North Coast Solar Stocks

December 8, 2009

Hoku sets payment dates with Solarfun, shares rise

Filed under: HOKU, SOLF — Tags: , , , , — Jason @ 1:10 pm

Hoku shares rise after setting payment plan with Solarfun for polysilicon supply deal

1:10 pm EST, Tuesday December 8, 2009

NEW YORK (AP) — Shares of solar products maker Hoku Scientific Inc. (HOKU) soared in morning trading after it said it set payment dates for a polysilicon supply deal it holds with Solarfun Power Holdings Co. Ltd (SOLF).

Shares of Hawaii-based Hoku jumped 42 cents, or 18 percent, to $2.77 in midday trading. Solarfun shares fell 15 cents to $7.32 per share.

In May 2008, Hoku’s subsidiary Hoku Materials Inc. agreed to supply polysilicon to Solarfun unit Solarfun Power Hong Kong Ltd. over a ten-year period. Polysilicon is a key material used in making solar energy products.

Hoku plans to supply the product once construction is completed at its Idaho polysilicon manufacturing plant. In September, Hoku said construction was scheduled to be completed two phases. A 2,500 metric tons of polysilicon production capacity should be completed by March 2010 and the full 4,000 metric tons of capacity should be completed by the end of 2010.

Under the agreement, Solarfun had paid $37 million as a prepayment for future polysilicon deliveries. As of last week Solarfun still held a $13 million past-due balance that was due between July and October. Hoku said last Friday Solarfun paid $8 million of its past-due balance and agreed to pay $4 million in March 2010 and $1 million when Hoku begins its shipment of polysilicon to the China-based solar cell maker.

Solarfun agreed to pay a remaining $5 million balance due January 2010 in $1 million monthly increments in each of the five subsequent months after the month of the first shipment.


JASO, STP Upgraded By Weisel To Market Weight

Filed under: JASO, STP — Tags: , , , , — Jason @ 11:36 am

By Eric Savitz

Thomas Weisel Partners analyst Jeff Osborne today raised his ratings on both JA Solar (JASO) and Suntech Power (STP) to Market Weight from Underweight, “to reflect improving market conditions in the global solar market” and stabilizing pricing trends among both cell and module producers.

“After a collapse of nearly 50% in pricing from late 2008 to now, we are finally seeing the bottom for the solar sector,” he writes. “Credit availability is increasing and spreads are narrowing, leading to greater demand.” He notes that there are uncertainties on the government subsidy front, with possible FIT reductions in Germany early next year and Italy later in the year, but that ASPs and gross margins nonetheless are starting to stabilize.

He raised his price targets to $4 from $3 on JASO and to $14 from $12 on STP.

In today’s trading:

* JASO is down 9 cents, or 1.8%, to $4.86.
* STP is down 4 cents, or 0.2%, to $17.01.

Enbridge and First Solar Agree on 60 MW Renewable Energy Expansion at Sarnia

Filed under: FSLR — Tags: , , , — Jason @ 9:00 am

Initial 20 MW Sarnia Solar Project achieves commercial operations

9:00 am EST, Tuesday December 8, 2009

CALGARY, ALBERTA AND TEMPE, ARIZONA–(Marketwire – 12/08/09) – Enbridge Inc. (ENB) and First Solar, Inc. (FSLR) announced today that they have entered into an agreement to expand the Sarnia Solar Project from 20 megawatts of capacity to 80 megawatts (MW), with a total system cost of approximately CDN $300 million for the expansion. When completed in the second half of 2010, it is expected to be the largest photovoltaic solar energy facility in North America.

Enbridge and First Solar announced in October an agreement for Enbridge to acquire the initial 20 MW solar energy project that First Solar developed at the Sarnia site. This project achieved full commercial operation on December 7, 2009.

“We’re delighted to further strengthen our relationship with First Solar,” said Patrick D. Daniel, President and Chief Executive Officer, Enbridge, Inc. “First Solar has delivered the initial 20 MW as committed – demonstrating their strong technical competence combined with attention to meaningful community engagement and corporate social responsibility practices that align with our own values.

“Enbridge has made significant strides in growing its green energy business in 2009. With this investment, we will have interests in more than 470 megawatts of green power capacity from our five wind energy projects, expanded solar facilities, four waste heat recovery facilities and the world’s first commercial application of hybrid-fuel cell technology.”

“We welcome this new investment from Enbridge to expand the Sarnia project,” said Bruce Sohn, President of First Solar. “It demonstrates confidence in First Solar’s Engineering, Procurement and Construction team, which has recently completed the first 20 MW at Sarnia.”

Mr. Daniel noted that solar energy is a key component of Enbridge’s environmental performance strategy to invest in renewable and alternative energy sources that complement Enbridge’s core operations and provide environmental benefits.

“Our increased investment in the Sarnia Solar Project maintains risk and return characteristics which are fully consistent with Enbridge’s low-risk business model, and similar to our crude oil pipeline business,” said Mr. Daniel. “The expansion of the Sarnia Solar Project will take advantage of the capacity of the Sarnia site to accommodate additional capacity. Following on our recently announced wind energy project, the Sarnia solar expansion provides a good balance in our renewable energy portfolio between solar and wind.”

Subject to the satisfaction of certain conditions precedent, First Solar will construct the solar project for Enbridge under a fixed price engineering, procurement and construction contract, utilizing its thin film photovoltaic technology. First Solar’s advanced thin film technology has been deployed in 1.5 gigawatts of installations in the U.S. and Europe.

The 60 MW phase of the project is expected to begin construction in December and be completed by December 2010. At 80 MW, Enbridge expects the Sarnia Solar Project will generate enough power to meet the needs of over 12,800 homes and help to save the equivalent of approximately 39,000 tonnes of CO2 per year.

First Solar will also provide operations and maintenance services to Enbridge under a long-term contract. The power output of the 80 MW facility will be sold to the Ontario Power Authority pursuant to 20-year Power Purchase Agreements under the terms of the Ontario Government’s Renewable Energy Standard Offer Program.

“Our recent investments in green energy projects in Ontario – including the 99 MW Talbot Wind Energy Project, our 190 MW Enbridge Ontario Wind Project, and the Sarnia Solar Project – are evidence of Enbridge’s commitment to advancing environmentally preferred energy solutions, and of the value of the Ontario government’s proactive support and encouragement of investment within the province,” said Mr. Daniel.

