Sandra Enkhardt
Aleo Solar posts sharp drop in sales
In the first three months of this year the Bosch subsidiary suffered an almost 60% decline in sales compared with 2012. EBIT loss even nearly doubled and increased to more than 16 million.
SMA considers further job cuts of 1,000
A total of 1,000 jobs are reportedly at risk at the German inverter manufacturer. SMA has not confirmed concrete figures, but it confessed that the board is evaluating such urgently needed measures.
SMA to focus on energy management
The photovoltaic inverter manufacturer is currently searching for new business models. The firm’s chief executive, Pierre Pascal Urbon, aims to reposition SMA as an energy management company.
Hyundai Heavy exits polysilicon business
The Korean conglomerate Hyundai Heavy Industries has withdrawn its shares from the joint venture Korean Advanced Materials, which manufactures polysilicon, according to a local media report. The sustained downturn in the photovoltaic industry has been blamed for the decision.
Court orders official insolvency proceeding for Sunways
Due to a third-party application, insolvency proceedings for Sunways are now officially open. The 100% wholly-owned subsidiary in Arnstadt, Germany is also affected.
Centrosolar sells subsidiary to Belgian solar glass manufacturer
Centrosolar Group AG announced yesterday that it has sold its subsidiary Centrosolar Glas GmbH to Belgian solar glass manufacturer Ducatt NV for a symbolic price, as part of its restructuring program, according to a company statement.
Insolvency for AE Photonics
Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.
Germany: PV FITs decrease 1.8% in May
Germanys Federal Network Agency officially confirmed that 290 MW worth of photovoltaics were installed in March in Germany. Consequently, FITs will sink by 1.8% between May and July.
Germany: First meeting of the Photovoltaics Innovation Alliance
Over 100 scientists are meeting in Germanys capital today to discuss the interim results of their research and development projects, funded by the Photovoltaics Innovation Alliance. The goal is solar power cost reductions.
German PV manufacturers continue to post losses
German photovoltaic manufacturers continue posting negative financial results, as the European market remains stagnant. Boschs photovoltaic business unit recorded a 1 billion loss for full-year 2012, as Aleo doubled its loss in 1Q.
