SpectraWatt files for bankruptcy just months after laying off workers
According to various media reports, solar cell manufacturer SpectraWatt Inc. has filed for bankruptcy. The news comes just months after the company laid off over 100 employees.
GT Advanced Technologies acquires Confluence Solar
GT Advanced Technologies Inc., formely known as GT Solar, has acquired Confluence Solar Inc. for USD$80 million.
Conergy sues 4 former board members
The dust apparently refuses to settle at the Hamburg-based photovoltaic company. Conergy has now decided to sue four of its former members of the board for violations as established under the German Stock Corporation Law.
Japan: Renewable energy signed into law
While details of the scheme are pending, photovoltaics looks set to receive a major boost in Japan with a renewable energy bill passing through the upper house of parliament today. Analysts Jefferies predict solar to be the big winner under the scheme and said that the law, will become an eventual feed-in tariff (FIT).
REC extends PV production shutdown
REC has extended its photovoltaic production shutdown in Norway until the end of the year.
Hanwha SolarOne posts Q2 loss
In another sign of a tough photovoltaic market, Chinese cell and module manufacturer Hanwha Solar Co. has posted a small loss for the second quarter (Q2) of 2011. Reduced gross profits and increased operating expenses were blamed for the RMB32.3 million (USD$5 million) loss.
China: Schiller wins contract to equip new thin film factory
Schiller Automation GmbH & Co. KG will supply automation equipment to an unnamed Chinese customer for a new 120 megawatt (MW) photovoltaic thin film factory.
Roth & Rau sells off CTF subsidiary
Roth & Rau has sold its Roth & Rau CTF Solar GmbH (CTF) subsidiary off to an unidentified Chinese manufacturer. The financial sum was not disclosed.
JinkoSolar establishes Swiss subsidiary
Chinese photovoltaic module manufacturer, JinkoSolar Holding Co. Ltd has established its third European subsidiary.
Falling prices hit inverter supplier revenues
Industry analysts IMS Research has released its quarterly PV Inverter Supply and Demand report, which shows that, while shipment volumes have increased markedly over the year, falling prices have resulted in decreased revenues for inverter suppliers.
