Yingli Green Energy just announced that one of its affiliates, Yingli Group Company, has signed a strategic cooperation agreement with China’s state-owned China Development Bank. Under the agreement, a maximum of RMB 36 billion worth of credit facilities may be granted to Yingli and its affiliates, including Yingli Energy (China) Co., Ltd and Fine Silicon Co., Ltd, which are owned completely by Yingli and Yingli Green Energy–Baoding Tianwei Yingli New Energy Resources Co., Ltd, which … Read the rest
Category Archives: Solar Energy
JA Solar (JASO) Snags 70MW Supply Agreement With Solar-Fabrik
JA Solar just announced that it has signed a 70 MW supply agreement with Solar-Fabrik AG, a European company it has been working with since 2008. Per the agreement, JA Solar will supply Solar-Fabrik AG with 70MW of solar PV materials in 2010. Shipments have already commenced.
===> Click Here For Your FREE JA Solar Analysis
In a press release, Dr. Peng Fang, CEO of JA Solar, commented on the news:
“We are glad … Read the rest
LDK Solar (LDK) Announces 13 MW Supply Agreement With ABB Group (ABB) Subsidiary
LDK Solar just announced that it has signed a supply agreement with ABB SpA, a subsidiary of ABB Group based in Italy. Per the contract, LDK will supply ABB with 13MW worth of its solar modules, with delivery slated for the 3rd quarter of this year. An expanded contract for larger volumes of modules to be delivered this year and next year is currently being negotiated.
===> Click Here For Your FREE LDK Solar Analysis… Read the rest
JA Solar (JASO) Acquires Shanghai Jinglong Solar
JA Solar (JASO) announced after the bell today that it has acquired 100% of the shares of Shanghai Jinglong Solar Technology from Ningling Jinglong PV Investment of which JA Solar’s Chairmen, Baofang Jin, owns a controlling interest. The total purchase price of $29.3 million includes more than 206K square meters of land and 58K square meters of facilities which JA Solar had been leasing. An outright purchase provides the company more flexibility to expand its … Read the rest
JA Solar (JASO) Gets Major Supply Deal With MEMC Electronic Materials (WFR)
JA Solar (JASO) announced this morning that it has won a solar supply agreement with MEMC Electronic Materials (WFR) that has JASO supplying them with high performance solar modules beginning in the third quarter of this year and running through 2012. No word yet on how much will be supplied or the financials of the deal.
===> Click Here For Your FREE JA Solar Analysis
“MEMC is pleased to have selected JA Solar as a … Read the rest
ABB Ltd (ABB) Announces $50M Italian Order
According to , ABB Ltd just announced that it has received an order worth $50M from Actelios to design, engineer supply and commission 3 Italian solar PV plants with a capacity of over 13MW total.
The first plant will be a 6MW plant located in Spinasanta, followed by a 3.8 MWn plant at Cardonita and a 3.3MW plant at Sugherotorto . All plants are expected to be online by the end of this year.
===> … Read the rest
Analyst Rating Roundup (FSLR, ENOC, CWST, KDN)
A few analyst rating changes for today..
Hat tip to Street Insider for the analyst commentary.
Canaccord Genuity maintains Buy rating on Casella Waste Systems (CWST) and has a price target of $6 which is more than 50% higher than current levels. “We maintain our BUY on CWST with higher confidence that the company can improve recycling volumes within its recycling segment this fiscal year.” Shares of CWST aren’t moving on the positive comments, down … Read the rest
China Sunergy (CSUN) Renegotiating Acquisition of Module Manufacturers
In March, that China Sunergy was acquiring 2 module manufacturers, CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nan Jing) New Energy Co. Now, the company has announced that it is renegotiating that acquisition in light of concerns about their recent performance.
===> Click Here For Your FREE China Sunergy Analysis
In a press release, Mr. Lu Tingxiu, Chairman of China Sunergy, commented on the news:
“The renegotiation reflects China Sunergy’s dedication … Read the rest
MEMC Electronic Materials (WFR) Announces Completion Of Solaicx Acquisition
MEMC Electronic Materials just announced that it has completed its acquisition of Solaicx. MEMC paid $66 million cash for the company, plus roughly $1o million to equal recent investments by Soaicx security holders.
====> Click Here For Your FREE MEMC Electronic Materials Analysis
In a press release, Ken Hannah, President of MEMC Solar Materials, commented on the news:
“We are delighted to complete this acquisition and to welcome the employees of Solaicx. The acquisition … Read the rest
ReneSola (SOL) Issues Strong Preliminary Results, Raises Guidance
Renesola (SOL) is providing preliminary Q2 guidance this morning, beating previous estimates and is raising guidance for the 2nd half. The company reports official results on August 9th.
===> Click Here For Your FREE Renesola Analysis
* They expect total shipments for Q2 to be in the range of 250 – 260MW, exceeding previous guidance of 230 – 250MW
* Net revenues are expected to be in the range of $245 – $255 million, … Read the rest