A-Power Energy (APWR) has entered into an MOU agreement with Mongolia to construct a new 290,000 square foot wind turbine production facility with the capacity to produce approximately 800 MW of wind turbines each year.
"The new facility will be similar in size to the first phase of our facility recently completed in Shenyang and its strategic location will be advantageous to serve this particular part of Inner Mongolia’s wind belt. We plan to begin … Read the rest
Trina Solar (TSL) & Enerpoint have agreed to add a new sales agreement which has TSL supplying Enerpoint with 5MW of photovolatic solar modules in 08 and another 22MW in 09.
Arturo Herrero, vice president of sales and marketing at Trina Solar, said: "Trina Solar is pleased to have entered into this renewed sales agreement with Enerpoint to reinforce this important partnership in Italy. Enerpoint’s wide distribution network, together with Trina Solar’s high quality modules … Read the rest
According to StreetInsider.com, Canadian Solar (CSIQ) are upping their revenue estimates for the 2nd quarter with an expected range of 210 -214 million, up from the previous forecasted range of 185 – 190. The company also reiterated its full year 2009 forecast and expects to deliver 500-550MW of solar modules.… Read the rest
A-Power Energy Generation Systems (APWR) announced today that it has consummated a cooperation agreement with Fuhrlander AG which gives APWR the right to produce Fuhrlander’s 600KW to 2.7MW series wind turbines. Said Fuhrlander Chairman, "We are very impressed by the speed at which A-Power constructed the initial phase of its wind turbine production facility and the success they are having sourcing components. We feel that A-Power has the leadership, intellectual capital, relationships, and capital resources … Read the rest
Zacks analyst Jon Kolb discussed a few solar names in an interview released this morning.
On ReneSola (SOL):
"Through its short history, ReneSola regularly adapted to changing market dynamics. The company is aggressively ramping up its polysilicon and solar wafer production capacities.
Going forward, increased captive generation of polysilicon will improve its cost structure and enable wafer capacity expansions. Globally, rising solar wafer sales, along with escalating crude and long-term supply agreements, should collectively generate … Read the rest
According to StreetInsider.com, Caris & Co have initiated coverage of a few solar names:
* Initiated coverage of First Solar (FSLR) with a buy and $350 price target
* Initiated coverage of MEMC Electronic (WFR) with Above Avg and $100 target
* Initiated coverage of SunPower (SPWR) with an Above Average and price target of $80
* Initiated coverage of Evergreen Solar (ESLR) with Above Average and price target of $11… Read the rest
UP
* Mass Megawatts Wind Power (MMGW) up 16.61%
* Sunpower (SPWR) up 14.42% on a big solar plant construction deal
* Green Plains Renewable Energy up 11.24% on news it’s Superior, Iowa plant has begun production of ethanol
* US Geothermal (HTM) up 7.41%
* Capstone Turbine (CPST) up 6.61% on news Wachovia initiated Outperform rating
* Real Goods Solar (RSOL) up 5.87%
* First Solar (FSLR) up 5.50%
* Yingli Green Energy (YGE) … Read the rest
SmallCapInvestor.com wrote up a nice research report (it’s free but you need to register to view it) on Capstone Turbine (CPST) a few days ago. Capstone makes low maintenance microturbines that help in power distribution which can be used in primary or backup power situations. The big Mexican and Brazil oil companies Pemex and Petrobras are its biggest customers but the company’s turbines are used in a wide array of industries and could be used … Read the rest
MEMC Electronic (WFR) announced a $3 billion supply deal with Tawain’s Tainergy Tech over a 10 year period and has the right to buy 10% of Tainergy. Tempering the good news a bit was the reduction of a deal with Conergy which has been cut from a 10 year $7-8 billion deal to about $4 billion. All in all, a wash today for MEMC Electronic… Read the rest
Clean Energy Fuels (CLNE) received a one year $6.7 million LNG (liquified natural gas) supply contract renewal to serve the City of Tempe and the Regional Publich Transit Authority through a contract with the City of Pheonix
“We are pleased to continue our supply relationship with Tempe and the RPTA where we have provided reliable, cost-efficient fueling services for five years, ensuring those agencies and their riders that their buses roll out daily to meet … Read the rest