Chinas BYD targets 5 GW PV module capacity; mass energy storage production
Photovoltaic product, battery and vehicle manufacturer, BYD, has ambitious plans. In addition to reaching five GW of module capacity by 2016 and switching to full automation in a few weeks, it intends to start producing solar energy storage solutions on a mass scale in 2013. It is also planning manufacturing locations outside of China.
Conergys Q1 financials reflect restructuring progress
Germany-based Conergy AG has seen a number of financial improvements in the first quarter (Q1) of 2012. It attributes the success to its restructuring program. Despite lower sales, due to declining prices, EBIT and net cash flow have shown positive progress.
Phoenix Solar Q1 growth positive following dire 2011
Phoenix Solar AG has shown financial improvement in its first quarter (Q1) 2012 results on the back of a dismal 2011. It remains positive for the full year (FY).
New VP announced for Sharp Solar Energy Solutions Group
Sharp Electronics Corporation (SEC) today announced that Tim Polega has been named vice president of Sharp’s Solar Energy Solutions Group (SESG), a division of SEC.
Sovello unveils redevelopment plan
Sovello GmbH’s management have today unveiled a redevelopment concept, aimed at bringing the company back to solvency. It includes finding a “suitable” investor, evaluating costs, and continuing production.
Class action lawsuit filed against Solar Millennium
A class action lawsuit has been filed against Solar Millennium AG at Germany’s Nürnberg-Fürth district court. It has been found that the through the companys insolvency, a loss of 315,000 was incurred.
Manz moves manufacturing close to market
Photovoltaic and electronics equipment manufacturer Manz has moved closer to many of its clients, by opening a equipment manufacturing fab in Suzhou, two hours west of Shanghai.
Sovello next for insolvency?
According to reports, the photovoltaic company is drastically cutting production. Sovello declined to comment, however, that it will soon be filing for insolvency.
Aleo lowers 2012 revenue guidance
In light of continued solar remuneration reductions and falling photovoltaic module prices, Germanys aleo solar AG has lowered its 2012 revenue guidance.
Bifacial cell manufacturer targeting production capacity ramp ups
Israel-based BSolar has told pv magazine it is planning to ramp up production of its recently launched bifacial photovoltaic crystalline silicon cells to between 200 and 300 megawatts (MW).
