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| Finance & economics |
| Yingli achieves positive operating result for the first time since Q2 2011 |
Yingli expects to ship 3.30 to 3.35 GW of PV modules in full year 2014.
© Yingli Green Energy Spain S.L.U | 26.11.2014: Chinese solar manufacturer Yingli Green Energy Holding Co. Ltd. successfully reduced its losses in the third quarter of 2014 despite recording a drop in revenue. Revenue for the latest quarter came to 3,385.2 million CNY ($550.9 million), with the majority of total revenue, 3,180.8 million CNY, coming from the sale of PV modules. Yingli recorded total revenue of 3,649.4 CNY for the third quarter of 2013. Total PV module shipments during the latest quarter came to 903.4 MW, including 109.0 MW for PV systems used in the company's own downstream power plants in China. Revenue was not recognized for the 109.0 MW of internal shipments. Gross margin was 20.9% in the third quarter of 2014, substantially improved from 15.6% in the second quarter of 2014 and 13.7% in the third quarter of 2013. The significant increase of gross margin was primarily due to the decreased cost of PV modules as a result of the company's efforts to reduce production costs for all stages of module manufacturing. Operating income for the latest quarter was 199.7 million CNY, a significant improvement over the 70.3 million CNY loss Yingli recorded for the third quarter of 2013. Net loss was reduced to 122.8 million CNY from a loss of 235.6 million CNY a year earlier. Yingli CEO Liansheng Miao noted that operating income for the third quarter of 2014 was positive for the first time since the second quarter of 2011. Yingli has revised its module shipment target for full year 2014. The company now expects 2014 shipments in the range of 3.30 to 3.35 GW (including 200 to 240 MW for PV systems), which represents an increase of 3.0% to 4.6% compared to fiscal year 2013. Yingli has been expanding into the development business in recent quarters. The company's PV project pipeline currently stands at about 1.4 GW. These projects are at various stages in the approval process and are located across a dozen provinces in China. During the third quarter, the company started construction on approximately 185 MW of PV projects, and as of Sept. 30, the company had 340 MW of projects under construction. In the fourth quarter, the company plans to start constructions on 50 to 60 MW of additional PV projects. © PHOTON http://www.yinglisolar.com http://ir.yinglisolar.com/phoenix.zhtml?c=213018&p=irol-newsArticle_Pr
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| Markets |
| Emerging economies will drive solar growth in the coming years, GlobalData |
| 26.11.2014: Global cumulative installed PV capacity will more than treble from 135.66 GW in 2013 to 413.98 GW by 2020, according to research and consulting firm GlobalData. The company's latest report finds that emerging economies in the Asia-Pacific region, South and Central America and the Middle East and Africa are expected to be the major markets in the future due to an increasing focus on renewable energy proliferation to fuel economic growth. Swati Singh, GlobalData analyst covering power, explains: »Asia-Pacific is home to many developing countries, including India and China, where substantial installations are being made. The region is also a leading area for solar energy systems production, with Japan, China and Taiwan being three of the largest solar PV cell manufacturers in the world. Governments in the region are promoting solar module manufacturing through various long-term policies, financial incentives, subsidies and tax benefits. This strong commitment to solar energy development has led to numerous research and development initiatives and increased solar module production and installations, which will drive future market growth.« © PHOTON http://www.globaldata.com Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/89779.pdf | |
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| Finance & economics |
| Comtec Solar reports sharp drop in revenue |
Comtec produces monocrystalline wafers at its factory in China.
