Storage

May 4, 2011
Despite continued polysilicon capacity expansion plans at Wacker and importantly at its competitors, the company has reported that it has virtually sold out of polysilicon to the PV industry through to 2015. Significantly, Wacker noted that it had received prepayments of over €230 million in the first quarter of 2011 and a total net prepayment balance of €1.2 billion, almost equivalent to the cost of building its new polysilicon plant in the US.
May 3, 2011
Dow Corning veteran Robert Hansen, current company president, has been elected as the company’s new CEO, effective immediately. Hansen has been with Dow Corning for 29 years and was appointed as president of the company in November 2010. Dow Corning noted that Hansen will continue to serve as president, in addition to his role as CEO and that Stephanie Burns will remain chairman of the board of directors. “As chairman, I will remain deeply engaged providing counsel and advice on the company’s business strategy, as well as support to Bob as he transitions into his new role and I prepare for retirement,” remarked Burns.
May 3, 2011
Centrosolar has commissioned its first anti-reflective coating glass line in Huzhou, China as part of a partnership with a Chinese firm and subsidiary Centrosolar Glas. The facility will be supplying Chinese PV module manufacturers with anti-reflective layered glass for crystalline-based PV modules. According to Centrosolar the new production line has an annual capacity of 1.8 million m2 of specialised PV glass.
April 28, 2011
ReneSola has released its unaudited financial results for its first quarter 2011, which ended on March 31. Overall, the company saw its solar shipments, particularly module shipments, and its net revenues take a downturn during the first quarter. Q1 revenues were reported at US$328.2 million, which did fall within previously released ReneSola guidance, but was also a 15.1% decrease from the US$386.4 million posted in the fourth quarter 2010.
April 28, 2011
Having originally announced plans to produce EVA encapsulants in China that would come on stream by June 2011, Solutia has said that its new manufacturing facility in Suzhou was ready to supply commercial-grade Vistasolar EVA encapsulant. This is Solutia's first new EVA production facility to be developed after the acquisition of Etimex Solar GmbH of Germany.
April 28, 2011
Interest in Innovalight’s silicon inks from Japanese solar cell and module producers has meant the materials supplier has partnered with local firm Marubeni to sell and support potentially new customers in the country.
April 28, 2011
An existing customer based in Asia has placed a follow-on order worth CHF 70 million with Meyer Burger for wafer slicing equipment and wafer inspection tools. Delivery of the complete order is expected during 2011, according to the company.
April 27, 2011
Although not the first PV manufacturer to lower financial forecasts, LDK Solar is the first of the major producers reacting to weaker-than-expected market demand by sharply revising downward its first-quarter 2011 financial forecast. However, LDK Solar expects the first-quarter market softness to be short lived, as the integrated PV producer reiterated guidance previously given for the full year. LDK Solar’s revised guidance but unchanged full-year expectations could be the recurring theme as the quarterly results period looms.
April 27, 2011
Kuraray has simultaneously announced its commercialization plans for its concentrating PV lens and its intended supply of its technology to Amonix. Kuraray has been working on expanding its business divisions over the past two years and in the energy sector has been working on developing a concentrating lens by producing methacrylic resin.
April 26, 2011
BioSolar hopes to reduce the preparation time for PV panel manufactures prior to submitting their PV panels for Underwriters Laboratories (UL) certification or recertification under UL1703 through its new volume sampling program.

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