Sunways Q2 and H1 sales drop over 40 percent
Germany-based Sunways has had a rough start to 2011, with both its second quarter (Q2) and first half (H1) sales significantly declining. The company is remaining upbeat though, and expects to experience a better H2.
Solon records gloomy first half
Following on the trend, Berlin company Solon has posted negative financial figures for the first half of 2011. Once again, the weak market, particularly in Germany, was cited as the causal factor.
Q-Cells announces restructuring program; reduces cell production
In response to the current photovoltaic market conditions Q-Cells has said it will streamline its organizational structure and “permanently” reduce its German production capacity by 50 percent.
Aleo Solar revises revenue forecast downwards
Aleo Solar AG has decreased its 2011 revenue forecast due to the current weak demand. International revenues have, however, more than doubled.
ReneSola records shaky second quarter
Announcing its second quarter 2011 results, ReneSola has withdrawn its full year guidance. Overall, shipments were down from the first quarter, but represented an increase on the previous year. Financial performance didnt fare so well.
SunPower to open Mexican plant
American module and system manufacturer SunPower has announced that it will open a new plant in Mexico. It will produce the SunPower E18, E19 and E20 modules and the SunPower T5 Solar Roof Tile system.
Solar energy even without the sun
A new technology emerging from the United States of America could provide solar energy 24 hours per day even without constant sunlight through improvements to heat storage capabilities.
US: Falling prices, strong incentives and policies boost PV growth
Market analysts Solarbuzz have reported that despite the slow domestic economy, photovoltaics in the U.S. continues to expand with the market doubling in 2011.
California leading US solar industry
According to IHS iSuppli, the U.S. state of California is to continue its solar lead in the country in terms of installed capacity, with predictions that 7.5 gigawatts (GW) will be added there between 2010 and 2015.
Chinese manufacturers winners under Chinas FIT
Mondays announcement that China is to introduce a national photovoltaic feed-in tariff (FIT) scheme was received well by many in the industry. However, analyst opinion is that the Chinese tier-one manufacturers stand to gain the most.
