Jul 2, 2009 (18 hours ago)
BAODING, China , July 2 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or "the Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has been selected by SDIC Huajing Power Holding Co., Ltd. ("SDIC Huajing"), a subsidiary of the State Development and Investment Corp. ("SDIC"), to supply PV modules for a 10 MW on-grid solar plant in Dunhuang, Gansu Province , which has been approved by the provincial Development and Reform Commission in Gansu . "We are pleased to be partnering with Yingli Green Energy, one of the leading global manufacturers of PV modules, to develop the Dunhuang project together," commented Mr. Weidong Wang , General Manager of SDIC Huajing. "As a leading state owned electricity supplier, we have both the responsibility and opportunity to make renewable energy a reality in China , and we believe this 10 MW project demonstrates our commitment to this goal. Our advantage lies in our ability to leverage our established network of existing traditional power projects and manpower already on the ground in Gansu . We are confident that wester..
Jul 2, 2009 (18 hours ago)
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Lightwave Power, Inc., a company focused on commercializing breakthrough improvements to solar cells and panels using novel light management films, together with Iowa State University, today announced the reception of a $450,000 award from the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) as part of the Photovoltaic Technology Incubator Program. The total anticipated subcontracts under the 2009 American Recovery and Reinvestment Act, is $6 million. The two organizations will partner to develop a novel roll-to-roll photonic-enhanced thin film solar cell. The new design is expected to lead to increased solar cell performance and decreased cost through increased long wavelength light absorption. David Anthony, Managing Partner of 21Ventures who together with The Quercus Trust is an investor in Lightwave Power, said “This program is exciting and we expect it to lead to new ways to increase the performance and decrease the costs of solar cells.”
Jul 2, 2009 (18 hours ago)
MONTREAL--(BUSINESS WIRE)--ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that it has signed a global licensing agreement with Energizer (NYSE: ENR). Under the terms of this agreement, Energizer, one of the world’s largest manufacturers of primary batteries and flashlights, will grant ICP Solar the global rights to its trade name for solar-powered chargers and related products. The agreement, to run three (3) years, takes effect immediately. “Teaming with Energizer is a very significant achievement for ICP Solar and speaks to both the high quality of our products as well as our reputation for technology innovation,” said Sass Peress, CEO. “Energizer is a leader in providing portable power for numerous applications worldwide, and we are proud to be working with such an esteemed organization going forward. We will begin rolling out products in North America as soon as the third quarter and anticipate these sales will further bolster our financial performance heading into 2010. We plan to launch two dedicated websites – www.energizersolar.com and www.energizersolar.eu – la..
Jul 2, 2009 (1 day ago)
Reply to: job-kybym-1245876427@craigslist.org Date: 2009-06-29, 6:01PM EDT PV Systems Project Manger Position Summary: Manage and coordinate installation construction project details for PV Systems. Responsibilities: • Coordinate activities between sales, engineering, purchasing, manufacturing, and installation crew to successfully implement PV systems • Directly interact with customers and suppliers to ensure projects meet customer expectations as well as contractual obligations • Manage project schedule • Communicate risks to schedule where appropriate • Track cost performance against budget • Ability to prepare layouts when required • Support multi-faceted projects to schedule Job Qualifications: • BS ME, EE, IE or related project management background • 5 to 10 years experience in facility project management • Field construction experience in both electrical and mechanical installations • Familiarity with solar PV systems, electrical codes • Demonstrated ability to manage projects • Excellent communication skills • Proficiency in MS Office Suite, including Word, Excel, MS Project • Ability to travel Spire Corporation is a Massachusetts corporation incorporated in 1969 with its ..
