Centrotherm bucks the trend to post Q1 profit
With the majority of solar companies recording negative first quarter results, Germany-based Centrotherm Photovoltaics AG proved to be a rare ray of sunshine in the industry, having posted growth of 64.2 percent.
Q1 PV module shipments decline
According to research, photovoltaic module shipments have declined for the first time since the start of 2009. Prices are also “rapidly” decreasing. While this situation is expected to continue into the second quarter, predictions are 24 gigawatts (GW) will be shipped throughout 2011.
Gehrlicher reports record 2010 sales; sets ambitious 2011 goals
In posting its 2010 financial results, Gehrlicher Solar AG has announced it achieved record sales figures, having driven profits from 325 million in 2009 to 343 million in 2010. The company is now looking to increase this to over 600 million.
Australian federal budget "disappointing" for solar
The Australian Federal Budget was handed down in the capital Canberra today providing mixed news for the photovoltaic industry as the government aims to implement over AUD$20 billion (15 billion) in cuts to return to a surplus.
Applied Materials secures wire saw order from GCL-Poly
GCL-Poly Energy Holdings Ltd. has ordered wire saws representing over 2.5 gigawatts of wafering capacity from Applied Materials. The order value was not disclosed.
1.56 MW PV system completed at Cincinnati Zoo
Cincinnati Zoo and Botanical Garden is enjoying a newly installed 1.56 megawatt photovoltaics system. It is said to be the largest publicly accessible solar array in an urban setting.
Solar Trust of America and SolarHybrid form PV JV
The Solar Trust of America has entered the photovoltaics market, having formed a joint venture (JV) with SolarHybrid AG. The new company, SolarHybrid of America, LLC, will develop utility-scale solar projects in North America.
Italys fourth Conto Energia signed; strong growth predicted
Italys fourth Conto Energia has finally been signed into law. While this is good news, analysts believe the delay has been “extremely disruptive”. The 200 kilowatt ground-mounted market has also taken a blow. Nevertheless, 3.5 to four gigawatts (GW) of installed photovoltaics capacity is expected in the second half of 2011, with further growth predicted in 2012.
Germany: Röttgen aims to reform EEG
The German Federal Minister for the Environment aims to introduce an optional market bonus for renewable energies. Now he has submitted a corresponding benchmark paper that also contains sweeping changes for solar energy subsidies.
Algatec to manufacture PV modules in Ontario
Algatec Solar AGs Canadian subsidiary will establish a 50,000 square foot photovoltaic module manufacturing facility in Ontario.
