Personal Newsletter for Monty Bannerman | | from 15.11.2011 |
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Asia |
Jinko downgrades guidance |
14.11.2011: Chinese photovoltaic (PV) product manufacturer JinkoSolar Holding Co., Ltd. downgraded its guidance for fiscal year 2011, stating that it expects lower revenues and shipment volume than previously forecast. The company estimates module shipments for the year will reach approximately 770–800 MW, down from the company's previous guidance of between 950 MW and 1 GW. The company blames weak demand and declining average selling prices throughout the solar supply chain for the lower shipment volumes and revenues. During the last three weeks, First Solar, Trina Solar and Yingli Energy also downgraded their guidance. ... Source: JinkSolar Holding Co., Ltd.; Summary: PHOTON http://www.jinkosolar.com http://phx.corporate-ir.net/phoenix.zhtml?c=234421&p=irol-newsArticle_
Print&ID=1629937&highlight= The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56513.pdf |
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North America |
ECD reports heavy losses during the last quarter |
14.11.2011: Solar laminate manufacturer Energy Conversion Devices Inc. (ECD) announced the results of its first quarter of fiscal year 2012. The company reports a net loss of $57.5 million for the quarter, compared to a net loss of $15.4 million for the first quarter of 2011. Revenues for the quarter were $22 million, down from $65.3 million in the same period last year. Last week, ECD announced that it has suspended manufacturing operations at all three of it plants as part of an inventory control measure. The company stated that production will resume after existing inventory has been sold and after the solar market has improved. ECD said that it is reassessing every aspect of the company's strategy as part of it ongoing corporate restructuring plan. … Source: Energy Conversion Devices Inc.; Summary: PHOTON http://www.energyconversiondevices.com http://investor.shareholder.com/ovonics/releasedetail.cfm?ReleaseID=623708 The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56533.pdf |
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North America |
Greg Wilson to lead National Center for Photovoltaics |
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Asia |
LDK Solar downgrades guidance for the third quarter and fiscal 2011 |
14.11.2011: Chinese photovoltaic (PV) product manufacturer LDK Solar Co., Ltd. downgraded its guidance for the third quarter of 2011 and for fiscal year 2011. LDK Solar now expects to report revenues of $460 to $470 million for the quarter, down from a previous forecast of $630 to $680 million. For fiscal year 2011, LDK Solar now forecasts revenues of $2.2 to $2.25 billion. Previous guidance suggested revenue would be between $2.5 and $2.7 billion. The company's revised fiscal 2011 guidance estimates that wafer shipments will be between 285 and 290 MW for the quarter and between 1.55 GW and 1.65 GW for the year. Third quarter module shipments are expected to be between 185 MW and 190 MW, while the annual total will be between 550 MW and 650 MW. … Source: LDK Solar Co., Ltd.; Summary: PHOTON http://www.ldksolar.com http://investor.ldksolar.com/phoenix.zhtml?c=196973&p=irol-newsArticle
&ID=1630148&highlight= The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56532.pdf |
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Europe |
Q-Cells reveals wider-than-expected loss |
14.11.2011: German photovoltaic (PV) module maker Q-Cells SE reported that in the third quarter of 2011, losses before interest and taxes (EBIT) reached €47.3 million. In comparison, the operating profit for the third quarter of 2010 was €36.7 million. Revenues for the third quarter of 2011 were €228.8 million, down from €401.6 million last year. Q-Cells expects that it will achieve revenues of about €1 billion in fiscal year 2011, but its operating result will be in the negative three-digit million euro range. Q-Cells also revealed tha it is struggling with liquidity problems and that it might not be able to fully repay a convertible bond due in February 2012. The cell and module maker also announced that Marion Helmes resigned as chief financial officer. ... Source: Q-Cells; Summary: PHOTON http://www.q-cells.de http://www.q-cells.com/en/press/article//Q-Cells-presents-report-for-Q
3-2011.html The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56525.pdf |
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Europe |
SolarWorld sales and profits fall |
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Europe |
Sunways reports third quarter losses |
14.11.2011: German photovoltaic (PV) module maker Sunways AG reported that in the third quarter of 2011, its losses before interest and taxes (EBIT) reached €11.8 million. In comparison, the operating profit for the third quarter of 2010 was €4 million. Revenues for the quarter reached €23.3 million, compared to €58.4 million for the same period in 2010. In the third quarter, the company shipped 11.4 MW of solar modules, worth €14 million. In the same quarter last year, the company shipped 11.3 MW of modules, but the value of those modules was €19.6 million. The company said the ongoing public debate concerning the future of solar subsidies and the deepening debt crisis in several European countries has led to a noticeable reluctance among consumers and investors in Europe. ... Source: Sunways AG; Summary: PHOTON http://ww.sunways.eu http://www.sunways.eu/en/company/press/releases/2011/11-11-14.html The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56534.pdf |
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South America |
Cemig to start construction of 3 MW Brazilian PV project in January |
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Europe |
ForVEI buys two Italian solar farms for €33 million |
14.11.2011: Investment company ForVEI has acquired two photovoltaic (PV) plants in the Italian region of Piedmont from Spanish solar energy developer OPDE. The transaction cost €33 million ($45 million) and will add 7.93 MW to ForVEI's PV portfolio. The two plants rely on Trina and Canadian Solar PV modules, SMA inverters and Mecasolar single-axis solar trackers. In September, ForVEI, a joint venture of Palladio Finanziaria SpA, Assicurazioni Generali SpA, Intesa Sanpaolo SpA, Quercus Asset Selection Sarl and Foresight Solar VCT plc, acquired three Italian PV plants with a joint capacity of 13.2 MW from OPDE. … Source: OPDE; Summary: PHOTON http://www.opde.net http://www.opde.net/_bin/noticia.php#n152 The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56481.pdf |
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Europe |
Universal Sun and trs energies plan 2.9 MW of rooftop PV in Sardinia |
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Europe |
Senersun to increase solar panel production capacity |
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