North Coast Solar Stocks

December 15, 2009

Yingli Green Energy Announces Major Business Milestones

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

Commences Trial Production and Reaches Certain Key Technology and Operating Milestones at In-house Polysilicon Manufacturing Facility
Hits 1 GW in Accumulated Output of PV Modules

6:00 am EST, Tuesday December 15, 2009

BAODING, China, Dec. 15 /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 that it has successfully commenced trial production and reached certain key technology and operating milestones at Fine Silicon Co., Ltd. (“Fine Silicon”), its in-house polysilicon manufacturing facility with an annual production capacity of 3,000 metric tons (“MT”). The Company also announced that its total output of PV modules has reached 1 GW since the Company began commercial production in 2002.

Commences Trial Production and Reaches Key Technology and Operating Milestones at In-house Polysilicon Manufacturing Facility

Yingli Green Energy announced its in-house polysilicon manufacturing facility, Fine Silicon, has commenced trial production and reached certain key technology and operating milestones. Designed to have an annual production capacity of 3,000 MT, the Baoding-based facility is expected to reach full production volume in late 2010. With state-of-the-art facilities and advanced monosilane-based polysilicon manufacturing technology, Fine Silicon is expected to be capable of producing high quality solar-grade and electronic-grade polysilicon through energy-efficient and environmentally-friendly manufacturing processes. Compared with the trichlorosilane (“TCS”)-based polysilicon manufacturing technology, the advantages of the technology that Fine Silicon has adopted include significant electricity savings and low environmental impact. Fine Silicon’s process utilizes no chlorides or TCS, and sulfate, its by-product, is easily treated.

“With Fine Silicon on-line, Yingli Green Energy will join a limited number of global PV manufacturers with fully vertically integrated business models covering the manufacturing process from polysilicon to PV modules,” Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented. “As one of the world’s leading vertically integrated PV product manufacturers we look forward to further improving our cost structure, enhancing our operating performance and increasing our flexibility as we expand our global footprint.”

Mr. Miao also noted that Yingli Green Energy completed the construction of Fine Silicon in less than two years.

Accumulated Output of PV Modules Hits 1 GW

Yingli Green Energy also announced that since the Company began commercial production in 2002, it has produced a total of 1 GW of PV modules under the “Yingli Solar” brand.

Through a series of expansions, the Company has increased its annual production capacity for each of polysilicon ingots and wafers, PV cells and PV modules to 600 MW as of September 2009, up from an initial 3 MW in 2002. Annual shipments of PV modules increased from 4.7 MW in 2004 to 282 MW in 2008, and are expected to be between 490 MW and 500 MW for 2009, resulting from high product quality, extensive international sales channels and a well-recognized brand. In total, 1 GW of PV modules has an annual power output of over 1 billion kilowatt hours, which corresponds to displacement of approximately 1,000,000 tons of carbon dioxide emissions annually. In addition, Yingli Green Energy has created nearly 6,000 jobs across various areas of its business.

Mr. Miao noted that as shipment volume of “Yingli Solar” PV modules keeps growing, Yingli Green Energy’s PV technology has made significant advances, and the technical improvements resulting from the Company’s research and development efforts have been instrumental in significantly reducing its manufacturing costs and improving the performance of its products.

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Yingli Green Energy to Supply 130 MW of PV Modules to IBC SOLAR AG in 2010

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

6:00 am EST, Tuesday December 15, 2009

BAODING, China, Dec. 15 /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 IBC SOLAR AG (“IBC SOLAR”), one of the leading specialists in PV systems worldwide. Under the terms of the agreement, Yingli Green Energy has agreed to supply 130 MW of PV modules to IBC SOLAR from the first quarter through the fourth quarter of 2010.

“We are pleased to announce the largest contract in the history of Yingli Green Energy’s cooperation with IBC SOLAR, which is a testament to the strength of the relationships we maintain with our customers,” said Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “This cooperation with IBC SOLAR, one of the world’s largest suppliers of ready-to-use PV systems and all of the individual components for producing solar electricity, will further enhance our representation in major solar markets worldwide. In addition, this agreement represents our ongoing commitment to work with our customers to make it possible for clean, green and renewable energy from the sun to power businesses, homes and machines throughout the world.”

Mr. Miao noted that the agreement with IBC SOLAR also provides additional visibility into Yingli Green Energy’s expected sales for 2010.

Mr. Udo Mohrstedt, Chief Executive Officer of IBC SOLAR, commented, “We have always held that it is important for leading solar players to work together in order to supply our customers all over the world with state-of-the-art PV systems, so undoubtedly we are very confident to bring our cooperation with Yingli Green Energy to the next level.”

