US Secretary of the Interior Ken Salazar signed off on the first solar farm on public land today, giving the green light to First Solar’s (FSLR) Silver State project. The 50MW solar farm spread over 618 acres will now go through all the red tape, but considering the Feds are behind the project, it shouldn’t take long to get all the paperwork in place. The company expects the solar plant to go live sometime next … Read the rest
Category Archives: Solar Energy
American Superconductor (AMSC) Announces SolarTie Solution Targeting Utility Scale Solar Plants
American Superconductor (AMSC) announced this morning its new SolarTie Grid Interconnection Solution which combines its D-VAR STATCOM and PowerModule power conversion systems for a fully optimized solution to target utility scale solar plants. It’s expected to be a $2 billion market within the next five years.
“AMSC’s SolarTie solution offers grid-management support, reactive compensation and grid interconnection, all of which are required by utility-scale PV plant developers,” said Ash Sharma, Research Director at IMS Research. … Read the rest
Satcon (SATC) Launches Next Gen Solar Power Inverter, Equinox
Satcon Technology (SATC) is having a good day today. The stock is breaking out to a new 52 week high after announcing a deal with a 63MW solar plant for its Solstice system and have also announced the launch of their next generation solar power inverter, the Satcon Equinox. The new inverter builds upon the success of the industry leading PowerGate inverter offering improved efficiencies up to 98.5%.
General Electric (GE) Announces Availability Of Solar Products
General Electric (GE) is providing an update on its push into the solar market this morning. I first posted back in March that GE was making a direct run at First Solar (FSLR) with its partnership with PrimeStar to develop cadmium telluride thin solar panels. Today they have announced that the the thin film solar panels will be commercially available next year from PrimeStar’s 30MW facility and the companies have plans to increase capacity … Read the rest
Satcon Technology (SATC) Solstice Product Selected For 63MW Solar Plant In Puerto Rico
Satcon Technology (SATC) is surging in pre-market trading on news the CIRO One 63MW solar plant to be built in Puerto Rico will use 126 of Satcon’s Solstice 500kW power harvesting and management solution. The technology increases the overall energy yield of solar installations by 5 – 12% and reduces system material costs by 20 – 25% compared to a centralized inverter system. Construction of the plant is expected to begin this month. No … Read the rest
Suntech (STP) Opens 1st US Solar Production Plant
Suntech Power (STP) first announced it was opening a US solar manufacturing plant back in January and now it’s official. The company announced on Friday that it has begun production at its new plant in Goodyear, Arizona with an initial capacity of 30MW with a plan to expand to 50MW next year and to 120MW within a few years.
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"Our new U.S. manufacturing … Read the rest
Collins Stewart Upgrades JKS, STP; UBS Upgrades LDK
The good news continues to flow from the solar space and this morning is no exception. We had the raised guidance from LDK, CSIQ reiterating its guidance and ASTI announcing an important thin film certification.
Adding fuel to the fire are upgrades out of Collins Stewart and UBS. UBS upgraded LDK Solar (LDK) following its guidance raise from Neutral to Buy and now has a $12 price target on the stock.
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Ascent Solar (ASTI) Soars On Thin Film BIPV Certification
Ascent Solar (ASTI) is rocketing higher another 30% today with heavy volume after the company announced this morning that they are the first flexible thin film solar module manufacturer to receive full IEC 61646 certification which includes testing the modules under conditions of extreme heat and humidity. What this cert does is open the door for the company to begin making a big push into the building integrated PV market which is the fastest growing … Read the rest
Solarfun (SOLF) EPC Contractor For 8MW Solar Plant In China
Solarfun Power (SOLF) announced an EPC contract with Guangdong Guohua to design, engineer, build and supply the solar modules for an 8.1MW solar power plant in Heyuan City, China.
The plant which is subsidized by the national Golden Sun program is expected to be operational by the end of this year and cover 74 acres.
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SOLF CEO Ping Peter Xie commented: "We are excited to … Read the rest
Canadian Solar (CSIQ) Reiterates Q3, Full Year Guidance
Not only did Canadian Solar (CSIQ) announce a new CFO in Andrew Chen, but the company has reiterated its Q3 and full year shipments guidance this morning.
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For Q3 the company expects shipments between 190 – 200MW and gross margins of 14.5 – 15.5% and full year shipments at the mid to high range of the previous guidance of 700 – 800MW.
Shares are … Read the rest