Canadian Solar just announced that it has completed a solar farm in the town of Narni, located in the Umbria region of Italy.
The 1MW solar farm is constructed of f 4,000 Canadian Solar CS6P 230-Watt modules, installed without reinforced cement to minimize the damage to the landscape.
====> Click Here For Your FREE Canadian Solar Analysis
In a press release, Marco Di Pietro, Country Manager with Canadian Solar for Italy, commented on the … Read the rest
According to Reuters, demand for solar panels has risen so sharply that industry leader First Solar is unable to keep up. Although First Solar’s business slowed down in the 3rd quarter, it is expected to pick up in the fourth, despite German solar subsidy cuts that are expected to hit July 1.
Reuters quotes First Solar’s Stephan Hansen saying “In 2010 we will not be able to produce enough modules to meet demand.”
Suntech … Read the rest
Suntech Power (STP) reported earnings this morning that were just shy of analyst estimates on the EPS side due to a substantial currency exchange hit on a weakening Euro, but revenues beat analyst estimates and approached the record quarter in Q2 2008. The company posted an EPS of .11/share vs the analyst estimate of .14/share on revenues of $588 million vs the analyst estimate of $560 million. That’s a big jump over the year … Read the rest
Valence Technology just announced that they have received a new purchase order from Enova Systems for Valence’s U-Charge dynamic energy systems. The energy systems will be used in a fleet of 16 new Navistar IC CE Series hybrid-electric school buses.
===> Click Here For Your FREE Valence Technology Analysis
In a , RJ Adleman, Valence Technology’s Vice President of Sales and Marketing, commented on the order:
“School districts across the U.S. trust Enova Systems and … Read the rest
Solarfun just announced the introduction of its new “SolarIris” line of building-integrated photovoltaic cells. SolarIris PV modules come with artistic patterns and designs and can even be used for windows and skylights, making them a more attractive choice for architects and homeowners concerned with aesthetics. They have also successfully passed more than 2,000 hours of high-temperature and high-humidity testing.
===> Click Here For Your FREE Solarfun Analysis
In a press release, Peter Xie, President … Read the rest
Several analyst rating changes today. Analyst notes courtesy of Street Insider.
Upgrades
Ardour Capital upgraded Darling (DAR) from Hold to Accumulate and raised price target to $9.50. Shares up nearly 4% today but still trading below the 200 day moving average. Get a FREE Darling Intl Technical Analysis
Ardour Capital also upgraded Akeena Solar (AKNS) from Hold to Buy and has a $1.25 price target (about 50% higher than the current price) AKNS is … Read the rest
SunEdison just announced that it has begun producing power from its new 1.1 megawatt rooftop solar system at the Staples fulfillment center in La Mirada, California. This is the 32nd solar power system that Staples has hosted for SunEdison. Staples purchases the power produced by the systems.
In a press release, Jaime A. Smith, vice president of North American sales for SunEdison, commented on the news:
“Our activation with Staples is just the latest … Read the rest
EnerNOC just announced that it is expanding its DemandSMART network in Northern California to provide an additional 30MW of demand response capacity, bringing EnerNOC’s total demand response capacity in the region to 70MW.
The DemandSMART network consists of commercial, institutional, and industrial customers who agree to use EnerNOC’s demand response software to reduce their energy usage when requested by PG&E. In exchange, these customers receive payments for committing to adjusting their usage when necessary plus … Read the rest
Raser Technologies (RZ) announced this morning that it has begun drilling in New Mexico at the Lighting Dock project. The company is re-entering a well that was abandoned more than 25 years ago because the water wasn’t hot enough. New technologies allow geothermal energy companies to extract energy from lower temperatures, so the company is giving it another go. An independent firm estimates the well could deliver 3-7MW of energy, while Raser believes the project … Read the rest
I’ve been in vacation mode in recent days so haven’t been keeping up with all the news, but Ener1 (HEV) announced last week that it landed a JV deal with China’s top auto parts company, Wanxiang. HEV will begin producing lithium battery systems for Wanxiang this year for an existing backlog of customers. This is a great opportunity for Ener1 as it opens up the China market to them. Traders cheered the news, sending the … Read the rest