Sarnia Solar Energy at a glance:

Capacity peak: approx. 80,000 kilowatts

Module surface area: approx. 973,000 m2; approx. 1.3 million thin film modules (First Solar)

Annual yield: approx. 120 million kWh (corresponding to the annual consumption of over 12,800 households)

CO2 saving: over 39,000 tonnes per year

About Enbridge

Enbridge Inc., a Canadian company, is a North American leader in delivering energy. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world’s longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada’s largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,000 people, primarily in Canada and the U.S. Enbridge’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit

December 7, 2009

Solar ETFs Rally As Climate Talks Start

Filed under: FSLR, JASO, KWT, SPWR, STP, TAN, TSL — Tags: , , , , , , — Jason @ 6:48 pm

By Trang Ho
6:48 pm EST, Monday December 7, 2009

Solar energy stocks led the market higher Monday on several analyst upgrades. In addition, the U.N. Climate Change Conference in Copenhagen, kicked off and the Environmental Protection Agency reported greenhouse gases are endangering people’s health and must be regulated.

Claymore/MAC Global Solar Energy (TAN) rose 3% to 10.07 in a little less than average volume. Shares broke above their 50-day moving average last week in scant volume.

The ETF has traded in a price channel between 8 and 11 for the past seven months. It has returned 27% year to date vs. 22% for the S&P 500. It carries Relative Strength and Accumulation/Distribution Ratings of 54 and B-.

Market Vectors Solar Energy (KWT) surged 4.7% to 15.31 in higher than usual volume. Shares have traded in a sideways band between about 12 and 16 for the past six months.

KWT has gained 18% this year. Its 44 RS and B- Acc/Dis Ratings are technically weaker than TAN’s.

“If both TAN and KWT break out above the channels they are trading in, then expect them to move to the price level of the recent high,” said Tom Bulkowski, a technical analyst and founder of “That means TAN could run to 11.50 and KWT to 18.”

Industry Developments

Barclays Capital upgraded JA Solar Holdings (JASO), SunPower (SPWRA, SPWRB) and Suntech Power Holdings (STP) Monday to overweight from equal weight. The three companies popped 10% to 12% on the news.

Suntech Power said last week it won a 17-megawatt supply contract for 2010 from a Canadian firm. Its shares have spiked 68% year to date.

A top holding in both ETFs, First Solar (FSLR), added to last week’s gains and closed at 135.05 in average volume. The stock has been trending lower, forming lower lows and lower highs, since May. It trades below both its 200- and 50-day moving averages. It is flat for the year.

Shares rallied Thursday. They continued higher Friday after Collins Stewart upgraded the stock to buy from hold. Pricing pressures in the solar market eased in recent months and demand is beginning to pick up, analyst Dan Ries wrote in a client note. First Solar fared better than its competitors during the recession because its cadmium-telluride panels are cheaper to make than the silicon-based ones that dominate the market.


STR Announces Partial Exercise of Over-Allotment Option

Filed under: STRI — Tags: , , , — Jason @ 4:00 pm

4:00 pm EST, Monday December 7, 2009

ENFIELD, Conn.–(BUSINESS WIRE)–STR Holdings, Inc. (STRI) today announced that the underwriters of its initial public offering of 12,300,000 shares, which closed on November 12, 2009, have partially exercised the over-allotment option granted by the selling stockholders and have purchased an additional 1,695,000 shares at the initial public offering price of $10 per share. The closing of the over-allotment option occurred today. STR will not receive any of the proceeds from the sale of the shares as a result of the exercise of the over-allotment option.

Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Cowen and Company, LLC, Jefferies & Company, Inc., Lazard Capital Markets LLC and Macquarie Capital (USA) Inc. acted as co-managers of the offering.

The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue 1B, New York, New York, 10010; telephone (800) 221-1037; or Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, New York 10004; telephone (866) 471-2526, facsimile (212) 902-9316 or by emailing

A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Barclays ups Suntech, SunPower, JA Solar

Filed under: JASO, SPWR, STP — Tags: , , , , — Jason @ 1:11 pm

Mon Dec 7, 2009 1:11pm EST

* Barclays analyst upgrades Suntech, SunPower, JA Solar

* Cites improving demand trends in the near term

* Shares of companies up between 7.5 and 9.6 pct

Dec 7 (Reuters) – Barclays Capital upgraded three solar companies, including Suntech Power Holdings Co Ltd (STP), and said it expects strong demand to continue into the first -half of 2010, and companies to report improving demand trends in the near term.

Analyst Vishal Shah who raised ratings on Suntech Power, SunPower Corp (SPWRA, SPWRB), JA Solar Holdings Co Ltd (JASO) to “overweight” from “equalweight,” said these three solar stocks were his top picks.

The news lifted shares of the solar companies sharply in trading on Monday.

The analyst upgraded Suntech Power, citing its potential for greater relative cost reduction, and raised his price target on the Chinese company’s stock to $20 from $15.

Shah said U.S. company SunPower’s current valuation is discounting the worst case scenario for 2010 earnings, and concerns over accounting irregularities may be overblown.

The analyst has a $35 price target on the solar panel maker.

On China’s JA Solar, Shah said he expects solar cell prices to stabilize and sees an upside to Street estimates resulting from better-than-expected shipments and cost reduction.

Shah raised his price target to $6 from $4 on JA Solar’s stock.

JA Solar shares were up 9.8 percent at $4.83, and SunPower Power shares were up 9.6 percent at $24.45 in trading on the Nasdaq, while those of Suntech were up 8.3 percent at $16.66 on the New York Stock Exchange.

(Reporting by Arundhati Ramanathan in Bangalore and Laura Isensee in Los Angeles; Editing by Jarshad Kakkrakandy and Gerald E. McCormick)

Barclays Upgrades STP, SPWRA, JASO; Lifts 2010 Demand Forecast

Filed under: JASO, SPWR, STP — Tags: , , , , — Jason @ 9:51 am

By Eric Savitz

Barclays Capital analyst Vishal Shah this morning raised his 2010 demand forecast for the solar sector, increasing his rating on Suntech (STP), SunPower (SPWRA, SPWRB) and JA Solar (JASO), all to Overweight from Equal Weight.