© Comtec Solar Systems Group Limited | 26.11.2014: Chinese monocrystalline wafer manufacturer Comtec Solar Systems Group Ltd. reported a significant drop in revenue for the third quarter of 2014. Turnover for the period was 158.8 million CNY ($25.8 million), down considerably from 242.9 million CNY for the same period of 2013. Consolidated gross profit also decreased from 17.2 million CNY in the third quarter of 2013 to 11.7 million CNY in the latest quarter, while net loss fell from 7.6 million CNY to 5.2 million CNY. Comtec integrated diamond wire saws into its slicing process during the quarter to improve manufacturing efficiency. © PHOTON http://www.comtecsolar.com http://www.hkexnews.hk/listedco/listconews/sehk/2014/1121/LTN201411216
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| Finance & economics |
| Shikun & Binui's solar business sees revenue more than halved |
| 26.11.2014: Israeli construction company Shikun & Binui reports that it renewable energy business registered a significant decline in revenue in the first three quarters of 2014 due to a sharp reduction in the number of PV facilities built. The group's Renewable Energy division registered revenue of 90 million ILS ($23.3 million) for the first 9 months of this year, down sharply from 207 million ILS for the same period of 2013. The segment's operating profit for the reporting period totaled 12 million ILS compared with 17 million ILS for the same period of 2013. Revenue for the third quarter alone came to 23 million ILS, down from 24 million ILS a year earlier. Total group revenue for the first 9 months of 2014 came to 4,441 million ILS, down from 4,665 ILS a year earlier. Operating profit for the period reached 438.196 million, down from 681.379 million. In October 2014, Shikun & Binui renewed its commitment to sell its rights in a number PV plants totaling 24 MW. If and when the transaction is completed, the company expects to record pre-tax income of approximately 100 million NIS. © PHOTON http://www.kusi.com http://www.kusi.com/story/27468869/shikun-binui-announces-financial-re
sults-for-q3-first-nine-months-of-2014 | |
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| Business |
| 8minutenergy and Gestamp to build 30 MW PV plant in California |
| 26.11.2014: US solar developer 8minutenergy Renewables LLC and Gestamp Solar, the solar subsidiary of Gestamp Renewables, which is itself a division of Spain's Gonvarri Steel Industries, have secured a 25-year PPA for the Midway III Solar Farm, a 30 MW (AC) PV power plant the companies are jointly developing in Imperial County, California. Power generated by the facility will be delivered to California utility Imperial Irrigation District (IID). The Midway III Solar Farm project is sited on 221 acres of low-productivity farmland and will use solar trackers. Construction of the facility is projected to begin in late 2015, with the site expected to be operational and delivering power to the IID grid by the latter half of 2016. © PHOTON http://www.8minutenergy.com http://www.8minutenergy.com/news/press/midway3 | |
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| Business |
| Aljaval to build 30 MW PV plant in Mexico |
| 26.11.2014: Spain-based energy company Aljaval announced that Mexico's Energy Regulatory Commission (CRE) has approved the Torreoncitoes Solar PV project, a 30 MW solar park the company intends to build in Chihuahua State in the second half of 2015. The PV plant will rely on single-axis solar trackers and 137,952 240 W PV modules provided by unnamed manufacturers. The plant will be constructed by SDC Enegreen Aljaval, a common subsdiary of Mexican renewable energy company Energreen and Aljaval, and other undisclosed local partners. © PHOTON http://www.energia-aljaval.com Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/89755.pdf | |
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| Business |
| Athos Solar and Bejulo to build 16.3 MW PV project in the UK |
| 26.11.2014: German solar companies Athos Solar GmbH and Bejulo GmbH have signed an agreement with an unnamed entity to build a 16.3 MW PV power plant in the UK. According to Athos Solar, the project is part of a 34 MW PV project that is scheduled to be completed by the end of March 2015. The PV plant will rely on mounting systems provided by Schletter, inverters from German producer SMA Solar Technology and PV modules from Chinese-Canadian manufacturer Canadian Solar. The company did not say how much will be invested in the project. © PHOTON http://www.athos-solar.de Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/89756.pdf | |
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| Business |
| Big Sun provides Xinjiang TBEA with trackers for 100 MW Chinese solar project |
| 26.11.2014: Taiwan-based solar cell and tracker manufacturer Big Sun Energy Technology Inc. will supply its iPV Solar Trackers for a 100 MW PV project being built in China's Xinjiang Uyghur Autonomous Region by Chinese state-owned EPC contractor TBEA Xinjiang New Energy Co. Ltd. The first batch of iPV Solar Trackers has been delivered, and installation is scheduled to be completed toward the end of November 2014. TBEA Xinjiang is building the $200 million Willow Springs Farm PV Project in Awat County for regional government agency Xinjiang Production and Construction Corps 13th Division. Construction of the project is expected to be completed by the end of this year. Big Sun notes that its tracker technology was selected because of its ability to withstand extreme climate and environmental challenges: Awat County's high altitude terrain experiences heavy sandstorms, abundant snow and wide temperature variances. © PHOTON http://www.bigsun-energy.com Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/89759.pdf | |
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| Markets |
| European Commission approves German aid scheme for renewable energy; orders partial payback |
| 26.11.2014: Following an in-depth investigation, the European Commission has concluded that aid granted for the production of energy from renewable energy sources under the German Renewable Energy Act of 2012 (EEG) was in line with EU state aid rules. The Commission has also approved the majority of reductions granted to energy-intensive companies on a surcharge to finance the support for renewables. This surcharge was imposed on electricity suppliers and passed on to end consumers (EEG-surcharge). However, a limited portion of the reductions for energy-intensive companies exceeded what is permitted under EU state aid rules. The beneficiaries now have to pay this excess back to remedy the distortion of competition. The recovery only concerns 2013 and 2014. Commissioner Margrethe Vestager, in charge of competition policy, said: »I want to strike a balance between several needs: to promote renewable energy and ensure its stable financing. At the same time we need to make sure that contribution by SMEs and consumers is fair, and that we protect the competitiveness of European industry. Today's decision achieves this.« © PHOTON http://ec.europa.eu/index_en.htm Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/89776.pdf | |
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| Business |
| JX Energy to develop four PV projects totaling 6.9 MW in Japan |
| 26.11.2014: Japan's largest oil refiner JX Nippon Oil & Energy Corp. plans to develop another four PV power plants in Japan with an aggregate installed capacity of 6.9 MW. The four power plants consist of a 2.5 MW solar park in Akita Prefecture, a 2.0 MW plant in Ibaraki Prefecture, a 1.3 MW array in Hiroshima Prefecture and a 1.1 MW system in Saitama Prefecture. The Ibaraki plant is scheduled to come online in October 2015, the Akita plant in November 2015 and the two smaller plants in March 2016. The company did not say how much it would invest in the projects and did not provide any information on equipment suppliers. JX Energy has already completed six PV power plants in Japan totaling approximately 11.8 MW and has four projects under construction. The under-construction projects consist of a 2.1 MW plant in Ehime Prefecture, a 1.4 MW plant in Kagawa Prefecture, a 12.0 MW plant in Okinawa Prefecture and a 1.0 MW plant in Oita Prefecture. The Ehime and Kagawa plants are due to come online in December 2014, while the other two plants are scheduled to begin operation in March 2015. © PHOTON http://www.noe.jx-group.co.jp http://www.noe.jx-group.co.jp/newsrelease/2014/20141125_01_0960765.htm
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| Business |
| Yingli provides Solarcentury with 72 MW of modules |
The Yingli modules will be used for various projects being built across the UK.
