Centrotherm photovoltaics AG has announced that its thin-film sector has been successfully Centrotherm patent will be based on the equipment and technology conversion efficiency of thin film solar cells to 13%. The results of the process was also used for large-scale mass production, and it is expected that the 1.5m ² for the manufacture of thin film components of the turnkey lines can reach 12% efficiency.
Centrotherm photovoltaics solar silicon, crystalline silicon thin-film CIGS solar cells and components of the production equipment and technology providers, is committed to the film sector to reduce the cost per watt of solar cells. Centrotherm have in the CIGS thin-film technology leading conversion efficiency, can provide customers high-efficiency, lower production costs. In addition, with other manufacturing techniques, the new manufacturing process for CIGS components of the process does not require toxic gases.
"Has been obtained in the laboratory, the efficiency of thin-film components demonstrated the potential advantages of the technology. However, the current challenge is how to make the technology from the laboratory into mass production in large-scale," Centrotherm photovoltaics's CTO Peter Fath Dr.说. "We in the CIGS technology has the advantage of being simple and robust process management, and easy to choose from small-volume production line process into more steps."
Centrotherm photovoltaics Group Blaubeuren have CIGS a complete production line, from 2008 pre-production film components 0.1m ², and R & D experimental film here.
Blaubeuren experts from the use of 1.5m ² of photovoltaic components, because it can target to achieve the optimal efficiency of production and assembly costs, and thus enable customers to long-term access to highly competitive production conditions. Components using the glass - the glass sandwich structure, and based on the company's patented two-step process. A first step, remove the metal workshop in the sputtered film. CIGS phase transformation occurred in the second heat treatment steps. Process management enables efficiency was greatly improved and at the same time reducing production costs. "Despite our success is still in its initial stage, but it shows that our R & D investment and expansion of walking in the right direction," Fath said.
Centrotherm over the first set of annual production capacity of 30MW of CIGS thin-film battery turnkey production lines have been a customer in Asia to adopt, and rapid mass production. The goal is that in 2009 the use of 1.5m ² of substrate manufacturing, which will be the first, currently the largest manufacturer in the mass production of CIGS components.
Aug. 11, 2009
CECIC and Suntech Power signed a strategic cooperation agreement
China Energy Conservation Investment Corporation (CECIC) and the world's largest crystalline silicon PV modules manufacturer Suntech Power Holdings Co., Ltd. recently signed a strategic cooperation agreement and plan for the future 5 years to develop solar energy projects.
In this cooperation, CECIC will have primary responsibility for investment and development, Suntech Power is primarily responsible for crystalline silicon photovoltaic cells to provide components, systems design and technical services. The two companies plan to focus on the development of 5 years international, China's domestic large-scale grid projects, the integration of urban construction of photovoltaic (BIPV) projects, in remote areas without electricity independent photovoltaic power generation projects and landscape projects complement each other and the network station.
Wang Xiaokang, general manager of CECIC said that the national and the provincial government introduced policies aimed at the solar renewable energy through the development of environmentally sustainable development to achieve the great goal. Suntech Power and the establishment of the partnership is that we in the implementation of government policies with regard to the important step out. "
Suntech Power, chairman and CEO Shi Zengrong said, "China's energy-saving in the project finance and development experience, combined with Suntech Power efficient solutions for the development of China's solar energy project to build a solid foundation. The use of solar power generation, on the one hand can reduce greenhouse gas emissions, on the other hand, would be able to meet the energy needs of the Chinese market. "
Aug. 9, 2009
In this cooperation, CECIC will have primary responsibility for investment and development, Suntech Power is primarily responsible for crystalline silicon photovoltaic cells to provide components, systems design and technical services. The two companies plan to focus on the development of 5 years international, China's domestic large-scale grid projects, the integration of urban construction of photovoltaic (BIPV) projects, in remote areas without electricity independent photovoltaic power generation projects and landscape projects complement each other and the network station.
Wang Xiaokang, general manager of CECIC said that the national and the provincial government introduced policies aimed at the solar renewable energy through the development of environmentally sustainable development to achieve the great goal. Suntech Power and the establishment of the partnership is that we in the implementation of government policies with regard to the important step out. "
Suntech Power, chairman and CEO Shi Zengrong said, "China's energy-saving in the project finance and development experience, combined with Suntech Power efficient solutions for the development of China's solar energy project to build a solid foundation. The use of solar power generation, on the one hand can reduce greenhouse gas emissions, on the other hand, would be able to meet the energy needs of the Chinese market. "
Aug. 9, 2009
GT Solar International announced the first quarter of fiscal year 2010 report
GT Solar International, Inc. (NASDAQ: SOLR) ( "GT Solar"), a global provider of specialized equipment and technology for the solar power industry, today reported results for its first quarter of fiscal year 2010, which ended June 27, 2009 . Revenue for the first fiscal quarter totaled $ 71.8 million, compared with $ 57.1 million in the first quarter of fiscal year 2009. Revenue for the first fiscal quarter included $ 19.9 million in the PV segment and $ 51.9 million in the polysilicon segment.
