In what seems to be the overriding trend for photovoltaics companies in the first quarter of 2011, the Renewable Energy Corporation (REC) has reported decreased revenues due to weakened demand.
Daqo New Energy Holdings (Canada) Ltd and JNE Solar Inc. have announced they are to build and operate a photovoltaic module production facility in Hamilton, Ontario.
Suntech Power Holdings Co., Ltd is to supply Indian company SunBorne Energy with 100 megawatts (MW) of solar modules over the next two years. They will be used for projects in India.
Public Service Electric and Gas Company (PSE&G) and Matrix Development Group have completed two New Jersey rooftop solar installations worth 2.8 megawatts (MW).
Silfab Ontario Inc. and Agris Solar Co-operative Inc. have signed an agreement, under which Silfab will supply Agris with 9.3 megawatts of solar modules over the next year.
Centrosolar Group AG has commissioned its first Asian anti-reflective (AR) coating line in Huzhou, China.
Constellation Energy has acquired a 30 megawatt (MW) DC (25 MW AC) solar project from Belectric, Inc. Currently under construction, it is scheduled to be commercially operational by the end of the year.
Enecsys Limited has secured £25 million ($41 million) in equity financing. The company says it will use the money to further develop its photovoltaic micro inverter business and expand its global presence.
Gehrlicher Solar AG has completed a 3.1 megawatt photovoltaic rooftop project in Saxony-Anhalt, Germany.
A new report has forecast a bright future for photovoltaics, as long as government policy remains advantageous for the industry. Meanwhile, 100 gigawatts (GW) of installed capacity could be reached by 2013, but Europes current foothold is expected to slip.
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