In the fifth award announcement regarding a solar project or company this week, the US Department of Energy said it has offered a conditional loan guarantee commitment of $150 million to 1366 Technologies to help the Lexington, MA-based silicon PV innovator to scale and expand manufacturing of its DirectWafer technology. The company plans to use the funds to bring its first plant, a 20MW facility in Massachusetts, online in 2013, and then to begin construction on a second 1GW plant that same year in an as-yet undetermined US location.
In reporting first quarter financial results, metals specialist Timminco, noted that it had rebranded its solar grade silicon operations as ‘Timminco Solar’ and was executing a strategic marketing effort to communicate to PV manufacturers its ‘value proposition’ for the product. Timminco management said that the firm had shipped 135MT of solar grade silicon from inventory in the first four months of the year with 63MT alone shipped in April, 2011.
Several large sapphire furnace orders have helped GT Solar to almost double its equipment order backlog guidance from approximately US$1 billion to US$1.6 billion. However, technical upgrades offered to existing customers of DSS650 furnaces are tracking ahead of schedule, enabling GT Solar to raise revenue guidance for the current quarter to approximately, US$225 million, up from previous guidance of between US$140 million - US$150 million.
LDK Solar released its unaudited financial results for its first quarter, which ended March 31. While the company did see its gross margin increase both year-over-year and sequentially, revenue and sales were lower in comparison to its fourth quarter 2010 results. Q1 2011 revenue reached US$766.3 million, a 16.8% sequential drop from Q4 2010’s US$920.9 million. However, in a year-to-year comparison, sales grew 120.5% from US$347.6 million in Q1 2010.
Already in evaluation as a substrate for thin film amorphous silicon (a-Si) modules and copper indium gallium selenide (CIGS) applications, DuPont’s colourless polyimide film, ‘Kapton’ is also being developed for cadmium telluride (CdTe) applications that open-up new markets for the technology in the fields of lightweight, flexible and high-efficiency applications. Currently, the flexible thin-film market is dominated by a-Si and CIGS-based technologies.
South Korea’s biggest chemicals manufacturer, LG Chem, is planning to spend ? 491 billion (US$455 million) on its first polysilicon plant as it looks to take its first step into the PV industry. The facility, located in Yeosu in southwest Korea, will have the capacity to produce 5,000 metric tonnes of polysilicon per year. LG Chem’s board approved the construction plan on Thursday and it has penciled in a completion date of late 2013.
Despite a swathe of competitors experiencing a significant fall in demand for modules in the first quarter, Canadian Solar would seem to have bucked the trend and guided robust sales in the second quarter resulting in sell-out shipments during its recent first quarter analyst call. In that call, Dr. Shawn Qu, Canadian Solar’s Chairman and Chief Executive Officer highlighted plans for a new 600MW solar wafer plant that would that would be run as a joint venture operation to reduce capital outlay.
GT Solar has shipped 1,000 DSS multicrystalline ingot growth furnaces in seven months having announced a new milestone of its 3,000th DSS system being shipped to customer, Gigastorage in Hsinchu, Taiwan. It was only in early November, 2010 that GT Solar announced it had reached a new milestone of its 2,000th DSS system shipment, then to another Taiwan-based PV producer, Green Energy Technology (GET).
GT Solar International has received orders for its DSS multicrystalline growth furnaces totaling US$84.3 million. Orders were place by both existing and new customers including Nantong Zongyi New Material and Inner Mongolia Zhong Huan Solar Material. The orders will be included in GT’s backlog for the quarter, which ends on July 2.
GT Solar has improved productivity on its latest-generation multicrystalline ingot growth system. The process on the DSS650, which produces ingots >625kg, has been enhanced by 44% over the earlier generation DSS450 tool, as a result of reduced cycle time, while maintaining high crystal quality and mass ingot yield, according to the company.
