OK, it’s not quite a done deal yet, but First Solar (FSLR) has signed a memorandum of understanding with China to build the world’s largest solar power plant in the desert of Inner Mongolia (Ordos City). The 2GW plant would be completed in phases over the next 10 years with a 30MW demo project to begin next summer, a 100MW and 870MW project to be completed by 2014 and the final 1000MW phase to be … Read the rest
Category Archives: Solar Energy
MEMC Electronics (WFR) Lowers Guidance Following Plant Failure, Announces 2 Plant Closures
MEMC Electronics (WFR) is trading down about 5% with heavy volume after it lowered guidance due to a recent failure at its Pasadena, Texas plant. The company has disclosed that on Aug 7th, a portion of the plant had to be shut down due to a major equipment failure and that rebuilding has been more difficult than expected. While the company expects to be back to normal operations by the end of September, lost production … Read the rest
Trina Solar (TSL) Gets $300 Million Loan For Expansion
Trina Solar (TSL) received a 5 year, approximately $300 million loan with a floating interest rate from five China banks, led by the Agricultural Bank of China to fund a 500MW capacity expansion at its East Campus. … Read the rest
France’s Casino Group To Use Sunpower (SPWRA) Solar Panels In 14MW Deal
French retailer Casino group will use Sunpower (SPWRA) solar panels to kick start a renewable energy push across its supermarket stores in France and the islands of Mayotte and La Reunion. The retailer will install a total of 14MW of solar panels on rooftops and parking structures beginning later this year using Sunpower’s high efficiency 315 watt and 305 watt panels. Similar systems have been installed at Target, Walmart, Macy’s and Lowe’s here in the … Read the rest
Solarfun (SOLF) To Develop 600MW In Solar Projects In Hohhot City
Solarfun (SOLF) announced this morning that their Jianghsu Linyang subsidiary has signed a letter of intent with the government of Hohhot City in the Inner Mongolia region to develop two solar projects with a total capacity of 600MW along with a 100MW production facility.
The Solarfun CEO commented, “Hohhot City has been approved to be one of the pioneer cities for using PV systems by the National Development and Reform Commission and it is a … Read the rest
LDK Solar Enters Framework Agreement With Best Solar Company
LDK Solar just announced that it has entered a framework agreement with Best Solar Company. Under the agreement, the two companies will work together on downstream PV projects, with LDK providing solar wafers to Best Solar, and Best Solar assembling them into solar modules.
In a press release, Xiaofeng Peng, Chairman and CEO of LDK, commented on the agreement:
“Although we have established a PV engineering company to construct solar power stations in and … Read the rest
Yingli Green Energy (YGE) Signs Recycling Deal With SiC
Yingli Green Energy just announced a cooperation and supply agreement with SiC Processing AG to recycle its silicon manufacturing waste. Under the agreement, SiC, which has a processing facility inside Yingli’s Baoding plant, will double its capacity to be able to handle Yingli’s exhausted siicon cutting slurries, from 15,000 tons to 30,000 tons. The expansion will be completed by next year, and SiC will supply the recycled silicon components exclusively to Yingli until 2020.
In … Read the rest
Solarfun (SOLF) Granted RMB400 Million In Credit From Bank of Shanghai
Solarfun just announced that it has been granted credit in the amount of RMB400 from the Bank of Shanghai. The credit was granted to Solarfun’s subsidiary Jiangsu Linyang Solarfun Co., Ltd, and RMB 300 million of it is a 3-year loan.
In a press release, Solarfun President Peter Xie commented on the news”
“The additional credit facility provided by Bank of Shanghai gives us greater flexibility as we continue to
execute on our growth strategy … Read the rest
Evergreen Solar (ESLR) and Jianwei Solar Break Ground On New Plant
Together with its partner Jianwei Solar, Evergreen Solar held a groundbreaking ceremony today in Wuhan, China to mark the start of the construction of their 100 MW manufacturing plants. During the ceremony, leaders from both companies were joined by political leaders from Wuhan City and Hubei province. Construction on the plant began last month and is set to be completed by next spring.
In a press release, Evergreen Solar Chairman, President and CEO Richard … Read the rest
China Sunergy (CSUN) Announces Sales Contract With Nu Energy
China Sunergy just announced a new sales contract with NUE PTY Ltd, aka “NU Energy,” an Australian PV firm. Under the contracts, China Sunergy expects to ship Nu Energy 10MW of monocrystalline solar modules by early 2010. Shipments started in June of this year, and an ongoing sales relationship between the two companies is expected.
In a company press release, executives from both companies commented on the contracts:
“Australia represents another new market for … Read the rest