Canadian Solar records promising Q1 2012
Canadian Solar has posted comparatively positive first quarter (Q1) 2012 financial results. Overall, the photovoltaic module manufacturer expects its total solutions business to generate an increasing amount of revenues over the next two years.
China: Alex Solar to develop 1 GW PV project
Shanghai Alex Solar Energy Science and Technology Co. Ltd has signed an agreement with the Jinchang Municipal Government to develop a one gigawatt (GW) photovoltaic project in the Jinchang city development center by 2016.
SMA sees strong Q1 2012 demand
SMA Solar Technology AG has recorded a positive start to 2012, with increased photovoltaic inverter sales achieved. The company forecasts falling demand in Europe, however, for the rest of the year.
SolarWorld increases trade solar shipments
Reporting its first quarter (Q1) 2012 financial results, Germany-based SolarWorld AG has achieved increased solar module shipments in its trade business. In particular, it says the German market recorded strong growth. Overall, revenue and consolidated profits decreased, but EBIT was positive.
Chinas PV system integrators taking significant strides
In its latest quarterly report, IMS Research has identified Belectric as the biggest system integrator in 2011, for the second consecutive time. However, it has found that Chinas system integrators now comprise three of the top 10 worldwide.
ASP increases module production capacity on back of utility-scale demand
U.S.-based Advanced Solar Photonics, LLC (ASP) has announced it is increasing production of its 400 Watt monocrystalline photovoltaic panels on the back of growing demand.
MEMC sees sharply declining solar revenues
MEMC Electronic Materials Inc. has recorded “sharply” declining revenues in its solar business. For the full year, the company has declined to provide guidance. However, it expects system prices to drop to US$3.50 per Watt.
Willfully misquoted: pv magazines words twisted
Right-wing lobby group Americans for Prosperity (AFP) has willfully misquoted pv magazine in a US$6.2 million dollar campaign aimed at discrediting the Obama administrations support of solar schemes.
PV will become mainstream energy source under right policy conditions
Photovoltaics can become a mainstream energy source, says EPIA, if the right policy conditions are in place. It predicts that around 20 to 25 GW could be installed annually in Europe, up to 2016, and between 38 and 77 GW outside of Europe. However, the possibility of a market collapse exists, if the industry is not adequately supported.
Saudi Arabia targets 41 GW of solar by 2032
Positioning itself to become one of the largest solar markets globally, the governments King Abdullah City for Atomic and Renewable Energy (KA-CARE) has announced Saudi Arabia’s ambitious plans to install 41 gigawatts (GW) worth of solar by 2032.