Shah writes that he expects strong demand to continue into the first half of 2010, and expects companies to report improving trends in the near-term. “Although concerns about German subsidy cuts could remain a potential overhand on the sector … performance of solar stocks has recently lagged the broader market rally and as such expect continued positive sector momentum in the near-term,” he writes.

The Barclays analyst says demand in German, Italy, the U.S., China and Canada will drive positive fundamentals; he lifted his 2010 price forecast to $1.60/watt versus $1.50/watt previously. He upped his demand forecast for 2010 to 9.3 GW from 7.3 GW.

Shah thinks the demand environment in Germany will remain positive in the 2010 first half; he also expects a “rush to complete projects in the Italian market” ahead of changes in their feed-in-tariff program to drive strength in the second half. Shah adds that “gradual improvement in financing environment, further ASP declines, improvement in permitting constraints and positive impact of stimulus on U.S. [and] China demand could provide additional upside.”

Shah thinks Germany will cut subsidies by 5%-10%, but contends the resultant reduction in second half demand will be more than offset by additional demand in other major markets.

In today’s trading:

* STP is up 98 cents, or 6.4%, to $16.37.
* SPWRA is up $1.48, or 6.6%, to $23.79.
* JASO is up 33 cents, or 7.5%, to $4.73.

Solar Power’s 50% Drop in Cost Underscores Urgent Need for Greener Production Methods, Says BioSolar

Filed under: BSRC — Tags: , , , , — Jason @ 6:05 am

Company’s Eco-Friendlier Protective Solar Module Component Rids Solar Energy of Petroleum and Offers Greener Alternative to Potentially Toxic Materials

6:05 am EST, Monday December 7, 2009

SANTA CLARITA, Calif.–(BUSINESS WIRE)–Dr. David Lee, CEO of BioSolar (BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources, today commented on a new analysis by New Energy Finance ( citing a 50 percent drop in cost per kilowatt hour for solar panels through 2009, the “largest cost reduction in its history,” according to the report.

“Solar is widely hailed as the economic and environmental panacea for a greener future, but if the industry continues growing exponentially without planning ahead, it risks repeating the mistakes made by the microelectronics industry – now dealing with an ongoing legacy of toxic electronic waste,” said Lee. “Solar is a renewable source of energy, but the upstream process of manufacturing solar panels is petroleum-dependant and involves a surprising number of toxic chemicals. With photovoltaic (PV) solar on track to reach grid party over the next several years, now is the time for the PV industry to get serious about life-cycles of all the materials that go into PV panels, starting from mining to manufacturing to recycling to disposal.”

In a recent article published by Design News, (, Lee explains the concept his company’s eco-friendlier bio-based backsheet solar cell component and addresses the toxicity concerns associated with polyvinyl fluoride (PVF) films currently used in the construction of 70 percent of solar modules.

According to Design News, “Tedlar® is solvent-cast using an industrial solvent called dimethyl acetamide (DMAC), which can produce systemic injury when inhaled or absorbed through the skin in sufficient quantities over a prolonged period of time. If Tedlar® is burned, corrosive hydrogen fluoride fumes can be released. Another important issue: Tedlar® has been in very short supply for the past two years because of its growing use in photovoltaic cells and aircraft interiors.”

Dr. Stan Levy, chief technology officer at BioSolar, who spent 27 years working on many of DuPont’s premier films, including Teflon®, Mylar® and Kapton®, says he often fields questions within the PV industry regarding the manufacture and recycling of fluoropolymers such as Tedlar®, including the most common, “What are the manufacturing issues with fluoropolymers? Are there any issues with burning fluorine-containing materials? Is NF3 (greenhouse gas) potential by-product? Are any fluoropolymers ‘safe’? What about recycling these, or having to put them in landfills?”

He also adds, “some polymers do not burn. Fluorocarbons such as TFE, PFA, and FEP need an atmosphere of at least 90% oxygen to ignite. Fluoroploymers, such as ‘Tefzel’ ETFE need an atmosphere of at lease 30% oxygen to ignite.” Levy warns, “they will decompose at a high enough temperature which is potentially extremely hazardous. The best method for disposal is landfill.”

According to November analysis by Norton Rose (, a leading international legal practice, “The development of plant based polymers to replace the petroleum-based plastics used in the production of PV cells is taking place at BioSolar in California. It is hoped that their sustainable backsheet will allow c-Si cells to be truly green for the first time resulting in not just an eco-friendly development. By producing a backsheet which is not indexed to the cost of crude oil, it is expected that bio-based polymer technologies will significantly reduce costs.”

“BioSolar’s products attack one of the conundrums of the emerging solar cell industry – they use millions of square feet of materials that are based on petroleum or require use of toxic chemicals to produce,” says Design News.

BioSolar recently announced that the BioBacksheet™-C, an economical backsheet designed for the traditional c-Si PV modules, was qualified for production. Two more versions of BioBacksheet™ are currently in the pre-production stage moving towards qualification for full production, including BioBacksheet™-A, designed with an absolute moisture barrier for thin-film modules.

Yingli Green Energy to Supply 51 MW of PV Modules to Payom Solar AG in 2010

Filed under: YGE — Tags: , , — Jason @ 4:05 am

4:05 am EST, Monday December 7, 2009

BAODING, China, Dec. 7 /PRNewswire-Asia-FirstCall/ — Yingli Green Energy Holding Company Limited (YGE; “Yingli Green Energy” or the “Company”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced it has signed a sales agreement (“the Agreement”) with Payom Solar AG, a leading PV rooftop system specialist based in Germany. Under the terms of the Agreement, Yingli Green Energy is expected to supply 51 MW of PV modules to Payom from the first quarter through the fourth quarter of 2010.

“This agreement extends the successful cooperation with Payom that we have enjoyed over a number of years, and also provides more visibility into the demand in major PV markets and our customer portfolio for 2010,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “Thanks to our strong track record, which we have built on our high quality products, excellent after-sales service and continuous brand promotion efforts, our “Yingli Solar” branded modules are recognized as bankable, reliable products by customers, investors and commercial banks in major PV markets. We are committed to sustaining our customers’ loyalty and confidence by continuing to deliver reliable products and run an ethical, socially responsible business.”

