Manz

With five public entities having committed RMB1.25 billion into a project to produce copper, indium, gallium, selenide solar modules five years ago, the joint venture has been abandoned at an estimated impairment cost of RMB1.42 billion.

Companies from a dozen EU member states will commit the public funds in a bid to come up with novel battery chemistries and production methods as well as recycling and circular economy innovation.

The PV production equipment manufacturer said its employees will return to work at to two locations in Germany as planned after the Easter break, despite concerns about the Covid-19 pandemic.

Manz and Singulus have both seen turnover drop in the first half.

The PV equipment manufacturer said solar sales remained stable. Major CIGS contracts with Chinese partners Shanghai Electric Group and China Energy Investment Corporation dominated the company’s PV business.

The German PV equipment provider saw sales increase by a third in the first three quarters of 2018. Full year 2018 guidance remains unchanged.

With capital projects CIGSfab and CIGSlab – according to the PV equipment provider – on schedule, Manz expects big follow-up orders from its Chinese customers as solar provided the highlight of the parent company’s first-half figures.

In the first half of the year, the PV equipment manufacturer recorded a significant increase in sales. This was largely due to orders from the solar industry.

Manz AG today reported a fire at its Taiwan production site. A spokesperson confirmed that its solar PV operations were not affected. No one was injured in the incident, although the amount of damage is still to be determined.

The German solar PV equipment manufacturer has confirmed its preliminary figures for the past year. The record sales registered in 2017 could be increased even further this year.