PV equipment provider Spire reports declining revenue, strong gross margin in 2Q 2011

Sunday, 8.7.2011 - 16:20 (Solarserver)

On August 3rd, 2011, Spire Corporation (Bedford, Massachusetts, U.S.), a global solar company providing capital equipment to manufacture photovoltaic (PV) modules, turnkey manufacturing lines and solar PV systems, reported USD 14.7 million in revenue in its second quarter 2011 results, a 20% decrease from the previous quarter and a 34% reduction from the second quarter of 2010. The company also reported a net income of USD 0.7 million during the quarter, and a gross margin of USD 5.2 million or 37%, USD 1.5 million higher than the second quarter of 2010. Read more

SunPower signs 15-Megawatt solar panel and tracker technology supply agreement with Mahindra in India

Sunday, 8.7.2011 - 16:19 (Solarserver)

SunPower Corp. (San Jose, Calif.) on August 4th, 2011 announced that Mahindra EPC Services Pvt Ltd. has ordered 15 megawatts of SunPower solar photovoltaic (PV) panels and SunPower T0 Tracker technology for delivery by the end of this year. The solar panels will be used by Mahindra for building multiple grid-connected solar power plants in India in the Punjab, Rajasthan and Gujarat regions. Read more

Siemens to strengthen its renewables business; Company to set up two divisions for wind power, and solar and hydro

Sunday, 8.7.2011 - 16:19 (Solarserver)

Siemens is gearing up for further growth in renewables. Effective October 1st, 2011, the company wants to realign its renewables business into two independent units. The existing Renewable Energy Division shall be divided into two new divisions: Wind Power and Solar & Hydro. Read more