Jul 2, 2009 (1 day ago)
Reply to: fred@solartecusa.com Date: 2009-06-30, 3:13PM PDT SOLAR INSTALLERS AND MRKETING PERSONEL ARE NEEDED SolarTec USA is seeking talented, enthusiastic & committed people to join its expanding operation for SOLAR INSTALLERS. Installer must be Licensed Installers with C10 or C46 preferred. We also have solar installation TRAINING for individuals on July 11 & 12 from 8am – 5pm. The fee is $395. Please email your resume to: Fred@SolarTecUSA.com. Or Contact Us at: (888) TRY 1 SOLAR or (888) 879-1765 Compensation: Per job performance and commission. This is a contract job. Principals only. Recruiters, please don't contact this job poster. Please, no phone calls about this job! Please do not contact job poster about other services, products or commercial interests.
Jul 2, 2009 (1 day ago)
Weizmann Institute created a milestone in the field of alternative energy in association with AORA. AORA is a leading Israeli solar energy technology company. It launched the world's first hybrid solar thermal power station at Kibbutz Samar in southern Israel. During the inaugural launch of the powerhouse, guests from other countries such as Spain, [...] Posted in: Future Energy , Industry , Solar Power
Jul 1, 2009 (2 days ago)
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that the Company is a founding member of the Green Energy Alliance, a strategic affiliation with RS&H, one of the nation’s leading facilities and infrastructure consulting/engineering firms, and K Power Inc., a provider of full service solar energy solutions to commercial and industrial users. The Green Energy Alliance will combine member areas of expertise providing turn-key solar solutions including project financing to commercial and solar park projects located in North America and the Caribbean. RS&H and K Power are leaders in energy and power generation/construction and as a combined entity possess the ability to build commercial solar projects and solar parks that could extend to well over 100 megawatts. The newly formed relationship will provide Solar Energy Initiatives with both new business relationships and access to capital through affiliated re..
Jul 1, 2009 (2 days ago)
NOVATO, Calif.--(BUSINESS WIRE)--SPG Holdings, LLC, announces the closing of a $13 million equity financing through the Global Environment Fund and Robeco. SPG Holdings, LLC includes SPG Solar, Inc., a leader in design and installation of photovoltaic power systems and Thompson Technologies Industries, Inc., which designs, manufactures and sells innovative and best-of-breed solar photovoltaic (PV) products. SPG Holdings is utilizing the funds to support growth both nationally and internationally. The funding will continue to allow SPG Holdings to secure the appropriate level of materials and resources to support its development plans for business. “The solar industry appears to be on the verge of its largest growth cycle,” says Thomas Rooney, chief executive officer of SPG Solar. “We want to capture that growth and expand SPG Holdings along with it. When we look back 10 years from now, we’ll likely see growth that will have eclipsed the advances of the last eight years. With a pro-solar administration in Washington and new markets emerging worldwide, the expansion opportunity for solar energy is favorable.” “This is a great opportunity for SPG Holdings,” says Dan Thompson, founder ..
Jul 1, 2009 (2 days ago)
THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, announced the results of its Annual Shareholder Meeting held on June 30, 2009 in Golden, Colorado. Shareholders elected Ron Eller to the Board to serve until the 2012 annual meeting of stockholders. Mr. Eller is chief executive officer of Monroe Street Capital LLC, a private equity firm formed in 2009. From December 2008 until May 2009, Mr. Eller served as a managing director of Capital Preservation, Inc., a private equity firm. From 1994 until March 2008, Mr. Eller held various positions at Hewlett-Packard Company, an integrated technology firm, including Vice President and General Manager of the NetServer business from 2002 to 2003 and, more recently, Vice President and General Manager of the software and system integrator channels of the Technology Solutions Group. Mr. Eller holds a B.S. degree in Professional Aviation from Purdue University, and an M.S. degree in Business from Colorado State University. Shareholders re-elected Dr. Amit Kumar and Richard Swanson also to serve until the 2012 annual meeting, as well as re-electing Richa..
