It appears the credit markets are opening up a bit with several financing announcements made recently (although mostly out of China). First Solar (FSLR) and Juwi Holding AG have announced today they have secured financing for a 53MW plant in Germany that began in January and is expected to completed by the end of the year. This project is the ultimate “clean” energy project that not only provides solar energy power, displacing 35K tons of … Read the rest
All posts by Tate Dwinnell
A-Power Energy (APWR) Moving On Contracts Of $75 Million
A-Power Energy (APWR) has vaulted about 15% in just the past 20 minutes on news it has signed contracts totaling $75 million with subsidiaries of Anhui Wenergy to build micro grid electricity generation systems using biomass as the fuel. APWR will design, assemble, install, test and deliver two 30 MW biomass fueled electricity generation systems which are expected to be completed by Aug 2010.
“We are extremely excited to become the sole provider for Wenergy’s … Read the rest
Green Energy Highlights of Johnson Controls (JCI) Earnings
Johnson Controls (JCI), a conglomerate involved in lithium battery production and building efficiency reported mixed earnings this morning posting an EPS 1 cent better than expectations at a loss of .16 share (it’s the 2nd straight quarter of losses) on revenues of 6.3 billion vs the consensus of 6.93 billion.
Here are some highlights regarding the green energy segments of its business:
Building Efficiency
– Excluding currency fluctuation, building efficiency sales were down 2% to … Read the rest
Miami To Get Smart Grid As GE (GE), Florida Power and Light (FPL), Cisco (CSCO) And Silver Springs Team Up
General Electric, Florida Power and Light, Cisco Systems and Silver Springs Networks just announced that the four companies will team up to build a smart grid to serve the city of Miami. The new program, which will be called Energy Smart Miami, involves installing smart meters in more than 1 million Miami homes and businesses, as well as constructing an automated smart grid to support the smart meters. The program should create approximately 1,000 new … Read the rest
MEMC Electronic Materials (WFR) And Conergy At Impasse Over Supply Contract
MEMC Electronic Materials and Conergy, the German solar company that is MEMC’s second-largest customer, appear to have reached an impasse as they attempt to renegotiate a supply contract. Conergy has been attempting to renegotiate the contract due to the economic crisis and the way silicon prices have dropped over the past year.
According to a report on Barron’s, the situation between the two companies has gotten somewhat unpleasant, with Conergy casting doubt on the validity … Read the rest
Raser Technologies (RZ) Obtains $7 Million Refund From UTC
Raser Technologies just announced that it has restructured a purchase agreement with United Technologies Corp., resulting in a $7 million refund from UTC to Raser. The $7 million came from a deposit made for an order of United Technologies’ PureCycle(R) power systems. Under the new purchase agreement, Raser will continue to buy PureCycle Units from UTC, and UTC has agreed to keep at least 50 on hand at all times to make sure they are … Read the rest
Applied Materials’ (AMAT) Tandem Junction SunFab Line Certified By Sunfilm
Applied Materials just announced that the Tandem junction SunFab Thin Film production line installed in Sunfilm’s Grossroehrsdorf factory has been certified and has achieved factory acceptance. The production line, the first of its type in the world, passed certification tests to produce solar modules at up to 8% efficiency. This milestone is important because tandem junction thin-film panels use 1/50th the amount of silicon per watt of electricity than traditional panels do. Using this technology … Read the rest
Navistar (NAV) Gets $10 Million DOE Grant For Hybrid Electric School Bus
As part of the Plug-in Hybrid Electric Vehicle Technology Acceleration and Deployment Activity Program, the US Dept of Energy announced it has selected Navistar’s Fort Wayne plant for a cost shared award of up to $10 million to develop 60 plug-in electric hybrid buses for use across the nation during a multi year test program. Navistar’s IC Bus is the only bus manufacturer currently offering the electric bus and will use the grant to improve … Read the rest
Trina Solar (TSL) Announces 42MW In New Germany Orders
Trina Solar (TSL) is announcing 3 new sales agreements with (yet unnamed with the exception of Bull Solar for 12MW) customers in Germany for delivery this year and totaling 42MW which is about 20% of what the company delivered all of last year so a decent sized order.
“We are pleased to see continued demand growth from traditional markets such as Germany,” said Arturo Herrero, Trina Solar’s Vice President of Sales & Marketing. “With our … Read the rest
Johnson Controls-Saft (JCI) To Build New Lithium-Ion Battery Plant
Johnson Controls, as part of its joint venture with Saft SA, just announced that it will build a lithium-ion battery plant in Holland, Michigan. The plant will built in an existing Johnson Controls Facility there and will provide jobs to 500 employees. Refurbishing the existing plant to handle manufacturing lithium-ion batteries is expected to cost about $220 million. Once completed, the plant will be able to produce 15 million lithium-ion battery cells. The company is … Read the rest