LDK Solar (LDK) is announcing some solar supply deals of its own this morning. The company will supply 50MW of solar modules to Spain’s Enel with 30MW deliverable this quarter and an option for an additional 20MW next quarter.
“We are very pleased to enter this sales agreement with Enel, a globally recognized power provider and dedicated leader in the production of PV systems,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “As demonstrated … Read the rest
It seems like every few weeks the ebb and flow of feed-in-tariff fear and optimism rolls through the solar industry with rumors fueling speculation as what it means for solar companies, particularly those that do much of their business in the German, Italian and Spanish markets. Last week, the rumors continued…
I mentioned in a report several days ago that the industry feared Spain would retroactively cut their solar FIT program and some even … Read the rest
LDK Solar (LDK) announced after the bell today that it has signed a contract to supply solar modules to Spain based Gestamp Asetym Solar. LDK Solar will provide 15.8MW of solar modules to Gestamp during the 3rd quarter.
LDK Solar CEO Xiaofeng Peng commented: “We are very pleased to commence a relationship with Gestamp Solar, a leader in the development of PV projects. As demonstrated by this contract, we continue to experience solid demand for … Read the rest
Ah, here we go again with more subsidy cut rumors. This time it’s Spain. While rumors have been swirling for months that Spain would cut subsidies, Bloomberg reported today that an industry lobbyist believes that Spain will make substantial solar subsidy cuts to both existing solar installations and new installations following a meeting Spain’s Deputy Industry Minister Pedro Marin. I agree that cutting subsidies on future solar installations is healthy and an important part of … Read the rest
Energy Conversion Devices (ENER) is announcing an agreement with Endesa in Spain to install 3MW of UNI-SOLAR(®) photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville. ENER will manage construction of the project set to begin this quarter and includes the Uni-Solar laminates being bonded to Giscosa waterproofing and applied to the roof. Endesa will own and manage the system which is expected to be completed within the next six … Read the rest
Trina Solar (TSL) is announcing a new 108MW supply deal this morning with PROINSO, a European distributor of solar equipment. Shipments are expected to begin soon and continue through the first half of next near with PROINSO having the option to purchase another 12MW in the first quarter of next year. The solar modules will be sold at predetermined prices and will be used in projects in Spain and Italy.
Said a VP of Trina, … Read the rest
Suntech Power (STP) and a + f (a subsidiary of Spain’s Gildemeister Group) worked together to complete two solar power plants in Spain. STP supplied about half of the modules used to complete the plants in Alange (8.5MW) and Alconera (7.4MW) which will be enough power for around 9K households.
Jerry Stokes, President of Suntech Europe, said, “Suntech’s dedication to producing premium quality, high power output solar products is a key factor leading to our … Read the rest
Ocean Power (OPTT) has announced that it has deployed its first 40 KW PowerBuoy under contract with Iberdrola about 3 miles off the coast of Spain which represents an important step in the commercialization of wave energy. OPT has a tentative deal to develop 9 additional more powerful versions of the buoy over the next year with the goal of eventually created a wave energy farm in the area capable of generating enough energy to … Read the rest
The StreetInsider.com is out with comments from Piper Jaffray analyst Jesse Pichel on the Spain solar cap situation saying that the proposed 500 MW cap for 09 is a positive for the group. “While we expect final outcome by early October, we believe Spain will not be as weak as expected in ’09, and that this proposal should help improve investor sentiment around Spain.”
Apparently, Pichel can confirm that the Spain Energy Ministry has sent … Read the rest
Yesterday, Ocean Power Technologies (OPTT), reported a wider loss in fiscal year 08 despite a surge in revenues (although quarterly revenues have been decelerating over the past 2 quarters). The net loss widened to 14.66 million on revenues of 4.77 million from 9.64 million in the previous year on revenues of 2.53 million.
Ocean Power is certainly pinning its hopes on the success of the PowerBuoy wave energy system which it is putting quite a … Read the rest