Jul 1, 2009 (2 days ago)
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Ellis Energy Investments, Inc. announced today that it has acquired the assets of Pyron Solar, Inc. Pyron Solar is the manufacturer of the Pyron Solar Triad, the leading CPV Power Generator for utility scale installations. The company uses a patented and powerful solar concentrator that harnesses the sun’s energy with high-energy (HE) conversion and unlimited scalability. In developing the unique and proprietary HE Optics System, Pyron Solar engineers have overcome some of the most challenging issues affecting the implementation of solar technology on a wide scale; including solar cell heat transfer, wind, shadow and maintenance issues, and, of course, cost considerations. Ellis Energy Investments adds Pyron Solar to its portfolio of companies that includes Sierra Process Systems, providing oil recovery, oily residuals separation, and recycling services to its refinery and power customers throughout the United States, and Global Mastics, a company that uses a patented process to thermally desorbe refinery mineral fillers to enhance various asphalt products. Stan Ellis, CEO of Ellis Energy Investments stated, “We are very excited about this acqu..
Jul 1, 2009 (2 days ago)
The Solar Impulse Website has great images and videos supporting the press release info below: From Swiss watchmaker Omega : The development of a performance simulation and testing system (system test bench) for the Solar Impulse project led by Bertrand Piccard and André Borschberg, whose objective is to develop and build an exclusively solar-powered airplane and to fly it day and night by 2009, and around the world by the end of 2011. Known for its precision-technology watches, the development of innovative timekeeping equipment and its historic role as Official Timekeeper of the Olympic Games, Omega has been deeply involved together with the Group Team in the development of the airplane’s engine and of the system test bench used to test various components of the Solar Impulse airplane. A member of Swatch Group, the world’s largest watchmaking Group and a leading provider of advanced technologies to a variety of industries, Omega contributes its high-profile brand presence, communication support and essential technologies developed by Swatch Group specialists in the areas of automation and the development of test equipment to the Solar Impulse project. Solar Impulse Test Bench Th..
Jun 30, 2009 (3 days ago)
TORONTO--(Marketwire - June 29, 2009) - Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") ( NASDAQ : CSIQ) today announced it has received a purchase order from Systaic AG (SYSCF) for 30 MW of solar modules to be delivered to Spain. This is a specific purchase order under the 60 MW annual supply agreement that the two companies announced in October of 2008. Delivery under the agreement has already started. Including this new 30MW purchase order, the Company has recently signed or reconfirmed sales contracts, contract extensions or received purchase orders for delivery of about 120MW of solar module products to 24 customers in Europe, North America and Asia. Most of these deliveries are expected to take place from June to October. Dr. Shawn Qu, Chairman and CEO remarked, "We have insisted on quality products and services, long-term partnerships and prudent financial management. We are pleased that our efforts have paid off. The recent 'flight to product quality and financial strength' by customers, coupled with very competitive pricing have resulted in strong demand for our solar modules. The relationship between Canadian Solar and Systaic is a good example. The two com..
Jun 30, 2009 (3 days ago)
SARATOGA SPRINGS, NY--(Marketwire - June 30, 2009) - Atlantic Energy Solutions, Inc. ( PINKSHEETS : AESO) is pleased to announce that they have been awarded with their second multi-million dollar energy efficiency project from a Long Island, NY School District. This exciting project entails a new 400kw solar photovoltaic system, a 500kw cogeneration system, IT Network Management, weatherization, major HVAC renovations, and boiler and lighting replacement. Atlantic indicates that in similar fashion to the previously announced Long Island school district award, this site was also looking to be energy efficient and envrionmentally cautious in its journey leading them to Atlantic Energy Solutions. These new changes, along with over $500,000 in LIPA solar incentives, the school district and their taxpayers will realize energy savings of over $700,000 annually. Timothy Brock, CEO, of Atlantic Energy states, "We are pleased to be working with this school district and in being able to support their objectives for green technology innovation and energy savings. I'm especially proud of the effort of the Atlantic Energy team and their relationship with school district administrators, as we w..
