Solarfun Power (SOLF) is surging 4% in premarket trading after announcing it has (had) won three contracts to supply a total of 12.65 MW in PV modules for projects in China, most of which is for a project in Xuzhou City. The 10MW for this project were already delivered last quarter and the additional 2.65MW is for a government funded project in Anhui Province which are expected to be delivered sometime this year … Read the rest
Category Archives: Solar Energy
Yingli Green Energy (YGE) Signs Sales Agreements In Spain
Yingli Green Energy just announced that it has signed 5 sales agreements with Spanish customers, for a total of 30 MW. All 30 MW are expected to be delivered in the first half of 2010.
In a press release, Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented on the news:
“We are pleased to see continued demand for our high quality modules in Spain. Following the global financial crisis and … Read the rest
Ascent Solar (ASTI) Developing New Product Line
Ascent Solar is developing a new BIPV product line for use on standing seam metal roofs. Ascent is working with Energy Peak to test and perfect the product; both companies expect production to begin in the first half of this year and that Energy Peak will be able to buy modules and use them in roofing projects by the second half.
In a press release, Farhad Mogadam, CEO of Ascent Solar, commented
“We are … Read the rest
Wells Fargo (WFC) Upgraded FPL Group (FPL) To Outperform
FPL Group (FPL), the largest producer of solar and wind power in the US, got a Wells Fargo upgrade today from Market Perform to Outperform. Hat tip to StreetInsider.com for the following analyst comment:
“We believe shares deserve a premium valuation given a comparatively strong EPS growth and credit profile and below average earnings variability due to lower commodity price sensitivity…We project 5-year annual EPS growth of 7-8% (off a 2008 ongoing EPS base of … Read the rest
Hoku Materials (HOKU) Amends Supply Deal With Shanghai Alex New Energy
Hoku Materials just announced that it has amended a polysilicon supply contract with Shanghai Alex New Energy. Under the amended agreement, polysilcon amounts and financial details will stay the same, but the due date for delivery of the first shipment will be moved from the first quarter of 2010 to the third quarter of 2010.
In a press release, Dustin Shindo, chairman and chief executive officer of Hoku Scientific, commented on the new agreement:
“This … Read the rest
China’s Renewable Energy Revolution Has Only Begun
By Sam Hopkins of GreenChipStocks.com
Get your Free Cleantech Report Today!
With 2010 just around the corner, evidence is steadily mounting that this will be the year of a Chinese clean energy boom like none we’ve ever seen.
This past Saturday — the day after Christmas — western investors as well as ones based in the Middle Kingdom all got a gift from the National People’s Congress in Beijing…
A Lump of Clean Energy … Read the rest
SunEdison (WFR) To Build PV Installations in New Mexico For Xcel (XEL)
SunEdison, a subsidiary of MEMC Electronic Materials, just announced that it has been selected by Xcel Energy’s subsidiary Southwestern Public Service Company to build five 10 MW solar PV installations in New Mexico, for a total of 50 MW of solar power.
Under the terms of the agreement, SunEdison will finance and build the installations and Xcel will buy the power under a 20-year purchase agreement.
In a press release, Riley Hill, president and … Read the rest
MEMC Electronic Materials (WFR) Buys Stake In Eversol
MEMC Electronic Materials just announced that they have acquired an ownership stake in Taiwanese solar wafer manufacturer Eversol. To start with, MEMC Electronic Materials amended a contract with Gintech to allow it to purchase Gintech’s 8.36% interest in Eversol at the price Gintech originally paid for it. Then, MEMC spent 5 million more on an additional 5.1 million shares, meaning that it currently owns a 10.6% stake in the company.
In a press release, … Read the rest
SunPower (SPWRA) Dedicates New Solar Power System At Israeli HP Facility
SunPower just dedicated a new 50-kilowatt rooftop solar power system at HP’s Indigo Division Facility, located in Kiryat-Gat, Israel. The rooftop system was designed and built by Solarpower Ltd, using SunPower panels.
In a press release Howard Wenger, SunPower’s president of global business units, commented on the news:
SolarPower’s leadership in Israel was clearly an advantage to SunPower as we entered the market. On four continents, the proven performance of SunPower’s technology has achieved a … Read the rest
First Solar (FSLR), EDF In Talks With Blanquefort, France Regarding New Solar Manufacturing Plant
First Solar and EDF Energies Nouvelles just announced that they are in the end stages of talks with the French town of Blanquefort regarding the construction of a new solar panel manufacturing facility. The two companies plan to finance the plant together, then First Solar will manage the plant operations and sell the solar panels produced to EDF for 10 years. When it’s finished in 2012, the plant will produce more than 100 MW worth … Read the rest