Trina Solar has completed what is currently the largest rooftop solar array in the United States. The 2.4 Mw installation consists of 13,400 of Trina Solar’s solar modules installed on top of the Atlantic City Convention Center. It will meet about one quarter of the building’s energy needs and save about $4.4 million in energy costs over the next 20 years.
Jifan Gao, Trina Solar’s Chairman and Chief Executive Officer, commented on the occasion in … Read the rest
Raser Technologies just announced that it has signed a geothermal lease agreement with Copper King Mining. The lease includes a total of 75,000 acres scattered in various locations across Utah. Most of the acreage is located near Razer’s No 1 geothermal project in Beaver County, Utah.
Richard Clayton, Raser’s Executive Vice President, commented on the lease:
"With this lease, Raser continues to expand its holdings in this geothermally active part of the State. We are … Read the rest
These solar earnings reports really aren’t a surprise anymore. Just more of the same – global economic weakness, credit difficulties, plummeting raw material prices, an inventory glut and so on. From here it’s just a matter of demand picking up to offset the weakness in the cost of the finished product. The important thing to remember is that solar stocks will begin rising long before that equation comes into balance. We’ve seen a good pop … Read the rest
SunPower just announced the completion of a joint project with the Rancho California Water District.
The 1.1 MW project, located at the RCWD’s Murrietta water treatment plant, is now up and running. The project will provide emissions-free power to cover some of the energy used by the water treatment plant, saving the water district up to $6.8 million over the next 20 years.
Here’s what Tom Werner, SunPower’s CEO, had to say about the project:… Read the rest
Energias de Portugal has removed its Pelamis wave energy installation from the site of its proposed Agucadoura wave park off the coast of Portugal. The unit experienced a number of technical issues and had to be dismantled after only a few weeks in the water.
According to this article from AFP, here’s what went wrong:
… Read the rest"There was a recurrent problem with the movements of the hydraulic screws in the three machines, and this is
A couple of analyst notes out this morning on Sunpower (SPWRA) according to StreetInsider.com.
Collins Stewart has initiated coverage on Sunpower with a Sell rating and a price target of $20 due to the following:
– rapid price deterioration
– trading at premium valuation relative to its peers
– production costs higher than competitors
– key financial metrics related to asset and capital efficiency below that of peers
Broadpoint downgraded to Neutral and lowered … Read the rest
Fuel Tech (FTEK) announced some additional air pollution control contracts this morning totaling $2.1 million which include an order from an existing customer for NOxOUT(R) Selective Non-Catalytic Reduction Systems to be installed at two city solid waste incinerators in France. Orders were also received for a commercial High Energy Reagent Technology system & several HERT demonstrations for nitrogen oxide control.
“We are off to a great start this year in Europe,” commented John F. Norris … Read the rest
EnerNoc (ENOC) continues to rack up the utility demand response contracts and the stock is reflecting it, up nearly 50% in March alone. This morning the company is announcing 4 new contracts in Maryland totaling 250 MW with Allegheny Power, Baltimore Gas & Electric, Delmarva Power and Light and Potomac Electric Power which brings the total to 7 new new contracts in the first quarter 2009.
In November of last year the Maryland Public Service … Read the rest
First Solar just announced that it will work with Tri-State Generation and Transmission Association to build a 30-MW solar power plant in Colfax County in northeastern New Mexico. The 5,000 solar modules will produce enough energy to power approximately 9,000 houses, and the plant is expected to be online by the end of next year. Tri-State Generation and Transmission Association has entered a 25-year purchase agreement for power to be produced at the plant, which … Read the rest
Ormat Technologies Inc just announced that its OREG-4 Peetz Recovered Energy Generation (REG) Project is up and running. The 4 MW power plant will recover waste heat from the exhaust of a gas turbine located in a compressor station that services a natural gas pipeline in the Denver area. The waste heat is converted to electricity and sold to Highline Electric Association Inc under a 20=year purchase agreement.
Dita Bronicki, Chief Executive Officer of Ormat, … Read the rest