Mr. Jorg Truelsen, Chief Executive Officer of Payom Solar AG, commented, “We have had many good experiences during our years of partnership with Yingli Green Energy, whose high quality products have helped us consistently deliver great solutions to our customers. This 51 MW sales contract is the largest PV module purchase agreement in our history, and demonstrates our confidence both in Yingli Green Energy and in the market outlook for 2010. We expect to continue our solid growth in the coming year with the help of Yingli Green Energy’s reputable, reliable products, which we believe will enable us to generate additional value for our customers.”

About Payom Solar AG

Payom Solar AG is a system supplier of solar equipment, independent of any manufacturer. The company plans, installs and sells in-roof and on-roof solar-energy systems, from home equipment to major industrial plants, and hands them over, ready to use, to institutional or private investors and operators.

December 4, 2009

LDK Solar and Q-Cells Announce Continuation of Supply Contract

Filed under: LDK — Tags: , , , , — Jason @ 11:10 am

11:10 am EST, Friday December 4, 2009

XINYU CITY, China and SUNNYVALE, Calif. and BITTERFELD-WOLFEN, Germany, Dec. 4 /PRNewswire-FirstCall/ — LDK Solar Co., Ltd. (LDK) and Q-Cells SE jointly announce that the two companies have reached an agreement to continue their supply contract for solar wafers from 2009 to 2018. During recent amicable negotiations, the two companies resolved all differences of opinion over the interpretation of the agreement and neither side will pursue legal action. Q-Cells also agreed to no longer pursue measures to collect the bank guarantee. Joint business activities between the two companies remain unchanged.

LDK Solar and Q-Cells have agreed to increase the flexibility of the delivery schedule. Flexible pricing based on market levels and Q-Cells’ preferred customer status will apply for the entire remainder of the contract term. A portion of shipments scheduled in the years 2009 to 2011 have been postponed to the period 2012 to 2018. Q-Cells will receive around 20% in the current year and at least one third of the originally agreed volumes in 2010 and 2011. Q-Cells also has the option to increase these volumes if needed. The total delivery volume for the entire ten-year term of the contract remains unchanged at approximately 6 Giga Watts. In addition to the amendment, the parties have finalized an agreement to expand their cooperation in the areas of cell and module processing. Q-Cells will supply solar cells to LDK Solar on a tolling basis and LDK Solar will supply modules to Q-Cells on the same basis.

About Q-Cells SE

Established in 1999, Q-Cells is one of the biggest photovoltaics companies in the world. In 2008, the company manufactured solar cells and thin-film modules with a total output of 574 Megawatt peak (MWp). At Q-Cells, more than 250 scientists and engineers are working on enhancing the technology in order to achieve the company’s aim: reducing the costs of photovoltaics quickly and permanently, and making the technology affordable and competitive. In addition to the activities in the core business, several subsidiaries of Q-Cells SE have been producing photovoltaic modules based on various thin-film technologies since mid-2008. With Q-Cells International GmbH, the company also plans and develops large photovoltaic systems. The company currently has around 2,600 employees. Q-Cells SE is currently commissioning a production facility in Malaysia, has branches in Hong Kong, China and Japan and is listed on the Frankfurt stock exchange (QCE; ISIN DE0005558662) and in the German technology index TecDAX.

First Solar: Collins Stewart Turns Bullish

Filed under: FSLR — Tags: , , , — Jason @ 10:13 am

By Eric Savitz

First Solar (FSLR) share are higher this morning after Collins Stewart analyst Dan Ries upped his rating on the stock to buy from Hold, setting a price target of $160. FSLR closed yesterday at $128.12.

Ries writes that pricing pressures in the solar market have eased in recent months as demand has exceeded supply. He increased his forecast for ASPs for Q4 by two cents to $1.68/watt; for 2010 by 6 cents to $1.50/watt, and for 2011 by 8 cents to $1.25/watt. “We continue to believe the FSLR modules will have to go below $1.20/watt in the years ahead, but the path to that level in our view [is now] more gradual.”

To reflect the higher price forecasts, Ries lifted his GAAP EPS estimates for FSLR to $7.46 from $7.43 for this year, and to $6.50 from $6 for next year.

FSLR today is up $3.70, or 2.9%, to $131.82.

First Solar climbs premarket

Filed under: FSLR — Tags: , , , — Jason @ 9:10 am

Analyst upgrades First Solar to ‘Buy’ on stock value and rising demand, shares rise premarket

9:10 am EST, Friday December 4, 2009

NEW YORK (AP) — Shares of First Solar Inc. (FSLR) climbed in Friday premarket trading as an analyst upgraded the stock, citing its attractive price and increasingly favorable market conditions.

Shares of the nation’s largest solar panel maker rose $3.45, or 2.7 percent to $131.57 in premarket trading. Since the end of the third quarter, shares of the company have sunk more than 16 percent to close at $128.12 on Thursday.

Collins Stewart analyst Dan Ries urged upgraded First Solar to “Buy” from “Hold.”

“Pricing pressures in the solar market have eased in recent months as demand has exceeded supply,” Ries said, as he raised his average selling price assumptions by 2 cents to $1.68 per watt in the fourth quarter, by 6 cents to $1.50 per watt in 2010 and by 8 cents to $1.25 per watt in 2011.

This translates to higher profit estimates Ries said, boosting his 2010 estimate to $6.50 per share from $6 per share and his 2011 estimate to $7.25 per share from $6 per share. Analysts polled by Thomson Reuters expect earnings of $6.57 per share in 2010 and and $8.31 per share in 2011.

Ries noted that First Solar’s mid-December analyst meeting may lead to positive 2011 revisions. The company plans to provide 2010 outlook figures, including capital spending, which will impact 2011 production estimates.

Solarfun Signs Agreement to Build 100MW Solar Power Plant in Jiayuguan City, Gansu Province

Filed under: SOLF — Tags: , , , , — Jason @ 4:00 am

4:00 am EST, Friday December 4, 2009

SHANGHAI, Dec. 4 /PRNewswire-FirstCall/ — Solarfun Power Holdings Co., Ltd. (“Solarfun” or “the Company”) (SOLF), a vertically integrated manufacturer of silicon ingots and photovoltaic cells and modules in China, today announced that Jiangsu Linyang Solarfun Co., Ltd., a wholly owned subsidiary of Solarfun, has signed an agreement with the government of Jiayuguan City, Gansu Province, under which Solarfun agreed to build a 100MW solar power plant. To support this project, Solarfun agreed to construct a module production facility in Jiayuguan City.

