Suntech has announced its intention to build a manufacturing plant in the United States, taking advantage of incentives from both the federal government and state governments. In company press release, the company called the move part of its plan to create a long-term US presence. In the press release, Dr. Zhengrong Shi, Suntech’s Chairman and CEO, said:
… Read the rest"We believe in the outstanding long-term prospects of the solar energy market in the United States, and we
First Solar just announced that will collaborate with National Bank of Arizona and SolarCity to build a 22 KW commercial solar installation in Phoenix, Arizona. The installation will be the second-largest in Phoenix and the first to use First Solar’s products. The installation will power National Bank of Arizona headquarters, placing 2,960 First Solar advanced thin-film modules on top if the carports that line the bank’s parking lot.
Why did National Bank choose First Solar? … Read the rest
China is making bold predictions about its renewable energy ambitions over the next decade. Alison posted an article about their wind energy ambitions earlier today and there is another article discussing their solar ambitions, saying they will smash their 2020 estimates for solar capacity.
In the article, a researcher for the National Development Reform Commission (the economic planning ministry) says China is set to smash its target for a roll out of solar power … Read the rest
FPL Group (FPL) reported earnings this morning and it was a strong quarter in a tough environment. The leading provider of wind and solar energy reported a non GAAP EPS number of .90/share beating estimates by .13/share.
It’s NextEra Energy Resources division which houses its wind and solar operations produced good results with an EPS of .62/share (a 13% increase over the year ago quarter) however the gains were driven by new investments in wind … Read the rest
China’s government continues to show it is willing to do everything it can to help advance clean energy initiatives. So far, it appears companies are having a far easier time getting help from China’s government than US based solar companies. This morning Canadian Solar (CSIQ) is announcing funding from the Suzhou Municipal Government to support commercial rooftop and BIPV solar projects in the Suzhou New District. The local government is matching the RMB 7.5 million … Read the rest
Cable TV tycoon Ted Turner believes clean energy offers the biggest opportunity the world has ever seen and compares it to cable TV 40 years ago in that the field is wide open and rife with opportunity. From Bloomberg:
“I’m putting my money where my mouth is and I’ve made a multimillion investment in solar power,” Turner, 70, said in the interview in Washington on April 24. “I’m looking to make an investment in … Read the rest
By Sam Hopkins
Get your Free Cleantech Report Today!
The global clean energy puzzle has more than one piece. . .
So today, let’s take a look at the pivotal pros and cons of renewable energy investing in different regions of the world.
As we check out the challenges as well as the opportunities in each place, we gain a more integrated view, and our investment choices can be honed.
North America
Pro: … Read the rest
Exelon and Sunpower just announced that they will work together to build the largest urban PV plant in the country in Chicago. The plant, which will be capable of generating 10MW of solar power, should be up and running by the end of this year. The plant will be located on a brownfield property, putting that property back into productive use.
The plans hinge on Exelon receiving money from the federal stimulus program for the … Read the rest
Bye Aerospace just signed a memorandum of understanding with Ascent Solar Technologies for the development of thin-film solar technologies that could be used in aviation. Bye Aerospace intends to start testing Ascent’s thin-film PV technologies in aircraft by the end of the year.
In a company press release, Dr. Joseph Armstrong, Chief Technical Officer of Ascent Solar, commented on the announcement, saying
“Applications such as those being developed by Bye Aerospace are able to utilize … Read the rest
OK, this is a great example of an earnings report that can be reported positive by one news outlet (the mainstream) and reported negative by me after one time gains are removed. You’ll find that most news outlets report the GAAP number which includes one time gains and losses, distorting the true organic growth or deterioration of a company.
Analysts had predicted that MEMC Electronics (WFR) would report its first quarterly loss since 2002 in … Read the rest