According to this press release, A-Power will be building a 150 megawatt biomass plant in Thailand. The company has signed an agreement with Thailand’s Biomass Electricity Co., Ltd regarding the plant. Under the $86 million contract, A-Power will design the plant, which will be built in Prachinburi, Thailand. A-Power will also obtain and install the three main engines for the plant and will be the general contractor for the civic engineering system, the chemical … Read the rest
All posts by Tate Dwinnell
AT&T Orders Van Conversions From Clean Energy Fuels (CLNE)
Clean Energy Fuels just announced that AT&T has placed an order with Clean Energy Fuels’ subsidiary BAF Technologies to have 463 Ford E-250 vans converted to run on compressed natural gas.
The order is due in the second quarter of next year. Previously, AT&T placed an order for 463 van conversions that will be due in the first quarter of 2010. AT&T has also indicated that BAF should buy supplies for an additional 463 van … Read the rest
MEMC Electronic Materials (WFR) Buys Stake In Eversol
MEMC Electronic Materials just announced that they have acquired an ownership stake in Taiwanese solar wafer manufacturer Eversol. To start with, MEMC Electronic Materials amended a contract with Gintech to allow it to purchase Gintech’s 8.36% interest in Eversol at the price Gintech originally paid for it. Then, MEMC spent 5 million more on an additional 5.1 million shares, meaning that it currently owns a 10.6% stake in the company.
In a press release, … Read the rest
SunPower (SPWRA) Dedicates New Solar Power System At Israeli HP Facility
SunPower just dedicated a new 50-kilowatt rooftop solar power system at HP’s Indigo Division Facility, located in Kiryat-Gat, Israel. The rooftop system was designed and built by Solarpower Ltd, using SunPower panels.
In a press release Howard Wenger, SunPower’s president of global business units, commented on the news:
SolarPower’s leadership in Israel was clearly an advantage to SunPower as we entered the market. On four continents, the proven performance of SunPower’s technology has achieved a … Read the rest
First Solar (FSLR), EDF In Talks With Blanquefort, France Regarding New Solar Manufacturing Plant
First Solar and EDF Energies Nouvelles just announced that they are in the end stages of talks with the French town of Blanquefort regarding the construction of a new solar panel manufacturing facility. The two companies plan to finance the plant together, then First Solar will manage the plant operations and sell the solar panels produced to EDF for 10 years. When it’s finished in 2012, the plant will produce more than 100 MW worth … Read the rest
California Approves Deal Between P G & E (PCG) First Solar (FSLR) And Sempra Energy (SRE)
California regulators have given the go-ahead for a deal that will allow P G & E to buy power from the 48 MW solar power project that First Solar and Sempra Energy are building together near Boulder City, Nevada. Now that everything has been approved, construction should start next month and the facility should be completed late next year. It will be an add-on to a 10 MW plant previously built by First Solar and … Read the rest
National Air And Space Museum Chooses Cree (CREE) LEDs
Cree just announced that its LED fixtures have been chosen to illuminate the National Air and Space Museum’s new “Moving Beyond Earth” exhibit. The museum selected Cree’s LR24 recessed LEDs for the exhibit, which contains exhibits on human spaceflight and space shuttles. Cree’s LEDs will replace high intensity discharge work lights.
In a press release, Gary Trott, Cree VP of market development, commented on the news:
“The Air and Space Museum installation shows the … Read the rest
LDK Solar (LDK) Faces Cash Crisis, Future In Question
LDK Solar (LDK) needs quite a bit of cash in a hurry to stay alive and the CEO stated in an SEC filing, “If we do not successfully execute our liquidity plan, we face the risk of not being able to continue as a going concern.” The company has sold a $50 – $80 stake in its polysilicon business through convertible preference shares to VMS Investment Group and will raise another $150 million through a … Read the rest
Valence Technology (VLNC) Gets $1.4 Million Smith Electric Vehicles Order
Valence Technology (VLNC) announced this morning that it received a $1.4 million order from Smith Electric Vehicles for its U-Charge lithium battery systems to be shipped in the latter half of next year. Smith is ramping up production of its Newton electric truck line at the Kansas City plant to meet demand for next year.
VLNC is up about 10% on the news, but well off the morning highs. It’s trying to find support around … Read the rest
Analysts React To First Solar (FSLR) Guidance: Most Cautious, But Hold Ratings
The StreetInsider.com has a great run down of analyst reactions to First Solar’s (FSLR) guidance last night. The company guided higher and announced significant expansion plans over the next two years. The following is reprinted with permission.
Piper Jaffray: “While strong 2010 top-line guidance and newly announced capacity expansion are positives, a substantially higher mix of lower margin systems business is expected to prevent both margin and EPS expansion in 2010. FSLR remains the … Read the rest