Jingchang Zhang, Vice Mayor of Jiayuguan City, commented, “Jiayuguan is a famous tourist attraction in western China. Its abundant sunshine makes it an attractive location for solar projects. We have interviewed many solar module suppliers in China and are confident that Solarfun will be a good partner for our development.”

Peter Xie, President of Solarfun, commented, “We continue to make progress in building a meaningful presence in the rapidly developing China market. We appreciate the opportunity to partner with Jiayuguan City towards their firm commitment to renewable energy development.”

The commencement of this project is subject to feasibility studies, financing and further government approval.

December 3, 2009

Energy Conversion Devices Announces Restructuring Plan

Filed under: ENER — Tags: , , , , — Jason @ 6:14 pm

6:14 pm EST, Thursday December 3, 2009

ROCHESTER HILLS, Mich., Dec. 3 /PRNewswire-FirstCall/ — Energy Conversion Devices, Inc. (ECD) (ENER), the leading global manufacturer of light weight, thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, announced today that it has initiated a restructuring plan to better align operating expenses with near-term revenue expectations while positioning the company to more efficiently leverage future growth opportunities.

The specific restructuring actions include additional workforce reductions and the previously announced restructuring related to ECD’s acquisition of Solar Integrated Technologies. In connection with all restructurings, employees will be reduced by approximately 400, representing approximately 20 percent of ECD’s combined workforce.

These actions are expected to create annualized savings of approximately $17 million, with half to be realized in fiscal 2010.

ECD expects to record related charges of approximately $9 million in fiscal year 2010, including the previously announced restructuring costs related to ECD’s acquisition of Solar Integrated Technologies. This restructuring plan will be completed in fiscal 2010.

“We are committed to reducing our cost structure, while still satisfying the increasing demand for our products in the marketplace,” said Mark Morelli, ECD’s President and Chief Executive Officer. “We expect our business will strengthen in the second half of our fiscal year, and these steps should lower our overall operating costs for both the near and long terms, and position our company to better capitalize on growth opportunities in our rooftop solar markets.”

Canadian Solar Announces Intention to Build Solar Panel Manufacturing Facility in Ontario

Filed under: CSIQ — Tags: , , , , — Jason @ 7:30 am

Two year, C$24 million investment in the province is expected to result in 500 new direct manufacturing jobs and annual capacity to supply electricity to 60,000 homes

7:30 am EST, Thursday December 3, 2009

KITCHENER, Canada, Dec. 3 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (CSIQ), a leading vertically integrated provider of solar cells, solar module, custom-designed solar application products and turnkey solutions for the residential, commercial and solar farm markets, today announced that it is commencing the site selection and approvals process to establish a 200 megawatt (MW) module manufacturing facility in Ontario.

Canadian Solar has recently submitted a significant number of FIT applications to Ontario Power Authority and has also received considerable customer interest for “Made in Ontario” solar systems. Canadian Solar expects to make definite decisions about the plant site, cost and ultimate size in Q1 2010.

The new facility is expected to result in 500 new direct manufacturing jobs in Ontario and sufficient capacity to supply electricity to 60,000 homes per year. The estimated cost of the plant will be C$24 million, and once completed, it will be one of the largest solar panel manufacturing facilities in North America, further strengthening Canadian Solar’s position as the country’s leading, Canadian-owned manufacturer of solar modules. The plant will be completed in stages, with the first phase of operations expected to commence in 2010.

Canadian Solar’s manufacturing facility is expected to help drive Ontario’s emerging solar industry, which is growing rapidly as a result of the provincial government’s recently launched feed-in-tariff (FIT) program. “Our new facility will help expand “green” skilled jobs and investment in Ontario as well as the rest of Canada,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar Inc. “Additionally, with this facility, our leading-edge photovoltaic technology will be manufactured and readily available in Ontario for those who are ready to take advantage of the FIT programs.”

Canadian Solar will be exploring federal and provincial programs that can help us build an Ontario based manufacturing facility. “When considering Ontario for our next investment in manufacturing, we looked at the strength of R&D and the governments’ commitment to investing in a low carbon economy. We are looking forward to working with government representatives in creating jobs and a viable solar market in Ontario and across Canada,” said Milfred Hammerbacher, President of the subsidiary, Canadian Solar Solutions Inc.

Canadian Solar designs complete, turnkey solution packages for the residential, commercial and solar farm markets in Ontario. The solutions enable the installations to take place rapidly, at a lower cost and at a higher level of quality and reliability. Canadian Solar panels are silicon-based, have a 25-year warranty backed by one of the most reputable brands in the industry. They have been installed and tested amid extreme weather conditions around the world with outstanding results in terms of performance, resistance and reliability. Canadian Solar is compliant with FIT commercial rooftop solar and microFIT 10 kilowatt solar Ontario content requirements.

Yingli Green Energy Receives Social Accountability System SA 8000 Certification

Filed under: YGE — Tags: , , , — Jason @ 5:57 am

5:57 am EST, Thursday December 3, 2009

BAODING, China, Dec. 3 /PRNewswire-Asia-FirstCall/ — Yingli Green Energy Holding Company Limited (YGE; “Yingli Green Energy” or the “Company”), one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced it has received the Social Accountability System SA 8000 certification for its design, manufacture, selling and supply of PV modules and systems and the manufacture of upstream products, including polysilicon, ingots, wafers and cells.

“As a leading global PV manufacturer, Yingli Green Energy has long been dedicated to a vision of a world with clean, renewable energy,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “In pursuing this vision we strive to create a healthy, safe and supportive working environment for all of our employees. We are very pleased to receive the SA 8000 certification, which serves as a testament to our ongoing commitment to social responsibility.”

