First Solar has forecast 2010 profits of US$6.05-6.85 per share on revenues of US$2.7-2.9 billion. The Company said it plans to invest US$365 million of capital to add two production plants, consisting of four manufacturing lines each, to meet a demand pool.

First Solar has manufactured and shipped more than 1-gigawatt (GW) of its photovoltaic (PV) solar modules in 2009, becoming the first PV company to attain this production volume in a single year, according to the company.

The sector's recovery depends on what happens at the global climate change summit taking place in Copenhagen and incentives for the renewable resource in China, according to Mark Pinto, CTO and general manager of Applied's Energy and Environmental Solutions group.

The fall in cost is due to the increased lifetime, according to the independent EU Energy Institute.

DuPont Apollo has announced the opening of its silicon based thin-film photovoltaic module manufacturing facility. The 538,000-square-feet facility will have an annual capacity of up to 50 megawatts with a thin-film-on-glass PV module production line. Full-scale commercial production is slated for the first quarter of 2010.

Kleiner Perkins and Khosla Ventures-backed solar-thermal startup Ausra is in talks with three potential buyers to sell itself, according to sources familiar with the company.

Price pressure, caused by overcapacities in the worldwide solar panel business are exerting pressure on the solar panel value chain.

Applied Materials has acquired substantially all the assets, including the intellectual property, of Advent Solar for an undisclosed cash amount. Advent Solar is a developer of advanced technology for crystalline silicon (c-Si) PVs.

Sharp, Japan's largest maker of liquid-crystal displays, posted a second straight half-year loss because of declining sales of LCD panels. The net loss was 17.7 billion yen (US$196 million) in the six months ended September 30, compared with a profit of 28 billion yen a year earlier.

First Solar is the first pure-play renewable energy company to join the S&P 500 Index.

German conglomerate Siemens and US powerhouse General Electric (GE) have both underlined their commitment to the renewable energy sector after shelling out to acquire two high-profile Israeli solar energy firms.

Germany's next government plans to reduce incentives to generate solar power as early as 2010, the energy spokesman for Chancellor Angela Merkel's Christian Democrats said.

The European Commission's new proposal to boost solar technology development focuses too much on research and not enough on deploying commercial technologies, according to the European Photovoltaic Industry Association (EPIA).

As China primes its energy market for explosive growth, the country could see one gigawatt of solar power generation capacity by 2011, said a new report by GTM Research.

The US solar energy industry hopes to persuade Customs officials to reverse a decision to impose a 2.5% tariff on solar panel imports after more than two decades of duty-free trade in the product, an industry official said on Thursday. In the worst case scenario, US importers of solar panels could face some US$70 million in tariffs and penalties for product already imported this year.

An international solar-related company is in talks with Hynix Semiconductor to buy the South Korea-based company's shuttered computer-chip plant in west Eugene, according to local government and economic development officials.

GTM Research says boom in US solar manufacturing to create 20,000 jobs between 2009 and 2012.

LDK Solar is scheduled to complete the installation of more than 50 MaxEdge wafering systems in October.

"We continue to make progress in every aspect of the SunFab lines and are well on our way to delivering 10% efficient SunFab panels and US$1 per watt production costs in 2010," said company CTO Mark Pinto. He also laid out plans for SunFab panels with 12% conversion efficiency and module costs below US$0.70/watt by 2012.

Samsung Electronics has taken its first step towards the mass-production of its solar cells with the launch of a pilot production line for solar cells in Giheung. The vendor held a ceremony on September 13 to mark the opening of its R&D and testing facility for crystalline silicon solar cells.

"In the US, energy policy is made on the state level," CEO Mike Ahearn said. "Every state has a different approach." In contrast, Ahearn said China has designated a region within the country for renewable energy production and transmission.

Mitsubishi Electric and industrial design company IHI are now teaming up in the race to develop new technology within four years that can beam electricity back to Earth without the use of cables.

LDK Solar has formed an agreement with Yancheng City in China's Jiangsu Province to develop several photovoltaic power projects, including ground-power stations and roof and building integration systems.

President Obama wants to make the US "the world's leading exporter of renewable energy," but in his seven months in office, it is China that has stepped on the gas in an effort to become the dominant player in green energy — especially in solar power, and even in the US.

Nano Solar Technology has ordered Oerlikon Solar's 120MW end-to-end Micromorph production line for making thin film solar modules.

"During the boom, there were significant capacity increases. There were also, by the way, significant announcements of capacity that may or may not have happened..."

Despite a rebound in business, Applied Materials is set for more layoffs and cost-cutting, according to an analyst.

China is on its way to becoming a solar power - with financial incentives coming from every corner of the country - but a lack of experienced project developers and equipment installers may cast a shadow over the growing industry.

Canadian Solar, a Chinese manufacturer of solar power modules, jumped in early New York trading after reporting a profit that exceeded analyst estimates. "They blew away expectations and seem to have gained a lot of market share," said Colin Rusch, an analyst at ThinkEquity LLC.

GT Solar International's fiscal first-quarter profits jumped 51% on surging margins and higher revenues. The company said it was "on track" to meet its fiscal-year targets. But revenues grew at its slowest pace in roughly a year and sales came in far short analysts' expectations.

First Solar has announced 2Q09 profits that exceeded industry expectations, but its share price fell on news that it would offer rebates in Germany and maintain, rather than raise, its full-year outlook.

Q-Cells and MEMC Electronic Materials have formed a joint venture to construct solar photovoltaic (PV) generation facilities, in which each partner will have a 50% share.