Cited as one of its largest single investments in manufacturing facilities in the long history of the company, Bosch is planning to invest over €520 million in a new fully-integrated solar module manufacturing plant in Batu Kawan, Penang, Malaysia. Construction is expected to start by the end of 2011 with production scheduled to have begun by the end of 2013. When fully ramped in 2014, capacity is expected to reach a combined 640MW. The company noted that it still expects sales to pass the €1 billion level this year.
M+W Group has established a new subsidiary in Dresden: M+W Integrated Solutions, which will cater to the high-tech service business in Europe. The new subsidiary will support its customers with services such as plant reconstruction and extension, installation, commissioning and service for high-tech equipment and certification and acceptance testing.
Henan Sungen Solar Fab, a subsidiary of Anwell Technologies, has secured funding totalling more than US$100 million to help expand its thin-film production capacity in China. Financial backing came from the Municipal Government of An Yang City in Henan Province.
In the fifth award announcement regarding a solar project or company this week, the US Department of Energy said it has offered a conditional loan guarantee commitment of $150 million to 1366 Technologies to help the Lexington, MA-based silicon PV innovator to scale and expand manufacturing of its DirectWafer technology. The company plans to use the funds to bring its first plant, a 20MW facility in Massachusetts, online in 2013, and then to begin construction on a second 1GW plant that same year in an as-yet undetermined US location.
Microinverter firm, SPARQ, headquartered in Kingston, Ontario is to have its new microinverters and communications hubs for PV systems manufactured by Sanmina-SCI at its Ottawa facility, which is certified for Ontario's Feed-in Tariff (FIT) program, and at Sanmina-SCI's worldwide regional facilities for global distribution.
South Korea’s biggest chemicals manufacturer, LG Chem, is planning to spend ? 491 billion (US$455 million) on its first polysilicon plant as it looks to take its first step into the PV industry. The facility, located in Yeosu in southwest Korea, will have the capacity to produce 5,000 metric tonnes of polysilicon per year. LG Chem’s board approved the construction plan on Thursday and it has penciled in a completion date of late 2013.
A period of equipment digestion or what's known as a reset could be at play after aggressive capacity expansions across the PV supply chain in 2010, according to the PV book-to-bill analysis featured in the forthcoming "Solarbuzz PV Equipment Quarterly" report. According to Finlay Colville, senior analyst at Solarbuzz, the PV book-to-bill is forecast to dip sharply below parity before rebounding in Q4’11.
Despite a swathe of competitors experiencing a significant fall in demand for modules in the first quarter, Canadian Solar would seem to have bucked the trend and guided robust sales in the second quarter resulting in sell-out shipments during its recent first quarter analyst call. In that call, Dr. Shawn Qu, Canadian Solar’s Chairman and Chief Executive Officer highlighted plans for a new 600MW solar wafer plant that would that would be run as a joint venture operation to reduce capital outlay.
The nascent solar arm of electronics giant, Samsung has been shuffled into subsidiary, Samsung SDI, known originally for flat panel display manufacturing but more recently for lithium ion battery manufacturing. Samsung said that the transaction, valued at approximately US$148 million was to ‘manage the company’s resources more efficiently and focus more on its key businesses.’Samsung SDI will take over the solar cell business on July 1, 2011.
