Last night, the Senate included the tax credits for renewable energies to the bailout bill, which is expected to be voted on by the Senate tonight and should pass easily. The key is the House vote later on the week. It’s a bold move to include the renewable energy tax credits to a bill that is already standing on shaky legs but this most likely allows the tax credit extension to sneak on through … Read the rest
Category Archives: Solar Energy
Suntech (STP) Will Power Largest Building Mounted PV Project in Arizona
Suntech (STP) has announced that it will provide 1.6 MW of solar panels to Sun Devil Solar LLC, a subsidiary of Integrys Energy Services for its project with Arizona State University. ASU will install the modules on top of two parking structures in the middle of campus and is to be completed by the end of this year. It’s expected to produce enough electricity to power 3680 computers each year (the equivalent of 260 … Read the rest
Sunpower Ticker Symbol Change to SPWRA from SPWR
The ticker symbol for Sunpower’s Class A shares will change from SPWR to SPWRA today. Class B shares of the stock will trade as SPWRB with the changes coming as a result of the recent spinoff from Cypress Semiconductor (CY), which was a majority shareholder of Class B common stock.… Read the rest
ABB And LDK Solar (LDK) Sign $36 Million Equipment And Services Contract For New Plant
ABB announced today that it has entered a new solar equipment, system and service contract with LDK Solar worth at least $36 million dollars. Under the contract, ABB will assist LDK Solar in the construction of a polysilicon production plant in Xinyu City, China.
Once its built, the new plant will be Asia’s largest, producing 15,000 metric tons of polysilicon per year. ABB will provide electrical systems, equipment and project management services to LDK. … Read the rest
House Extends Solar, Wind, Green Energy Tax Credits..
The StreetInsider.com is reporting that there are rumors that the House has also voted to extend the tax credits for solar, wind and other renewable energies… Remember the Senate passed the bill a few days ago. I’ll have an update soon.
Update: The story is out on Reuters now. The House measure is similar to the Senate bill that has passed with an exception.. it leaves out incentives to develop oil from shale … Read the rest
China Sunergy (CSUN) Supplying 70MW In Solar Cells to Wuxi Guofei Green Energy
China Sunergy (CSUN) has announced a 7 year sales agreement to supply Wuxi Guofei Green Energy of China with 10 MW of moncrystalline cells each year beginning in 09 with CSUN receiving an advance payment after the signing of the agreement.
“This represents a significant domestic sales agreement for China Sunergy and secures a long-term demand for our monocrystalline cells,” remarked Dr. Ruennsheng Allen Wang, Director and CEO of China Sunergy. “The payment terms of … Read the rest
Ascent Solar (ASTI) Signs Cooperation Agreement With Texsa
Ascent Solar announced that it has signed a cooperation agreement with Spain’s Texsa S.A. Under the terms of the agreement, the companies will work together to develop building integrated photovoltaic roofing products for the European solar market. The products will be based on Texsa’s existing line of roofing products and use Ascent Solar’s flexible, thin film photovoltaic solar modules. Ascent will provide Texsa with some of the product from its 1.5 MW production initially, and … Read the rest
SunPower (SPWR) Announces That Stock Price Has Hit Trigger To Allow Conversion Of $200M Senior Convertible Debentures Due 2027
SunPower announced today that the price of its A common stock has been greater than or equal to S70.94 for 20 out of the past 30 days. $70.94/share is 125% of the conversion price for one series of SunPower’s senior convertible debentures. The series in question is a $200 million aggregate principal amount of 1.25% senior convertible debentures due 2027. Holders of this series of debentures may convert them if they wish, starting in the … Read the rest
Yingli Green Energy (YGE) To Supply 1.4MW PV Modules For Largest University Solar Facility
Yingli Green Energy (YGE) announced today that it has a sales contract with SunDurance Energy LLC, which develops large scale energy facilities in the US. YGE will supply 1.4MW of PV modules to SunDurance from Dec 08 to Jan 09 to be used at the Livingston Campus of Rutgers University. It’s expected to be the largest campus solar energy facility in the US and generate 10% of the electrical demand while reducing campus carbon … Read the rest
MEMC Electronic Materials (WFR) Lowers Q3 Sales Guidance Due to Hurricane Ike
According to StreetInsider.com, MEMC Electronics (WFR) has issued an update to its guidance following the delay of raw material deliveries from its suppliers due to the effects of Hurricane Ike.
Nabeel Gareeb, MEMC’s CEO, said, “.. some of our regional suppliers had startup difficulties primarily due to power availability, plant issues, and pipeline damage as a result of the Hurricane, preventing them from starting high volume delivery of some raw materials until yesterday. This … Read the rest