Less than a week after shutting down manufacturing operations, Solyndra followed through on its announced intention to file for Chapter 11 bankruptcy. The beleaguered CIGS thin-film PV firm said it hopes to reorganize and find a buyer and would like to avoid liquidating its assets.
Thin-film PV module manufacturer NexPower has begun mass production of its new 155W tandem-junction thin-film silicon module. The latest member of the Taiwanese company’s silicon NT-series, the new module will be renamed Xtreme+, along with all further NT-series modules to reach over 155W of nominal power.
Belgian research centre imec has announced the development of its new organic PV cell. Developed in conjunction with Pennsylvanian technology company Plextronics and Belgian chemical company Solvay, the polymer-based single junction cell achieves an efficiency of up to 6.9%. A module using the same polymer achieved an efficiency of 5% across an area of 25cm2.
Following the successful implementation of fluorine technology at Schüco TF’s 40MW Osterweddingen site, the company has signed a significant long-term supply contract with Linde Gases for the delivery of onsite fluorine (F2) to its new thin-film module mass production site in Großröhrsdorf, eastern Germany.
The US Export-Import Bank will provide First Solar with $455.7 million of loan guarantees to construct a pair of solar PV power projects in Ontario, Canada. The bank will guarantee a $236.7 million loan for a 50MW plant to be built near Amherstburg, Belmont, and Walpole townships, and another $219 million loan for a 40MW farm slated for construction in St. Clair. The debt will be repaid over 18 years.
Serious issues over the viability of thin-film technologies and the companies using them were brought forward with the shutdown and looming bankruptcy of Solyndra this week. However, at EU PVSEC on Tuesday, September 6, at 11:30 am, CIGS turnkey equipment provider Manz is holding its CIGSforum, which is open to register for attendance.
Inventux Technologies has extended its product warranties for its micromorph-silicon thin-film PV systems from five to 10 years. The offer includes system components such as modules, inverters, and mounting systems and is being provided at no additional cost.
Cylindrical CIGS thin-film manufacturer Solyndra has announced that it has suspended its manufacturing operations, immediately laid off its 1100 full-time and temporary employees, and intends to file for Chapter 11 bankruptcy. The Fremont, CA-based company cited "the negative impacts of global economic and solar industry market conditions" as the reason for the actions. The firm also said it is evaluating its options, which could include "a sale of the business and licensing of its advanced CIGS technology and manufacturing expertise."
Avancis PowerMax copper indium selenide (CIS) thin-film PV modules have been certified for higher reimbursement entitlements in Italy. Because the panels are made in Germany, Italian system operators who purchase the products can be eligible for a 10% higher feed-in rate that will apply for 20 years.
Five of First Solar’s senior executives, using personal funds, purchased a combined total of 5,500 shares of the company stock during one of four annual open trading windows for the company’s directors and Section 16 officers. The purchases have been reported to the Securities and Exchange Commission in Form 4 filings where appropriate.
