Markets & Finance

March 15, 2011
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.
March 14, 2011
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.
March 14, 2011
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.
March 11, 2011
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.
March 11, 2011
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.
March 10, 2011
Ceradyne has acquired a minority interest in Japanese advanced technical materials firm Yamanaka EP for an undisclosed amount.
March 10, 2011
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.
March 9, 2011
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.
March 8, 2011
Dr. Thomas Surek is known as a pioneer of terrestrial PV research who started his 37-year career with his growth of shaped silicon crystals at Harvard University in 1973. Recently, Surek has been appointed to Magnolia Solar’s technical advisory board (TAB) where he will be able to help the company further its promotion of PV systems as an alternative energy source. His experience in the field includes research at Mobil Tyco Solar Energy and a contributor to the large-scale commercialization of the edge-defined film-fed growth (EFG) process through his shaped crystal growth of silicon.
March 7, 2011
China-based polysilicon producer, Daqo New Energy, has reported its first financial year results as a public company, listed on the NYSE. Polysilicon shipments for 2010 were 3,650MT, module shipments were 3.5MW, after starting volume production in the fourth quarter. Revenues in the fourth quarter of 2010 were $81.9 million, an increase of 29.6% from the third quarter of 2010. The increase was mainly due to higher average selling prices for the polysilicon.

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