In reporting Q1’11 results on May 13, 2011, Roth & Rau highlighted year-on-year revenue growth for group activities (including PV) of 69.1% - from €35.3 million in Q1’10 to €59.7 million in Q1’11. Indeed, analogous to other PV companies recently across the value and supply-chains, emphasis was placed on year-on-year comparisons, not on quarter-on-quarter changes from the preceding reporting period Q4’10...
Ion implant market leader Varian Semiconductor Equipment Associates will be acquired by Applied Materials for approximately US$4.9 billion. The deal is said to enhance Applied’s product offerings for transistor formation for front-end semiconductor processing as IC process complexity, transistor scaling and 3-D design implementation require complete and integrated product and process offerings. The deal also offers Applied new market opportunities in solar, display and light emitting diodes, where Varian has made significant investments in recent years to broaden implant technologies market opportunities. Varian reported last week second-quarter 2011 revenue of US$330 million.
BlueChip Energy (BCE), a fully-integrated solar energy provider for residential, commercial, government and utility applications, has signed a power purchase agreement (PPA) to supply Progress Energy Florida with renewable solar photovoltaic power from the Sorrento Eagle Dunes Solar Farm, a 40 megawatt utility-scale solar PV facility the company is developing in Central Florida.
BlueChip Energy has bought a large plot of land in Lake County, Florida for the development of a 40MW solar farm. When completed, the ground-mounted system will be the largest in the state and generate around 64-million kWh of electricity per annum.
Building work on the largest privately-held PV system in Florida is close to completion as Sybac Solar adds the final touches to its 2MW array in Gainesville.
The U.S. Department of Energy has made a conditional commitment of a loan guarantee worth up to $967 million for the 290MW (AC) Agua Caliente solar PV farm, located on 2400 acres of former agricultural land site east of Yuma, AZ. Preliminary construction on the site has begun, with the first electricity expected to be produced later this year or early 2012. The entire project is scheduled for completion in 2014.
In a blow to homegrown U.S. solar manufacturing, Intel spinoff SpectraWatt will be laying off most of its workforce and possibly closing down operations, according to published reports. The crystalline-silicon PV cell manufacturer will let more than 100 employees go starting in March of next year and may shutter its less-than-year-old factory located in IBM’s Hudson Research Park in Hopewell Junction, NY.
The Tucson Airport Authority (TAA) and Tucson Electric Power (TEP) will be coming together for a second time since 2007 for the installation of a solar energy project. TAA’s board of directors approved a 20-year land lease with TEP, where TEP will pay a fixed rental rate of US$46,716.50 per year to lease 50 acres of land south of the Tucson International Airport.
Good Energies and NIBC Infrastructure Partners have signed an agreement with Q-Cells SE for the acquisition of Finsterwalde II and Finsterwalde III, the solar photovoltaics plants located in Brandenburg, Germany. Together with Q-Cells' Finsterwalde I, which stands adjacent, the three Finsterwalde projects have a capacity of 81MWp, forming the largest operational solar PV plant in the world.
The first wave of solar park announcements in the UK is in full swing. Many planned projects are designed to take advantage of the highest irradiance levels in the country, which are found in Cornwall. However, one of the pioneering sites, which is backed by a core team of experienced PV project developers and Q-Cells cofounder and former CEO Anton Milner, is planning a 5MW crystalline-based plant in Bourn, Cambridge.
