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.
Logistics giant DHL has joined forces with Lumeta and Daniel’s Electric to fit a new 88kW building integrated photovoltaic (BIPV) system on a Californian high school. The 220 Lumeta PowerPly modules were installed over three days on the 35,000-square-foot roof of a recently-built classroom at Banning High School.
Eaga has signed a £300-million equity and debt financing agreement to help it install solar panels on more than 30,000 homes across the U.K., reports Solar Power Portal.
Lodi Unified School District and Cupertino Electric’s alternative energy division have begun building a 2MW PV system in Lodi, California. Cupertino Electric has designed the system, which is comprised of four smaller systems mounted on car park canopies across the district.
PV demand exceeded many analysts' expectations last year but could also cause slower-than-expected growth over the next few years, should figures released from market research firm Solarbuzz prove accurate. Solarbuzz said that global PV market installations reached a new record of 18.2GW in 2010, a massive 139% increase over 2009. The PV industry generated US$82 billion in global revenues in 2010, up 105% year-on-year, from US$40 billion in 2009.
Photon Consulting’s soon-to-be released report, “Solar Power Markets: Eastern Sunrise” has compiled analysis prompting the company to predict that the Asia-Pacific region holds the biggest sustainable, global growth opportunity for solar energy through 2015. The market study details how the region’s PV economics, cumulative economic growth curve and electricity needs have primed the area for impressive PV expansion over the next four years.
As Danen works on its second phase of construction for its wafer plant II in Guanyin Shiang, Taoyuan County Taiwan, Bloomberg has reported that the company signed a US$161 million contract with OCI, where Danen will buy polysilicon from the company for seven years.
SunPower has said that after talks with its various Japanese-based suppliers, none have sustained major damage to their facilities, though “certain operations are currently disrupted due to infrastructure issues,” the company stated.
SolarBridge Technologies has revealed that its Pantheon microinverter has passed all necessary tests and has been granted the safety standard for PV inverters: UL 1741 certification by the Canadian Standards Association (CSA). The company claims that this is the first integrated microinverter that comes with a 25-year warranty to receive such certification.
The initial reports from a key number of PV manufacturers and suppliers highlighted that little damage to manufacturing operations occurred as a result of the massive earthquake last Friday. However, concern is now focused on the shortage of electricity that affects approximately 45 million people in Tokyo Electric Power Co (TEPCO) service area covering Tokyo, Tochigi, Gunma, Ibaraki, Chiba, Kanagawa, Saitama and Yamanashi prefectures.
