Non-governmental organization (NGO), the Centre for Science and Environment (CSE), is accusing US thin-film manufacturers of using a loop hole in the Indian government’s renewable energy scheme to “ruin the Indian domestic PV industry”. Jawaharlal Nehru National Solar Mission (JNNSM) initiative mandates a domestic content requirement, however, only for crystalline PV and not for thin-film.
A report by Bloomberg has brought Solyndra back into the spotlight. The now defunct company reached a US$3.5 million settlement with former workers who filed suit against Solyndra, alleging that they had not received adequate layoff notices. The settlement resolves the issue that the company did not give employees 60 days’ notice under the Workers Adjustment and Retraining Notification Act when it fired most of its workforce on August 31, 2011.
Singulus Technologies reported sales of €43.6 million for the first six months of the year, down from €64.6 million in the same period of 2011. Solar segment equipment sales were 27.5% of revenue in the first half of 2012, or approximately €12 million, down from 33.1% of sales in the prior-year period.
Still in a restructuring and refinancing phase, designed to make the company more flexible and operate sustainably during dynamic changes in the solar industry, systems integrator, Phoenix Solar reported sales for the second quarter of 2012 as €46.5 million. This constitutes a 57.1% decline when compared to the same period a year ago. The company made a loss of €13.0 million, though refinancing of over €100 million was secured to enable the company to restructure.
Tough times across Sharp Corporation’s electronics sectors filtered down into its solar manufacturing arm in its first quarter sales for the current financial year. Overall, Sharp posted quarterly losses of ¥138.4 billion (US$1.76 billion) on net sales of ¥458.6 billion. Sales within its solar cells segment were down 18.2%, compared to the same period in the previous year at ¥41.9 billion (US$534 million), generating an operating loss of ¥6.9 billion (US$57.5 million).
Ascent Solar Technologies, a developer of flexible thin-film PV modules, has signed an agreement to supply BIPV thin-film laminates to Foxconn. The laminates will be used as part of a pilot installation at Foxconn’s new plant in Zhenzhou City, Henan Province, China. Foxconn is a specialist in the manufacture of electronic devices and produces products such as the iPad and iPhone.
Major restructuring efforts at First Solar took a backseat during the company’s second quarter conference call as management focused on a significant increase in its PV project pipeline. First Solar said it had added almost 1GW of new projects to a pipeline that previously stood at 2.9GW. Net sales were US$957 million, up from US$497 million last quarter while revenue guidance was raised for 2012 to US$3.6-US$3.9 billion, up from a range of US$3.5 billion to US$3.8 billion.
Waaree Energies revealed that it had landed a contract to deliver a 5.75MW turnkey thin-film solar PV plant for Shree Saibaba sugar factory in Latur, Maharashtra, India. No details were given as to a timeline for project completion.
AETI's (American Electric Technologies) ISIS 1MW solar inverter has been witness-tested to UL1741 by TÜV of North America. The integration of 1MW of liquid cooled power inverters with a 1MVA transformer and medium voltage switchgear, is aimed at reducing field installation costs. SEMV (Socios Energeticos de Mexico Verde) has selected AETI to a solar project in Mexico. Contract terms were not disclosed.
Blaubeuren, Germany-based Centrotherm has filed for Chapter 11-type bankruptcy protection in Ulm’s district court to start insolvency proceedings. Centrotherm has a three-month window to restructure before creditors come knocking on its door. The company named insolvency lawyer Tobias Hoefer to the board in a bid to oversee the restructuring. Last month, Hans Autenrieth, member of the management board and co-CEO stepped down from his board position. Jan von Schuckmann replaced him and was appointed chief restructuring officer.
