GT Solar reports record gross margin and revenue growth
Photovoltaic manufacturing equipment and materials supplier GT Solar has reported strong revenue, gross margin and earnings per share growth, in its first quarter (Q1) report for the fiscal year 2012. The company has also reiterated its fiscal 2012 guidance in the range of $1 billion to $1.1 billion and raised its gross margin guidance by one percentage point to 43 percent to 45 percent.
Thames Water deal to install over 5 MW
The United Kingdoms (U.K.) largest water and sewerage company, Thames Water, has signed a deal to become the biggest on-site photovoltaic producer and industrial user, in a deal with Ennoviga Solar. The deal will see photovoltaic arrays installed and expanded on a number of Thames Water sites.
Industry upset with WA tariff-cut
The suspension of the feed-in tariff in yet another state of Australia has been met with anger and dismay by much of the solar community in the country.
Conergy to stamp modules, "Made in Europe"
To qualify for 10 percent higher feed-in tariff (FIT) rates in Italy, Conergy will now badge its modules with Made in EU and TüV logos.
LDK Solar to provide 14.1 MW to New Jersey
Chinese photovoltaic manufacturer LDK Solar has announced today that it will supply Advanced Solar Products, New Jersey, with 58,803 modules for a privately owned, net metered solar project. The project worth 14.1 megawatts (MW) has been initiated by the McGraw-Hill Companies in East Windsor, New Jersey.
Trina Solar revises down Q2 guidance
Chinese photovoltaic manufacturer Trina Solar has revised down its shipment and gross margin guidance for quarter two (Q2) 2011, ahead of posting Q2 results. Falling demand in Italy is blamed for the reductions.
Growing demand sees full-year forecasts increase to 22 GW
The latest IMS Research photovoltaic 2011 forecast predicts installed capacity to increase by one gigawatt (GW) over previous estimates. Growing demand in Asia, the Americas and the German market driving demand.
South, East and over the Atlantic
A new downstream report by Solarbuzz indicates that as the European markets represent a smaller proportion of the worldwide photovoltaic market, U.S. and Asian markets will continue to grow. This growth will be so vigorous, the reports authors argue, that by 2015 Asia will represent almost 26 percent of the market.
Off-grid PV solutions, without storage
Germanys Fraunhofer Institute has developed an off-grid photovoltaic solution to maximize utility of power supply while minimizing the need for storage solutions.
Canadian Solar to supply 33 MW to India
In a deal announced today, Canadian Solar Inc. has signed a sales agreement to supply Indian firm Cirus Solar Systems with photovoltaic modules in quarter three and four of 2011.
