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Concentrated photovoltaic (CPV) market forecast

December 27, 2012

The concentrated photovoltaic (CPV) market is forecast to double in 2013 and reach almost 90 MW with sales revenues expected to jump more than 60 per cent to $325m, according to a new report from HIS-owned IMS Research.

On-Sun Systems announced that it has demonstrated a rooftop-compatible concentrated photovoltaic (CPV) module with 21% efficiency. In a first for CPV, On-Sun has delivered a high-efficiency CPV product in a fixed, flat module of a similar size to standard silicon PV panels.

CPV manufacturing firm Soitec, has reported a net loss of more than €132m for the first half of its fiscal year 2013. Cash reserves dropped from €260m on March 31 to €131m as of September 30. The company has been investing heavily in CPV infrastructure and has had a big hit to its cash reserves as a result as it has also faced industry wide semiconductor slump and less demand for Soitec’s wafer products. According to news reports the company insists that investment in scaling up its CPV module production facilities in Freiburg, Germany, and San Diego, California, have for the most part been now largely accounted for, putting its cash situation under control.

Provided by A Longford – PandA Europe

From → Finance

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