Savvy solar panel manufacturers understand that wringing excess costs from every stage of the value chain is simply the price of admission to today’s crowded market. They also know that reliability and quality are not only critical for delivering on a 25-year warranty promise, but also drive the true cost of energy over the lifetime of the system. This factor is becoming increasingly apparent, especially in industrial- and utility-scale solar projects, as they age and the power output of many lower quality systems begins to degrade to unexpected levels. Many of those systems used UL or IEC certifications as a proxy for good reliability. Unfortunately, UL certification is primarily concerned with user safety, and even the IEC requirements are not rigorous enough to ensure trouble-free operation throughout the system lifetime. High reliability and quality require testing and manufacturing methods that go far beyond the certification tests.
In January 2010, the Morris County Improvement Authority (MCIA) of New Jersey distributed US$22.3 million in low-interest government bonds to finance the development of solar installations throughout the county. Partnering with Tioga Energy and SunDurance Energy on the Morris Model pilot program, MCIA has completed the installation of 19 solar projects on 16 school and government facilities in its county. These are the first to be financed through the public-private collaboration and collectively generate 3.1MW of energy for the New Jersey County.
Arizona Public Service (APS) is expanding upon its AZ Sun program with the development of a new 17MW PV facility in Gila Bend, Arizona. With the Paloma Solar Plant, APS’s AZ Sun program will have committed 83MW of solar capacity out of the 100MW it aims to finance and own upon the program’s completion, which is intended for sometime in 2014. First Solar was contracted by APS to design and build the Paloma Solar Plant and expects to have it online by September.
Acuity Technology Management completed an independent evaluation on EnviroMission’s Australian Solar Tower technology, valuing it at AUDS$60,000,000. The valuation includes the intellectual property, development rights and overall commerciality of the technology.
In SolarTech’s continued effort to hasten the implementation of renewable solar energy projects on state and local levels, the company has made the industry’s first engineering procurement and construction (EPC) contract template for solar financing, which is anticipated to go hand in hand with the power purchase agreement (PPA) that was released in 2009.
Updated: In an attempt to nearly double capital expenditure by as much as US$1.1 billion over the next two years, First Solar hopes to achieve sales of between US$3.7 billion and US$3.9 billion in 2011 as new capacity comes on stream. The financial projection was given as part of its conference call to discuss 2011 operating performance for the thin-film PV leader. First Solar also expects net module sales of US$2.8 billion and US$2.9 billion with US$0.9 billion to US$1.0 billion of EPC/project development sales in 2011.
SunPower sees substantial growth in store in fiscal year 2011, with annual revenues expected to range between $2.65 billion and $2.85 billion as well as PV cell production of 900-945MW at its three fabrication facilities. The company’s already issued its 2010 guidance, which forecasts revenues of $2.15 billion-$2.25 billion and cell production of 570-580MW. The company also said it has signed a deal to sell the Solare Roma PV power plant in Italy.
In reporting its fourth-quarter earnings, Applied Materials (AMAT) announced net sales within its Energy & Environmental Services (EES) segment (which includes PV tool revenues) of US$606 million. Accordingly, Solarbuzz equipment supplier analysis reveals that AMAT has just reached a significant landmark: the first equipment supplier to reach and exceed the US$1 billion barrier for PV-specific trended ttm tool revenues. Certainly, this achievement offers comfort to tool suppliers that the PV segment has grown to an appreciable level. However, while every other PV tool supplier would welcome reaching this milestone, AMAT’s road taken to the US$1 billion PV revenue mark has been far from incident free.
The U.S. Department of the Interior has given its approval to Solar Millennium for the construction of the Amargosa Farm Road Solar Project; the second large-scale solar energy project to be built on U.S. public land in Nevada. The 500MW facility will use concentrated solar power (CSP) technology, including two 250MW parabolic troughs dry-cooled power plants with the ability to store 4.5 hours of thermal energy.
