ReneSola sees "steady" improvement; targeting polysilicon costs of under $20/kg
ReneSola Ltd has seen first quarter (Q1) 2012 financial improvements across the board, although it is still suffering significant losses. The company has released its wafer, module and polysilicon cost targets for the year.
Gestamp steps up South African solar activities
Gestamp Renewable Industries has announced new joint ventures between two of its business divisions, and unnamed South African industrial partners. The company has also unveiled its plans to start work on the photovoltaic plants awarded to it under the first round of South Africas IPP program.
Gero Solarpark inaugurates 28 MW German PV park
Gero Solarpark GmbH has inaugurated its 28 megawatt (MW) photovoltaic park in Amsdorf near Halle today. It was reportedly constructed in just seven weeks.
Chinese PV company to acquire 30 percent of Conergy
According to reports, 30 percent of Hamburg-based Conergy AG will be acquired by a Chinese photovoltaic company. Conergy would not confirm the news.
S.A.G. Solarstrom targets positive 2012 EBIT
Germanys S.A.G. Solarstrom is confident it will post a positive EBIT for the full year 2012. Reporting its first quarter (Q1) 2012 financial results, the solar company recorded lower sales and a negative EBIT, compared to the same period in 2011. It is looking to new markets to compensate for domestic decline.
Canadian Solar records promising Q1 2012
Canadian Solar has posted comparatively positive first quarter (Q1) 2012 financial results. Overall, the photovoltaic module manufacturer expects its total solutions business to generate an increasing amount of revenues over the next two years.
China: Alex Solar to develop 1 GW PV project
Shanghai Alex Solar Energy Science and Technology Co. Ltd has signed an agreement with the Jinchang Municipal Government to develop a one gigawatt (GW) photovoltaic project in the Jinchang city development center by 2016.
SMA sees strong Q1 2012 demand
SMA Solar Technology AG has recorded a positive start to 2012, with increased photovoltaic inverter sales achieved. The company forecasts falling demand in Europe, however, for the rest of the year.
SolarWorld increases trade solar shipments
Reporting its first quarter (Q1) 2012 financial results, Germany-based SolarWorld AG has achieved increased solar module shipments in its trade business. In particular, it says the German market recorded strong growth. Overall, revenue and consolidated profits decreased, but EBIT was positive.
Chinas PV system integrators taking significant strides
In its latest quarterly report, IMS Research has identified Belectric as the biggest system integrator in 2011, for the second consecutive time. However, it has found that Chinas system integrators now comprise three of the top 10 worldwide.
