Chinese PV company to acquire 30 percent of Conergy
According to reports, 30 percent of Hamburg-based Conergy AG will be acquired by a Chinese photovoltaic company. Conergy would not confirm the news.
S.A.G. Solarstrom targets positive 2012 EBIT
Germanys S.A.G. Solarstrom is confident it will post a positive EBIT for the full year 2012. Reporting its first quarter (Q1) 2012 financial results, the solar company recorded lower sales and a negative EBIT, compared to the same period in 2011. It is looking to new markets to compensate for domestic decline.
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.
