Responding to capacity expansion push-outs and cancellations at solar wafer manufacturing customers, Meyer Burger Technology has set in motion temporary adjustments to equipment production at its subsidiary, MB Wafertec. However, Meyer Burger reiterated that its 2011 net sales and earnings remained on target.
Citing some customer cutbacks in solar module manufacturing production levels and continued pressure on wafer prices that have declined more than 50% since April this year, PV Crystalox Solar is taking drastic measures to reduce cash burn in difficult times for the global PV industry. The company guided a significant reduction in wafer shipments, compared to previous forecasts, job losses and short time working.
Germany’s solar industry has endured a difficult year and the Federal Network Agency and transmission system operators (TSO) have responded accordingly by leaving the Renewable Energy Law (EEG) levy virtually unchanged at €0.3592 per kWh.
Siemens Energy has connected the 31MW Les Mées solar farm in southern France to the grid. The farm, which is owned by Eco Delta Développement (EDD) and comprised of six separate turnkey systems with 112,000 modules, is one of the largest PV installations in the country.
German PV manufacturer Solarwatt has signalled its intention to move into the Scandinavian solar market by signing a distribution agreement with Danish firm Solarglas. The agreement will see Solarglas, which is based in Denmark’s second city, Aarhus, market Solarwatt’s modules and system solutions to its growing number of clients in the residential and business sectors.
Seraphim Solar System’s modules have passed the Italian Certification Authority’s ICIM (Istituto di Certificazione Industriale per la Meccanica) evaluation. ICIM’s assessment covered Seraphim’s entire management system and the certification will be a boon to the Changzhou-based firm’s hopes of establishing itself in Italy’s highly-competitive PV industry.
Inventory writedowns and a weaker-than-expected recovery in demand for PV installations, specifically in Germany, are behind revised financial guidance by Phoenix Solar. The project developer warned of significant losses for the fiscal year 2011 and said it would be looking at its current business model in an effort to make changes and reduce costs to return to profitability in 2012.
Global Solar Energy, a manufacturer of flexible CIGS thin-film solar panels, has received a TÜV certificate qualifying them for Italy’s Conto Energia IV FiT. In order to benefit, companies have to produce components that are of at least 60% European origin.
UK based Foresight Group has signed a joint venture agreement with Quercus Renewable Energy Fund, a division of the Luxembourg-based Quercus Asset Selection, for the expansion of its investments in the Italian solar PV market. Quercus bought a 50% stake in Foresight’s Luxembourg holding Foresight Lux Co 2, which controls 40% of ForVEI, a company that was established by investors with help from Foresight, who were looking to buy interests in Italian PV plants.
SunEdison and KGAL recently finalized an agreement that sees KGAL buying 33MW of solar PV systems from SunEdison, which are located in Italy and Spain. Financial and specific project details were not released, but the recent acquisition comes after KGAL completed a 20MW purchase from SunEdison in Q2 2011.
