Yingli Green Energy just announced that it will supply its PV solar modules to SDIC Huajing. Yingli was selected by SDIC Huajing to supply the company with solar modules to power its 10 MW on-grid solar power plant project in Dunhuang, Gansu Province. The plant has already been given the green light by the province’s Development and Reform Commission.
In a company press release, executives from both companies commented on the agreement:
“We are … Read the rest
According to 24/7 Wall St, JP Morgan (JPM) is out with several solar ratings changes this morning, most notably an upgrade of Evergreen Solar (ESLR) two notches to Overweight with a doubling of the price target to $5/share. Shares are trading up about 6% in premarket trading. First Solar (FSLR) continues to get hit with cautious analyst comments and downgrades with JP downgrading it this morning from Overweight to Neutral due to a fear … Read the rest
Raise a glass for Akeena Solar…the company just helped Silver Mountain vineyards, an organic vineyard in Santa Cruz, California, convert to 100% solar energy using its Andalay solar panel system. The 264 panels are installed on a 6,000 square foot roof to create a 48-KW system, enough to supply all of the winery’s energy needs. The roof is multi-functional-in addition to producing energy, it also provides shade for the winery to reduce the amount of … Read the rest
An increasing number of solar deals are coming out of Italy. LDK Solar (LDK) is getting a bit of a pop premarket on news that it will work with Italy’s SAEM beginning this month to build five 1MW solar PV plants in the Apulia region of Italy. LDK will supply the solar wafers and SAEM will provide just about everything else including system integration.
“We are very eager to increase LDK Solar’s presence in Italy,” … Read the rest
Wouldn’t it be wonderful if you could charge your cell phone just by setting it out in the sun? As long as the sun was shining, you’d never have to worry about forgetting your charger and running out of juice!
This month, Samsung is releasing a new cell phone called the Crest Solar. As the name suggests, the Crest Solar is equipped with a small solar panel to help charge the phone. So, will the … Read the rest
The news of the Wells Fargo/Sunpower financing deal after the bell yesterday is great news for Sunpower and the industry in general. This is the kind of deal that can truly get solar power moving in the right direction.. and quickly. Private financing is key. Wells Fargo has now provided more than $1.75 billion in financing for alternative energy projects in the last three years and is looking to provide more.
“We see increasing opportunities … Read the rest
Trina Solar just announced that it received $57 million worth of new credit facilities from China’s Standard Chartered Bank. The funding will help the company buy more raw materials and provide a buffer against foreign exchange risks. This brings Trina Solar’s total available credit up to $520 million from approximately $460 million.
In a company press release, Terry Wang, Trina Solar’s CFO, commented on the news:
“The credit facilities offer us greater flexibility to strengthen … Read the rest
Canadian Solar (CSIQ) is popping this morning after the company announces 120MW in existing and new sales. 30MW of that comes from Spanish company Systaic which is part of annual supply agreement announced last year, so nothing new here. They don’t get into details in the press release, but they are also announcing it has signed or reconfirming another 90MW of solar modules to be delivered from June to October to 24 customers across Europe, … Read the rest
According to Barron’s, First Solar’s (FSLR) largest customer Phoenix Solar (according to Hapoalim Securities analyst Gordon Johnson), has issued a warning, saying not to rely on previous earnings estimates due to a continued decline in pricing for solar modules, customer buying resistance and increased devaluation requirement for current inventories. The company will only issue guidance once prices have stabilized but they do expect positive EBIT for the year.
Based on this, Gordon Johnson issued a … Read the rest
Correction: Deutsche Bank raised the target from $167 to $170
First Solar (FSLR) held its analyst day yesterday in Vegas, reiterating near term challenges but optimistic about the future. Deutsche Bank is weighing in with its own comments saying the company is entering a transitional period as it looks to open new markets. It believes the company is uniquely positioned as one of a few solar companies that can grow the solar PV market beyond … Read the rest