Jun 30, 2009 (3 days ago)
CHANGZHOU, China , June 30 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL ) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that one of the Company's key solar module glass suppliers, Beijing Hua Mei Dazheng Technology Co. Ltd ("Beijing Hua Mei"), has signed an investment agreement to establish a production facility in the Changzhou Trina Photovoltaic Industrial Park. The agreement was signed with the Changzhou National High Tech District to build a production facility adjacent to Trina Solar's manufacturing campus. Construction of the facility is planned to start in the second half of 2009, with production expected to begin in the first half of 2010. Beijing Hua Mei is one of the first PV glass companies to be established in China and has supplied Trina Solar since 2007. Trina Solar has entered into a long term agreement to purchase solar module glass produced by the new Changzhou production facility. "We are excited by the ongoing developments of the Changzhou Trina PV Industrial Park and the opportunity to continue form..
Jun 30, 2009 (3 days ago)
CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric & Electronics USA, Inc. and Perpetual Power (P2) have announced the completion of four solar-powered deep water wells at Limoneira Company’s Ducor Ranch. The four solar 250kW AC arrays include single-axis tracking systems which are expected increase power output of each array by 15% by maximizing the amount of sunlight collected by the panels. When operating at full capacity, the 6,400 ground-mounted, high-efficiency photovoltaic panels can generate 1MW of AC energy for the Limoneira Company, which grows and processes lemons, avocados, oranges, specialty citrus, pistachios and cherries on its orchards in Santa Paula, Calif. Limoneira’s solar electric system is expected to produce 2,300,000 kWh of electricity annually. Perpetual Power, a San Francisco-based company, designed and installed the four 250kW AC solar electric systems for Limoneira Company. “Using solar energy to irrigate Limoneira’s orchards was a perfect compliment to their existing 1MW solar array. The four new solar systems not only save the company money, they keep the air clean, which is very important to the whole community of Santa Paula,” says Mark Palamountai..
Jun 30, 2009 (3 days ago)
ATHENS, Greece--(BUSINESS WIRE)--VioSolar Inc. (OTCBB-VIOSF; Frankfurt-SDE-F) is pleased to announce that it has signed an irrevocable memorandum of understanding (MOU) with a privately held Greek corporation (‘target company’) to purchase eighty-five percent of its shares. The target company has 100 kilowatts of production and licenses to build an additional 1 megawatt, with 200 kilowatts in the construction phase. “We are very pleased with the result of this acquisition, as it establishes VioSolar as a valid player in the photovoltaic sector in Greece.” stated Rick Walchuk, President and CEO. “Greece is an excellent market, with its high feed-in-tariffs and government grant policy. We are also pleased that the founder and majority shareholder of the target company will remain as an integral part of the company. His knowledge and experience will be a valuable asset for VioSolar Inc. going forward”. “Concurrent with this MOU we are in discussions on a number of other projects in Greece and hope to announce further acquisitions in the near future. Our management team and consultants have identified several promising targets and have negotiations ongoing.” also stated Mr. Walchuk. Cl..
Jun 30, 2009 (3 days ago)
KINGSTON-UPON-THAMES, England--(BUSINESS WIRE)--QuantaSol Ltd, a new independent designer and manufacturer of strain-balanced quantum-well solar cells, has developed what it believes to be the most efficient single junction solar cell ever manufactured. Developed in just two years, QuantaSol's single-junction device has been independently tested by Fraunhofer ISE as achieving 28.3% efficiency at greater than 500 suns. QuantaSol was established in June 2007 as a spin-out of Imperial College London to commercialize the University’s solar cell IP and offer devices to concentrator Photovoltaic (PV) systems developers. Imperial will be featuring a QuantaSol device as part of its presence at the Royal Society Summer Exhibition in London this week. “Our technology is the industry’s best kept secret. This is the first time that anyone has successfully combined high efficiency with ease of manufacture, historically a bug-bear of the solar cell industry,” said Kevin Arthur, QuantaSol’s CEO. “We’re now gearing up to provide multi-junction cells of even higher efficiencies as early as Q1 2010.” QuantaSol’s approach combines several nanostructures, of two or more different alloys, in order to o..
