Q-Cells CEO Anton Milner resigns after German solar company suffers €1.4bn loss
11th March 2010
The co-founder and CEO of German solar power firm Q-Cells Anton Milner has resigned with immediate effect after the company posted a 2009 loss of €1.4bn.
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Posts Tagged ‘solar’
Technology developer Sensata in $569m IPO
11th March 2010
Sensata Technologies, a maker of sensor and controls technology for applications including alternative fuel vehicles and solar panels, has raised $568.8m from its initial public offering, with shares to be listed on the New York Stock Exchange tomorrow.
Energy utility Edison to buy 200MW of SunPower’s solar equipment for expansion programme
11th March 2010
Solar technology manufacturer SunPower will provide 200MW of solar power capacity to Edison International, equivalent to 80 per cent of the utility’s large solar photovoltaic (PV) installation programme. Financial terms of the deal have not been disclosed
SunEdison to build Europe’s largest solar power plant in Rovigo, Italy
11th March 2010
Solar energy company SunEdison, a division of MEMC Electronic Materials, has received final approval from the Italian government to develop and construct a 72MW photovoltaic (PV) solar power plant in Northeastern Italy, near the town of Rovigo. When completed, this is expected to be the largest PV solar power plant in Europe.
Trina Solar signs solar PV sales agreement with US wholesale distributor Essco
11th March 2010
Solar photovoltaic (PV) manufacturer Trina Solar has signed a sales agreement with Essco Wholesale Electric, the southwest US company of electric distributor Sonepar USA, through Trina’s subsidiary, Changzhou Trina Solar Energy.
Applied Materials expands solar manufacturing capability in Taiwan
11th March 2010
Solar photovoltaic (PV) company Applied Materials has opened it newly expanded Tainan Manufacturing Center in Tainan, Taiwan.
Solar technology provider GT Solar shares fall as it prices secondary offering
10th March 2010
Solar technology manufacturer GT Solar saw its share price fall today as it priced a secondary offering of 25 million shares of common stock at $4.85 each.
US concentrated solar energy systems company Soliant Energy adds Ben Jamison to executive team
10th March 2010
Soliant Energy, a US provider of concentrated solar energy systems, has appointed Ben Jamison as vice president of marketing, reporting to Terry Bailey, chairman and CEO.
Carmanah and ADB expand solar LED partnership
10th March 2010
Canadian solar LED developer Carmanah Technologies Corporation and airfield technology company ADB Airfield Solutions are to expand a partnership agreement to include Europe, South America, the Middle East, Africa and Asia Pacific, focused on solar-powered LED airfield lights manufactured by Carmanah.
Solar power producer Recurrent Energy names new head of engineering and construction
9th March 2010
Recurrent Energy, an independent power producer and developer of distributed solar power projects, has hired Patrick Caramante as the company’s new vice president of engineering & construction. In this role, Caramante will be responsible for the design, installation, commissioning, and operation of Recurrent Energy’s portfolio of distributed-scale solar projects.
‘Pat adds to the team’s depth of [...]
AEG Power Solutions acquires majority stake in skytron energy
9th March 2010
Industrial power electronics company AEG Power Solutions has taken a majority stake in skytron energy. The amount of the transaction, which was paid in cash, is not being disclosed.
German solar equipment maker Phoenix Solar shares jump as highest ever revenues recorded in Q4 2009
9th March 2010
German solar-system integrator Phoenix Solar saw its share price jump today as it recorded its best results yet with revenues for the final quarter of the year totaling €230.8m, almost half of the full-year’s result.
Chinese solar company Yingli Green Energy posts fourth quarter loss but remains confident for 2010
9th March 2010
Chinese solar energy company Yingli Green Energy reported a fourth quarter loss of $6.6m due to operating expenses and foreign exchange losses but said it remained confident in its ability to achieve its full-year shipment guidance of up to 1GW.
First Solar signs contract with PG&E for 300MW photovoltaic solar power project
9th March 2010
NASDAQ-listed solar module manufacturer First Solar has signed a power purchase agreement to supply US energy utility Pacific Gas and Electric Company with renewable electricity from a 300MW utility-scale photovoltaic solar power facility that First Solar is developing in Southern California.
Prime Sun Power to sell Italian solar PV plant for €100m
9th March 2010
Solar power developer Prime Sun Power has agreed to sell a 25MW solar photovoltaic power plant in Italy. The company said that the sale is expected to generate gross revenues of over €100m in 2010.
Solar Power receives $24.7m commitment from $787bn American Recovery and Reinvestment Act
9th March 2010
Solar module manufacturer Solar Power has received an initial commitment of $24.7m in Recovery Zone Facility Bonds (RZFB) by Sacramento County
Solon closes 20MW solar module supply agreement with entrason
9th March 2010
European solar module manufacturer Solon has closed a framework agreement for the supply of solar modules over several years with the solar distributor entrason.
