Hanwha Holdings (USA) has established Hanwha Solar America LLC as a U.S. subsidiary, which will set up an advanced photovoltaic technology research and development center in Silicon Valley. Industry veteran Chris Eberspacher has been named president of HSA and will also serve as global CTO of Hanwha’s various solar businesses.
Monocrystalline solar wafer manufacturer Comtec Solar System Group has finalized and released their financial results for the 2010, posting record revenue and wafer shipment totals for the year. The company cites high demand and a better pricing environment led to their improved financial results. Revenue for 2010 was US$155.15 million (RMB1.02 billion), compared to 2009’s US$77.08 million (RMB506.8 million). Comtec’s total shipments, including sales and processing services, were 175.3MW in 2010, representing a year-long sales volume of 165.5MW – the company’s highest shipments in its history.
Wagner Solar U.K. has appointed Kamil Shah as its new Marketing Manager. Shah, who arrives from Sanyo where he was European corporate communications manager, will be responsible for setting up the marketing department and coordinating all promotion and communication activities in the U.K.
DelSolar has released its approved audited 2010 financial results, showing considerable growth in its revenue from 2009. The company’s total revenue for 2010 was US$397 million, a 168.3% growth over 2009’s revenue. Also seeing an increase from 2009 figures was DelSolar’s net income, which was finalized at US$15 million.
Acciona Energy has promoted Daniel Foley to CEO of its Energy North America division. Foley will be charged with using his experience in power marketing and the energy industry to consolidate the company's market position in both wind and solar sectors.
A group of 15 investors have launched a legal challenge to overturn Spain's decision to cut its feed-in tariff. The group, who are thought to have invested more than €4 billion in the Spanish PV industry and includes private equity and infrastructure funds such as Impax Asset Management and Hudson Clean Energy Partners, are appealing the decision under the international Energy Charter Treaty.
PV module encapsulants supplier, STR Holdings posted 2010 sales to the solar sector of US$259.2 million, an increase of 73.4%, compared to sales of US$149.5 million in 2009. Management noted that the increase in sales was due to increased market share gains with its current Tier 1 Chinese customers as well starting to supply a large Asian module manufacturer in the year.
SolFocus has promoted chief operating officer Bob Legendre to president and COO, reporting to CEO Mark Crowley. In his new, expanded position, Legendre will oversee a broad range of activities including manufacturing, supply chain, engineering and deployment. As the COO, Legendre led SolFocus’s engineering organization and finalized SolFocus’s product realization and product certification for deployment in EMEA, Australia and North America.
Akrion Systems has appointed Dr. Mehran Asdigha as its new vice president of engineering. Asdigha joins the surface preparation specialists from BlueShift Technologies where he was senior vice president of engineering.
