Advanced Environmental Technologies just announced that it will use a new, $11.5 million factory in Watts, Oklahoma to recycle lower-grade plastics. AERT hopes to use this strategy to reduce its costs for materials for its recycled plastic/wood fiber products. The company also plans to re-sell some of the lower grade plastic to other companies, thereby increasing its revenue stream and providing opportunities for revenue that extend beyond the seasonal demand for building supplies.
Yingli Green Energy (YGE) has signed an agreement today to be the exclusive polycrystalline PV module supplier for AES Solar for the next three years. Financial terms of the deal haven’t been disclosed.
”We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,” commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green … Read the rest
Gushan Environmental (GU), a leading China biodiesel producer announced mixed earnings results this morning, matching EPS estimates of .01/share which is a big drop from the .20/share it reported one year ago. Revenues came in about 10% lower than expectations at $40 million, nearly a 20% drop from the year ago period.
Looking ahead, the company expects its new plants in Chongqing and Hunan to begin production next quarter and increase production at the Shanghai … Read the rest
Darling International (DAR), the largest publicly traded recycler of food waste (mostly fryer grease) reported mixed earnings yesterday, reporting an EPS that was in line with estimates at .06/share but revenues that were shy of expectations at $133 million. That’s a big drop in growth over the year ago period with an EPS drop of 77% and a revenue drop of 33%, but as is always the case, no matter how bad the quarter, the … Read the rest
Raser Technologies just announced that it has received the Geothermal Power Plant of the Year Award at the annual ELECTRIC POWER Conference. The award recognized Raser’s first geothermal plant for its "key technologies and developments for power generation plants," according to a company press release.
"We are honored to be recognized by the industry and our peers for our efforts and success in building an exemplary power plant. We are continuing to develop our … Read the rest
There’s an article over at the WSJ discussing waste to energy solutions, mentioning a study that shows incinerating a ton of trash emits at least 35% less greenhouse gas and yields 10x as much electricity as burying it and capturing the methane. Covanta (CVA), which is the world’s largest owner of waste to energy plants is highlighted in the article and the company stands to see a big pop in the stock if the … Read the rest
MDB analyst says, “We believe that the company is continuing to build a solid pipeline of potential customers including the possible reemergence of Think Global. This pipeline (including Fisker Automotive) will likely provide the company with significant revenue growth beginning in the back half of calendar 2009. We are maintaining our earnings model for calendar 2010 with … Read the rest
ReneSola (SOL) has received approval to begin a 5MW building integrated PV (BIPV) rooftop project in China’s Zhejiang province which will provide solar energy across five government buildings across 80K square meters. It should be noted that the project is subject to final approval by the Chinese Ministries Finance & Housing and Urban-Rural Development, although that shouldn’t be a problem given China’s ambitious solar plans. The project will be financed with a government subsidy program … Read the rest
Yesterday Piper was out with a downgrade of GT Solar (SOLR) from Buy to Neutral after the company reported awful earnings results, saying they are moving to the sidelines until the solar industry recovers.
Piper analyst says, “Although SOLR remains well positioned for an eventual unit recovery, is achieving promising R&D developments for next-gen equipment, and has a strong balance sheet, we believe shares of SOLR will be capped at current levels until a … Read the rest
Suntech has relocated its European headquarters to Schaffhausen, Switzerland, and is expanding its sales and marketing teams in Europe to twice the current number of employees.
In a post on , Suntech’s chairman and CEO explained the significance of the move:
“The European market represents close to 80% of our business and has the potential to grow significantly in the coming years,” commented Dr. Zhengrong Shi, Suntech’s Chairman and CEO. “Suntech has already established very … Read the rest
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