Q-Cells: 250 employees to go; CFO resigns
Following a hard year for the German photovoltaic company, Q-Cells has announced that 250 of its employees will be let go by the end of the year. Meanwhile, CFO Marion Helmes has announced her resignation, effective today, November 14. Third quarter (Q3) financial results are also weak.
Sunways full year outlook bleak
In line with many of its German peers, Sunways has reported strong international sales. However, due to the damp solar market, the company has suffered from falling financial figures, leading it to post a bleak outlook for the full year 2011.
SolarWorld suffering from weak market
While SolarWorld may have slightly increased its solar module shipments from last year, revenue has dropped. Meanwhile, the companys EBIT more than halved and consolidated net income suffered significant losses, leading to a lowered full year guidance.
JinkoSolar revises Q3 and full year guidance downwards
Another casualty of 2011, JinkoSolar has revised both its third quarter (Q3) and full year 2011 guidance downwards.
Groundbreaking ceremony held for 250 MW Californian PV project
A ground-breaking ceremony has been held by NRG Energy Inc. and SunPower to mark the official start of the 250 megawatt (MW) California Valley Solar Ranch (CVSR).
Taiwanese cell manufactures set to benefit from US-China trade dispute
Taiwanese solar cell manufacturers are likely to benefit from the U.S.-China trade debate, if countervailing duties are imposed as early as March 2012. Meanwhile, following the first hearing by the International Trade Commission (ITC), the dispute was expanded to include solar cells. Word on the street is that SolarWorld is just on a marketing jaunt and could face a U.S. backlash.
IEA sends stark warning
The International Energy Agency (IEA) has sent a stark warning to the international community regarding the worlds energy future.
Equipment suppliers hit hard
Suspensions or cancellations in photovoltaic manufacturing capacity expansions or new plant builds are hitting equipment suppliers hard, in a new analysis from Solarbuzz.
US: Soitec to develop 155 MW of CPV
Soitec Solar Development, LLC, has received the go ahead to develop 155 megawatts (MW) worth of concentrated photovoltaics (CPV) after having five power purchase agreements with San Diego Gas and Electric (SDG&E) approved by the California Public Utilities Commission (CPUC).
The US utility-scale solar landscape
U.S. solar expert, Alexander von Welczeck, takes time out of his busy schedule to talk to pv magazine about the American utility-scale solar market. Permitting, installation costs, site selection, and the announcement of new solar energy zones, are just some of the issues covered.
