Solar shares will have a tough time getting going today after the world’s largest solar cell manufacturer issued a profit warning. It appears Germany’s Q-Cells has changed its mind. Less than two weeks ago, a spokesman for the company said they had no plans to issue a profit warning, saying, “If Q-Cell were planning to send out a profit warning, I would have heard about it.” What a difference 10 days makes.
In a … Read the rest
Financial and term details aren’t available yet, but First Solar (FSLR) has announced this morning a multi year supply deal with German solar project developer Pfalzsolar.
“We are pleased to have gained Pfalzsolar as an additional customer in a key market at a key period for the evolution of solar electricity in Europe,” added John Carrington, executive vice president, global marketing & business development.
First Solar came under significant selling pressure a few days ago … Read the rest
It appears the credit markets are opening up a bit with several financing announcements made recently (although mostly out of China). First Solar (FSLR) and Juwi Holding AG have announced today they have secured financing for a 53MW plant in Germany that began in January and is expected to completed by the end of the year. This project is the ultimate “clean” energy project that not only provides solar energy power, displacing 35K tons of … Read the rest
Trina Solar (TSL) is announcing 3 new sales agreements with (yet unnamed with the exception of Bull Solar for 12MW) customers in Germany for delivery this year and totaling 42MW which is about 20% of what the company delivered all of last year so a decent sized order.
“We are pleased to see continued demand growth from traditional markets such as Germany,” said Arturo Herrero, Trina Solar’s Vice President of Sales & Marketing. “With our … Read the rest
It’s a real busy day in solar land. Suntech Power (STP) and Soleos Solar have entered into an agreement which has Suntech supplying Germany’s Soleos with at least 6MW of crystalline silicon PV modules in the first half of 2009 with the possibility of up to 30 MW over the course of the year.
David Mabille, Soleos’ CEO, remarked, “We are very pleased to extend our relationship with Suntech, who has a well-earned reputation for … Read the rest
Evergreen Solar (ESLR) announced this afternoon that the first stage of construction is nearly complete for one of Germany’s largest solar installations. The roof of a tunnel on Germany’s A3 highway will be outfitted with 16000 Evergreen Solar panels on 2.7 km and generate 2.8MW of energy which is enough to power around 600 homes annually.
“This project is a testament to the fact that when both government and developers work together in a … Read the rest
Yingli Green Energy (YGE) is announcing this morning that it will supply Goldbeck Solar of Germany with 15MW of solar modules to be used in industrial buildings in 2009 with the option of an additional 58MW to be purchased by Goldbeck. Goldbeck specializes in turnkey industrial PV rooftop and ground mounted systems.
“We look forward to working closely with GOLDBECK Solar in 2009,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green … Read the rest
According to StreetInsider.com, Piper Jaffray is out cutting estimates on the solar sector due to poor visibility. Piper analyst Jesse Pichel lowered industry estimates for the 1st half of 09 and downgraded their rating of Canadian Solar (CSIQ) to Sell and ReneSola (SOL) to Neutral due to low order visibility for Q1 in Germany and zero visibility in other markets but expects some recovery in late spring, early summer but only if credit markets … Read the rest
SunPower (SPWRA) announced early this morning a new contract with City Solar of Germany in which SPWRA will provide them with 100MW of solar panels along with commercial rooftop and ground mounted systems over the next 3 years.
Steffen Kammler, City Solar’s President and Chief Executive Officer, said, “With this deal, we can offer our commercial customers SunPower’s high-efficiency solar panels and patented rooftop and ground mounted tracking systems, which can significantly increase their energy … Read the rest
Canadian Solar (CSIQ) announced a 28MW sales contract with German installer IIiotec with an option for an additional 20MW in 2009.
Chairman and CEO Shawn Qu remarked: “These two contracts mark the seventh and eighth annual 2009 sales contracts we have signed with our long-term and loyal European customers in the past month. These contracts typically feature fixed prices for the first six months. The demand and pricing for Canadian Solar’s products remains strong and … Read the rest