The Tres Amigas Project will be the nation’s first renewable energy market hub, which aims to connect 3 main power grids in the US (Eastern, Western & Texas Interconnections), allowing for a faster adoption of wind, solar and geothermal energy. American Superconductor (AMSC) will be a big beneficiary in the nation’s move to an updated, smarter power grid. The company is announcing this morning that it will buy a minority stake in Tres Amigas LLC … Read the rest
Category Archives: Solar Energy
California Remains Clean Energy King With New Solar Initiatives
California continues to lead the way for the US in the alternative energy revolution. Arnie Schwarzenegger has signed two new laws and an agreement with the US Dept of Interior to speed development of solar and other alternative energy projects in the coming years.
One is AB 920 which requires utilities to pay consumers for solar electricity that they generate over and above their home needs instead of capturing it for their own profit. The … Read the rest
Akeena Solar (AKNS) Receives Recognition From Popular Mechanics
Akeena Solar just announced that their Andalay AC solar panel system won a Popular Mechanics Breakthrough Product Award. The award, which was presented to Akeena’s CEO Barry Cinnamon in a ceremony on Thursday, recognizes “world-changing innovations”- in Akeena’s case, a grid-ready system that performs well, with fewer breakdowns.
In a press release, Cinnamon commented on the award:
“Andalay AC’s reliable performance and installation simplicity are a giant step forward for the solar industry,” said Akeena … Read the rest
Applied Materials’ Sunfab Production Line Selected For Indian Solar Project
KSK Surya Photovoltaic Venture, Private Limited (KSK) has contracted with Applied Materials to buy two Applied SunFab™ Thin Film Lines, used to produce high-power output 5.7m2 solar panels. The lines will be installed in the 150 MW production facility that KSK Surya is building in Hyderabad, India. Under a 5 year service agreement, Applied Materials will support and maintain the lines.
In a press release, Dr. Mark Pinto, senior vice president and general … Read the rest
Enbridge (ENB) To Purchase Solar Energy Project In Ontario From First Solar (FSLR)
Enbridge and First Solar just announced that Enbridge will acquire a 20 MW solar energy project that First Solar is constructing near Sarnia, Ontario. When the project is complete at the end of this year, it will be the largest PV solar energy plant in Canada, powering about 3,200 homes. Under the agreement, First Solar will continue to provide operations and maintenance services for the plant after construction is completed.
In a press release, … Read the rest
Recurrent Chooses Energy Conversion Devices (ENER) For 4.8 MW Spanish Solar Project
Energy Conversion Devices just announced that it has been selected by Recurrent Energy to provide 4.8MW of its UNI-SOLAR photovoltaic (PV) laminates to be used on eight building rooftops at 2 business parks owned by Prologis in Spain. Energy Conversion Devices’ Solar Integrated subsidiary will provide development resources.
In a press release, Mark Morelli, Energy Conversion Device’s president and CEO, commented on the deal:
This new agreement is the first example of the benefits … Read the rest
Canadian Solar (CSIQ) Joins Forces With Satcon (SATC)
Canadian Solar just announced that it has signed an agreement with Satcon, the utility scale power solutions provider. As part of the turnkey solution distribution agreement between the two companies, they will be bundling Canadian Solar’s commercial solar PV systems with Satcon’s commercial solar PV inverters and marketing them together.
This should benefit customers by making it easier for them to design and install a solar power system that meets their needs. It also meets … Read the rest
Sunpower (SPWRA) Gets JMS Buy Rating
Janney Montgomery Scott initiated coverage on SunPower (SPWRA) with a Buy after the bell yesterday with a price target of $45.
Hat tip to StreetInsider.com for the following analyst comment:
“SunPower is a technology leader and has the strongest brand in the solar industry. The Company’s position downstream will allow it to drive sell-through, react quickly to changes in pricing and demand levels, and better manage its variable, balance of system (BOS) costs, associated with … Read the rest
First Solar (FSLR) Up On S&P Addition, Upgrade To Buy
First Solar (FSLR) is up a bit in premarket trading after it was announced last night the company would join the S&P500, replacing Wyeth. The upgrade from Janney Montgomery Scott to Buy is also helping. The firm has a price target of $185.
Hat tip to StreetInsider.com for the following analyst comment.
“We believe that First Solar’s cost leadership and deep experience will continue to differentiate the Company in the increasingly competitive photovoltaic industry. At … Read the rest
Trina Solar (TSL) Furthers Italian Expansion With 73MW Kerself Supply Deal
Trina Solar (TSL) announced after the bell yesterday that it has entered into a 73MW sales agreement with Kerself which is a leading Italian solar company. Trina will supply Kerself with an initial 23MW of PV solar modules in the 4th quarter of this year and another 50MW in the first half of the next year.
Said VP of TSL Arturo Herrero, “We are excited to announce this new sales agreement with Kerself Group to … Read the rest