PV installations to reach 24 GW in 2011; Italy to take the lead
New research has revealed that newly added global photovoltaic capacity will grow from 19 gigawatts (GW) in 2010, to reach 24 GW this year. Meanwhile, Italy will overtake Germany to become the worlds leading country in terms of installed capacity.
Solons financials hit by solar slowdown
Germany-based Solon has also suffered from the downturn in the global solar market. In the first nine months of 2011, it recorded losses across the board. In particular, the companys EBIT was significantly affected.
Potential of job creation highlighted at Solarcon India 2011
The third Solarcon India has wrapped up in Hyderabad. One of the key takeaways from the event, held from November 9 to 11, is the great potential for job creation through American-Indian collaboration. Meanwhile, the looming European debt crisis made its presence felt.
Q-Cells: 250 employees to go; CFO resigns
Following a hard year for the German photovoltaic company, Q-Cells has announced that 250 of its employees will be let go by the end of the year. Meanwhile, CFO Marion Helmes has announced her resignation, effective today, November 14. Third quarter (Q3) financial results are also weak.
Sunways full year outlook bleak
In line with many of its German peers, Sunways has reported strong international sales. However, due to the damp solar market, the company has suffered from falling financial figures, leading it to post a bleak outlook for the full year 2011.
SolarWorld suffering from weak market
While SolarWorld may have slightly increased its solar module shipments from last year, revenue has dropped. Meanwhile, the companys EBIT more than halved and consolidated net income suffered significant losses, leading to a lowered full year guidance.
JinkoSolar revises Q3 and full year guidance downwards
Another casualty of 2011, JinkoSolar has revised both its third quarter (Q3) and full year 2011 guidance downwards.
Taiwanese cell manufactures set to benefit from US-China trade dispute
Taiwanese solar cell manufacturers are likely to benefit from the U.S.-China trade debate, if countervailing duties are imposed as early as March 2012. Meanwhile, following the first hearing by the International Trade Commission (ITC), the dispute was expanded to include solar cells. Word on the street is that SolarWorld is just on a marketing jaunt and could face a U.S. backlash.
IEA sends stark warning
The International Energy Agency (IEA) has sent a stark warning to the international community regarding the worlds energy future.
Equipment suppliers hit hard
Suspensions or cancellations in photovoltaic manufacturing capacity expansions or new plant builds are hitting equipment suppliers hard, in a new analysis from Solarbuzz.
