Tag Archives: contracts

China Sunergy (CSUN) Expands Into Italy With Renergies Italia Contract

China Sunergy just scored a 53 MW sales framework agreement and a 3 MW sales contract with Italian solar module manufacturer Renergies Italia. The 53 MW sales framework agreement covers 6 years, but the agreement is not legally binding to either China Sunergy or Renergies Italia-the two companies will negotiate separate contracts that may total 53 MW over the next 6 years. The first 3 MW sales contract has already been signed, and China Sunergy … Read the rest

Real Goods Solar (RSOL) Gets $30 Million Contract With California School District

Real Goods Solar just announced that the Fremont Union High School District has hired them to design and install 3.65 MW worth of solar power modules. The contract, which has a value of at least $30 million, is the largest purchase of solar power by a school district. The modules will be installed on carports at the schools, and are expected to save at least $12 million in power costs to the district over the … Read the rest

EnerDel (HEV) Gets Order From AC Transit

EnerDel just announced that they have signed a contract to supply AC Transit with lithium-ion batteries for buses. AC Transit is buying 16 new hybrid electric fuel cell buses, and EnerDel will supply advanced battery systems for all 16 of them. The buses will be powered by lithium batteries and tanks of hydrogen that fit on top of the vehicles.

In a press release, executives from both AC Transit and EnerDel commented on the deal: … Read the rest

Vestas Wind Systems (VWSF) Gets Turbine Orders From Italy And Romania

Vestas Wind Systems just announced that it has received turbine orders from Romania and Italy. The Italian order consists of 37 V90-2MW wind turbines to be installed in Sardinia for EDF Energies Nouvelles. Here are the details of the order, from Power Engineering International:

The contract includes supply, installation and commissioning of the turbines and a five-year service agreement. The wind turbines will be delivered to a project in the municipality of Bonorva in

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Hoku (HOKU) Signs New Polysilicon Agreement With Alex New Energy

Hoku Materials, Inc just announced that it has signed a new 10-year polysilicon supply agreement with Shanghai Alex New Energy Company, Ltd. Under the contract, Hoku will resell a portion of the polysilicon production capacity it recaptured after amending a contract with Jiangxi Jinko Solar Company. Alex New Energy had been planning to buy Hoku polysilcon indirectly from Jinko, but will now buy directly from Hoku instead.

Hoku has amended the contract with Jinko as … Read the rest

BP Solar (BP) Signs Supply Deal With Xantrex (XTX)

BP Solar announced that it has signed a supply deal with Xantrex Technology. Under the terms of the agreement, Xantrex will supply BP with residential grid tie (GT) solar power inverters. These inverters, which feature 96% efficiency and maximum AC output of between 2.8 to 5 KW, will offered to customers as part of BP Solar’s Home Solutions PV rooftop systems.

From pv-tech.org, here’s what the leadership team of both companies had to say … Read the rest

MEMC Electronic Materials (WFR) Cuts Contract Price With Gintech

Earlier this week, MEMC Electronic Materials announced it would decrease the price that Suntech Power Holdings is paying for its solar wafers. Now, they have changed their contract with Gintech Energy as well. The change in the contract is similar to the change made to Suntech’s contract-price per wafer is dropping, but the volume of wafers will be increased so that the ultimate revenue from the contract remains unchanged.

Here’s Eric Savitz from TechTrader DailyRead the rest

IBM (IBM) Hired To Create Malta’s Smart Grid System

IBM has been hired by 2 Maltese companies, Enemalta Corporation and Water Services Corporation, to design and install a smart grid for the entire nation. Under the terms of the 70 million euro agreement, IBM will create a smart grid system to manage electricity and water use, replace the country’s analog meters with smart meters, and integrate the utility systems to allow for remote monitoring and management. The major benefits of the system include … Read the rest

Vestas (VWSYF) Receives Italian Turbine Order

Vestas Wind Systems has received a wind turbine order from Parco Eolico Ordona, an Italian subsidiary of Inergia. Under the terms of the agreement, Vestas will deliver and install 13 units of its V90 2MW wind turbine and its VestasOnline Business supervisory control and data acquisition system. Vestas will also provide a 5-year service and availability agreement on the turbines.

The turbines will be used to create a wind power plant near the Italian town … Read the rest

National Grid Places D-VAR Order With American Superconductor Corporation (AMSC)

National Grid, the company that manages power in Long Island, New York, for American Superconductor Corporation’s D-VAR Statcom service. This Smart Grid service will help maintain the efficiency and reliability of Long Island’s electrical grid. Under the agreement, AMSC will install the D-VAR Statcom service for National Grid by 2010.

About the D-VAR Statcom service:

D-VAR dynamic reactive compensation systems are classified as Static Compensators, or “STATCOMs,” a member of the FACTS (Flexible AC-Transmission System)

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