© Rolf Schulten / photon-pictures.com | 26.11.2014: Chinese solar company Yingli Green Energy Holding Co. Ltd. has agreed to supply UK solar developer Solarcentury Holdings Ltd. with 72 MW of multi- and monocrystalline modules for PV projects Solarcentury is building across the UK. The approximately 168,000 solar panels will be delivered by the end of this year. Yingli did not say for which Solarcentury projects the modules would be used. In early November, Solarcentury secured planning permission to build a 28 MW solar park in Nottinghamshire, England. Construction on the Walkers Wood solar park is expected to begin by the end of this year. The PV plant will be built across 57.4 hectares of private land near the town of Ranby. In October, the company was selected by British solar company Primrose Solar to construct a 48 MW PV power plant in Fareham, Portsmouth, England. © PHOTON http://www.yinglisolar.com http://ir.yinglisolar.com/phoenix.zhtml?c=213018&p=irol-newsArticle_Pr
int&ID=1992700 | |
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| Business |
| Three investors interested in acquiring Italian module maker Solsonica |
Solsonica's module factory at Città Ducale, central Italy
© Simone Schiavon / photon-pictures.com | 26.11.2014: Italy's Ministry of Economic Development (MiSE) revealed that three separate entities have expressed interest in acquiring Italian module maker Solsonica SpA, a subsidiary of semiconductor manufacturer EEMS Italia SpA. The ministry, however, said that none of the potential investors has presented a formal industrial plan for the company following a takeover, and it stressed that it would only evaluate offers for the company after it had all necessary documentation, including an industrial plan. In its financial results for the first half of 2014, Solsoncia said that a failed agreement with its lenders had prevented the company from reaching higher production volumes and sales. The company has been looking for a strategic partner in recent months in order to maintain its business operations. © PHOTON http://www.sviluppoeconomico.gov.it Die vollständige Pressemitteilung finden Sie auch im PHOTON-Archiv unter folgendem Link:
http://www.photon.info/newsletter/document/89758.pdf | |
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| Science & technology |
| Fraunhofer CSE unveils new plug and play PV system in Massachusetts |
| 26.11.2014: The Fraunhofer Center for Sustainable Energy Systems (CSE) successfully completed the first public installation and interconnection of its Plug and Play PV System, a residential rooftop PV system designed to be easy to use and install in order to encourage the adoption of rooftop solar. The full-scale installation and commissioning of the PV system was done in just one hour. The demonstration installation was installed in Massachusetts. Funded by the US Department of Energy's SunShot Initative, the Plug and Play System is a holistic approach to residential PV that, according to CSE, will help reduce the total installed costs of solar electricity to $1.50 per W by 2020 from roughly $4.00 per W today. Incorporating innovative technologies with a PV system architecture that simplifies interconnection, permitting and inspection, Fraunhofer CSE developed a system design that addresses all aspects of the solar purchasing and installation process. »What is particularly unique about this project is that it doesn't just stop at technology development but is a comprehensive approach, including integration with the utilities and jurisdictions,« said Christian Hoepfner, center director of Fraunhofer CSE and principal investigator on the Plug and Play PV project. Fraunhofer CSE has been working closely with a number of commercialization partners and other stakeholders, including the City of Boston, local Massachusetts jurisdictions and New England utilities Northeast Utilities, National Grid and Green Mountain Power. The project's next focus will be on the demonstration of a commercial-ready system in 2015. © PHOTON http://cse.fraunhofer.org http://www.prnewswire.com/news-releases/fraunhofer-cse-completes-first
-installation-and-commissioning-of-their-plug-and-play-solar-pv-system
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