Markets & Finance

September 21, 2010
John E. Bryson, Edison International’s former chairman, president and CEO, will be BrightSource Energy’s new chairman of the board of director’s. Bryon holds over 25 years of industry experience in energy generation, transmission, distribution, infrastructure investment and management of energy assets. BrightSource’s founder, Arnold Goldman, who was the previous chair, will continue with the company as chairman emeritus.
September 16, 2010
Global solar inverter shipments are expected to surpass 23.3 million units by 2014, up by a factor of nine from 2.6 million in 2010, according to a new report from iSuppli Corp. Revenue will subsequently increase to US$8.9 billion in 2014, up from US$5.3 billion in 2010. This would result in solar inverters sales becoming one of the highest-volume ruggedized electronic systems sold, according to report author Greg Sheppard. Despite such soaring demand, the average price per watt for inverters worldwide will decline by 13.5% this year. In particular, Asian suppliers are trying to drive prices down with lower costs, Sheppard noted, even though they have been challenged to deliver bankability.
September 15, 2010
Azure Power has welcomed Glen Minyard to its team as the new vice president of design and engineering. The company is looking at Minyard to oversee its commercial and off-grid business, deeming him a solar power veteran. He was the founder of Minyard Solar Electric  and brings over thirty years of experience in covers design, supply, project management and complete installation of residential and large-scale commercial PV  and renewable energy projects.
September 9, 2010
Once Mossadiq Umedaly, the interim CEO of Enecsys, returns to his original role as executive chairman, Henrik Raunkjaer will step in as the new CEO and board member for the company. The changes will be effective starting November 1, 2010. Raunkjaer has over 24 years’ of experience in the electronics industry, has held several leadership positions in the solar business and earned a BS in electronic engineering.
September 8, 2010
According to the new Conto Energia III, Italy will reduce its funding for solar electricity in three phases starting from 2011. The cuts, which were first provisionally announced back in July, come in line with the current market conditions, which are forcing countries all over Europe to follow suit. However, despite these changes, EuPD Research remains positive that the Conto Energia III still offers a high degree of investment security.
September 7, 2010
Hans Willemsen will be officially inaugurated as the new CEO for Scheuten Solar on September 15, 2010, as he takes over for Frans van den Heuvel who previously held the position before stepping down. Willemsen oversaw Shell Solar from 2004 until 2007 and was recently active as VP for Shell Clean Coal Energy in Asia.
September 7, 2010
Setting the lowest cost per watt production figures in the photovoltaics industry while ramping production past the 1GW level in 2009, should prove to be the key reasons why First Solar becomes the largest solar cell producer in 2009, leapfrogging Q-Cells and Sharp for the first time. According to market research firm, iSuppli Corp, First Solar is set to produce more than double the 503MW it made in 2008 and increase its market share as well as be responsible for nearly a third of global installations this year!
September 2, 2010
Not only has Veeco Instruments welcomed Dr. Johannes Segner as its new chief technology officer for their solar equipment segment, but the company also announced that at its solar technical seminar on September 6,  2010, at EU-PVSEC in Valencia, Spain, Segner will be presenting “Designing a Best-of-Breed CIGS Thermal Deposition Factory, Lessons Learned & Futures Considerations.” Veeco will be highlighting its solar manufacturing equipment at the September 6-9 tradeshow.
August 31, 2010
Intevac revealed that Christopher Smith will be taking over the executive vice president of emerging markets position to manage and develop the company’s capital equipment business. Luke Marusiak, who previously served in the position, will be revisiting his chief operating officer role, which sees him overlooking manufacturing, materials, customer service and corporate services.
August 26, 2010
The California Public Utilities Commission (CPUC) has issued a proposed decision to launch a new renewable incentive program with the aim of driving the uptake of mid-sized renewable energy development. This next-generation feed-in tariff program will require investor-owned California utilities to purchase electricity from renewable energy systems between one and 20MW in size.

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