China Sunergy just announced a new sales contract with NUE PTY Ltd, aka “NU Energy,” an Australian PV firm. Under the contracts, China Sunergy expects to ship Nu Energy 10MW of monocrystalline solar modules by early 2010. Shipments started in June of this year, and an ongoing sales relationship between the two companies is expected.
In a company press release, executives from both companies commented on the contracts:
“Australia represents another new market for … Read the rest
According to Reuters, LDK just announced that it will work with China’s Suqian City to develop 300 megawatts worth of solar PV projects. The projects are expected to be complete by 2015.
According to Reuters, this project, as well as LDK’s recently announced partnership with Yancheng city, are most likely the result of China’s newly announced solar subsidies. … Read the rest
Echelon (ELON) was a bit slow in releasing this news today or they just didn’t coordinate it well with Telvent (TLVT). At any rate, the Fortum smart grid deal is yet another big win for Echelon (ELON) and cements them as a significant player in the smart grid arena. The press release indicates it will provide ELON with $50 – 60 million (so about 20 mill/year beginning in 2011) over the life of the project … Read the rest
Echelon (ELON) is surging nearly 20% today with big volume. The reason isn’t completely obvious because the company hasn’t issued a press release, but the reason the stock is moving is probably the result of Spain based Telvent integrating its smart grid solution with Echelon’s (ELON) for a big Finnish project with a cost of over $150 million.
According to Telvent’s release, they will be in charge of the design and development of a smart … Read the rest
Think Global has been on its last legs, but is emerging from bankruptcy with a total cash infusion of $47 million from various investors including partner Ener1 (HEV). Ener1 will invest an additional $18 million in the company and convert an additional $3 million in debt for preferred shares, giving the company a 31% stake in the company and securing its spot as lead investor in the company.
As part of the deal, Ener1 receives … Read the rest
Clean Energy Fuels (CLNE) along with its customers and government agency partners have been awarded $34 million by the US Dept of Energy in order to offset the higher of cost natural gas vehicles. It’s part of a larger $300 million infusion allocated by the American Recovery and Reinvestment Act that will be used to defer the cost of building 11 natural gas fueling stations and put more 9000 alternative fuel vehicles on the road. … Read the rest
According to MercuryNews.com, Pacific Gas and Electric just announced that it will be building a 300-megawatt facility to store wind energy generated during times of low demand, to be released when demand is up.The facility will consist of an underground storage area. Compressed air will be injected into the storage facility and released to produce electricity as needed.
The plant is expected to cost $356 million. Is it a good investment? Some wind industry … Read the rest
Yingli Green Energy just announced that they will be providing CTP, a Czech commercial property developer, with 5 MW of solar PV modules. Under the terms of the letter of intent, signed by both companies, CTP is expected to purchase the modules from Yingli in the fourth quarter of this year.
In a company press release, representatives from both companies commented on the deal:
“We believe Yingli is a value-added partner with its leading position … Read the rest
A surprisingly good quarter out of China Sunergy (CSUN) this morning. The company swung back to a profit in the quarter, posting .03/share excluding one time items on revenues of $70.1 million. Analysts were expecting .01/share and $60.79 million respectively. It looks like the company is finally getting its costs under control which it had been unable to do in the past 2 quarters.
Commented the CEO, “After two quarters of unfavorable economic conditions, we … Read the rest
A-Power Energy (APWR) missed earnings estimates by a wide margin once again this morning and the stock is down more than 10% as a result. The company reported an EPS of .14/share which was a big improvement sequentially but down 30% over the year ago quarter. Analysts were expecting .20/share. Revenues also jumped over last quarter (by about 60%) to $57.5 million, but off about 10% from the year ago quarter and missing estimates as … Read the rest