Manufacturing

Following the proposed compromise to cut photovoltaics (PV) feed-in tariff (FIT) incentives by three percent this month, put forward by the German parliamentary mediation committee between the German Bundestag and the Bundesrat for solar promotion yesterday, Phoenix Solar AG has said it expects to see “a substantial increase in consolidated revenue”.

Manz Automation AG has said it is currently seeing “a significant revitalization in the thin film segment”. The news comes as the company announces its acquisition of €8 million worth of new thin film orders in Germany and the U.S.

Solargiga Energy Holdings Limited has said it intends to acquire 51 percent interest in Qinghai Chenguang New Energy Co., Ltd under a new cooperation agreement with the Xining Economic & Technology Development Zone Administration Committee.

ABB has won an order worth USD$50 million from Actelios SpA, through its subsidiary Actelios Solar SpA, in Italy to supply three photovoltaic (PV) solar power plants in western Sicily.

Solar inverter manufacturer SMA Solar has raised its profit expectations for this year, due to the fact it sees the global solar market growing at least 30 percent faster than it previously forecast.

Lawyer Dr. Sebastian Henneke of Registry hrm Henneke, Ropke, Messerschmidt in Germany has been appointed as the provisional liquidator for the insolvency proceedings over the assets of Meier Solutions GmbH in Bocholt.

China-based ET Solar Group Corp. has completed a 1.9 megawatt (MW) ground mounted photovoltaics (PV) power plant in eastern Germany. It has already been connected to the grid.

French group Tenesol has invested €1.5 million to increase the capacity of its South African solar module factory, based in Cape Town, to 85 megawatts (MW) per year.

President Barack Obama has announced that USD$1.85 billion in conditional commitments will be made available in the form of loan guarantees to two U.S. solar companies. As a result, one of the world’s biggest solar plants is scheduled to be built in Arizona, while around 5,000 jobs are expected to be created.

Chinese solar power system manufacturer Yingli Green Energy Holding Co. aims to triple solar panel production capacity in the next three years to three gigawatts a year at a total cost of roughly 200 billion yen (around USD$2.2 billion; €1.8 billion), says Japanese news source Nikkei.