Sulzemoos, Germany: Phoenix Solar Secures €150M Loan

Phoenix Solar AG has secured the Group’s future growth through a syndicated loan of EUR 150 million. The syndicate is made up of the TecDAX-listed company’s principal banks as well as a new bank.

Hebei, China: JA Solar and BP to Establish Photovoltaic Alliance

JA Solar and BP Alternative Energy Holdings Limited, a subsidiary of BP today announced their intention to jointly develop and market part of their solar photovoltaic product portfolio over the next five years.

Wuxi, China: Suntech Reports Third Quarter 2008 Financial Results

Suntech Power today announced financial results for the third quarter ended September 30, 2008. Total net revenues for the third quarter of 2008 were $594.4 million, representing an increase of 53.7% from the corresponding period in 2007.

Bonn, Germany: SolarWorld to Submit Offer for Car Manufacturer, Opel

Solarworld AG is planning to submit an offer to the US car maker General Motors (GM) to take over the four German factories and the Rüsselsheim development center of Adam Opel GmbH.

Jiashan, China: ReneSola Announces Third Quarter 2008 Results

Chinese wafer manufacturer, Renesola today reported net revenues for the third quarter of 2008 were US$215.8 million, an increase of 25.5% sequentially and 197.4% year-over-year.

Freiburg, Germany: S.A.G. Solarstrom AG Reports Third Quarter 2008 Results

Following its successful re-structuring, Freiburg-based S.A.G. Solarstrom AG says the company was able to boost its operating result to € 2.1 Mio. during the first nine months of business year 2008.

St Peters, MO, USA: MEMC Provides Fourth Quarter Financial Update

MEMC Electronic Materials yesterday provided an update to its fourth quarter financial targets.

MEMC now anticipates revenue for the 2008 fourth quarter to be approximately $500 million, plus or minus $25 million, with gross margin of approximately 48%, plus or minus two percentage points, and operating expenses of approximately $27 million.

Erfurt, Germany: Ersol Presents Nine Month Results 2008

In the first nine months of the current financial year ersol Solar Energy AG (ersol) increased its consolidated revenue to € 214.6 million. This corresponds to an increase of 101.5 percent compared with the corresponding period of the previous year (9M 2007: € 106.5 million).

Bitterfeld-Wolfen, Germany: Q-Cells Publishes Results to September 30, 2008

Germany solar cell manufacturer, Q-Cells SE has published its Q3 report as of September 30, 2008. Production increased for the first nine months increased by 63 % to 417.0 Megawatt peak (MWp) (9M 2007: 256.6 MWp). Production in Q3 was 153.5 MWp, slightly up on Q2 (146.5 MWp).

Oldenburg Germany: aleo solar AG Boosts Revenue in First Nine Months

aleo solar AG increased its revenue by 61.6% in the first nine months of 2008 to EUR 256.2 million (comparable period of 2007: EUR 158.6 million). The proportion of international revenue amounted to 53.2%.

Hebei, China: JA Solar Reports Third Quarter 2008 Results

Solar cell manufacturer, JA Solar Holdings has reported financial results for its third quarter ended Sept. 30, 2008. Total revenue in the third quarter of 2008 was RMB 2.12 billion or $312.3 million, an increase of 149.5 percent from third quarter of 2007 revenue..

Berlin, Germany: SOLON AG Presents Third Quarter 2008 Results

SOLON AG today presented its interim report for the nine-month period ended September 30, 2008. Total Group revenues rose by 91% to EUR 637.0 million in the first nine months of 2008 (prior-year period: EUR 333.9 million).

Constance, Germany: Sunways AG Reports Third Quarter Results

Third quarter sales of cell manufacturer, Sunways AG rose by 11 percent to 8.6 million EUR. EBIT, however, declined markedly against the comparable prior year period by 70 percent to 0.6 million EUR.

Hamburg, Germany: LG Electronics and Conergy End Joint Venture Negotiations

Due to the worldwide financial crisis and changes in strategic direction, the Korean company LG Electronics (LG) has informed Hamburg-based Conergy AG (Conergy) that it currently does not wish to proceed with the acquisition of a majority stake in Conergy’s solar module production in Frankfurt (Oder) through a joint venture.

Los Gatos, CA, USA: Akeena Solar Announces Third Quarter 2008 Results

Akeena Solar, a designer and installer of solar power systems, today announced results for the third quarter of 2008.

Net sales for the third quarter of 2008 were $10.6 million, an increase of 31% compared to $8.1 million in net sales in the third quarter of 2007 and an increase of 50% compared to $7.1 million of net sales in the second quarter of 2008.

Munich, Germany: Wacker Reports Third Quarter Results

Wacker Chemie AG increased both its Q3 sales and operating result by 21 percent against the prior-year quarter and expects new full-year sales and earnings records.

Niestetal, Germany: SMA Reports Third Quarter Results

In the third quarter of 2008, Inverter manufacturer, SMA Solar Technology AG (SMA) sales rose by 120% to EUR 226.7 million in the third quarter (previous year quarter: EUR 102.8 million).

Bonn, Germany: SolarWorld Reports Third Quarter 2008 Results

SolarWorld AG expanded sales and earnings by double digit percentage amounts in the Third Quarter of 2008. In Third Quarter, SolarWorld Group sales grew by 47.2 per cent to 238.3 (previous year: 161.9) million EUR and in the first nine months by 41.5 per cent to 665.4 (previous year: 470.1) million EUR.

Tempe, AZ, USA: First Solar, Inc. Releases Third Quarter 2008 Financial Results; Signs Up 525MW in Orders

Thin film manufacturer, First Solar, Inc. today announced its financial results for the third quarter ended September 27, 2008. Quarterly revenues were $348.7 million, up from $267.0 million in the second quarter of fiscal 2008 and up from $159.0 million in the third quarter of fiscal 2007.

Chicago, IL, USA: Trans-India Acquisition Corporation to Take Majority Share in Solar Semiconductor Ltd

Trans-India Acquisition Corporation has entered into a definitive agreement to acquire not less than 80% of privately held Solar Semiconductor Ltd.

Oslo, Norway: REC ASA Announces 3rd Quarter 2008 Results

Renewable Energy Corporation ASA (REC) reported revenue of NOK 1,919 million in the third quarter 2008, an increase of 30 percent from NOK 1,480 million in the third quarter 2007.

Montreal, Canada: ICP Solar Signs LOI to Acquire Ibersolar Energía

ICP Solar Technologies has entered into a binding Letter of Intent to acquire Ibersolar Energía, S.A., a leading European manufacturer and supplier of solar photovoltaic systems, solar thermal systems, and absorption units.