Waste not, want not: Green Plains Renewable Energy just announced that they will begin extracting corn oil at its ethanol plants, a project the company expects to supplement its operating income with an additional $15 million to $19 million per year. Green Plains expects to have the technology in place at all of its plants by the first quarter of next year.
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In a press release… Read the rest
SunPower and Solar Ventures just announced that they have signed a new contract to partner on the design and construction of 3 new solar power plants to be located in Italy’s Piedmont region. The plants will have a combined capacity of 11.1 MW. The project is expected to be finished by the end of the year.
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In a press release, Mario Riello, EMEA Sales Director … Read the rest
DayStar Technologies (DSTI) announced this morning it’s having trouble accessing capital to build and operate a facility in Newark, California so looking to manufacture its thin film CIGS solar modules offshore and have begun discussions with several potential partners. The company is not ruling out an acquisition of Daystar.
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DayStar CEO, Magnus Ryde, commented, “We are encouraged by the high caliber of the potential partners … Read the rest
Veeco Instruments (VECO) has shipped several TurboDisc MOCVD systems to US based LED manufacturer Invenlux in order to ramp capacity at their China LED factory in Haiyan City. No word on the financials of the deal.
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“Invenlux has a history of producing reliable and efficient blue and green LEDs for LCD backlighting, traffic lights, full color displays, and general illumination,” commented Chris Yan, Ph.D., Chief … Read the rest
The Broward Center for the Performing Arts in Ft Lauderdale, FL has replaced all incandescent lighting with more energy efficient LED lighting using Nexxus Lighting Array LED lamps according to a press release today. Array LED lamps are fully dimmable on most incandescent dimmer switches and provide up to 80% energy savings.
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“We’ve swapped incandescent bulbs for Array LED lamps in locations throughout our facility … Read the rest
Applied Materials (AMAT) is making a significant shift in its green energy strategy, abandoning its thin film solar business and focusing more on traditional solar technologies as well as LED. The thin film solar business has never really gotten off the ground as evidenced by the languishing stock price of Energy Conversion Devices (ENER). I don’t think it’s time to call the technology dead in the water, but when a company like Applied Materials decides … Read the rest
Energy Conversion Devices (ENER) subsidiary United Solar has signed a 3.9MW deal to supply solar laminates to New Jersey Resources Clean Energy Ventures & Adler Development. Adler Development will lease 900K of roof space to NJRCEV for 20 years allowing tenants a power purchase agreement from NJRCEV. The project has already begun with work started on four Adler buildings in New Jersey.
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ENER CEO … Read the rest
Green Plains Renewable Energy just announced that it will break ground on the second phase of its Grower Harvester (TM) algae project within the next two weeks. During Phase II, Green Plains Renewable Energy, working in conjunction with BioProcess Algae LLC, its partner in the Grower Harvester project, will scale the technology to be 20 times greater than the first phase of the project.
In a press release, Todd Becker, President and Chief Executive … Read the rest
It was announced this morning that the Italian subsidiary of Yingli Green Energy (YGE) signed a 6MW solar module sales agreement with Tecno Spot for this year and Tecno has committed to another 10 – 20MW for 2011.
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CEO of YGE Liansheng Miao and Italia Sales Manager Fabio Patti commented:
“We see great potential in the Italian market, which has a very robust demand for Yingli … Read the rest
Kaufman Bros. has upgraded MEMC Electronic Materials (WFR) from Hold to Buy and increased the price target from $14 to $15 which would be a more than 40% move from current levels. Hat tip to Street Insider for the analyst comment.
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“All three end markets, semiconductor wafers, solar materials and SunEdison were stronger than anticipated…Valuation is attractive following an approximately 35% decline in the stock … Read the rest