enXco and Solaria Sign Supply Agreement

The press release states, “enXco – an EDF Energies Nouvelles Company (PARIS: EEN) and Solaria Corporation announced today a five year global supply agreement under which module manufacturer Solaria will supply their patented solar module to enXco as well as a small equity investment from enXco in Solaria. The agreement, which is a combination of [...]

Ford, Detroit Edison, Xtreme Power to Build One of Michigan’s Largest Solar Energy Systems

According to the press release, “Ford Motor Company is teaming with Detroit Edison, Xtreme Power and the state of Michigan to establish one of the largest solar power generation systems in the state at Ford’s Michigan Assembly Plant. The renewable energy captured by the project’s primary solar energy system will help power the production of [...]

Yingli Green Energy to Collaborate with Innovalight, Aiming to Boost Multicrystalline Cell Efficiency

According to the press release, “Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which holds the brand “Yingli Solar,” today announced that it has signed a technology, research and production collaboration agreement with Innovalight, [...]

Applied Materials Announces Restructuring of E & E Solutions Segment

According to the press release, “Applied Materials, Inc. (Nasdaq:AMAT) today announced plans to restructure its Energy and Environmental Solutions (EES) segment to put a primary emphasis on opportunities in crystalline silicon (c-Si) solar and advanced energy, including light emitting diode (LED) technology. Upon completion of the restructuring plan, annual operating expenses are expected to decrease [...]

First Solar Completes Acquisition of NextLight Renewable Power

According to the press release, “First Solar, Inc. (Nasdaq: FSLR) today announced it has completed the acquisition of NextLight Renewable Power, LLC, a solar development firm formed by the inaugural fund of Energy Capital Partners, a private equity firm focused on investing in North America’s energy infrastructure. With the NextLight acquisition, First Solar now has [...]

Yingli Green Energy’s Affiliate Signs Strategic Cooperation Agreement With China Development Bank

According to the press release, “Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which holds the brand “Yingli Solar,” today announced that its affiliate, Yingli Group Company Limited (“Yingli Group”) has entered into a [...]

President Obama Announces a conditional commitment offer for a $1.45 Bil Fed. Loan Guarantee for Abengoa Solar

According to the press release, “President Obama announced today in his weekly video address that DOE has offered a conditional commitment for a $1.45 billion loan guarantee to Abengoa Solar, Inc. The loan will support the construction and start-up of Solana, a 250 net megawatt (MW) concentrating solar power (CSP) plant in Arizona. “After years [...]

ARISE Technologies Announces Canadian JV with Sky Solar (Canada) Ltd.

According to the press release, “ARISE Technologies Corporation, a leader in high-performance, high-quality, cost-effective solar technology, today announced that it has established a joint venture (JV) with Sky Solar (Canada) Ltd. (“SKY SOLAR”) to provide engineering, procurement and contracting (“EPC”) services for solar projects under the Ontario FIT program. Under the terms of the agreement, [...]

Solyndra withdraws IPO

According to the press release, “Solyndra, Inc. today announced that it has entered into an agreement for the sale of secured convertible promissory notes to certain of its existing investors in an aggregate principal amount of $175 million in a private placement.  Proceeds from the sales of such notes will be used to fund the [...]

EU sees solar power imported from Sahara in 5 years

According to Reuters, “Europe will import its first solar-generated electricity from North Africa within the next five years, European Energy Commissioner Guenther Oettinger said in an interview on Sunday. The European Union is backing projects to turn the plentiful sunlight in the Sahara desert into electricity for power-hungry Europe, a scheme it hopes will help [...]

Evergreen Solar Made Panels Powering Eight-Megawatt Solar Power Plant in Germany

Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of STRING RIBBON™ solar power products with its proprietary silicon wafer manufacturing technology, announced today that an 8-megawatt power plant in Neustrelitz, Germany used more than 7 megawatts of panels manufactured by Evergreen Solar. It is Evergreen Solar’s largest installation in company history. The project, which was designed [...]

TerniEnergia purchases solar companies

According to the press release, “TerniEnergia, a company operating in the renewable energy sector, listed on MTA Market of Borsa Italiana, executed the purchase of 5 companies: Rinnova srl, Energia Basilicata srl, Energia Lucana srl, Energia Nuova srl, Verde Energia srl. Such purchases aim at developing new industrial-sized photovoltaic plants in Molise and Basilicata regions, [...]

