Florida Power and Light announced that they have broken ground on their planned DeSoto Solar Energy Center, Florida’s first commercial solar energy facility. Once the center is completed, it will produce 25 MW of solar energy, making it the largest solar PV facility in the US.
FPL Group President and Chief Operating Officer Jim Robo commented on the event:
… Read the rest"We’re proud to be the company that is bringing commercial-scale solar power to the Sunshine State.
NRG Energy released a statement yesterday in response to Exelon’s announcement that shareholders were in favor of combining the two companies. According to the statement, NRG is open to negotiating with Exelon, but only "at a fair exchange rate and on reasonable terms." NRG still feels that Exelon’s offer is unacceptable as is.
From MarketWatch, here’s a brief synopsis of Exelon’s offer:
… Read the restIn October, Exelon proposed to buy all outstanding shares of NRG common stock
A new report from GreenBiz.com and Automotive Fleet Magazine shows that ComEd, a unit of Exelon Corporation, has the nation’s seventh largest fleet of green vehicles. Among other utility companies, ComEd comes in second only to PG & E. ComEd’s fleet, which consists of 2,168 vehicles, reduces the company’s greenhouse gas emissions by approximately 4.200 Metric tons annually. Terence Donnelly, ComEd senior vice president of Transmission & Distribution, commented on the report in a press … Read the rest
Another awful quarter for Akeena Solar (AKNS) which continues to pile up losses with profitability nowhere in sight. Akeena Solar reported a Q4 loss of $0.32, versus the analyst estimate of ($0.17). Revenues for the quarter were $10.9 million, versus the consensus of $11.53 million. That’s about a 60% increase in the EPS loss over the year ago quarter with a minor bump in revenues. This is a company that better stop the bleeding in … Read the rest
According to Exelon, NRG shareholders have positively to its offer to combine the two companies, tendering 125,403,103 shares of NRG’s common stock, over 51% of the outstanding shares. Exelon has extended its offer deadline until June 26th to seek regulatory approval and solicit proxies to serve at the NRG shareholder meeting.
According to John Rowe, Exelon’s Chairman and CEO
… Read the rest“Yesterday’s result delivers another clear and convincing message to NRG’s board and management that a
Suntech just announced a new distribution agreement with House Care Co, LTD. Under the terms of the agreement, House Care is authorized to distribute Suntech’s products to the Japanese market. In 2009, House Care expects to distribute 30MW of Suntech’s products.
Dr. Tadao Kasahara, President of MSK Corporation, a Suntech subsidiary, commented on the agreement:
… Read the rest”House Care is one of Japan’s leading providers of innovative roofing systems and we are delighted to establish a fruitful
First Solar (FSLR) and GT Solar (SOLR) are what I’d call solar opposites, technically speaking. One appears headed for a retest of the lows while the other appears ready to break out and continue moving higher.
First Solar (FSLR) reported great earnings last night but it was their cautious outlook that sent the stock into the cellar today. I really thought that it would recover quickly off the morning gap down, but it just couldn’t … Read the rest
Ormat Technologies (ORA) which designs, develops and operates geothermal and recovered energy power plants beat earnings estimates this morning, posting an EPS of .26/share (analysts expected .25) which was 4% over the year ago quarter. Revenues were strong in the quarter at 95.5 (an increase of 35% over last year) which also beat analyst estimates of $84 million.
Dita Bronicki, CEO of Ormat, stated: “It was a good year and quarter for Ormat, as reflected … Read the rest
Here’s the text of Obama’s speech last night related to energy:
We know the country that harnesses the power of clean, renewable energy will lead the 21st century. And yet, it is China that has launched the largest effort in history to make their economy energy efficient. We invented solar technology, but we’ve fallen behind countries like Germany and Japan in producing it. New plug-in hybrids roll off our assembly lines, but they will run … Read the rest
China Sunergy (CSUN) has announced a new contract with an unnamed US PV firm to produce multi-silicon solar cells. CSUN will buy silicon wafers from the US firm and in turn sell back solar cells. The bilateral agreement is expected to begin in April.
Said CEO Wang, “The securing of this year-long agreement with our U.S. partner, especially during a period of instability within the solar sector, demonstrates that China Sunergy is able to execute … Read the rest