Trina Solar profits despite the downturn
Vertically integrated manufacturer Trina Solar has continued to operate profitably, after today reporting an operating income of USD$32.8 million for the second quarter (Q2) of 2011. Module shipments worth 396 megawatts (MW) were also reported.
Meyer Burger continues strong year
Upstream photovoltaic equipment manufacturers Meyer Burger Technology Ltd. has continued its strong start to 2011, posting a strong second quarter (Q2) earnings before interest, taxes, depreciation, and amortization (EBITDA) margin.
Despite losses, Suntech increases Q2 shipments
Like many of the photovoltaic module manufacturers, Suntechs balance sheets have been hit hard by falling prices and an unsettled market. Despite this, the company says it has upped its shipping ante.
US: 2 MW project for low-income families
In what is believed to be the countrys largest publicly funded photovoltaic installation for affordable housing, the Housing Authority of the County of Santa Barbara (HACSB) has installed residential solar systems for 863 low-income housing units. The project cost USD$12.25 million.
LDK revises down Q2 guidance
In more disappointing photovoltaic financials, Chinese manufacturer LDK Solar has revised down its second quarter (Q2) guidance for gross revenue by around $250 million, squeezing gross margins to only around two percent.
Yingli PV module shipments reach record high
Yingli Green Energy Holding Company Limited has enjoyed a successful second quarter (Q2) having recorded high shipping volumes and revenues. As such, the company has reiterated its shipping guidance and ramped up capacity.
Q2 results signal turning point for China Sunergy
Solar cell and module producer China Sunergy has posted a USD$16.9 million second quarter (Q2) loss, representing a net margin of negative 11.7 percent. The company did not meet the low end of its revised shipment guidance of 100 megawatt (MW) for the quarter.
Interview: Suntech founder outlines PV strategy going forward
Hitherto focused on Europe, which accounted for 66 percent of its revenue in 2010, Suntech Power is diversifying its strategy, betting big on the U.S., Asia Pacific, the Middle East and Africa. In an exclusive interview, Zhengrong Shi, founder and CEO talks to pv magazine about the companys latest plans.
Updated: 500 MW Blythe project abandons CSP in favor of PV
The first 500 megawatt (MW) phase of the one gigawatt Blythe solar project will be converted to use photovoltaics instead of concentrated solar power (CSP).
Indias Karnataka invites solar bids worth 80 MW
The Indian state of Karnataka is inviting bids for solar projects worth 80 megawatts (MW). A draft of the power purchase agreements (PPAs) offered under the policy has also been released. Criticism is aimed at both the lack of experience required for developers, and the benchmark tariffs set.