SA8000, created in 1997 by Social Accountability International (SAI), is an international standardized code of conduct for improving working conditions around the world. Based on the principles of thirteen international human rights conventions and developed through a multi-stakeholder process, SA8000 is a tool to help apply these norms to practical work-life situations. SA8000 contains eight core elements including health and safety, working hours, child labor, forced labor, discrimination, freedom of association and collective bargaining, wages, and discipline. The management system requirements of SA8000 move beyond a checklist approach, encouraging managers to make sustainable systemic changes in how they run their businesses.

December 2, 2009

SunPower to pick site for U.S. plant by early 2010

Filed under: SPWR, STP, YGE — Tags: , , , , , — Jason @ 7:21 pm

Wed Dec 2, 2009 7:21pm EST

* SunPower to choose site by early 2010

* Co’s CEO says California, Arizona, Florida top choices

SAN JOSE, California, Dec 2 (Reuters) – Solar power company SunPower Corp (SPWRA, SPWRB) is close to finalizing a site for its U.S. manufacturing plant and expects to make a decision by early 2010, the company’s chief executive said on Wednesday.

California, Arizona and Florida are top contenders for the plant’s location, SunPower Chief Executive Officer Tom Werner told Reuters in an interview on the sidelines at a gathering of Silicon Valley executives.

“We have not made a decision yet,” Werner said.

The San Jose, California-based company plans to make up to a quarter of its solar panels in the United States beginning in about a year and is seeking federal funds for the site.

Previously, Werner said that New Mexico and Texas were also on the list of possible locations.

SunPower and other solar panel makers expect U.S. demand for solar power to flourish in the coming years despite the recent financial crisis that has hampered development of renewable energy projects in the last year.

Chinese solar power heavyweight Suntech Power Holdings Co Ltd (STP) recently picked Arizona as the site for its first U.S. panel assembly plant while Chinese panel maker Yingli Green Energy Holding Co (YGE) also plans to open a U.S. manufacturing site.

Shares of SunPower closed down 0.4 percent at $21.53 on Wednesday in Nasdaq trading.

(Reporting by Poornima Gupta; Writing by Laura Isensee; Editing by Christian Wiessner)

Solar Power, Inc. Enters Sales Representation Agreement with Belgium Based BNL-Tactics Group International

Filed under: SOPW — Tags: , , — Jason @ 11:58 am

BNL Tactics Will Sell Solar Power, Inc. Dealerships Throughout Belgium and Surrounding Regions to Represent SPI Products

11:58 am EST, Wednesday December 2, 2009

ROSEVILLE, Calif.–(BUSINESS WIRE)–Solar Power, Inc. (“SPI”) (SOPW) announced today that it has signed an exclusive sales representation agreement with BNL-Tactics Group International (“BTGI”) based in Belgium and Luxembourg. Under the terms of the agreement BTGI will represent the Yes! TM residential photovoltaic (PV) solar solutions product line, as well as the SPI’s commercial solutions. BTGI will solicit dealerships throughout Belgium and surrounding regions for the purpose of distributing SPI’s solar product lines and also provide direct product sales and sales training to ensure the success of those dealers. SPI will sell its products directly to the dealers established by BTGI under separate individual dealer agreements.

“The BNL-Tactics Group International and Solar Power, Inc. relationship is a unique and exciting opportunity for both parties,” said Bradley Ferrell, President of Business Development for Solar Power, Inc. “This part of the European market offers significant growth opportunities in the near term for PV solar. Our turnkey integrated solutions allow BTGI to set up dealers and quickly ramp sales through the BTGI sales force and sales training programs. Similarly, it provides us with a rapid growth opportunity and a means to accelerate market penetration in an area in Europe with major growth potential. It’s a win-win arrangement.”

“Our company is focused on delivering high-quality solar solutions into a significant solar market opportunity throughout Belgium, Luxembourg, The Netherlands, Northern France, Poland and other European countries,” said Bart Cops, CEO of BNL Tactics Group International. “We share common core values and a commitment to high-quality products with Solar Power, Inc., and these are the key attributes we look for in a strategic relationship. BNL Tactics Group International brings a unique aspect to our combined business model. We provide the sales engine with a proven sales force and sales training for the dealers we establish to enable a very fast business ramp. We look forward to a long and successful relationship by leveraging the strengths both teams bring to the table,” Mr. Cops concluded. Orders through BTGI have begun with an initial shipment of 300 kilowatts of product completed.

Solar Power, Inc. currently has 17 dealers within the United States and a growing number of dealers and distributors across Europe, Asia and Australia. The Company’s Yes!TM products are fully integrated solutions sold in a kit form to qualified dealers. All of the Company’s solutions feature Solar Power, Inc.’s high-performance solar modules which have been top ranked by the California Energy Commission.

Real Goods Solar to Install Low Cost Solar Energy at Bay Area Affordable Housing Communities

Filed under: RSOL — Tags: , , — Jason @ 8:00 am

Cost Savings and Clean Energy for Hundreds of Underserved Families

SAN RAFAEL, Calif.–(BUSINESS WIRE)–Real Goods Solar (RSOL) announced today it has signed a large multi-site contract to design and install 790 kW DC of solar electricity across four separate affordable housing communities: three in San Francisco and one in Richmond, CA.

The PV systems will be financed through a Power Purchase Agreement (PPA), enabling these properties to use solar-generated power without the upfront capital costs or operational expenses. Upfront installation costs have been significantly reduced by San Francisco Mayor Gavin Newsom’s GoSolarSF solar energy incentive program, and the California Solar Initiative Multi-Family Affordable Solar Housing (MASH) Rebate Program.

This multi-million dollar investment is expected to generate 1,090,311 kWhrs (1.1 MWhrs) of electricity for the residents of these communities, ensuring lower electricity rates for years to come. California’s new Virtual Net Metering tariff will allow the electricity and cost savings to be shared among the resident families as well as the common areas, a first for California.

“This project provides us the opportunity to showcase our strengths at Real Goods Solar, from expert installation to education to renewable energy living,” said John Schaeffer, Founder and President of Real Goods Solar. “Richmond and San Francisco will have beautiful systems that will produce low-cost power for decades to come, and allow them to be an example for sustainability and green collar jobs in the community.”

Through the San Francisco City Build and Solar Richmond workforce training programs, approximately 36 workers who were previously unemployed now have jobs installing the systems.

