Still in a restructuring and refinancing phase, designed to make the company more flexible and operate sustainably during dynamic changes in the solar industry, systems integrator, Phoenix Solar reported sales for the second quarter of 2012 as €46.5 million. This constitutes a 57.1% decline when compared to the same period a year ago. The company made a loss of €13.0 million, though refinancing of over €100 million was secured to enable the company to restructure.
Hanwha SolarOne has officially launched its new North American unit, Hanwha SolarEnergy America (HSEA), which will serve customers in the utility and commercial sectors. The company noted that its new North American arm completes the integration of Solar Monkey, a California developer Hanwha SolarOne bought with an initial stake in January 2011. HSEA has developed a project pipeline of 1GW.
The US Export-Import bank signed a declaration of intent (DOI) with the Industrial Development Corporation of South Africa. The DOI aims to progress the South African government’s Integrated Resource Plan and the South African Renewable Initiative. The agreement will see the Ex-Im bank provide financing up to US$2 billion worth of US technologies, products and services to South Africa’s energy sector, with a focus on clean-energy development.
The US residential solar lease market remains highly competitive with a new deal struck by SunPower to access US$325 million in new finance from 2-major investment banks, Citi and Credit Suisse. The new financing comes soon after major competitors in the third party leasing market, SunCity and Sunrun received significant new funding from Credit Suisse to the tune of a combined US$300 million in late July, 2012.
Installation of the Ivanpah Solar Electric Generating System (Ivanpah SEGS) worth US$2.2 billion is 50% complete, according to an announcement by NRG Energy, Google, BrightSource Energy and construction partner Bechtel.
Suntech Power Holdings revealed that in July 2012 it had achieved the milestone of delivering more than 1GW of solar panels to customers in North and South America. The company noted that it is one of the first global solar companies with a 1GW delivery record for the region. Worldwide, Suntech has shipped more than 7GW of its solar panels to over 1,000 customers in more than 80 countries.
Conergy has successfully completed the installation of its 1.8MW solar project at Aqua Pennsylvania’s Pickering water treatment facility. The Aqua Pickering Solar Farm produces 2.3kWh of peak-time energy per year and is expected to generate nearly 50,0000MWh of solar electricity over its lifetime.
CSA International has confirmed that Canadian Solar modules are able to receive 1000V of maximum system voltage under the newly issued CSA1000V certification. CSA International tests products for compliance to national and international standards with its certification marks ensuring the product complies with standards written or administered by the ANSI, UL, CSA, NSF and other institutions.
Ascent Solar Technologies, a developer of flexible thin-film PV modules, has signed an agreement to supply BIPV thin-film laminates to Foxconn. The laminates will be used as part of a pilot installation at Foxconn’s new plant in Zhenzhou City, Henan Province, China. Foxconn is a specialist in the manufacture of electronic devices and produces products such as the iPad and iPhone.
Dow Chemical Company's plans for expansion, announced last year, have come to fruition with the production of its Enlight Polyolefin Encapsulant Films for use in PV solar panels in Thailand. Having commenced production in Ohio, US, in 2010, the company is also constructing a third manufacturing site for this film in Schkopau, Germany.
