Profitability remains tantalizingly elusive at Suntech Power Holdings, having reported a first quarter GAAP loss of US$133 million on the back of certain one-time issues, 27% lower quarterly shipments and 10% price declines. Although management stuck to previous guidance for the year, indicating strong shipments in the second-half of the year, analysts raised concerns over Suntech’s ability to repay a US$540 million convertible note due next year.
Almost a week after the preliminary determination announcement from the US Department of Commerce, organisations and corporations continue to make statements.
Sunways has announced that it has entered into a partnership with Solar Energy Australia (SEA) to distribute Sunways inverters in Australia. In the partnership, SEA is the exclusive distributer of Sunways inverters in Australia as well as provider of customer service.
A new 44MWp module assembly plant in the De Vernejoul industrial park in Porcelette, Eastern France will assemble SunPower’s Maxeon solar cells into modules to meet demand in France, Italy, Germany and Belgium. Total and SunPower said that its 3,300-square-metre plant is equipped to produce approximately 150,000 high efficiency (20% conversion efficiency) modules per year. This is the first such plant SunPower will operate in Europe, having the majority of its production in the Asia-Pacific region.
Conergy has announced the construction of a 10.5MW solar power plant – the largest of its kind in the Saarland region. To be built near the French border, the historic Linslerhof estate is owned by the von Boch investor family celebrated for its environmentally-friendly way of life. The recent drastic cuts to the feed-in tariff will require the project to be completed by the end of June. Conergy will act as main contractor and will be responsible for the installation of the park as well as the supply of Conergy components.
Hoku Corporation released a statement advising of the current state of the company, which included a confirmation that it had stopped all construction activity for its Hoku Materials polysilicon production site, which is not yet in commercial operation. As of March 31, the company estimates that it had nearly US$7.7 million in cash and US$278.8 million in liabilities, including US$74.4 million in accounts payable at Hoku Materials.
centrotherm photovoltaics advsied that it had begun industrial-scale production of its high-efficiency centaurus solar cell for customers in China and Europe. Over 50MW of the centaurus technoloy are in ramp-up mass production with the company noting that it has received interest from various of its existing customers.
Martifer Solar revealed that its PV modules, which use Saint-Gobain Solar’s SolarBond InFrame technology, have passed the set criteria for IEC61215 acceptance, which regulates the safety performance of crystalline silicon terrestrial PV modules. SolarBond is a single component reactive compound, which applied warm fills the aluminum channel completely in order to cut down the risk of water collection in a frame’s corners.
eSolar and Sanmina-SCI advised that they had entered a partnership that will combine the companies’ proficiency in solar thermal energy solutions, local content-optimized component design and manufacturing for utility-scale power plants. Sanmina-SCI noted that it plans to work with eSolar to enhance the company’s solar collector system product offering, which is currently being used in operating CSP facilities.
Developments in the South American market, particularly in Brazil, have created such a buzz that it will play host to Intersolar’s first South America Summit in São Paulo in August 2012. Countries in the region are seeing dramatic increases in energy consumption of up to 30% per year, chiefly as a result of industrial development. At the same time, in nations such as Brazil, solar power is currently on the brink of grid parity.