December 1, 2009

SunPower Gains On Pacific Crest Upgrade

Filed under: SPWR — Tags: , , — Jason @ 9:56 am

By Eric Savitz

SunPower (SPWRA, SPWRB) shares are trading higher this morning after Pacific Crest analyst Mark Bachman lifted his rating on the stock to Outperform from Sector Perform.

Bachman says the recent “accounting debacle” at the solar company – SPWR found irregularities in the accounting practices of its unit in the Philippines – has provided “a unique buying opportunity.” While conceding that the accounting issue results in considerable risk, he adds that “the current stock price assumes a lower margin profile on future revenue, and thus the formal result from the investigation remains the primary headwind to investing in SunPower.”

He thinks the company can generate 20% gross margins going forward. Bachman says investors should look to 2011 revenue and earnings estimates to value SunPower, “as the stock is fully valued on 2010 estimates.” (Uh, can I just say that this seems like an odd approach to valuing stocks? Company you like looks too dear based on next year’s estimates? No worries. Just look out one more year, and the multiples shrink!)

Bachman lifted his 2010 EPS estimate to $1.44, from $1.31 (he’s still below the Street at $1.79), while introducing a 2011 estimate of $1.93.

SPWRA today is up $1.28, or 6.2%, to $21.95.

Suntech Signs 17MW Memorandum of Understanding with Pure energies, Expanding its Footprint in Ontario Solar Market

Filed under: STP — Tags: , , — Jason @ 9:10 am

9:10 am EST, Tuesday December 1, 2009

SAN FRANCISCO, Dec. 1 /PRNewswire-Asia/ — Suntech Power Holdings Co., Ltd. (STP), the world’s leading manufacturer of crystalline silicon photovoltaic (PV) modules, today announced it has signed a memorandum of understanding (“MOU”) with Ontario, Canada’s Pure energies to supply up to 17MW in 2010. The MOU, which also provides a framework for module supply from Suntech to Pure energies through 2011, is focused on bringing affordable, high-quality solar systems to Ontario’s rapidly growing residential solar market.

Pure energies, while meeting the domestic content requirement for 2010, will deploy Suntech’s industry-leading panels for its unique offering to the Ontario residential market, enabling the development of ‘eco friendly’ homes. Pure energies installs, leases and operates the solar systems for its customers. Pure energies’ offering is bolstered by the Ontario Power Authority’s (OPA) microFIT Program, designed to encourage the development of sub 10kW renewable energy projects across the province.

“Our agreement with Suntech is yet another win in establishing Pure energies’ brand name for the booming Ontario solar market,” said Ryan McCalley, Vice President and Co-Founder. “By securing Suntech’s high quality panels and reliable supply our customers can trust the quality and value they’re getting when they decide to take advantage of our unique offering.”

“The Ontario solar market is on an exciting trajectory, due to recent policy decisions and an eager customer base,” said Leonard May, Managing Director, North America Sales, Suntech. “We are confident in the innovative, focused approach of Pure energies and are looking forward to seeing the installations of Suntech panels spread across Ontario homeowner roofs next year.”

Pure energies will begin marketing Suntech panels immediately for installations beginning in 2010.

About Pure energies

Pure energies is a Canadian company based in Toronto and founded by Canadian solar and finance specialists. Pure energies is working with recognized channel to market partners that ensure deployment volume. Pure energies has the scale and density to streamline installations while buying directly from the world’s most recognized suppliers at terms and conditions normally reserved for large project developers. Pure energies will provide, install, finance, maintain and operate the deployed PV Solar systems. For more information, please visit

Trina Solar Announces China Market Sales Updates

Filed under: TSL — Tags: , , , — Jason @ 8:00 am

8:00 am EST, Tuesday December 1, 2009

CHANGZHOU, China, Dec. 1 /PRNewswire-Asia-FirstCall/ — Trina Solar Limited (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, announced today the recent progress of its PV module sales in the Chinese domestic PV market.

In the current fourth quarter of 2009, Trina Solar entered into a new sales agreement to supply approximately 8 MW of PV modules products at predetermined prices to the Chinese domestic market. Shipments commenced in November and are scheduled to continue through to the end of December 2009.

The Company also recently received government approval for a project of approximately 2 MW under the Golden Sun program, which aims to install approximately 20 MW of solar power capacity in every province.

The Company continues to monitor opportunities to participate in utility-scale domestic projects, and believes its strong brand recognition, leading cost platform and system integration experience will allow it to capture a growing share of China’s PV market.

“We look forward to playing an increasingly active role in China’s expanding solar market,” said Jifan Gao, Trina Solar’s Chairman and CEO. “Trina has a strong background in system integration, a capability that is backed by solid experience. We are committed to promoting the adoption of clean, reliable solar power in the domestic market and helping China to achieve its 2020 renewable energy targets.”

Solar Power, Inc. Enters Agreement with Beutler Corporation to Become an Authorized Dealer

Filed under: SOPW — Tags: , , — Jason @ 6:00 am

Beutler Heating and Air Conditioning to Carry Solar Power, Inc.’s Yes! Solar SolutionsTM Products

6:00 am EST, Tuesday December 1, 2009

ROSEVILLE, Calif.–(BUSINESS WIRE)–Solar Power, Inc. (“SPI”) (SOPW) announced today that it has signed a dealer agreement with Beutler Corporation making Beutler Heating and Air Conditioning one of the Company’s newest dealers to represent the Yes! Solar, Inc. product line. Beutler Heating and Air Conditioning has more than 60 years of experience and success in the residential and commercial HVAC business and has recently added a solar division to its operations which will carry SPI’s Yes! Independence SeriesTM integrated residential photovoltaic solar solutions as well as SPI’s commercial solar solutions. Beutler will offer the Yes!TM product line throughout all of its Northern California operations and service areas.

“The Yes! solar product line offers unique, high-quality turnkey solar solutions for both our residential and commercial customers,” said Rick Wylie, President of Beutler Corporation. “Their residential solar home energy systems provide us with a single-source solution which allows us to deploy a low-cost, superior-quality custom system with a very short installation cycle. Similarly, our commercial customers will benefit from SPI’s suite of integrated commercial solar solutions.”

