Shrinking solar revenues forecast, despite new markets and growing installed capacity
New research forecasts shrinking, and then flat solar revenues through to 2016, despite the fact installations are expected to grow 15.5 percent as new markets open up. Countries with attractive IRRs are also identified.
Conergy increases sales but suffers 6.7 million loss
German renewable and photovoltaic company Conergys woes continued through the second quarter (Q2) of 2011, with its report showing an increase of sales by 40 percent, to 225.2 million, however losses of 6.7 million. By way of consolation, Q2 losses were almost half that of quarter one (Q1) which totaled 12.3 million.
SolarWorld credits US market for H1 performance
Despite suffering year-on-year financial losses in the first half (H1) of 2011, SolarWorld remains confident it will meet its full year guidance. The company, which recorded impressive sequential gains, cites the U.S. as a “significant” solar market.
Centrosolar optimistic despite negative H1
Adding a touch more light to solars primarily dim first half year, Centrosolar AG has announced it also expects to meet its full year targets, despite recording significant losses and battling difficult market conditions.
Indian expo highlights countrys growing solar popularity
The 5th Renewable Energy India 2011 Expo, held in New Delhi from August 10 to 12, 2011, has been a great success if visitor numbers are anything to go by.
Q-Cells realignment package approved; new COO announced
The Supervisory board of Q-Cells SE has officially approved the realignment package suggested by the company on Wednesday, August 10 in response to the difficult market conditions. It also agreed two executive board changes.
Phoenix Solar to enter PV module business; suffers sizeable H1 losses
Phoenix Solar AG is reportedly looking to enter the photovoltaic module business. Meanwhile, the company has recoded sizeable H1 losses, although it has a “pleasingly” strong order book for H2 2011.
Solar in for strong second half, if financial crisis can be controlled
The first half of 2011 has been less than stellar for photovoltaics, but there are indicators that demand will be much stronger in the second half. All bets are off, however, if the European debt crisis can’t be managed, or if the U.S. falls back into recession.
Manz goes against the grain to record positive 1H figures
Bucking the negative trend, Manz AG has reported positive first half financial figures for 2011.
S.A.G. also posts positive profits
Germany-based S.A.G. Solarstrom AG is the second company of the day to post positive first half (1H) 2011 financial results. Its project planning and plant construction business has been identified as main driver.