US photovoltaic company SPG Solar Names Chris Robine CFO
9th March 2010
US photovoltaic company SPG Solar has hired Chris Robine as senior vice president and CFO. Robine replaces Paul McKnight who will be leaving SPG Solar to pursue other opportunities.
Shell’s Japanese solar subsidiary Solar Frontier targets US market in global expansion
8th March 2010
Shell’s Japanese solar subsidiary Showa Shell’s rebranding to Solar Frontier represents its first real entry to the US markets where it sees significant growth potential, its director of international business Brooks Herring told NewNet.
Solar industry equipment manufacturer Applied Materials raises dividend, launches share buy-back programme
8th March 2010
Semiconductor equipment maker for the solar industry Applied Materials has increased its dividend by 17 per cent and approved a new stock buyback programme authorising up to $2bn in repurchases over the next three years
Clean energy investor Low Carbon Accelerator looks to cash-on in UK incentives with investment in Vigor Renewables
8th March 2010
AIM-listed investment firm Low Carbon Accelerator (LCA) has invested £500,000 in wind and solar power project developer Vigor Renewables in order to cash-in on UK feed-in tariffs (FITs).
Chinese solar cell maker Tainergy Tech to list on Taiwan Stock Exchange
8th March 2010
Chinese solar cell manufacturer Tainergy Tech will list on the Taiwan Stock Exchange this year and enter loan arrangements to boost its domestic production capacity, according to reports.
Growing Chinese solar market may soak up European excess capacity, analyst says
5th March 2010
An emerging Chinese solar market may help reduce excess global capacity as many European countries struggle to sustain their businesses models in the face of changing government incentives, an analyst told NewNet.
Solar module manufacturer Suntech reports revenue, profit increase in 2009
5th March 2010
Solar module manufacturer Suntech Power reported an increase in both revenue and profit for the fourth quarter 2009 and expects first quarter 2010 shipments to increase by five to ten per cent.
State-owned Finnish Industry Investment makes €6.6m investment in solar glass supplier Glaston
5th March 2010
Government-owned investment company Finnish Industry Investment has made a €6.6m investment in glass technology company Glaston, which supplies the solar industry.
New-to-market Solar Capital shares hold strong after 2009 results announcement
5th March 2010
The share price of investment company Solar Capital recovered after an initial drop yesterday after it said it had $863.1m under management at the end of 2009, a month after it raised $109m in an initial public offering (IPO
Proinso awarded 3.2 MW of Greek solar supply contracts
5th March 2010
Spanish renewable energy company Proinsohas been awarded the supply of 3.2MW of various solar photovoltaic farms in Greece.
Texas Public Utility Commission to expand solar projects
4th March 2010
The Texas Public Utility Commission is moving toward implementing the Texas legislature’s mandate that the state’s energy include at least 500MW of new power from sources other than wind by 2015.
Solar technology company SwissINSO appoints Timothy Tolhurst as new director
4th March 2010
Solar technology company SwissINSO Holding has added Timothy Tolhurst to its board of directors.
Solar plastic developer Konarka raises $20m in strategic partnership with Konica Minolta
4th March 2010
US developer of solar power plastic films Konarka has received $20m in funding after signing an agreement with Konica Minolta.
Japan’s Kyocera to open US solar manufacturing plant as it ramps up production
4th March 2010
Japanese manufacturer Kyocera said it will begin manufacturing solar modules in California, US, this year as it increases its annual production targets to 1QW per year by 2013.
Canadian Solar looks to prioritise German shipments ahead of planned tariff cuts
4th March 2010
Canadian Solar will ramp-up its deliveries in the first half of the year ahead of proposed cuts to the country’s feed-in tariffs, the Chinese company said during an earnings call.
SolarCity creates $90m fund with US Bancorp to finance solar projects
3rd March 2010
US full-service solar provider SolarCity has created a $90m fund with US Bancorp Community Development Corporation (USBCDC) to further commercial and residential solar projects in 2010.
Canadian Solar gives optimistic 2010 outlook as it posts revenue drop of $40m
3rd March 2010
Solar cell manufacturer Canadian Solar said it remains optimistic about its prospects in 2010 with an increasing customer base in emerging markets and the ability to leverage Canadian feed-in tariffs, as it posted a 2009 revenue decrease of about $40m.
Germany’s cabinet approves cuts to solar incentives, report says
3rd March 2010
Germany’s cabinet has agreed for proposed cuts to solar feed-in tariffs (FITs) to begin in July, according to reports.
Entech Solar announces management change
3rd March 2010
US renewable energy technology developer Entech Solar CFO Sandra J Martin has resigned. She also held the position of chief accounting officer.
