Announcing its second quarter 2011 results, ReneSola has withdrawn its full year guidance. Overall, shipments were down from the first quarter, but represented an increase on the previous year. Financial performance didnt fare so well.
Indias Parliament House Complex has today inaugurated an 80 kilowatt rooftop photovoltaic system.
American module and system manufacturer SunPower has announced that it will open a new plant in Mexico. It will produce the SunPower E18, E19 and E20 modules and the SunPower T5 Solar Roof Tile system.
A new technology emerging from the United States of America could provide solar energy 24 hours per day even without constant sunlight through improvements to heat storage capabilities.
Californias largest solar power plant has begun commercial operations.
Market analysts Solarbuzz have reported that despite the slow domestic economy, photovoltaics in the U.S. continues to expand with the market doubling in 2011.
According to IHS iSuppli, the U.S. state of California is to continue its solar lead in the country in terms of installed capacity, with predictions that 7.5 gigawatts (GW) will be added there between 2010 and 2015.
Mondays announcement that China is to introduce a national photovoltaic feed-in tariff (FIT) scheme was received well by many in the industry. However, analyst opinion is that the Chinese tier-one manufacturers stand to gain the most.
First Solar has announced its quarter two (Q2) 2011 results, revealing sales of US$533 million, a decline of $34,5 million, or six percent, from quarter one (Q1) 2011. Sales were also down on six-month figures from 2010, by almost $56 million. Gross profits for the quarter also fell by $89,396 million from 2010. Profit decline from the first six-months of this year was $111,777.
Chinese wafer and module manufacturer ReneSola has announced the introduction of two new aspects to its production with the potential to decrease costs and increase output.
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