Gross profit for the quarter totaled $ 35.0 million, or 49 percent of revenue, compared to $ 24.3 million, or 43 percent of revenue, for the first quarter of fiscal year 2009. Operating margin for the quarter was 21.7 percent, compared to 14 percent in the first quarter of fiscal 2009. The company had net income of $ 7.8 million in the first quarter of fiscal 2010 versus $ 5.1 million for the same quarter of fiscal 2009. Earnings per share in the first quarter on a fully-diluted basis were $ 0.05, versus $ 0.03 for the same quarter last year.
At quarter's end, the company's backlog was $ 1.12 billion, with $ 330 million in the PV segment and $ 785 million in the polysilicon segment. Net bookings for the quarter were $ 9.8 million.
Management Commentary
"We saw a number of positive developments in the first quarter including solid profitability, increases in our cash position and deferred revenue balance, new PV bookings and the acceptance of another GT turnkey wafer fabrication line," said Tom Zarrella, president and chief executive officer . "As planned, we completed shipment of a significant portion of the reactor-based backlog that is expected to be recognized as revenue in the second half of the year.
"The company is focused on improving operating efficiencies, maintaining cash and a strong balance sheet, strengthening customer relationships and ensuring that our R & D continues to advance GT Solar's technology leadership," said Zarrella. "We are confident that, with our cash management practices, lean cost structure, and flexible business model, we will be in a position to deliver enhanced earnings performance when the industry's growth returns. "
Business Outlook
The company indicated today that it is on track with its guidance provided last quarter for fiscal year ending April 3, 2010, for revenue of $ 450 million to $ 550 million and fully-diluted earnings per share of $ 0.45 to $ 0.60.
Conference Call, Webcast
The company will host a live conference call and webcast at 5:00 pm Eastern Time today with Tom Zarrella, president and chief executive officer, and Rich Johnson, vice president of finance.
To listen to the conference call, callers in the United States and Canada may dial 1-888-396-2384. International callers may dial 1-617-847-8711. The conference call passcode is SOLR. A link to the live audio webcast of the company's earnings conference call may be found under 'Events' at http://investor.gtsolar.com/.
A telephone replay will be available through November 4, 2009. To listen to the replay, callers in the United States and Canada may dial 1 - 888-286-8010. International callers may dial 1 - 617-801-6888. The replay passcode is 33310487.
About GT Solar International, Inc.
GT Solar International, Inc. (NASDAQ: SOLR) is a leading global provider of specialized manufacturing equipment and technology essential for the production of photovoltaic wafers, cells and modules and polysilicon utilized in the solar power industry. The company's principal products are directional solidification systems and chemical vapor deposition reactors and related equipment. For more information about GT Solar, please visit the company's website at www.gtsolar.com.
Gross profit for the quarter totaled $ 35.0 million, or 49 percent of revenue, compared to $ 24.3 million, or 43 percent of revenue, for the first quarter of fiscal year 2009. Operating margin for the quarter was 21.7 percent, compared to 14 percent in the first quarter of fiscal 2009. The company had net income of $ 7.8 million in the first quarter of fiscal 2010 versus $ 5.1 million for the same quarter of fiscal 2009. Earnings per share in the first quarter on a fully-diluted basis were $ 0.05, versus $ 0.03 for the same quarter last year.
At quarter's end, the company's backlog was $ 1.12 billion, with $ 330 million in the PV segment and $ 785 million in the polysilicon segment. Net bookings for the quarter were $ 9.8 million.
Management Commentary
"We saw a number of positive developments in the first quarter including solid profitability, increases in our cash position and deferred revenue balance, new PV bookings and the acceptance of another GT turnkey wafer fabrication line," said Tom Zarrella, president and chief executive officer . "As planned, we completed shipment of a significant portion of the reactor-based backlog that is expected to be recognized as revenue in the second half of the year.
"The company is focused on improving operating efficiencies, maintaining cash and a strong balance sheet, strengthening customer relationships and ensuring that our R & D continues to advance GT Solar's technology leadership," said Zarrella. "We are confident that, with our cash management practices, lean cost structure, and flexible business model, we will be in a position to deliver enhanced earnings performance when the industry's growth returns. "
Business Outlook
The company indicated today that it is on track with its guidance provided last quarter for fiscal year ending April 3, 2010, for revenue of $ 450 million to $ 550 million and fully-diluted earnings per share of $ 0.45 to $ 0.60.
Conference Call, Webcast
The company will host a live conference call and webcast at 5:00 pm Eastern Time today with Tom Zarrella, president and chief executive officer, and Rich Johnson, vice president of finance.
