Company says revenue will be in line with forecast, but subsidy cuts in Europe, an inventory writedown, contract cancellations, and a panel shifting strategy all cause a Q2 loss.
ET Solar Group announces a $50M common equity issuance to an existing ET Solar investor; company has raised about $100M to date.
German solar manufacturer Scheuten Solar installed 20MW of projects in first half of 2011; company operates in Europe and the U.S. while opening a new sales office this year in the UK.
New Energy World
Solar inverter companies SatCon and Advanced Energy Industries along with polysilicon company Daqo New Energy say they wouldn't meet previous earnings guidance; SatCon also reduces workforce 15%.
Company announced it received orders worth $81.7M for polysilicon production equipment from two Asian customers that will be included in Q1 backlog; this follows GT's largest order last week of $460M.
Solar farm developer BlueChip Energy is looking for 20MW of solar modules to use in their 40MW Sorrento Solar Farm project in Florida; company has already contracted for 20MW of modules.
Cenergy Power installs two PV systems, a 1.12MW carport/ground-mount and a 560kW ground mount, for Setton Pistachio at their 300,000 sq-ft pistachio processing facility in Terra Bella, CA.
The Mini-inverter has 4 input channels and 4 pairs of DC wires that connect to 4 solar panels, CyboInverters can perform Maximum Power Point Tracking for each connected panel.
The state is offering aggressive incentives for companies looking to locate in Arizona; incentives include tax credits, grants, and business tax reductions.
Helios will manufacture and supply solar panels to Arista Power for use in its products and for resale; Arista will also distribute Helios's products to the U.S. military.
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