“Beutler Corporation has a very strong brand presence in Northern California and it’s based on their reputation for quality and value,” said Steve Kircher, Chairman and CEO of Solar Power, Inc. “It is a privilege to be chosen for inclusion in Beutler’s product mix and service offering.”

Solar Power, Inc. currently has 17 dealers within the United States and a growing number of dealers and distributors across Europe, Asia and Australia. The Company’s Yes!TM products are fully integrated solutions sold in a kit form to qualified dealers. In addition, the Company also provides dealers with a full range of support services that includes system designs, permit ready plans and a proprietary monitoring service that allows homeowners to monitor system production and cumulative benefits. All of The Company’s solutions feature Solar Power, Inc.’s high-performance solar panels which have been top ranked by the California Energy Commission.

November 30, 2009

Sun Light & Power Wins SunPower ‘Intelegant Award for Excellence’ in Residential Solar System Installation

Filed under: SPWR — Tags: , , , , — Jason @ 4:30 pm

4:30 pm EST, Monday November 30, 2009

SAN JOSE, Calif., Nov. 30 /PRNewswire-FirstCall/ — SunPower Corp. (SPWRA, SPWRB), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Sun Light & Power, a SunPower Premier Dealer, has won the prestigious SunPower ‘Intelegant Award for Excellence’ in residential solar-electric power system installation. The company received the award for its installation of a 4.05-kilowatt SunPower solar system on the San Mateo, Calif. home of D’Arcy Roche.

The SunPower Intelegant Award recognizes residential SunPower solar-electric power system installations that exemplify SunPower’s commitment to excellence in aesthetics, quality and performance. Award-winning installations are selected for the quality of the design and installation as well as homeowner satisfaction.

“Sun Light & Power has been installing solar systems for more than three decades and we’re thrilled that more and more homeowners are choosing to install solar systems to help power their homes,” said Gary Gerber, president and founder of Sun Light & Power. “Not only are we committed to delivering the highest level of products and services, we are experts in designing solar systems for challenging rooftops. SunPower’s high-efficiency solar panels help us to succeed with this goal and we are very proud to be this year’s recipient of the Intelegant Award.”

“My goal was to install a solar system that would equal or exceed my annual energy consumption measured in kilowatt hours,” said N. D’Arcy Roche, homeowner. “Sun Light & Power successfully designed and installed a solar-electric system for my tile roof that generates the highest energy yield with the fewest number of panels. Using SunPower’s high-efficiency all-black solar panels, the system has generated twice my summer electrical demand and I’m confident I will end the year as a net contributor to the grid. I’m very pleased with the appearance of the panels, too.”

There are more than 900 residential and small commercial solar installers in the SunPower global dealer network. Dealers are provided training in the installation of SunPower products, and work closely with the company to provide customers with superior levels of service.

About Sun Light & Power

Sun Light & Power was formed 33 years ago in Berkeley, Calif., by Gary Gerber as one of the first solar energy companies in California. With more than 1,000 solar installations in the Bay Area and a staff of 60 + employees, Sun Light & Power prides itself on its skilled engineering staff, which works with many technically-challenging projects. More information is available at: or by calling: (510) 845-2997.

Telkonet’s Powerline Communications System Selected for Hoku Solar’s Clean Technology Solar Power System

Filed under: HOKU — Tags: , , , , — Jason @ 8:30 am

Telkonet iWire System Installed in Hawaii’s Lihue Airport to Enable LAN Connectivity for Rooftop Solar Panels

8:30 am EST, Monday November 30, 2009

GERMANTOWN, MD–(Marketwire – 11/30/09) – Telkonet, Inc. (TKOI), a Clean Technology company that develops and manufactures proprietary energy management and Smart Grid networking technology, today announced that Hoku Solar, a subsidiary of Hoku Scientific (HOKU), has installed Telkonet’s powerline communications (PLC) system for operation with its Clean Technology solar power system at Lihue Airport in Kauai, Hawaii. The Telkonet iWire System(TM) is enabling IP network connectivity for Hoku Solar’s 338 kilowatt photovoltaic (PV) power system that provides low-cost solar electricity to the airport.

The Lihue Airport project is one of seven PV systems installed recently by Hoku Solar as part of its power purchase agreement with the Hawaii State Department of Transportation (HDOT). Totaling nearly one megawatt of peak generating capacity, the rooftop projects are located primarily at airports throughout the state, supporting the energy efficiency goal of the Hawaii Clean Energy initiative, a partnership between the state of Hawaii and the U.S. Department of Energy. Hoku Solar’s long-term contracts allow HDOT to enjoy the benefits of clean, renewable energy with no upfront cost, and serve to stabilize HDOT operating costs by acting as a hedge against future increases in the cost of electricity.

Ryan McCauley, Hoku Solar’s General Manager, stated, “Hoku chose PLC because it was cost-effective, simple and reliable. PLC used the electrical cabling we had already used to connect the inverters, so we were able to avoid the additional cost of routing CAT5 cable and conduit. In addition, PLC helped us avoid wireless interference issues that we would have otherwise faced in the sensitive airport operating environment. The product is performing well and we are evaluating the possibility of installing the Telkonet iWire System at some of our additional locations.”

At the Lihue Airport, Hoku Solar installed PV solar panels in three separate rooftop arrays. Each array generates DC power, which is converted into grid-ready AC power by inverters that are attached to the arrays. To monitor and maintain the inverters and arrays, each inverter must be connected to an external central monitoring system. Telkonet’s PLC system provides a cost-effective and efficient way to network the three inverter locations. Using PLC, Hoku Solar found a solution that not only reduced the required number of connections and routers, but also enabled a networked system that complied fully with the sensitive security and electromagnetic operating requirements of a modern airport.

About Telkonet

Telkonet, a clean technology company, provides integrated, centrally-managed energy management and Smart Grid networking solutions that improve energy efficiency and reduce the demand for new energy generation. The company’s energy management systems, aimed at the hospitality, commercial, government, healthcare and education markets, are dynamically lowering HVAC costs in over 170,000 rooms, and are an integral part of various utilities’ green energy efficiency and rebate programs.

Primarily targeting Smart Grid and utility applications, Telkonet’s patented powerline communications (PLC) platform delivers cost-effective, robust networking, with real-time online monitoring and maintenance capabilities, increasing the reliability and energy efficiency across the entire utility grid.

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