Trina Solar issued a statement describing the companies operational highlights for the 4th quarter of 2008. The company managed to meet its solar module shipment target, shipping between 55 and 60 MW. Also, it was able to reduce the non-silicon-related costs of manufacturing its solar modules by approximately .13 per watt.
Here’s what Trina Solar’s Chairman and CEO, Mr. Jifan Gao, had to say about his company’s 4th quarter operational highlights:
… Read the rest"Despite lower module selling
Yingli Green Energy Holding Co Ltd announced that Yingli Energy (China) Co. Ltd, a wholly owned subsidiary, has signed an agreement for a three year loan facility with ADM Capital. The agreement will provide Yingli Green Energy with more capital to fuel its business growth.
RTT News has addition details on the terms of the loan:
… Read the restADM Capital has agreed to provide a three-year loan facility of up to US$80.0 million to Yingli China for
Vestas Wind Systems has announced it will invest $350 million in its Tianjin, China subsidiary. This investment will position the company to meet China’s increasing hunger for wind energy. Vestas has received several large orders from China in the past month and in the past year. As CleanTech Group LLC notes, investing in its Chinese subsidiary is smart because China is such an important and growing market for wind power:
… Read the restChina is a significant market
Suntech Power (STP) is out this morning releasing preliminary financial results for the 4th quarter in which it expects revenues to exceed previous guidance of 345 – 360 million and come in at 405- 420 million.
As of December 31, 2008, Suntech’s cash and cash equivalents balance was approximately $508 million, which is approximately $113 million higher than the cash and cash equivalents balance at the end of the third quarter of 2008. Cash and … Read the rest
I know, I know. .another top 10 list. But this one’s a bit different. It’s called a Top 10 list but I’m only including 5 (how’s that for daring and different eh?) of the top green energy stocks based purely on technicals because I can’t find 10 with great technicals! I’ll include another 5 if this market gets going again.
Drum roll please…
Coming it at the top spot is a stock I’ve been highlighting … Read the rest
AltEnergyStocks has posted some highlights of the Obama inauguration speech focused on renewable energies and infrastructure:
“each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.”
“We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.” (Emphasis ours)
“We will harness the sun and the winds and the soil to fuel our cars and run our … Read the rest
MEMC Electronics (WFR) beat Wall St estimates after the bell today, but the good news ends right there. The company posted non GAAP profits of .65/share, which beat estimates of .61 but represented the first quarter of negative growth (-12%) over the year ago quarter in a couple years. Revenues came in about 17 million ahead of estimates but were also significantly lower than the year ago quarter.. 21% lower. However, it was at the … Read the rest
American Superconductor Corporation just announced that is received a large order from China’s CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd. The multi-million dollar order is for 100 sets of AMSC’s wind turbine core electrical components such as the PowerModule(TM) PM3000W. The components, which should be shipped out by the end of this year, will be used in 1.65 MW wind turbines designed by AMS Windtec.
Greg Yurek, AMSC’s CEO, commented on the order in … Read the rest
Green Plains Renewable Energy has acquired a majority interest in Blendstar, LLC, a biofuel terminal operator from Houston, Texas. Green Plains Renewable Energy paid $9.0 million to Bioverda U.S. Holdings LLC in exchange for a 51% stake in Blendstar. Blendstar already has terminals in several cities, including Oklahoma City, Little Rock, Nashville, Knoxville, Louisville and Birmingham, and plans to build more in the near future.
Todd Becker, Green Plains Renewable Energy’s CEO, commented on the … Read the rest
Xcel Energy has chosen NextEra Energy Resources to build its planned Northern Colorado Wind Facility. If the 152 MW project is approved by Colorado regulators, it’s scheduled to be producing power by the end of this year.
From the Denver Business Journal,
here are more details about the contract:
… Read the restThe 25-year contract between Xcel and NextEra calls for Xcel paying $50 per megawatt hour of energy produced during the farm’s first year of operation —