Jun 30, 2009 (3 days ago)
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--China Nuvo Solar Energy, Inc. (the “Company” or “China Nuvo”) (OTCBB:CNUV) announced today that it has acquired from Photovoltaics, Inc. a variety of solar technologies/inventions consisting of six provisional or utility patents. This newly acquired intellectual property relates to enhancements of currently available technologies ranging from increases in output and efficiency to the use of lower cost newly discovered photovoltaic materials and processes. The Company believes that each of the technologies have the potential, when commercialized, of reducing the cost per kilowatt hour of solar energy thereby making it more competitive with other energy sources. China Nuvo is in the process of finalizing utility patents for those that are currently provisional. The Company’s plans regarding a business model to fully exploit the value of these newly acquired technologies is presently under development and will be announced when fully developed. China Nuvo Solar Energy, Inc. is a nominally capitalized early stage company that owns a unique patent pending solar technology and is working to develop a commercially viable higher efficiency stacked ph..
Jun 30, 2009 (3 days ago)
BOSTON--(BUSINESS WIRE)--Satcon (NASDAQ CM: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, announced today that it has been added to the Russell 3000® Index following the Russell Investment Group’s reconstitution of its family of U.S. indices on June 26, 2009. Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007. “We are very pleased to have been included in this year’s reconstitution of Russell Indexes as it will generate greater interest in our stock among institutional investors,” said Steve Rhoades, President and Chief Executive Officer of Satcon. “The company has be..
Jun 29, 2009 (4 days ago)
Filed under: Manufacturing/Plants , Solar , Toyota While the argument about whether a Hummer H2 is actually more environmentally friendly than a Toyota Prius has long since been debunked (even if it keeps popping up its ugly head ), it does raise a valid point. A major part of the environmental impact of transportation devices like cars and trucks comes during the manufacturing and disposal phases of their existences. Evaluating environmental impact requires total lifecycle analysis of the product, something that Toyota has done for the new 2010 Prius. The Tsutsumi plant that builds the Prius is one of five ISO14001 certified Eco-factories in the Toyota network. The factory has a 50,000m 2 solar array on its roof that generates 5,000 kW/h of electricity, about half of the plant's total requirements. Another 22,000m 2 of the factory is covered in a photocatalytic paint that converts CO 2 to oxygen. A number of initiatives including zero land-fill waste, water recycling and reduced volatile organic compound use are all part of the overall effort to reduce the impact of building Priuses. Gallery: 2010 Toyota Prius [Source: Toyota] Continue reading Toyota to build new Prius in Eco-Fac..
Jun 29, 2009 (4 days ago)
JESSUP , Md., June 29 /PRNewswire/ -- Europe's leading provider of world-renowned solar technology, Kingspan Solar Inc., has announced its arrival in Jessup , Baltimore . This follows an incredible response to the company's range of products, especially the European designed and manufactured product - Thermomax, at the International Builders' Show in Las Vegas in January. The demand for the Thermomax product - the world-leading solar thermal vacuum tube collectors* - is no surprise. Generating hot water for domestic and commercial applications, it was designed in Ireland and is used across the whole of Europe throughout a wide spectrum of weather conditions. It's a tried and tested solar collector with almost 30 years of proven high performance, that's up to 30% more effective than traditional flat plate panels. Its range of applications, including central heating support, under floor heating and solar cooling, makes it one of the world's most versatile and effective products. Kingspan Solar Inc. is headed up by building industry professionals, Jeff Tomlinson and Seamus Cussen . Jeff comments: "It was evident that there was a huge opportunity to introduce Kingspan Solar's leading ..