Solar micro-inverter company Enecsys appoints Bernd Kohlstruck as managing director of new Enecsys Europe
3rd March 2010
Solar micro-inverter company Enecsys has appointed Bernd Kohlstruck as vice president of sales and marketing, Europe. He will also take up the position of managing director of newly launched division, Enecsys Europe, located near Frankfurt, Germany.
Acciona to invest €3.8bn in energy, infrastructure, waste management and R&D between 2010 and 2013
2nd March 2010
US renewable energy company Acciona plans to invest around €3.8bn in energy, waste management, R&D and infrastructure between 2010 and 2013, according to its latest strategic plan.
Cuts to Germany’s free-field solar tariffs will destroy sector, domestic renewable energy firm says
2nd March 2010
The proposed reduction to Germany’s solar feed-in tariffs (FITs) will destroy the free-field installation sector, renewable energy firm juwi told NewNet.
Dutch solar module manufacturer Scheuten Solar expands German production
2nd March 2010
Global photovoltaic (PV) manufacturer Scheuten Solar has expanded its production line in Gelsenkirchen, Germany, with an additional 60MW.
German renewable energy company juwi eyes Americas as international turnover exceeds domestic base
2nd March 2010
The 2009 turnover of renewable energy project development firm juwi was dominated for the first time by its international business instead of domestic activity in Germany and told NewNet it plans to increase its American wind business in the coming year.
Germany’s SolarWorld invests $500m in Qatar manufacturing base
2nd March 2010
Germany’s largest solar firm by revenue SolarWorld is to expand its manufacturing base with a $500m investment into a Qatar production facility, in a move that will shield itself to upcoming changes in its domestic market.
Abengoa’s earnings after tax jumps 21 per cent in 2009
1st March 2010
For the fourteenth year in a row since sustainable technology company Abengoa listed in Madrid, it has achieved a profitable double-digit growth rate, which it said is a product of concentrating its efforts on high-growth businesses that offer innovate solutions for sustainability and our focus on geographical diversification.
US renewable energy companies Solar Acquisition and Power-Save Energy join to sell solar products
1st March 2010
US renewable energy company Solar Acquisition has agreed to form a joint venture with Power-Save Energy to offer solar products and services to the retail market.
SunPower’s energy-efficient solar panels bring light to Toshiba’s new solar power systems
1st March 2010
Japanese electronic conglomerate Toshiba has agreed to purchase 32MW of high-efficiency solar panels from US-based solar company SunPower in 2010 under a strategic supply agreement.
US specialty chemical company Solutia agrees to purchase Etimex Solar
1st March 2010
NYSE-listed specialty chemical company Solutia has reached a definitive agreement to purchase Etimex Solar, a wholly-owned subsidiary of Etimex Holding, which is controlled by funds affiliated with Alpha Gruppe.
GT Solar International makes secondary offering of 25 million shares
1st March 2010
NASDAQ-listed US solar developer GT Solar International has made a secondary offering of 25 million shares of its common stock by one selling stockholder, GT Solar Holdings.
Solar company TGI to acquire energy efficiency technology from Ukrainian waste company Ekoplaz
1st March 2010
Pink Sheets-listed solar company TGI Solar has signed a deal memorandum with Ukrainian waste management company Ekoplaz, with technology based on using the effect of high-frequency disruption in electromagnetic microwave field.
Mitsubishi Electric continues to expand solar business
1st March 2010
Global electronics heavyweight Mitsubishi Electric has completed construction of a new photovoltaic (PV) cell production facility at its Nakatsugawa Works Iida Factory in Nagano Prefecture, Japan, the PV Cell Plant 2.
UK asset manager Foresight Group appoints solar investment director
1st March 2010
UK-based alternative asset manager Foresight Group has appointed Federico Giannandrea as investment director, where he will be responsible for originating, structuring and executing solar photovoltaic (PHOTOVOLTAIC) transactions.
Latest
profiles
NewNet Investor Profile: James Hall-Smith, HSBC Specialist Fund Management
11th March 2010
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'knowledge
European Commission proposals for separate carbon mechanisms undermine UN work, campaigners say
10th March 2010
European Commission (EC) proposals on post-Copenhagen climate policy that suggest establishing sectoral carbon market mechanisms, outside of the scope of the UN, will undermine negotiations and lead to a volatile carbon market, a campaigning group said.features
European geothermal industry calls for new fund covering exploration and drilling risk
5th March 2010
With the European Commission's recent awards of €2.3bn to 43 gas and electricity projects under the Economic Recovery Package, the European Geothermal Energy Council (EGEC) has urged a further commitment to create a European fund covering geothermal exploration and drilling risk.
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