A day after reports claimed Hanergy and Q-Cells were in discussion over the sale of the German PV manufacturers' CIGS thin-film subsidiary, Solibro, both companies said in a statement that a deal had been signed. Financial terms were not disclosed.
Reports have emerged that Hanergy Solar Technology is considering the purchase of Solibro, the CIGS thin-film subsidiary of Q-Cells. Insolvency firm HWW Wienberg Wilhelm, which is administering the bankruptcy proceedings of Q-Cells had said in April that there had been both foreign and domestic interest in acquiring the bankrupt PV manufacturer.
Failure to secure further funding has forced flexible thin-film manufacturer, Konarka Technologies into bankruptcy. The Chapter 7 bankruptcy via a Massachusetts Bankruptcy Court means full liquidation and asset sale to pay creditors. Since its initial venture capital funding in 2001, the company had raised around US$190 million to develop and market its roll-to-roll OPV (organic photovoltaic) technology.
Swiss silicon thin-film firm, Pramac has been forced to file for insolvency after shareholders rejected management proposals over restructuring the company after posting losses (net) of over €94 million in 2011. The diversified firm had been a customer of Oerlikon Solar since 2008. Pramac had a 30MW end-to-end turnkey line using Oerlikon’s ‘Micromorph' technology.
The US Department of Energy's National Renewable Energy Laboratory (NREL) has confirmed a 15.5% aperture area efficiency on commercial size flexible PV module (total area 1.68m2) from thin-film manufacturer MiaSolé. MiaSolé’s record represents over 2 points of improvement compared to the previous world record for flexible PV of 13.4% set earlier this year by SoloPower.
Having formed a joint venture firm in March, PV CIStems, Solar Frontier and BELECTRIC have connected what they claim to be the world’s largest CIS thin-film solar power plant in Bochow, Brandenburg, Germany. The project’s investor is CommerzReal and the financing is provided by HypoVereinsbank (HBV) /UniCredit.
First generation PV thin-film adopters are falling like flies as Berlin-based Inventux files for bankruptcy. Inventux was a customer of Oerlikon Solar and an early adopter of its micromorph silicon turnkey technology. A temporary insolvency administrator has been appointed by the local court in Berlin-Charlottenburg, which is understood to be looking for new investors and secure some of the 200 jobs at risk at the company.
Ascent Solar has entered into a development agreement with Shenzhen Radiant Enterprise and the Third Railway Survey and Design Institute (TSDI), the company has announced. Under the agreement, the three companies aim to install Ascent solar panels into already existing as well as future railway stations in China. TSDI has been involved in designing over 50,000km of Chinese railways, as well as the design of the Beijing South railway station.
A report from Digitimes has provided musings on how thin-film face an uphill battle in the current market. According to the report, solar firms will need to segue from being thin-film solar module providers to solar PV system project designers and suppliers in order to stay competitive. According to the report, as silicon-based solar product prices drop, thin-film solar products have been sidelined, especially during the past year.
Axuntek Solar Energy is using DuPont PV5400 series ionomer encapsulant in its IEC-certified CIGS thin-film modules, the company has announced.
The solar modules are frameless and the first to adopt DuPont PV5400 into CIGS technology. The modules aid to reduce shipping costs because they permit a higher density in shipping, therefore lower costs. Further, the modules are stronger due to DuPont’s encapsulant. The combination of ionomer and glass allows for the utilization of the frameless modules in building-integrated applications.