Jun 29, 2009 (4 days ago)
Toyota has begun production on a Prius Hearse — which will be better for the environment than traditional gas-powered hearses. Experts say it’s the perfect way to tell everyone in your funeral procession, I’m judging you from beyond the grave. - Conan O'Brien
Jun 29, 2009 (4 days ago)
Reply to: job-dx8qb-1241019142@craigslist.org Date: 2009-06-26, 2:26PM EDT Borrego Solar Systems, Inc, a growing, solar energy design, engineering and installation company, seeks a veteran Sales Professional. We are seeking a highly articulate, motivated, well organized closer to exceed sales quotas with integrity. Borrego Solar’s approach to compensating our employees is unique and progressive. We offer a workplace that is casual, upbeat and hard working. We strive for quality workmanship and place a large emphasis on customer satisfaction and education. We promote from within and are looking for career minded individuals, looking to advance in the growing photovoltaic industry. We offer great pay commensurate with experience along with excellent benefits including: • Top Sales Professionals currently earn more than $175,000 per year • Generous Commission Structure • Paid Health Insurance • Self managed flexible work schedules and time off policies • 401K plan with company match Desired Qualifications: • Must be able to powerfully present to executive board level professionals • Comprehensive experience selling within the B2B market • Proven track record closing multimillion dolla..
Jun 28, 2009 (4 days ago)
Renewable Energy-Related Legislation and Loan programs in Minnesota Austin Public Utility started its Solar Choice Program in Minnesota to help state people installing photovoltaic solar arrays since 1st October 2005. In order to get the incentive payment from Austin Public Utility, the solar arrays must be connected to its electrical distribution system. The incentive will be provided based on the system's production. Systems using Renewable technologies like photovoltaic are accepted. Various sectors are eligible to apply including industrial, commercial, agricultural, residential, institutional etc. every person making a purchase of solar utility will be contributing to the solar utility producer and thus the total amount contributed to each utility will be calculated. Depending on the amount earned by its purchases each producer will be given an incentive up to $1 per kWh. This program is not available for the people who want to back-up their power generation at home or business using renewable energy sources. According to Minn. Stat. § 216C.41, the Minnesota Renewable Development Fund started offering 1¢ to 1.5¢ per kWh against electricity produced through various renewa..
Jun 26, 2009 (7 days ago)
NEW ROCHELLE, N.Y. , June 26 /PRNewswire/ -- Mercury Solar Systems, Inc., one of the leading solar integrators in the Northeast, today announced that it has acquired K-Star Solar, Long Island's leading residential solar installer. The acquisition strengthens Mercury's presence in the Northeast and its solar business in Long Island , NY. Financial terms were not disclosed. "Long Island is an important market for us with Long Island Power Authority ranked as one of the top ten solar utilities in the country," said Jared Haines , President, Mercury Solar Systems. "With K-Star we have an instant footprint in this market and we believe together we can offer commercial and residential customers cutting edge, highly efficient solar solutions at affordable prices. The federal and state incentives for solar systems have also never been better, but customers need a company with local knowledge to help them leverage the benefits of solar." Upon closing, K-Star Solar will be re-branded Mercury Solar Systems and Kevin P. Harvey , K-Star's current President, will join Mercury's Long Island team as its Divisional President. Kevin will focus on Mercury's Long Island operations and installations. ..
Jun 26, 2009 (7 days ago)
MENLO PARK, Calif. , June 26 /PRNewswire-Asia-FirstCall/ -- Solar EnerTech Corp. (OTC Bulletin Board: SOEN) (the "Company") today announced it has entered into a 10MW contract to deliver its solar modules to Solarzentrum Allgau, one of the leading solar system integrators in Germany . The total shipment value to Solarzentrum Allgau under the contract is approximately US$20 million . Shipments, aimed for solar power installations in Germany , are scheduled to begin immediately and will be delivered throughout the current calendar year. Solarzentrum Allgau was founded in 1985 in Altdorf, Germany . The company has benefitted from Germany's introduction of the Renewable Energy Sources Act in March 2000 and has grown its operations through its specialization of sale, assembly and installation of photovoltaic systems. The company is also the founder of an information and advisory center about solar energy in the county of Allg?u. Its President, Willi Bihler is considered a visionary in the field for his innovations in solar power installation (Photon magazine, June 2008 issue). Mr. Leo Young , CEO of Solar EnerTech, commented, "This is an exciting new project for Solar EnerTech which ca..
