Yingli Green Energy announced today that is has signed a sales contract with IBC Solar. Under the terms of the contract, Yingli Green Energy will supply IBC with 91 MW of their PVC modules starting in December 2008 and ending in October 2009. The price of the PVC modules is fixed, but can be adjusted if the market price falls below the fixed price.
Mr. Liansheng Miao, Yingli’s Chairman and CEO, commented on the deal … Read the rest
Suntech Power (STP) and a + f (a subsidiary of Spain’s Gildemeister Group) worked together to complete two solar power plants in Spain. STP supplied about half of the modules used to complete the plants in Alange (8.5MW) and Alconera (7.4MW) which will be enough power for around 9K households.
Jerry Stokes, President of Suntech Europe, said, “Suntech’s dedication to producing premium quality, high power output solar products is a key factor leading to our … Read the rest
American Superconductor confirmed its 2008 forecast, saying it expects to the end the year with a less of .30-.35 per share. The company expects to post sales of $175 million to $185 million. Wall Street analysts predicted that the company would lose .34 per share and post sales of $176.6 million.
The company’s 2009 forecast was well above Wall Streets expectations. The expect to earn revenues of over $225 million and to see a … Read the rest
Yesterday it was announced that Holzer & Fistel LLC was investigating possible federal securities violations of JA Solar (JASO) due to a failure to disclose in a timely manner that it had purchased a $100 million 3 month note from Lehman Bros. at a time when LEH was under severe financial distress.
After the bell today, Coughlin Stoia Geller Rudman & Robbins LLP announced a class action lawsuit in New York on behalf of purchasers … Read the rest
Ascent Solar (ASTI) is announcing this morning that it has achieved greater than 9.5% efficiency for its thin film, flexible Copper, Indium, Gallium, Selenide (CIGS) integrated solar modules.
Lawrence Kazmerksi, Executive Director at NREL, said, “This is significant. Many doubted that a thin-film CIGS solar cell-on-plastic technology could be possible. Ascent Solar not only achieved this, but they now have confirmed efficiencies at NREL on fully integrated, monolithic prototype modules near 10%. This appears to … Read the rest
Solarfun (SOLF) reported an EPS before one time provision adjustments of .16/share which represents a decline in growth over the year ago quarter for the first time in a few years but did beat low analyst expectations of .14/share. Quarterly revenue came in at $187.8 million, good for an 88% increase over the year ago quarter but a bit below analyst estimates of 195 million. The company sees Q4 shipments to be at or slightly … Read the rest
SunPower (SPWRA) announced early this morning a new contract with City Solar of Germany in which SPWRA will provide them with 100MW of solar panels along with commercial rooftop and ground mounted systems over the next 3 years.
Steffen Kammler, City Solar’s President and Chief Executive Officer, said, “With this deal, we can offer our commercial customers SunPower’s high-efficiency solar panels and patented rooftop and ground mounted tracking systems, which can significantly increase their energy … Read the rest
First Solar (FSLR) has announced that it has completed production on a 2MW solar power plant for Southern California Edison which was installed on the rooftop of a commercial building in Fontana, California. It’s the first project for SCE within a larger plan to install 250MW of solar power across commercial rooftops throughout Cali over the next 5 years. First Solar (FSLR) will also engineer, manufacture and install the next project in Chino, expected to … Read the rest
Yingli Green Energy released its 3rd quarter results last week. Net revenue went up quite a bit, increasing to RMB 2,209.8 million (USD $325.5 million) from RMB 1,987 million in the 2nd quarter of 2008 and RMB 1,276.5 million in the 3rd quarter of last year. However, due to the depreciation of the euro against the Renminbi, gross profits actually declined from the 2nd quarter. Gross profit came in at RMB 492.6 million (USD $72.6 … Read the rest
Applied Materials released its brand-new Applied Centura® Silvia™Etch system today. This new system is a step forward for Applied Materials because it allows higher performance silicon etching at a lower cost for through-silicon via (TSV) applications. The Silvia system uses the company’s proprietary time-multiplexed gas modulation (TMGM) process, resulting in a higher silicon etch rate and lower operating costs.
… Read the restEllie Yieh, Applied Materials’ VP of the Etch and Cleans Business Unit, explained why the new