Weak demand and sales decline characterize Sunways first quarter
Looking at its preliminary figures, Sunways AG experienced a significant sales decline of 22.1 million in the first quarter of 2011, in comparison to the first quarter of 2010. The reason cited was weaker than expected demand, which resulted in high inventory levels.
Q-Cells lays off contract workers
Germany-based Q-Cells SE has reportedly let the majority of its contract workers go, due to declining photovoltaic demand. The companys permanent staff wont be affected, according to sources.
REC also experiences weak Q1
In what seems to be the overriding trend for photovoltaics companies in the first quarter of 2011, the Renewable Energy Corporation (REC) has reported decreased revenues due to weakened demand.
Daqo and JNE to build Canadian PV module factory
Daqo New Energy Holdings (Canada) Ltd and JNE Solar Inc. have announced they are to build and operate a photovoltaic module production facility in Hamilton, Ontario.
India: Suntech and Sunborne enter into 100 MW supply agreement
Suntech Power Holdings Co., Ltd is to supply Indian company SunBorne Energy with 100 megawatts (MW) of solar modules over the next two years. They will be used for projects in India.
PSE&G and Matrix complete 2.8 MW solar project
Public Service Electric and Gas Company (PSE&G) and Matrix Development Group have completed two New Jersey rooftop solar installations worth 2.8 megawatts (MW).
Silfab and Agris sign solar module agreement
Silfab Ontario Inc. and Agris Solar Co-operative Inc. have signed an agreement, under which Silfab will supply Agris with 9.3 megawatts of solar modules over the next year.
Centrosolar establishes PV AR coating line in China
Centrosolar Group AG has commissioned its first Asian anti-reflective (AR) coating line in Huzhou, China.
Constellation Energy acquires 30 MW Sacramento solar project
Constellation Energy has acquired a 30 megawatt (MW) DC (25 MW AC) solar project from Belectric, Inc. Currently under construction, it is scheduled to be commercially operational by the end of the year.
Enecsys secures £25 million funding
Enecsys Limited has secured £25 million ($41 million) in equity financing. The company says it will use the money to further develop its photovoltaic micro inverter business and expand its global presence.
