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This follows 1MW of CIGS modules delivered to juwi in Q2 2010 for projects in Germany and San Antonio, Texas.
“We are very encouraged that MiaSole is supplying its proven and bank financeable modules for a number of projects developed by juwi solar,” said Lars Falck, Managing Director of juwi Solar.”We expect that our relationship with MiaSole will grow to help us meet the increasing needs for solar power together.”
The MiaSole module incorporates a glass-glass design, suitable for the most rigorous snow load requirement and design features such as a low open circuit voltage and interconnecting cables that reduce owner’s balance of systems cost versus comparable thin film modules.
“MiaSole is proud to be supplying panels to one of Germany’s leading renewable energy companies, juwi solar,” said MiaSole CEO Joseph Laia. “MiaSole modules are the cost effective solution for utility scale installations, both roof top and ground mount, and this is the beginning of what we hope to be a long term partnership focused on large scale solar deployments.”
MiaSole develops CIGS thin-film photovoltaic solar panels and is based in California, The firm currently operates two manufacturing facilities with construction beginning on the third factory in 2010.
juwi is a German company in the renewable energy sector and has been designing, building, financing and operating solar, wind and bio energy plants since 2006. To date, juwi has installed around 1,300 PV systems with a total capacity of over 500 megawatts. juwi has subsidiaries in Germany, the United States, France, Italy, Spain, the Czech Republic, Greece, Poland and Costa Rica.
DayStar Still Not Shining With Losses of $12.2 million for Q2 2010
The CIGS manufacturer hopes to be back on track after a number of after restructuring, impairment and compensation charges
DayStar Technologies, a developer of solar photovoltaic products based on CIGS thin-film
Epilight Dazzled by Aixtron CRIUS and Orders Four More
The Chinese firm will start up phase 5 of its purchase plan with Aixtron’s MOCVD tools with an order for four more 31x2” tools to grow high brightness GaN LEDs.
August/September 2010
www.compoundsemiconductor.net 61
deposition technology has announced financial results for its second quarter ended June 30, 2010.
This comes after an announcement from the company only a month ago that it intended to collaborate with a number of international firms in the near future.
Net loss for the second quarter of 2010 was $12.2 million or $2.97 per share, compared with a net loss of $6.7 million or $1.79 per share in the second quarter of 2009.
The net loss for the second quarter of 2010 reflects non-cash restructuring charges of $7.8 million, including $3.5 million in impairment charges on leasehold improvements at the Company’s Newark, California facility upon termination of the lease, as well as $4.3 million in impairment charges recorded on certain equipment during the quarter.
The loss for the second quarter of 2010 also includes share-based compensation of $1.5 million. Overall, cash expenses were reduced significantly during the second quarter of 2010 as compared with 2009 with the implementation of cost savings measures including a reduction in workforce in order to preserve cash while focusing our resources on the development of core CIGS technology and fundraising efforts to secure strategic partners and commercialize its products.
The per share losses were calculated on the weighted average common shares outstanding of 4.1 and 3.7 million for the second quarter ended June 30, 2010 and 2009, respectively.
The company says average shares outstanding and loss per share for the quarter ended June 30, 2010 and 2009 reflect the 1-for-9 reverse stock split implemented on May 11, 2010. DayStar’s common stock began trading on the NASDAQ Capital Market on a split adjusted basis on May 12, 2010.
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