Having stopped all production at various plants to preserve cash and help draw down inventory, Energy Conversion Devices (ECD) posted a net loss from continuing operations of US$57.5 million, which includes a non-cash impairment charge of US$34.3 million for its financial Q1 results. Revenue was reported at US$22.0 million, which compares to US$65.3 million in the first quarter of fiscal year 2011, and US$70.5 million in the fourth quarter of fiscal year 2011. ECD previously cancelled its conference call and refrained from providing information on whether a call would be organised.
Collaboration has turned to acquisition as equipment specialist Manz is to acquire Würth Solar's CIGS thin-film production line in Schwäbisch Hall, Germany. The deal will include the purchase of all technology IP from the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW), Würth Solar’s orginal technology partner on CIGS processes. The takeover should be concluded by early 2012 with a total of 116 Würth Solar employees being integrated into Manz as part of the acquisition.
Thin film PV company Nanosolar said it has supplied close to 6MW of its CIGS utility panels for two installations in France and Oregon, as part of its partnership with EDF Energies Nouvelles and its US subsidiary, enXco.
The California Public Utilities Commission has approved five power purchase agreements between Soitec Solar Development and San Diego Gas and Electric. Individual project sizes have not yet been disclosed, although the combined total of the PPAs is 155MW.
First Solar has begun construction on what will be Australia’s first utility-scale PV project once it reaches completions, Located near Geraldton, the 10MW (AC) Greenough River Solar Farm will be built over a nine-month period, with local civil contractor WBHO Civil providing Phase 1 construction services. Civil work on the project began November 4, with on-site construction for structural supports and above ground electrical work following soon.
After eleven years of research and development, Sharp Corporation has achieved the world’s highest solar cell conversion efficiency of 36.9% using a triple-junction compound solar cell in which the solar cell has a stacked three-layer structure. Measurement of this value, which sets a new record for the world’s highest non-concentrating conversion efficiency, was confirmed at the National Institute of Advanced Industrial Science and Technology (AIST).
Capacity expansions are out, improving manufacturing line efficiencies and productivity is in, according to First Solar’s chairman Michael Ahearn, who took over the CEO role from ousted Rob Gillete last week. Capacity expansions had seen average module efficiencies rates increase modestly in 2011; on the downside, production cost per watt merely flat-lined. Almost unheard of was the fact that manufacturing line utilization rates had dipped below 100% as capacity outstripped demand. Back at the helm, Ahearn said that First Solar would re-focus on markets without energy subsidies such as the Middle East as well as markets with critical energy needs such as India, North Africa and China.
CIGS thin-film module manufacturer MiaSolé has announced that it has manufactured its 50 millionth cell since its inception. Earlier this year the company, which uses 88 cells per PV module, teamed up with Intel’s Technical Manufacturing Services practice to accelerate its production ramp from 50MW to 150MW per annum capacity by the end of 2011.
Odersun’s thin-film solar cells will now carry the “Made in Europe” certificate, which was confirmed by the VDE Institute. The certificate allows solar plant operators using Odersun’s modules to participate in a 10% higher feed-in tariff from Italy’s Conto Energia IV.
Nanometrics Incorporated, a supplier of metrology systems has announced that a major manufacturer of advanced thin-film solar PV cells has successfully installed the latest generation of the Trajectory Solar Monitor (TSM) metrology system for in-line process monitoring and control of CIGS films. Exact details of the transaction are yet to be disclosed.
