Hoku Corporation released a statement advising of the current state of the company, which included a confirmation that it had stopped all construction activity for its Hoku Materials polysilicon production site, which is not yet in commercial operation. As of March 31, the company estimates that it had nearly US$7.7 million in cash and US$278.8 million in liabilities, including US$74.4 million in accounts payable at Hoku Materials.
eSolar and Sanmina-SCI advised that they had entered a partnership that will combine the companies’ proficiency in solar thermal energy solutions, local content-optimized component design and manufacturing for utility-scale power plants. Sanmina-SCI noted that it plans to work with eSolar to enhance the company’s solar collector system product offering, which is currently being used in operating CSP facilities.
Developments in the South American market, particularly in Brazil, have created such a buzz that it will play host to Intersolar’s first South America Summit in São Paulo in August 2012. Countries in the region are seeing dramatic increases in energy consumption of up to 30% per year, chiefly as a result of industrial development. At the same time, in nations such as Brazil, solar power is currently on the brink of grid parity.
E-CL and Quiborax are teaming up to build a 2MW solar park, which will be the first to be connected to the Northern Interconnected System (SING) in Chile. The project will help provide electricity to mining development in the XV region of Arica and Parinacota.
Ideal Power Converters (IPC) advised that its 30kW PV inverter, IPV-30kW-480 had been confirmed by Intertek as conforming to UL standard 1741 and is now included on the California Energy Commission’s (CEC) list of approved PC inverter products. As part of the CEC list, IPC’s inverter can be installed in California and across the US.
Late last week, Vermont’s Governor Shumlin signed the 2012 Energy Bill into law, which among other benefits saw the state’s CLEAN Program expand from 50MW to 127.5MW. The bill outlines that the capacity of any distributed generation facility that provides “sufficient benefits to the operation and management of the electric grid” because of its location or other characteristics will not count towards the overall program cap of 127.5MW. Thus, this portion of the legislation mandates that no limit exists on the amount of clean local energy produced from facilities providing locational benefits.
Kyocera has supplied 34MW of PV modules for a 127MW utility-scale PV plant in south western Arizona, the company has announced. The company will provide further modules, manufactured at its San Diego facility, for the project, producing through to 2013.
American-based company Petra Solar has announced that it will install 5MW solar energy across a number of locations in Bahrain. The company is collaborating with the National Oil and Gas Authority (NOGA), Caspian Energy Holding and the Bahrain Petroleum Company (BAPCO).
Last week, the US Department of Commerce imposed tariffs of between 31 and 250% on solar imports from China. Semiconductor Equipment and Materials International (SEMI) has issued a statement calling for all parties to work together on measures to eliminate trade and investment barriers to solar energy.
Despite full-capacity utilization and increased shipments of polysilicon and wafers, Daqo New Energy suffered falling revenue and continued losses in the first quarter of 2012. Based-on previously guided poly production cost reduction timelines and current spot market pricing - Daqo is fighting a loosing battle to sell polysilicon above cost levels through 2012 and 2013.
