Suntech has announced its intention to build a manufacturing plant in the United States, taking advantage of incentives from both the federal government and state governments. In company press release, the company called the move part of its plan to create a long-term US presence. In the press release, Dr. Zhengrong Shi, Suntech’s Chairman and CEO, said:
… Read the rest"We believe in the outstanding long-term prospects of the solar energy market in the United States, and we
Energy Conversion Devices (ENER) is down more than 15% this morning on news that its Uni-Solar subsidiary has been forced to temporarily shutdown its operations in Auburn Hills and Greenville in addition to delaying the planned ramp at its second facility in Greenville. The company cited economic conditions and weak demand for the shut downs which are expected to last a month. Where’s that stimulus money? The auto makers and banks don’t seem to have … Read the rest
First Solar just announced that will collaborate with National Bank of Arizona and SolarCity to build a 22 KW commercial solar installation in Phoenix, Arizona. The installation will be the second-largest in Phoenix and the first to use First Solar’s products. The installation will power National Bank of Arizona headquarters, placing 2,960 First Solar advanced thin-film modules on top if the carports that line the bank’s parking lot.
Why did National Bank choose First Solar? … Read the rest
While the solar installers Akeena Solar (AKNS) & Real Goods Solar (RSOL) have perked up a bit technically, fundamentally both remain in dire straits. Akeena Solar (AKNS) reported their miserable quarter several days ago and after the bell today it was Real Goods turn. It wasn’t pretty but RSOL is closer to profitability than AKNS.
The company reported a much wider loss than the year ago period at .08/share which missed analyst expectations of a … Read the rest
Advanced Battery (ABAT) has seen strong technical action in recent days rising above the 200 day moving average. No doubt all the buying from the CEO has something to do with it. Is big news around the corner? CEO Fu Zhiquo purchased 1,000,000 shares on May 4th at $2.65/share. With shares currently nearly 3.50, not a bad return in a few days! So the company reports earnings on May 11th and the CEO buys $2.5 … Read the rest
China is making bold predictions about its renewable energy ambitions over the next decade. Alison posted an article about their wind energy ambitions earlier today and there is another article discussing their solar ambitions, saying they will smash their 2020 estimates for solar capacity.
In the article, a researcher for the National Development Reform Commission (the economic planning ministry) says China is set to smash its target for a roll out of solar power … Read the rest
Evergreen Solar just signed a Chinese production contract for its String Ribbon solar wafers. Under the agreement, Evergreen Solar will work with Jiawei Solar (Wuhan) Co. and the Wuhan Donghu New Technology Development Zone Management Committee to manufacture its String Ribbon solar wafer products in Wuhan, China, starting next year. The wafers will be manufactured at a leased facility to be built on Jianwei’s campus. By subcontracting the manufacturing process to Jianwei, Evergreen Solar will … Read the rest
Canadian Solar (CSIQ) announced this morning that it signed a new sales agreement with Korean systems integrator, Topinfrasolar which expands their current agreement by 5MW. The contract calls for deliveries of both regular and e-Modules for Korean installations this year, expanding upon the initial 3MW relationship that began earlier this year.
Dr Shawn Qu, Chairman and CEO said: “Topinfrasolar is a leading systems integrator in Korea with an excellent market reputation and particular strength in … Read the rest
Sunpower just announced that it will work with Certified Steel and Nexus Properties to build a 1.2 MW solar PV system. The system will power Certified Steel’s plant in New Jersey. The installation will use SunPower’s monocrystalline-silicon panels and will supply almost all the energy the plant needs. The project is being financed through the Public Service Enterprise’s (PSE&G) solar loan program, according to PVTech.org.
"The solar loan program has provided a level of economic … Read the rest
Evergreen Solar (ESLR) continues to show why it’s a lagging solar play this afternoon, reporting a whopping quarterly loss of $64.3 million. Granted much of that was due to one time costs ($43.9 million for write offs from future silicon supplier, $3.5 million for Devens facility startup costs & $1.8 million for closure of Marlboro pilot facility), but this is still a company heading in the opposite direction of profitability. Taking out one time costs … Read the rest