LDK Solar just announced that is has finished building its first 5,000 metric ton train in its new polysilicon plant in Xinyu, China. Once completed, the plant will have an annual capacity of 15,000 metric tons.
In a press release, representatives of both LDK and Fluor commented on the achievement:
“We are very excited to reach this major milestone in the construction of our 15,000 MT polysilicon facility,” commented Nick Sarno, Senior Vice … Read the rest
Canadian Solar just announced that it intends to bump up its yearly production of solar modules from 620 MW to 800 MW. The increase in production is scheduled to be in place by mid-August, and will prepare the company for an expected increase in demand.
To meet the new production goals, Canadian Solar plans to hire 2,000 additional workers on top of its existing staff of 3,000.
In an article from Reuters, Canadian Solar’s … Read the rest
Yingli Green Energy just announced that it has signed a sales agreement with China Mobile’s Shanxi subsidiary. China Mobile is building a video monitoring system in Shanxi to help catch forest fires, and Yingli will provide them with off-grid PV modules to help power the system. Under the contract, Yingli will provide a total of 269 units, which will provide .49 MW of power.
At the same time, Yingli announced that it has been chosen … Read the rest
First Solar and Lend Lease just announced that they have signed a new supply agreement. Under the contract, first Solar will supply Lend Lease with 10 MW worth of solar panels, starting right away. Lend Lease will use these panels in the construction of homes in Australia.
In a press release, executives from both companies commented on the deal:
“We are pleased to be working with First Solar, one of the leading solar companies, … Read the rest
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
Hoku Scientific (HOKU) reported earnings after the bell yesterday, but it isn’t the earnings that’s driving the stock down this morning, it’s concern that the company won’t be able to raise enough cash to fund construction of its Idaho polysilicon plant and possibly remain in business. The company has a $106 million gap that it’s working to fill through customer pre payments and financing. However, due to a tough credit market, the company is acknowledging … Read the rest
Hat tip to StreetInsider.com for this alert today:
Collins Stewart doubled its price target on Trina Solar (TSL) from $11 to $22 and maintained its Buy rating saying, “A combination of factors drives the adjustment to our price target. Since we launched coverage, the prospect for China to become a significant consumer of solar modules has improved, as a limited solar subsidy program has been announced and more are expected in the months ahead. Valuations … Read the rest
Yingli Green Energy (YGE) has signed an agreement today to be the exclusive polycrystalline PV module supplier for AES Solar for the next three years. Financial terms of the deal haven’t been disclosed.
”We are very much looking forward to cooperating with AES Solar as they work towards supplying homes and businesses around the world with power from their leading utility-scale solar installations,” commented Mr. Liansheng Miao, chairman and chief executive officer of Yingli Green … Read the rest
COLEXON Energy selected First Solar’s solar panels for its new installation in Tempe, Arizona. The installation will provide 108 kWp of power to Arizona State University. In a posting on PV-Tech.org, COLEXON’s CEO commented on the project and the company’s partnership with First Solar:
“With this project we gain a foothold in an important market, commented Thorsten Preugschas,” CEO of COLEXON Energy AG. “After our successful market entry in the USA, we are planning further … Read the rest
Evergreen Solar just announced the release of its new black-framed string ribbon solar panel. The new product is identical to the ES-A Series line of 200, 205 and 210 W solar panels, except with a black frame instead of silver, allowing customers to create a more aesthetically pleasing display. Dr. Terry Bailey, Senior Vice President of Marketing and Sales, commented on the new product in a company press release:
“The black-framed ES-A series panels … Read the rest