Jun 26, 2009 (7 days ago)
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules and solar systems worldwide, today announced that it has amended its current Revolving Credit Facility. In addition to the amended $3 million facility, the Company has added an additional $5 million revolver under an Export-Import Credit Facility which is backed by a guarantee from the Export-Import Bank of the United States (the “Ex-Im Bank”). The existing Equipment Credit Facility will be retained with no additional funds available under that line. In the aggregate, the Company will have availability of up to $8 million over the next year. Roger G. Little, Chairman and CEO of Spire Corporation, commented, "We are pleased to receive these credit facilities, which improve our liquidity to support our growth. Silicon Valley Bank has been a good financial partner. Even with the tough banking environment, we were also able to increase the loan availability with the assistance of the guarantee offered by Ex-Im Bank." “Spire is well positioned in the growing PV solar renewable market,” said Jay T. Tra..
Jun 25, 2009 (8 days ago)
CHANGZHOU, China , June 25 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL ) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced it has secured from Standard Chartered Bank ( China ) Limited new credit facilities totaling approximately $57 million , consisting of trade financing and defensive hedging products. The facilities are aimed to provide financial support to Trina Solar's raw material procurement and product sales while helping Trina Solar to mitigate foreign exchange risks associated with market volatilities. "The credit facilities offer us greater flexibility to strengthen our cash flow position to further enhance our capital resources", said Terry Wang , Trina Solar's Chief Financial Officer. "We are very pleased to work with Standard Chartered, a well-known international bank with extensive experience and presence in China . Our strategic collaboration with Standard Chartered confirms Trina Solar's financial strength and ability to secure funding in a challenging economic environment." The Company's total credit fac..
Jun 25, 2009 (8 days ago)
ATLANTA , June 25 /PRNewswire/ -- Radiance Solar LLC announced today the completion of one of Georgia's largest solar thermal hot water installations at Cox Enterprises' Manheim Georgia facility. The system will supply hot water to Manheim Georgia's auto detail operation, offsetting more than 300 million BTUs of energy per year with clean, renewable solar energy. The system has a life expectancy of more than 25 years and will reduce annual energy costs and environmental impact by more than 50 percent. The solar installation consists of forty 4'x10' solar thermal collectors and 2,000 gallons of solar hot water storage. "Cox Enterprises was great to work with throughout the development, design and installation," said Jamie Porges , Radiance Solar's founder and COO. "It's great to work with partners like Cox who are forward-thinking in their approach to sustainability and understand the long-term financial benefits awarded by renewable solar energy." The Manheim project underscores both Cox's commitment to renewable energy as well as the increasing vitality of the solar energy industry in the Southeast. The recent federal stimulus bill includes a series of state and federal stimulus ..
Jun 25, 2009 (8 days ago)
TEMPE, Ariz.--(BUSINESS WIRE)--Executives from First Solar, Inc. (Nasdaq: FSLR) today gave a series of presentations to approximately 175 analysts and investors during a meeting in Las Vegas. First Solar’s executive team highlighted the following items: * First Solar’s module manufacturing cost roadmap * A new balance of system cost target * The Company’s plans for growth * The importance of opening sustainable markets to photovoltaic technology * The Company’s project development pipeline * An updated financial model that includes First Solar’s systems business A replay of today’s investor and analyst meeting is available on the First Solar’s investor relations Web site at http://investor.firstsolar.com/phoenix.zhtml?c=201491&p=irol-calendarPast. Those seeking additional information can also download today’s executive presentations.