Following a press conference in Germany yesterday in which the solar industry and the Environment Minister outlined potential mid year feed-in-tariff cuts, Auriga posted its thoughts which I wanted to highlight for my readers. The bottom line is that despite Germany’s expected cuts, they remain bullish on the sector and haven’t made any changes to their ratings or estimates.
– Worst case tariff decline isn’t likely. Auriga sees German solar installations this year at … Read the rest
Cereplast (CERP) has signed a distribution deal with Euroink Romania providing bioplastic resins to the Romanian marketplace. Just a few days ago the company announced a distribution deal with BioWorks to supply the Polish market. Last September they signed a distribution deal with Sezersan Ambalaj to introduce bioplastics to the Turkish market, so the company continues its aggressive expansion in the European market.
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“We are thrilled … Read the rest
China Intelligent Lighting (CIL) has announced it’s expanding its LED manufacturing operations, leasing a new 215K sq foot facility which opened yesterday. The facility will contain production lines, R&D and office space. Five new new production lines, one of which will be used for LED street lamp components, is expected to increase total capacity by up to 20% and be fully operational within a couple months.
American Superconductor (AMSC) announced it received several new orders for its D-VAR wind farm connection systems in the UK bringing the total number of wind farms using AMSC’s system to 15 in the UK. AMSC sold a record number of D-VAR systems in 2010, more than doubling its 2009 level. The D-VAR systems allow for voltage control and greater efficiencies within wind farms.
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“The United … Read the rest
Cree Inc (CREE) posted earnings results after the bell today and it didn’t meet the continued lofty expectations of Wall St as traders sent the stock down more than 15%. The company reported a non GAAP EPS of .55/share on revenues of $257 million but that was shy of Wall St estimates of .58/share in EPS on revenues of $277 million. Those numbers still represent solid quarter over quarter growth of 55% and 29% in … Read the rest
It was announced yesterday that First Solar (FSLR) has cleared the last of the red tape needed to get the big 230MW AV Solar Ranch project in LA County off the ground. If you’re a regular reader here, you might remember that back in October there were fears that this project would be delayed until 2012 due to an appeal by Northrop Grumman which was concerned the project would disturb their secret testing facility in … Read the rest
Shares of Ener1 (HEV) are soaring today after they announced a joint venture with China’s leading auto parts supplier to co-manufacture lithium cells and battery packs for the Chinese market. The joint venture with Wanxiang Electric called Zhejiang Wanxiang Ener1 Power System Co in which Wanxiang will have a 60% majority stake aims to produce 40,000 battery packs a year for electric cars by 2014.
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“We … Read the rest
Nearly two years ago I wrote an article titled From Dependence On Foreign Oil to Chinese Neodymium? Never did I imagine when I posted that article that a mad scramble for rare earth metals would take place so soon and that companies would begin looking for ways to avoid the use of neodymium so soon.
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This morning the WSJ reports that Toyota has been working … Read the rest
General Electric (GE) is continuing to emerge as a clean energy behemoth and has in particular made big strides in the smart grid space in just the past several months. In the last half of last year the company purchased two smart grid software companies – Energy Control Systems in August and Opal Software in October. A couple days ago they announced the acquisition of Remote Energy Monitoring which provides software and hardware solutions … Read the rest
It was announced today that Canadian Solar (CSIQ) was a solar module supplier for Europe’s largest solar plant constructed by MEMC Electronic Materials (WFR) subsidiary SunEdison. The 70MW plant is located near the town of Rovigo in Italy and is expected to power more than 16500 homes.
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"The impressive scale of this milestone European PV project is a direct testament to the high quality work … Read the rest