China Sunergy shifts strategic focus; announces Q1 results
China Sunergy has seen some financial improvement in the first quarter (Q1) of 2012. The company is still suffering losses, however. Looking ahead, it will shift its market focus and invest more in downstream segments.
Trinas Q1 financials affected by US-China trade case
Trina Solars first quarter (Q1) 2012 financials have been curtailed, due to provisions made for potential countervailing and anti-dumping duties. The company also missed its shipment and gross margin guidance. Despite this, it still forecasts growth for the full year (FY).
Identifying emerging PV technologies
Lux Research has developed a Disruptive PV Technology Grid, which allows quantitative evaluation of new photovoltaic technologies for their cost reduction potential and time to market.
Suntech sees big Q1 losses; also affected by trade case
Suntech Power Holdings Co. Ltd has seen significant first quarter (Q1) 2012 financial losses. As with Trina Solar, the companys gross profit and gross margin have been affected by a provision for preliminary U.S. countervailing and anti-dumping duties. Looking ahead, it expects to see gross margin and shipments pickup.
Malaysia considers adjusting FIT due to volume of solar
Malaysias Sustainable Energy Development Authority (SEDA) has told the Malaysian Reserve that it is considering adjusting the countrys renewable energy feed-in tariff (FIT), due to an “imbalance in the RE resource mix”.
Germany: Agreement on solar cap before summer break
German Chancellor Angela Merkel has stated that she seeks to reach an agreement with the state governments on further reductions in solar subsidies before the summer break in Germany.
Inventux files for insolvency
Berlin-based Inventux Technologies AG is the next German photovoltaic company to announce insolvency.
Conergy negotiates with Chinese investors
Hamburg-based Conergy AG is negotiating with Chinese manufacturers about a possible partnership. According to the company’s CEO, it will go beyond a pure supply relationship.
Israel: APC reaches financial close on 58.5 MW worth of PV projects
Arava Power Company (APC) has reached financial close on eight photovoltaic plants in Israel worth 58.5 megawatts (MW).
Ukraine targeting 1 GW PV by 2013
Ukraine is said to be targeting a cumulative installed photovoltaic capacity of one gigawatt (GW) by 2013. Overall, investment in new facilities is expected to reach 2 billion.
