Specialist PV manufacturing equipment supplier Singulus Technologies has recently reported that its order backlog stood at €125.5 million at the end of the first quarter, while guiding stronger than expected revenue for 2018.
PV and electronics equipment manufacturing and automation specialist Manz AG has reported first quarter 2018 revenue that was 80.8% higher than the prior year period, and a new first quarter revenue record for the company.
Specialist PV manufacturing equipment supplier Singulus Technologies has booked over €40 million (US$48.5 million) in new CIGS (Copper-Indium-Gallium-Diselenide) thin-film manufacturing equipment orders in 2018.
The revival of European thin-film manufacturing equipment suppliers in 2017 proved to be remarkable and more importantly is expected to continue through 2018 as the solar industry works through a wave of new orders, primarily from China, Malaysia and Vietnam.
China headquartered PV thin-film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) has created a completely new business model in 2017 that provides new industrial parks a selection from a portfolio of a-Si, CIGS, GaAs and c-Si heterojunction (HJ) turnkey production lines to provide local governments access to solar technology and attract other hi-tech companies to new industrial parks.
As previously reported there was a significant slowdown in global solar PV manufacturing capacity expansion announcements in the third quarter of 2017, which we highlighted was hardly surprising due to significant level of expansions plans announced in the first half of the year. However, despite increased concerns over the potential imposition of restrictive trade practices in the US and India in the fourth quarter of 2017, there was a significant rebound over the previous quarter, leading to the highest recorded gigawatts of new expansion announcements.
PV and electronics equipment manufacturing and automation specialist Manz AG said the 306MW CIGS module production plant for its Chinese partners, the Shanghai Electric Group and the Shenhua Group had started construction on January 4, 2018 and was expected to be completed by the end of third quarter 2018 with production expected to start in the middle of 2019.
Specialist PV manufacturing equipment supplier Singulus Technologies said that its major CIGS (Copper-Indium-Gallium-Diselenide) thin-film module customer in China, China National Building Materials (CNBM) had secured a minority interest in the company.
PV and electronics equipment manufacturing and automation specialist Manz AG needs to book revenue of around €157 million in the fourth quarter of 2017 to meet guided expectations of full-year revenue of at least €350 million in 2017.
US-based PV installer RGS Energy has struck an exclusive deal with Dow Chemical to exclusively sell its third generation (3.0) solar shingles under the ‘POWERHOUSE’ brand said to use conventional crystalline silicon solar cells rather than the original CIGS (Copper, Indium, Gallium, Selenide) thin-film substrates.
PV and electronics equipment manufacturing and automation specialist Manz AG said it expected to generate revenue of at least €350 million in 2017, including significantly improved and positive EBIT as it starts execution of its large CIGS thin-film orders.
Specialist solar PV equipment supplier centrotherm International has reported first half 2017 photovoltaics and semiconductor segment equipment order backlog of nearly €141 million as well as securing CIGS thin-film tool orders from Manz for turnkey line projects in China.