Despite solid Q3, Wacker lowers full year guidance
Wacker Chemie AG has reported a relatively positive third quarter (Q3) 2011. However, the company is cautious about both the photovoltaic and semiconductor industries going forward. As a result, it has lowered its full year guidance.
UK looks to significantly slash solar FITs
The U.K. government has launched a consultation paper, which is proposing further, significant photovoltaic feed-in tariff (FIT) cuts for systems registered on or after December 12, 2011. It says that “urgent” action must be taken to avoid a “boom and bust” solar situation.
Morocco identified as location for 500 MW Desertec project
Desertec has announced that it will build its first solar power plant in 2012. Set to be located in Morocco, it is expected to be 500 megawatts (MW) in size.
US: Identification of solar energy zones to speed up permitting processes
Utility-scale solar development is set for a boost under new plans unveiled by the U.S. Secretary of the Interior yesterday. Through the identification of new solar energy zones (SEZ), it is believed permitting times will be reduced. Industry leaders have welcomed the news.
EU serious about Helios
In a sign that Greeces plan for vast expansion of photovoltaic capacity is gaining support at the highest levels of government, the European Council has mentioned it in a communiqué regarding currency stability measures.
AUO announces full operations at Japan solar site will resume soon
In announcing its third quarter (Q3) financial results, AUO Optronics has said affiliate company M.Setek is expected to resume full operations at its solar factory in Soma, in Mid-November.
Slow solar equipment business bites Manz
Manufacturing equipment supplier Manz has today revised down its earnings for 2011 on the back of weak demand for solar equipment. The company has a turnkey CIGS line and is a single machine supplier to select customers.
Centrotherm ups full year guidance, despite falling EBIT
Going against the grain, centrotherm photovoltaics AG has adjusted both its revenue and EBIT margin guidance for the full year 2011. Certain areas of the business are suffering from the “strained” market conditions though, and its EBIT has taken a massive tumble.
Jefferies: Grid parity a reality in Germany
Industry analysts Jefferies have taken the reductions in Germany’s feed-in tariffs as an indication of approaching retail grid parity.
Solutia grows Q3 sales
U.S.-based chemical products company Solutia has reported its third quarter (Q3) financial results including a two percent increase in sales, from the same period in 2010, and a seven percent increase in earnings per share.
