FPL subsidiary NextEra Energy Resources just announced that it is in the process of purchasing 3 wind farms from Babcock and Brown. Together, the wind projects are capable of producing 184.5 megawatts of power.
Per the agreement, which still needs regulatory approval, NextEra will pay something along the lines of $352 million for the following wind farms:
Majestic Wind Energy Center, a 79.5 MW wind farm located in Carson County, Texas, that sells power to … Read the rest
Trina Solar (TSL) announced after the bell yesterday that it has entered into a 73MW sales agreement with Kerself which is a leading Italian solar company. Trina will supply Kerself with an initial 23MW of PV solar modules in the 4th quarter of this year and another 50MW in the first half of the next year.
Said VP of TSL Arturo Herrero, “We are excited to announce this new sales agreement with Kerself Group to … Read the rest
On Aug 25th I mentioned that OPTT was offering a mighty compelling spot to add a long term position around 4 based on previous support and the progression of its PowerBuoy system.. not to mention this is one of the few green stocks that hasn’t had a run this year. The stock is up 20% since then and I don’t think it’s done yet.
This morning, the company is announcing a new $2.4 million contract … Read the rest
Ascent Solar (ASTI) (down 15% premarket) and Advanced Battery (ABAT) (down 67% premarket) are raising some cash through stock offerings. ASTI announced it intends to commence an underwritten public offering of 4 million shares of its common stock with net proceeds being used for expansion of production capacity and general corporate purposes. The company also announced that its largest shareholder Norsk Hydro has committed to purchasing about $5 million of common stock in a private … Read the rest
EnerNOC has had quite a run this year, up nearly 5 fold. With runs like that often come valuation downgrades and Janney Montgomery Scott is out with one this morning, cutting the stock to Neutral.
Hat tip to StreetInsider.com for the following analyst comment:
“We are downgrading EnerNOC to NEUTRAL based on valuation. We are still strong believers in the EnerNOC story and believe that the Company maintains a very strong position in the rapidly … Read the rest
Suntech just announced that is has connected the first 10 MW, ground mount solar power project to the Chinese power grid. The project, completed through collaboration with Suntech’s partner China Energy Conservation Investment Corporation (CECIC). This milestone represents the completion of the first phase of a larger, 50MW project that is expected to be finished in 2011.
In a press release, Dr. Zhengrong Shi, Suntech’s Chairman and CEO, commented on the news:
”Suntech is … Read the rest
NRG has started to evaluate two biomass crops, switchgrass and high-biomass sorghum at its Big Cajun II plant in Louisiana. The tests are part of an effort to reduce the plant’s carbon footprint by burning less coal. The crops being grown are improved varieties of switchgrass and sorghum designed to grow well in Louisiana’s climate, and are provided by Ceres, Inc.
The first stage of the project consists merely of planting the crops, allowing them … Read the rest
Trina Solar (TSL) has announced this morning that it has extended its eight year supply agreement with GCL-Poly another five years, extending the supply deal through 2020. GCL-Poly will supply Trina Solar with enough polysilicon and wafers to produce about 8500MW in solar modules over the next 13 years.
“We are very pleased to strengthen our long-term relationship with GCL-Poly by further extending the tenure of the agreement,” said Trina CEO Jifan Gao. “This extension … Read the rest
Last night American Superconductor (AMSC) announced a big $100 million follow on order from Sinovel and Kaufman Bros likes the news. The firm is upgrading the stock from Hold to Buy and raising the price target to $36.
Hat tip to StreetInsider.com for the following analyst comment:
“Yesterday AMSC announced its largest customer, Sinovel, had placed a follow-on order for $100 million in electronics for its new 3MW wind turbine. The electronics will ship beginning … Read the rest
Piper Jaffray is out maintaining its Underweight rating on Hoku Scientific (HOKU) and lowering the price target despite the Tianwei life preserver thrown last night. The firm notes that while the company gains a strong partner and a new lease on life, the deal dilutes existing shareholders and doesn’t complete eliminate the risks. The Piper comment isn’t hurting shares this morning with the stock still up about 60%.… Read the rest