Brightsource Energy Raises an Additional $150 Million of Equity Financing

According to the press release, “BrightSource Energy, Inc., developer of utility-scale solar thermal power plants, has raised an additional $150 million in its most recent equity financing. The Series D round brings BrightSource’s total equity financing to more than $300 million and positions the company for significant growth. New investors including Alstom and the California [...]

Solaria to Accelerate Growth with $45 Million in Financing

According to the press release, “Solaria Corporation, a leading designer and global manufacturer of solar photovoltaic modules, announced today that it has closed $45 million in a financing round led by CMEA Capital and DBL Investors. Other participants in the round include current investors Sigma Partners and NGEN Partners and new investors Mitsui Ventures and [...]

IEA sees solar, providing up to a 25% of world electricity by 2050

IEA press release states, “Solar electricity could represent up to 20% to 25% of global electricity production by 2050. This important finding emerges from two new analyses by the International Energy Agency (IEA): the solar Photovoltaic (PV) and Concentrating Solar Power (CSP) roadmaps, launched today in Valencia/Spain, during the Mediterranean Solar Plan Conference hosted by [...]

Renovalia Energy delays its initial public offering due to financial market conditions

According to the Press Release, “Despite the good acceptance and the demand generated by investors, the important losses in stock markets in the past days and the no resolution of the uncertainty about the regulation of renewable energy sector made the company take this decision. -The decision has been taken following the advice of the [...]

ADB Announces Asia Solar Energy Initiative

According to the press release, “The Asian Development Bank (ADB) today announced an Asian solar energy initiative to generate some 3,000 megawatts of solar power over the next three years. “With energy demand projected to almost double in the Asia and Pacific region by 2030, there is an urgent need for innovative ways to generate [...]

In Land of the Rising Sun, solar firms eye China threat

According to Reuters, “Squeezed by aggressive Chinese and U.S. rivals globally, Japanese makers of solar photovoltaic (PV) systems need to boost their technological edge if they are to stay ahead in their near-$1 billion home market. Asia’s biggest economy is the world’s third-largest market for solar energy, and state support for the sector has attracted [...]

SolarBridge Technologies Secures $15 Million in Series B Funding

According to the Press Release, “SolarBridge Technologies, the leading developer of module-integrated microinverter solutions that reduce the Levelized Cost of Energy (LCOE) in solar installations, announced that it has secured $15 million in series B funding. The company has raised more than $27 million to date. Rho Ventures, a new investor in the company, led [...]

Stealth Solar Startup Senergen shuts down

Senergen Devices, based out of Fremont, CA received more than $5 million from VantagePoint Venture Partners around November of 2007. “Senergen Devices is a solar cell manufacturing company that plans to produce solar cells made from traditional silicon materials at very low costs. Senergen does not use silicon wafers as the solar cell substrate. Instead, [...]

Spain renewables industry fears subsidy cuts

According to Reuters, “Spain’s renewable energy industry joined forces on Thursday to ask the government to clarify whether it plans to retroactively cut subsidies, as market-moving media reports have suggested. Shares in renewable energy generators Iberdrola Renovables and Acciona moved sharply lower on Wednesday after website elconfidencial, citing sources close to the government, said the [...]

Solar equipment makers to shine in shakeout

According to Reuters, “Boosted by surging demand from China, European companies that supply machines to the solar sector will fare better than cell and wafer makers which are being forced to replace old equipment. Solar cell companies are in for a tough 2010 after Germany, which accounted for half of global solar demand last year, [...]

First Solar Joins the Desertec Industrial Initiative

According to the press release, “First Solar Inc. (NASDAQ: FSLR) on Tuesday announced that it had joined the Desertec Industrial Initiative as an Associated Partner to demonstrate the potential of photovoltaic (PV) solar technology to provide clean, sustainable energy on a vast scale by harnessing the desert sun. A leader in utility-scale solar power plants, [...]

Meyer Burger has won additional orders worth more than CHF 250 million

According to the press release, “Meyer Burger has won additional orders for wire saws, cropping saws and wafer inspection systems worth more than CHF 250 million with a customer in Asia. The wire and cropping saws from Meyer Burger Ltd and the inspection systems of Hennecke Systems GmbH will help to secure the manufacturing of [...]

First Solar Signs Contract with PG&E for 300 MW Photovoltaic Solar Power Project

According to First Solar, “First Solar, Inc. (Nasdaq: FSLR) today announced a power purchase agreement to supply Pacific Gas and Electric Company with renewable electricity from a 300 megawatt (AC) utility-scale photovoltaic solar power facility that First Solar is developing in Southern California. The Desert Sunlight project, to be located near Desert Center in eastern [...]

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