According to Reuters, LDK just announced that it will work with China’s Suqian City to develop 300 megawatts worth of solar PV projects. The projects are expected to be complete by 2015.
According to Reuters, this project, as well as LDK’s recently announced partnership with Yancheng city, are most likely the result of China’s newly announced solar subsidies. … Read the rest
Yingli Green Energy just announced that they will be providing CTP, a Czech commercial property developer, with 5 MW of solar PV modules. Under the terms of the letter of intent, signed by both companies, CTP is expected to purchase the modules from Yingli in the fourth quarter of this year.
In a company press release, representatives from both companies commented on the deal:
“We believe Yingli is a value-added partner with its leading position … Read the rest
A surprisingly good quarter out of China Sunergy (CSUN) this morning. The company swung back to a profit in the quarter, posting .03/share excluding one time items on revenues of $70.1 million. Analysts were expecting .01/share and $60.79 million respectively. It looks like the company is finally getting its costs under control which it had been unable to do in the past 2 quarters.
Commented the CEO, “After two quarters of unfavorable economic conditions, we … Read the rest
Ascent Solar (ASTI) which develops the flexible, thin film CIGS solar modules, has announced this morning it has reached an important milestone on the path to certification of its product. In internal testing, its flexible packaging solution successfully passed heat testing of 1000 hours at 85% humidity and 85 degrees C which meets the guidelines set forth by IEC 61646 standards for thin film solar modules.
CEO Farhad Moghadam of ASTI said, “This is a … Read the rest
500MW seems to be the magic number with these long term projects. Just yesterday, LDK Solar (LDK) announced a 500MW project of its own in Yancheng City and this morning Canadian Solar (CSIQ) has obtained the rights to develop, operate and maintain a 500MW solar project in Baotou, Inner Mongolia over the next several years. The project, which is still subject to government approval, will be broken up into 3 phases with the first phase … Read the rest
LDK Solar (LDK) is a solar stock that looks mighty sick technically, but it is recovering after hours on news it has entered into an agreement with Yancheng City of the Jiangsu Province to develop 500MW in solar PV projects over the next 5 years. The projects will include ground mounted, rooftop and building integrated with all needing final government approval. As I always say, China government approval won’t be a problem when it comes … Read the rest
There’s a good article in the NY Times today discussing the push of China into the US solar market, particularly Suntech (STP) which has admitted to pricing panels at below cost in order to gain US market share. Just a few days ago the company claimed to now have 25% of the California market.
As we reported here back in May, Suntech plans to expand its presence in the US further in … Read the rest
A few analyst rating changes are out this morning..
Analyst comment below courtesy of StreetInsider.com.
Deutsche Bank is out this morning maintaining its hold rating on Canadian Solar (CSIQ) but is lowering the price target from $17 to $13. The firm says, “Recent inputs from various solar PV companies and less than hoped for improvement in the demand picture for larger systems (due to financing availability) cause us to reassess our outlook for solar … Read the rest
In comments made following earnings late last week, Suntech CEO Zhengrong Shi indicated that the Chinese government may soon roll out its largest solar subsidy program yet, which would send the China solars on another flight higher. He predicts that a feed in tariff program for utility scale solar plants would provide .16 – .22 kWh and be in place by the end of this year, requiring utilities to buy solar power at a … Read the rest
Tera-Barrier Films Pte. Ltd. just announced that Applied Materials has made a strategic investment in their company via its investment arm, Applied Ventures LLC. Applied’s investment money will be used by Tera-Barrier to develop moisture-resistant film for organic solar cells and flexible displays. The film will protect solar cells and electronics from moisture, decreasing cost and increasing life span.
In a press release, J. Christopher Moran, vice president and general manager of Applied Ventures, … Read the rest