Suntech just announced that it has signed a memorandum of understanding (MOU) to work with Pakistan’s Alternative Energy Development Board to bring solar energy to Pakistan. Per the MOU, Suntech will work with both the public sector and private sector to make solar energy available across Pakistan. Projects include working with AEDB’s Rural Electrification Program to provide solar electricity to rural areas, developing Solar Power Pumping Systems with the cooperation of the AEDB and the … Read the rest
All posts by Tate Dwinnell
Clean Energy Fuels (CLNE) Lands Another Big CNG Fueling Contract: 10YRS @ Ontario Airport
Clean Energy Fuels (CLNE) keeps racking up the long term deals to supply CNG fueling services, many of them at airports in California. It’s secured another one. This morning the company is announcing it will provide CNG fueling stations at Ontario Intl Airport in Los Angeles for shuttle buses, taxicabs and shuttle vans. The plan is to convert the entire fleet of shuttle buses and taxicabs to CNG fuel within two years with CLNE providing … Read the rest
A-Power Energy (APWR) Breaking Out On New $36 Million Wind Energy Project (Donggang)
A-Power Energy (APWR) is breaking out of a base this morning with good volume on news that it has secured a new $36 million contract to supply equipment, construction services and installation for a wind farm in Shangdong Province (called the Donggang Wind Farm) for a subsidiary of Datang International Power. The project is expected to begin next month and be completed within a year. Initially, eight 2.5 and 2.7MW wind turbines will be installed … Read the rest
Canadian Solar (CSIQ) Raises 3rd Quarter, Full Year 09 Guidance
After the bell today Canadian Solar (CSIQ) raised guidance for the 3rd quarter and the full year 2009 based on unaudited financial results and a “high level of interest at the Hamburg trade show and subsequent purchase orders”. The company now expects 3rd quarter revenues of $210 – 215 million and shipments of 101 – 103MW which compares to previous estimates of 90 – 100MW of shipments. They are also raising their full year guidance … Read the rest
Ocean Power Technologies (OPTT) Expands Lockheed (LMT) Relationship, Shares Soaring 50%
Back in January, we posted about the news of Lockheed (LMT) and Ocean Power (OPTT) signing a letter of intent to develop utility scale wave energy systems together. That relationship moved to the next step this morning and shares of Ocean Power (OPTT) are soaring on the news, up over 50% just a few minutes ago. It appears OPTT is no longer a green stock cellar dweller!
This morning the two companies made it … Read the rest
Advanced Battery Tech (ABAT) Gets $8.7 Million Lithium Battery Order
Advanced Battery Tech (ABAT) announced this morning it has signed an $8.7 million polymer lithium-ion phosphate battery contract with U Long Run Sheng Technology. The ABAT batteries will be used by Long Run for electric motorcycles and other electric vehicles.
ABAT CEO, Zhiguo Fu, said, “We believe the order speaks to the quality of our products and services. The management team at U Long Run Sheng compared similar products available in the market and determined … Read the rest
American Superconductor (AMSC) To Supply Nations Largest Energy Hub, Tres Amigas
The Tres Amigas Project will be the nation’s first renewable energy market hub, which aims to connect 3 main power grids in the US (Eastern, Western & Texas Interconnections), allowing for a faster adoption of wind, solar and geothermal energy. American Superconductor (AMSC) will be a big beneficiary in the nation’s move to an updated, smarter power grid. The company is announcing this morning that it will buy a minority stake in Tres Amigas LLC … Read the rest
Production Starts At Green Plains Renewable Energy (GPRE) Joint Venture’s Phase I Algae Project
Production has started at BioProcessAlgae, LLC’s (a joint venture between Green Plains Renewable Energy, water filtration group CLARCOR Inc, BioProcessH2O LLC and NTR plc) Phase I photobioreactor pilot project. Algae production has started, and the company will begin gathering data over the next 4 months to determine how well the technology being tested will scale commercially.
In a press release, Todd Becker, President and Chief Executive Officer of Green Plains Renewable Energy, commented on … Read the rest
California Remains Clean Energy King With New Solar Initiatives
California continues to lead the way for the US in the alternative energy revolution. Arnie Schwarzenegger has signed two new laws and an agreement with the US Dept of Interior to speed development of solar and other alternative energy projects in the coming years.
One is AB 920 which requires utilities to pay consumers for solar electricity that they generate over and above their home needs instead of capturing it for their own profit. The … Read the rest
Dow Chemical’s (DOW) PowerHouse Solar Shingles Debut Next Year.. A $5 Billion Product?
Dow Chemical’s (DOW) PowerHouse solar shingles may be coming to a home near you. The announcement of efficient, affordable, and easily-installed solar rooftop shingles has shaken the building and solar industries quite a bit, as the company itself revels in the expectation of around $5 billion in revenues by 2015 for the single product alone. Dow received a $20 million grant from the United States Department of Energy for development on the project and will … Read the rest