Suntech releases preliminary Q2 results; denies Italy PV wrongdoing
Suntech Power Holdings Co. Ltds preliminary results for Q2 2012 include a gross margin significantly below its original guidance, and increased operating expenses. Although shipments and revenues were said to have increased, it has decreased its FY shipping guidance. Meanwhile, in response to allegations over GSEs business in Italy, the company has denied any wrongdoing.
First Solar halts Agua Caliente PV module deliveries
According to reports, First Solar has stopped delivery of its thin film photovoltaic modules to the 290 MW Agua Caliente project, currently under construction in Arizona, the U.S.
Germany wants to avoid Eu-Sino trade war
During a visit to Beijing, the German Chancellor sought to find a political solution to the anti-dumping (AD) and countervailing duty (CVD) dispute involving Chinas photovoltaic manufacturers.
Suntechs GSF charged with illegal construction of solar plants in Italy
According to media reports, criminal charges have been filed in Italy against the Global Solar Fund, S.C.A., Sicar (GSF). It is claimed the company “illegally” built solar farms in the country in order to take advantage of available subsidies. The trial is scheduled to begin on December 6.
China Sunergy expects adverse 2H
On the back of paltry Q2 2012 financial results, China Sunergy expects its business to be adversely affected in 2H. The usual suspects oversupply, weak market demand and low ASPs were identified as the main culprits. Downstream projects are still a focus for the company.
Gehrlicher grid connects 35 MWp German PV park
Gehrlicher Solar AG has connected its 35 MWp Perleberg photovoltaic park to the German grid. The project was said to have been completed in just 2.5 months.
UK: Lark Energy plans 30 MW PV park
Lark Energy has announced it is planning to develop a 30 MW photovoltaic park in Suffolk, the U.K.
Sovello in talks with potential partners
Production at the insolvent Germany-based photovoltaic company, Sovello is at a standstill. Despite this, talks are said to be ongoing with “major strategic partners”.
Germanys energy summit fails to produce results
Yesterdays meeting at the German chancellery offered little in the way of tangible results. It was only agreed that the development of renewables should be curbed, the EEG reformed and the industry relieved. Representatives of the photovoltaic and wind associations were not, however, invited to participate.
Q.Cells creditor meeting begins
According to reports, 47 representatives at the insolvent Q.Cells SE are currently deciding whether South Koreas Hanwha, or Spain-based Isofotón will get to take the German company over. When the decision will be reached is not yet known.
