Suntech Power Holdings announced that last year it reached its company goal of achieving 1GW capacity for both solar cells and modules. Suntech claims they are the first solar company to reach both of these goals simultaneously. However, in response to the current economic situation, Suntech plans to keep production at 1GW throughout 2009, instead of continuing its expansion as originally planned. Suntech’s Chairman and CEO, Dr. Zhengrong Shi, commented on the achievement:
Yingli Green Energy announced last week that it just acquired a polysilicon producer to further its vertical integration strategy. Negotiations are complete, and Yingli now owns Cyber Power Group Limited, the parent company of Fine Silicon Co, Ltd. Yingli paid $77.6 million for the company, which is expected to begin producing polysilicon in the second half of this year. According to JLM Pacific Epoch, Yingli chief financial officer Zongwei Li advised that this purchase … Read the rest
The order, placed by an undisclosed German solar integrator, was for 200 MW worth of solar panels. Solar Power, Inc, recently received IEC certification for its products, and the company expects the certification to create increased demand for its products, particularly in Europe.
Bradley Ferrell, president of SPI’s commercial sales division, commented on the sale:
“Our recent IEC certification and this transaction mark what we believe to be the beginning of important new opportunities for
Emcore announced yesterday in an SEC filing that it will slash its workforce to help the company cope with the liquidity issues it is currently facing. The scope of the job cuts was not disclosed in the filing, and they are only one part of a package of cost-cutting measures that Emcore plans to take. From PVtech.org, here are some of the other ways that Emcore is planning to address this issue:
Forbes.com notes that the stock prices of major solar power companies like LDK and JA Solar Holdings fell yesterday, as the companies continue to face difficulties from reduced demand and lack of credit.
Here’s a roundup of the stocks they profiled in the article referenced above:
SunPower Corp- dropped $2.18 to close at $42.97, a price decrease of 4.8 percent
JA Solar Holdings- dropped .10 to close at $4.99, a 2 percent decrease
Castle & Cooke Hawaii and SunPower announced today that their new solar energy farm, the La Ola Solar Farm, is now producing solar energy on the Hawaiian island of Lana’i. Utilizing SunPower trackers, the new facility is capable of producing 1.2 MW of solar energy, enough to meet 30% of Lana’i’s electricity needs.
Here’s what Tom Werner, SunPower’s CEO, had to say about the event:
"Clean, reliable solar power will become a core energy investment
With the establishment of a new photovoltaic systems division, Toshiba is trying to carve out a piece of the solar energy market for itself. Toshiba will not be targeting residences or the "average Joe;" rather, they are angling for large industrial customers. Also, Toshiba will not make solar panels in-house. Instead, they will buy solar panels from outside companies and use them along with Toshiba’s proprietary supercharge ion battery (SCiB) technology and the companies … Read the rest
After several days of large gains, solar stocks are going to have a difficult time tomorrow after LDK Solar (LDK) came out after the bell and cut its expectations for 4Q and FY09 citing .. you guessed it! Lower demand.. oh and a delay in ramping production at its 1000 MT polysilicon plant which is expected to offer peak production around mid 2009. Construction of the 15K MT polysilicon plant remains on schedule and is … Read the rest
China Technology Development (CTDC) has nearly doubled in 3 trading days on news the company will partner with privately held Qinghai New Energy to build what would be China’s largest on grid solar power station. The 2 companies have signed an agreement with the local government of Qinghai Haixi Mongolian Tibetan Region to build a 30MW solar station with CTDC designing, constructing and managing the facility with support from the local government to obtain federal … Read the rest
Yingli Green Energy (YGE) is announcing this morning that it will supply Goldbeck Solar of Germany with 15MW of solar modules to be used in industrial buildings in 2009 with the option of an additional 58MW to be purchased by Goldbeck. Goldbeck specializes in turnkey industrial PV rooftop and ground mounted systems.
“We look forward to working closely with GOLDBECK Solar in 2009,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green … Read the rest
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