To listen to the conference call, callers in the United States and Canada may dial 1-888-396-2384. International callers may dial 1-617-847-8711. The conference call passcode is SOLR. A link to the live audio webcast of the company's earnings conference call may be found under 'Events' at http://investor.gtsolar.com/.
A telephone replay will be available through November 4, 2009. To listen to the replay, callers in the United States and Canada may dial 1 - 888-286-8010. International callers may dial 1 - 617-801-6888. The replay passcode is 33310487.
About GT Solar International, Inc.
GT Solar International, Inc. (NASDAQ: SOLR) is a leading global provider of specialized manufacturing equipment and technology essential for the production of photovoltaic wafers, cells and modules and polysilicon utilized in the solar power industry. The company's principal products are directional solidification systems and chemical vapor deposition reactors and related equipment. For more information about GT Solar, please visit the company's website at www.gtsolar.com.
Vietnam plans to invest 10 billion U.S. dollars building a petrochemical Commonwealth
It is reported that the Vietnamese state-owned oil company Petrovietnam has decided to build the country's largest petrochemical Commonwealth. The consortium will invest more than 10 billion U.S. dollars, will include a refinery and a chemical plant. The first construction work started in 2011, is expected to put into operation in 2014.
Petrovietnam will choose in the autumn of foreign joint venture partners to operate the refinery, chemical plant for the company has decided to Thailand Siam Cement Group and other partners work together to invest in the construction. It was learned that the Commonwealth will be built in about 100 km from Ho Chi Minh City Department of Ba Ria-Vung Tau province of Long Son district.
It is reported that the refinery will be Vietnam's third oil refinery, the design of crude oil processing capacity of 20 million barrels / day of crude oil imports from all. The Commonwealth will produce gasoline, diesel and liquefied petroleum gas. Petrovietnam is currently being conducted with a number of foreign companies to negotiate the final joint. Will in the third quarter or fourth quarter at the end of the beginning of the decision.
At present in Vietnam, almost all of petrochemical products from Singapore, Thailand and Taiwan. Vietnam if the current two existing refineries, and the third set of new oil refineries at full capacity production, Vietnam's petrochemical products needed to achieve self-sufficiency.
Aug. 4, 2009
Petrovietnam will choose in the autumn of foreign joint venture partners to operate the refinery, chemical plant for the company has decided to Thailand Siam Cement Group and other partners work together to invest in the construction. It was learned that the Commonwealth will be built in about 100 km from Ho Chi Minh City Department of Ba Ria-Vung Tau province of Long Son district.
It is reported that the refinery will be Vietnam's third oil refinery, the design of crude oil processing capacity of 20 million barrels / day of crude oil imports from all. The Commonwealth will produce gasoline, diesel and liquefied petroleum gas. Petrovietnam is currently being conducted with a number of foreign companies to negotiate the final joint. Will in the third quarter or fourth quarter at the end of the beginning of the decision.
At present in Vietnam, almost all of petrochemical products from Singapore, Thailand and Taiwan. Vietnam if the current two existing refineries, and the third set of new oil refineries at full capacity production, Vietnam's petrochemical products needed to achieve self-sufficiency.
Aug. 4, 2009
Saudi Aramco oil production in June to reach 12 million barrels per day
Riyadh, July 28 message, the local media today quoted the Saudi Arabia National Oil Company (Saudi Aramco) chief executive officer Khalid Saleh Law as saying that three new oil fields as a result of the project put into production, Saudi Aramco's oil in June Nissan can be reached 12 million barrels a day.
Law Saleh said that the project is one of the Shaybah oilfield expansion project. The other two projects are Nuayyim Rice Hu oil and oil field. Law Saleh said that the decline in global oil demand is temporary, and oil consumption will eventually increase to resume. If the global downturn in demand for investment in the oil sector failed to capacity, then, global oil production capacity to reduce and in the future lead to rapid increases in oil prices, it will cause the global economy and a wider range of oil crisis.
Law Saleh said that the decline in demand for crude oil of Saudi Arabia have more spare production capacity and to focus on Saudi Arabia oil production from non-associated natural gas field in development.
Jul. 29, 2009
Law Saleh said that the project is one of the Shaybah oilfield expansion project. The other two projects are Nuayyim Rice Hu oil and oil field. Law Saleh said that the decline in global oil demand is temporary, and oil consumption will eventually increase to resume. If the global downturn in demand for investment in the oil sector failed to capacity, then, global oil production capacity to reduce and in the future lead to rapid increases in oil prices, it will cause the global economy and a wider range of oil crisis.
Law Saleh said that the decline in demand for crude oil of Saudi Arabia have more spare production capacity and to focus on Saudi Arabia oil production from non-associated natural gas field in development.
Jul. 29, 2009
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