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Markets & Trends

Class-action lawsuit launched against JinkoSolar

The fallout from JinkoSolar’s admitted environmental contamination continues as a class-action lawsuit is filed. Lawyers Howard G. Smith have launched the legal action on behalf of investors who have purchased JinkoSolar stock on the New York Stock Exchange.

First Solar issues Q3 results early; slashes Q4 guidance

In another surprise announcement from First Solar, the thin film manufacturer has released its third quarter (Q3) 2011 financial results today, as opposed to November 3. Going with the current trend, it has significantly reduced it Q4 and full year guidance.

Italy: 5 MW rooftop installation under construction

Conergy is currently installing one of Italy’s largest rooftop photovoltaic plants at the exhibition center halls in Parma.

NREL develops "game-changing" solar cell furnace

The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has developed what it says is a “game-changing” furnace for the solar cell industry.

GCL-Poly enters solar integration business; plans 83 MW PV project

GCL-Poly Energy Holdings Limited has formally launched its solar system integration business. The company is also planning to build an 83 megawatt (MW) photovoltaic project in California.

Meyer Burger to temporarily stop wire saw production

Another victim of the “highly volatile” solar market conditions, Meyer Burger has said it will stop production of its wire saws at MB Wafertec due to declining demand.

Aurubis to close CIS factory

Europe’s biggest copper refiner and recycler, Aurubis AG, is taking a step back from its solar activities. As such, CIS Solartechnik GmbH will close down by the end of the year.

Gehrlicher unveils plans for southern Spain

Project developer and integrator Gehrlicher Solar has announced bold intentions to develop photovoltaic power plants in southern Spain worth between 200 and 400 megawatts (MW).

PV Crystalox suspends polysilicon operations, announces layoffs and reduces production

In light of the current “difficult” market conditions, PV Crystalox has temporarily suspended polysilicon production in Germany, and reduced ingot and wafer production in both the U.K. and Germany. “Significant” job losses will be incurred.

25 MW prison-ground plants

SunEdison has begun construction on a series of photovoltaic power plants, in partnership with the California Department of Corrections and Rehabilitation (CDCR). In total the four plants will be worth 25 megawatts (MW) and will be located on CDCR grounds.

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