year with stability restored after the feed-in tariff changes.
Overcapacity in the c-Si ingot/wafer supply chain has forced materials specialist, Cookson to close one of its two ingot crucible production plants in China, with immediate effect. The company had closed a similar plant in the Czech Republic in July 2012, which has supplied crucibles, primarily to the European market. Major European-based ingot/wafer producers such as PV Crystalox are down below 30% capacity utilization on the back of weak demand.
Executives from American solar manufacturers, distributors and installers testified before the International Trade Commission demanding Chinese manufacturers be held accountable for the “unmistakable causes of damage to the American solar industry.” They added that without relief, including the application of duties for the surge in imports after the cases were filed, it is unlikely that the American industry can survive.
As part its senior management restructuring process, John Lefebvre, President of Suntech America has left the company, while E.L. “Mick” McDaniel, previously Vice President of Sales and Marketing for Suntech America, has assumed the newly introduced title of Managing Director for Suntech America. As with other recent changes, McDaniel will report directly to CEO David King.
