Exelon and First Solar have extended their deadline for initial funding of the DOE loan for the 230MW Antelope Valley Solar Ranch One (AVSR) project, in northern Los Angeles County, California. A revised construction permit has been approved but the delay could have meant First Solar repurchase the project from customer, Exelon today, February 24, 2012 as federal loan and loan guarantee would not be released in time of contract clauses kicking-in.
Ceres Technologies advised that it had bought technology and product assets from the CIGS system business that was operated by Veeco Instruments. The CIGS product line is expected to add to Ceres’ products and services for the renewable energy sector with production-ready CIGS deposition tool sets, including machines for Molybdenum back contact, CIGS absorber layer and transparent conductive oxide (TCO) layers.
Solar Frontier provided 10MW of its CIS thin-film solar modules to power the Mt. Komekura Solar Power Plant in Yamanashi Prefecture, Japan, which started operations on January 27. Shigeaki Kameda, president of Solar Frontier, was in attendance for the plant’s opening celebration.
MBJ Solutions has completed installation of its electroluminescence inspection systems into the production lines of Centrosolar Sonnenstromfabrik. The new equipment inspects 100% of Centrosolar’s module production to ensure any anomalies, not visible to the naked eye, will be detected.
Singulus Technologies has advised that it has received a new order for a processing machine used in the production of CIGS/CIS thin-film solar cells. The order came from an undisclosed international thin-film solar manufacturer and will be used for the set-up of a pilot production of CIGS/CIS modules. Singulus noted that upon successful commissioning by the thin-film solar manufacturer, the company plans to expand its module production, hence the order placed with Singulus. Further details, including a delivery date, were not available.
The CPV solar cell business segment of Emcore accounted for US$19.1 million or 51% of the company's total revenue in its FY2012 first quarter, representing a decline of US$2 million from the prior quarter. However, Emcore reported a CPV cell order backlog of approximately US$51.7 million, an increase from US$43.5 million in the prior quarter. The order increase was due to the first order from its China-based JV CPV module operations, Suncore, which is starting assembly operations to meet a US$100 million project contract in the country.
Organic PV thin films may hold a significant promise of low cost electricity generation but longevity has been a key weakness of the technology. However, Konarka Technologies has become the first OPV manufacturer to become certified in compliance with IEC 61646, an accelerated lifetime testing protocol by TÜV Rheinland.
In releasing full-year 2011 results, Showa Shell highlighted the successful roll-out of subsidiary, Solar Frontier’s CIS thin film modules in key markets such as Germany, US, Asia, Middle-East and Japan. The company noted a string of commercial and utility-scale project wins having started production at its 900MW plant in February, 2011. However, price decline of 40% were reported for the year with further price declines expected in 2012, due to oversupply, though current price declines were said to have slowed.
A US$646 million US DOE loan and loan guarantee for First Solar’s 230MW Antelope Valley Solar Ranch One (AVSR) PV power plant project in northern Los Angeles County, California has hit a snag over an outstanding construction permit issue. The timeframe for initial funding of the loan has been pushed back to February 24, 2012 but if the issue isn’t resolved by that date, First solar said it could have to acquire the project from customer, Exelon for approximately US$75 million.
Private equity firm Element Partners has announced that it is to acquire both Bekaert Advanced Coatings (BAC) and Soleras Ltd, with the two companies merging to form Soleras Advanced Coatings.
