Tuesday, November 15, 2011

FW: PHOTON Newsletter from November 15, 2011

Lots of news of demand falling.

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

From: newsletter@photon-international.com [mailto:newsletter@photon-international.com]
Sent: Tuesday, November 15, 2011 7:16 AM
To: mbannerman@arcstarenergy.com
Subject: PHOTON Newsletter from November 15, 2011

 

Personal Newsletter for Monty Bannerman

from 15.11.2011


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

 



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

 


North America

Greg Wilson to lead National Center for Photovoltaics

11.11.2011: Gregory M. Wilson has been appointed director of the National Center for Photovoltaics (NCPV) at the US Department of Energy's (DOE) National Renewable Energy Laboratory (NREL), effective Nov. 28. Wilson previously served as director of business development at wafer manufacturer MEMC. … Source: National Center for Photovoltaics; Summary: PHOTON

http://www.nrel.gov

http://www.nrel.gov/news/press/2011/1647.html

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56511.pdf

 


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

 


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

 


Europe

SolarWorld sales and profits fall

14.11.2011: German solar company SolarWorld AG reported that in the third quarter of 2011, its earnings before interest and taxes (EBIT) reached €20.6 million, down from €49.8 million in the third quarter of 2010. Revenues for the quarter were €237.8 million, compared to €342.1 million in 2010. CEO Frank Asbeck said the company's weaker results were due in part to price declines caused by market oversupply, which Asbeck claimed was mainly from state-subsidized low-price providers. Despite the deterioration of the global solar market, SolarWorld estimates that its revenues for fiscal year 2011 will exceed €1 billion. … Source: Solar World AG; Summary: PHOTON

http://www.solarworld.de

http://www.solarworld.de/en/press/news/corporate-news-ad-hoc/single-an
sicht/article/translate-to-english-solarworld-ag-steigert-absatzmenge-
im-stagnierenden-gesamtmarkt/

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56526.pdf

 


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

 


South America

Cemig to start construction of 3 MW Brazilian PV project in January

11.11.2011: Brazilian energy company Cemig and Spanish photovoltaic product manufacturer Solaria announced that construction of a 2.95 MW pilot PV project, to be located in the Brazilian state of Minas Gerais, will start in January. Cemig stated that the installation, which is scheduled to be completed by April 2012, is a pilot project that will enable the energy company to evaluate how it will incorporate solar into its energy mix. … Source: Cemig; Translation and summary: PHOTON

http://www.cemig.com.br

http://www.cemig.com.br/SalaDeImprensa/Paginas/CemigConstroiUsinaSolar.aspx

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56521.pdf

 


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

 


Europe

Universal Sun and trs energies plan 2.9 MW of rooftop PV in Sardinia

14.11.2011: German investment company trs energies GmbH and Italian renewable energy company Universal Sun Srl will jointly develop a 2.9 MW photovoltaic (PV) project in Sardinia, Italy. Under the agreement, Universal Sun will install and maintain four rooftop PV installations for trs energies. The installations are expected to be connected to the grid in the first half of 2012. ... Source: Universal Sun; Summary: PHOTON

http://www.universalsun.it

http://www.universalsun.it/press/novita.htm

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56499.pdf

 


Europe

Senersun to increase solar panel production capacity

14.11.2011: French photovoltaic (PV) module manufacturer Senersun announced that it has entered into an agreement to acquire a stake in Shinew Photoelectronic Technology for an undisclosed amount. The deal will enable Senersun to increase its manufacturing capacity of PV modules. The company stated that despite poor global demand for PV modules, Senersun has been growing steadily over 2011. ... Source: Senersun; Summary: PHOTON

http://www.senersun.com

http://senersun.com/sites/default/files/Senersun%20aquires%20stake%20i
n%20Shinew%20Photoelectronic%20Technology.pdf

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/56531.pdf

 


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