China Sunergy (CSUN) has announced a 7 year sales agreement to supply Wuxi Guofei Green Energy of China with 10 MW of moncrystalline cells each year beginning in 09 with CSUN receiving an advance payment after the signing of the agreement.
“This represents a significant domestic sales agreement for China Sunergy and secures a long-term demand for our monocrystalline cells,” remarked Dr. Ruennsheng Allen Wang, Director and CEO of China Sunergy. “The payment terms of … Read the rest
With the bill to extend investment tax credits for renewable energy (finally!) past the Senate, Shares of several stocks that had taken a beating began to rise again. For example, shares of Energy Conversion Devices (ENER), which had taken a nosedive of 18.5% on Tuesday, were back up by 13 percent, to $63.79. Solar Integrated Technologies, one of Energy Conversion Devices major clients, lowered its guidance for the second half of 2008 based in part … Read the rest
Ascent Solar announced that it has signed a cooperation agreement with Spain’s Texsa S.A. Under the terms of the agreement, the companies will work together to develop building integrated photovoltaic roofing products for the European solar market. The products will be based on Texsa’s existing line of roofing products and use Ascent Solar’s flexible, thin film photovoltaic solar modules. Ascent will provide Texsa with some of the product from its 1.5 MW production initially, and … Read the rest
Ocean Power (OPTT) has announced that it has deployed its first 40 KW PowerBuoy under contract with Iberdrola about 3 miles off the coast of Spain which represents an important step in the commercialization of wave energy. OPT has a tentative deal to develop 9 additional more powerful versions of the buoy over the next year with the goal of eventually created a wave energy farm in the area capable of generating enough energy to … Read the rest
SunPower announced today that the price of its A common stock has been greater than or equal to S70.94 for 20 out of the past 30 days. $70.94/share is 125% of the conversion price for one series of SunPower’s senior convertible debentures. The series in question is a $200 million aggregate principal amount of 1.25% senior convertible debentures due 2027. Holders of this series of debentures may convert them if they wish, starting in the … Read the rest
Yingli Green Energy (YGE) announced today that it has a sales contract with SunDurance Energy LLC, which develops large scale energy facilities in the US. YGE will supply 1.4MW of PV modules to SunDurance from Dec 08 to Jan 09 to be used at the Livingston Campus of Rutgers University. It’s expected to be the largest campus solar energy facility in the US and generate 10% of the electrical demand while reducing campus carbon … Read the rest
UQM Technologies (UQM) is soaring over 50% today on no news, but StreetInsider.com is reporting that it might have something to do with speculation that Chrysler will be using a UQM product in one of its upcoming electric cars, scheduled to start shipping in two years. It’s a bit strange though because the Wall St journal reported yesterday that Chrysler is in advanced talks with A123 Systems, which is planning to IPO soon.
Chrysler showed … Read the rest
According to StreetInsider.com, MEMC Electronics (WFR) has issued an update to its guidance following the delay of raw material deliveries from its suppliers due to the effects of Hurricane Ike.
Nabeel Gareeb, MEMC’s CEO, said, “.. some of our regional suppliers had startup difficulties primarily due to power availability, plant issues, and pipeline damage as a result of the Hurricane, preventing them from starting high volume delivery of some raw materials until yesterday. This … Read the rest
Sunpower (SPWR) announced this morning the installation at Toyota (TM), which is currently the largest North American rooftop installation. Not to be outdone, Trina Solar (TSL) has announced that it take part in what will be the largest solar rooftop installation and has begun shipping 13400 solar PV modules (2.4MW) to power the Atlantic City Convention Center (enough to power 280 homes) and will save the company 4.4 million over 20 years.
Tom Hunton, President … Read the rest
Toyota Motor (TM) and Sunpower (SPWR) have announced the completion of the largest single room solar power installation (2.3MW) in North America at Toyota’s North America Parts Center in Ontario, California.
The installation is expected to provide 60% of the total electricity needs for the 760K sq foot building and includes 10417 T10 Solar Roof Tiles, the most efficient in the industry. The company expects to avoid 6.4 million pounds of carbon dioxide emissions every … Read the rest