After recently announcing that it had shipped its first international trichlorosilane (TCS) delivery, SunSi Energies has advised that the first phase of the expansion for its Wendeng TCS facility in Weihai City, China is complete. The expansion increased the facility’s production capacity by 50%, or 10,000MT, to 30,000MT.
Calisolar is making its move to become high-volume low-cost silicon solar wafer producer with plans to build a 16,000MT silicon production facility in Lowndes County, Mississippi at an estimated cost of US$600 million. A pioneer of enhanced UMG-based wafers, Calisolar is bring silicon material production in-house to significantly lower costs and have greater control over material quality. When fully operational, the plant is said to employ 951 full-time workers.
Following the successful implementation of fluorine technology at Schüco TF’s 40MW Osterweddingen site, the company has signed a significant long-term supply contract with Linde Gases for the delivery of onsite fluorine (F2) to its new thin-film module mass production site in Großröhrsdorf, eastern Germany.
A recently signed a licensing agreement with see Taiflex Scientific offer its ‘Solmate’ backsheet, coupled to DuPont’s new ‘TPNext’ laminate, which is based on DuPont’s ‘Tedlar’ polyvinyl fluoride (PVF) backsheet film. DuPont Photovoltaic Fluoromaterials developed the new backsheet technology to enhance the quality and manufacturability of c-Si-based modules by improving adhesion to encapsulants, resistance to ultraviolet (UV) light and enabling faster throughput in the backsheet production process, an area receiving constant attention to help drive down manufacturing costs.
In a single stroke, LDK Solar has wiped US$1 billion in expected revenue from its 2011 guidance on the back of significant price declines for bare wafers and solar modules. In the second quarter, LDK is planning US$55 to US$60 million of inventory write-downs, the largest so far of any PV manufacturer. Instead of expected 2011 revenue in the range of US$3.5-US$3.7 billion, the company expects full-year revenue to reach US$2.5-US$2.7 billion.
STR Holdings publicized the definitive purchase agreement it had signed with Underwriters Laboratories (UL), where UL will buy STR’s quality assurance (QA) business for US$275 million in cash, plus cash assumed. The acquisition is expected to be finalized no later than September 30 once all traditional closing conditions have been met.
Having noted a 45% price decline for bare wafers from May to June this year, PV Crystalox Solar said it was currently operating below breakeven level and expects further pricing pressure in the second-half of the year could lead to incurring an operating loss in the second half. Despite challenging business environment, the wafer producer posted a 23% increase in wafer shipments in the first-half of the year to 204MW, compared to the same period (165MW) a year ago. PV Crystalox posted revenue of €129.6million, up 16% compared the prior year period. EBIT was up by 161% to €24.3 million. Wafer production capacity also increased, reaching a nameplate capacity of 535MW. The company is expanding capacity to 750MW by early 2012.
As part of its strategy to supply a complete materials offering to the PV industry, Dow Corning has brought online a new 4,000MT per annum monosilane gas facility, adjacent to Hemlock Semiconductor’s polysilicon manufacturing plant in Hemlock, Michigan.
As a consequence of Evergreen Solar’s Chapter 11 bankruptcy filing, Nasdaq has notified the company that it will be suspended at the opening of business on August 24. Based on Nasdaq rules, Evergreen Solar’s common stock will be delisted but the company may trade on the OTC Bulletin Board or the Pink OTC Markets. However, this will require at least one market maker to quote Evergreen Solar’s common stock, though this is not given, it normally happens.
Only hours after PV-Tech reported that Evergreen Solar had said it was in detailed and time-consuming negotiations with holders of its convertible senior secured notes, which had caused the company to delay quarterly SEC filings, the company said it has filed for voluntarily bankruptcy under US Chapter 11. At the same time, Evergreen stated that it has made agreements with certain noteholders with more than 70% the outstanding debt to sell its ‘String Ribbon’ wafer technology business assets. A ‘stalking-horse’ bidding process has been agreed.