About IBC SOLAR AG

IBC SOLAR AG, founded in 1982, is a leading global photovoltaic integrator, offering complete solutions for power production from solar energy. The firm covers the entire spectrum, from planning to the turnkey handover of photovoltaic installations. Globally, IBC SOLAR has already implemented more than 100,000 turnkey photovoltaic systems with a total power output of 800 megawatt (MWp). IBC SOLAR is represented around the globe by several affiliates and currently employs around 300 employees, of which 210 are in Germany. The international business group IBC SOLAR is directed from its headquarters in Bad Staffelstein. For more information, please visit http://www.ibc-solar.com .

December 14, 2009

JA Solar Announces Share Repurchase Program

Filed under: JASO — Tags: , , , — Jason @ 7:05 pm

7:05 pm EST, Monday December 14, 2009

SHANGHAI, Dec. 14 /PRNewswire-FirstCall/ — JA Solar Holdings Co., Ltd. (JASO), a manufacturer of high-performance solar products, announced today that its Board of Directors has approved a share repurchase program, effective Dec. 14, 2009. Under this program, JA Solar is approved to repurchase up to an aggregate of US$75 million of its American Depositary Shares, or ADSs, representing its ordinary shares.

The repurchases will be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market and in block trades, pursuant to a 10b5-1 plan (which, if adopted, will allow JA Solar to repurchase its ADSs during periods in which it may be in possession of material non-public information or otherwise). The purchases will be made subject to restrictions relating to volume, price and timing. The timing and extent of any purchases will depend upon market conditions, the trading price of our ADSs and other factors.

“This share repurchase program is a demonstration of confidence in our financial strength and long-term growth opportunities,” said Baofang Jin, chairman and CEO of JA Solar. “The approval of the share repurchase program by our Board of Directors reflects our ongoing commitment to increase shareholder value.”

JA Solar Expects Q4 2009 Shipments to Exceed Prior Guidance; Issues Full Year 2010 Guidance

Filed under: JASO — Tags: , , , , — Jason @ 4:05 pm

4:05 pm EST, Monday December 14, 2009

SHANGHAI, Dec. 14 /PRNewswire-FirstCall/ — JA Solar Holdings Co., Ltd. (JASO), a manufacturer of high-performance solar products, announced today that based on current customer orders and product deliveries, it expects fourth quarter 2009 shipments to exceed the high-end of its prior guidance given on Nov 10, 2009. The company is raising its guidance for the full year of 2009, and issuing shipment guidance for the full year 2010.

Based on strong customer demand for JA Solar’s products, the company currently expects shipments for the fourth quarter of 2009 to exceed 210MW, compared with prior guidance in the range 170MW to 200MW. For the full year 2009, the company expects shipments to exceed 488MW, compared with prior guidance in the range of 448MW to 478MW.

“Demand has continued to be strong from our existing customers as well as new customers,” said Baofang Jin, chairman and CEO of JA Solar. “While we anticipate Q4 2009 to be even stronger than Q3 2009 in terms of shipments, we also expect strong shipments for the full year 2010 based on robust orders from existing customers and new customer wins.”

For the full year 2010, the company currently expects shipments to be in the range of 750MW to 800MW. “We continue to make progress in our global customer development, and are seeing strong demand for our high quality solar products from all major markets, including Germany, China, U.S., Italy, South Korea, Spain and France. We also expect strong growth from our newer markets, such as the Czech Republic and Japan,” said Baofang Jin.

Energy Conversion Devices Announces 3 Megawatt Rooftop Solar Project in Spain

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

Endesa Spain Chooses UNI-SOLAR for Two Solar Rooftop Installations

8:00 am EST, Monday December 14, 2009

ROCHESTER HILLS, Mich., Dec. 14 /PRNewswire-FirstCall/ — Energy Conversion Devices, Inc. (ECD) (ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced it has signed an agreement with Endesa in Spain to install 3.0 MWp of UNI-SOLAR® photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville.

Through its wholly owned subsidiary, United Solar Ovonic, ECD will oversee construction of the rooftop system, which will consist of UNI-SOLAR laminates bonded to the Giscosa waterproofing system and applied directly on the roofs. The completed system will be owned and managed by Endesa. Construction will begin this quarter, with completion expected in the first half of calendar 2010.

Andreu Cladera, Product Manager PV of Endesa Spain said, “We are excited to partner with ECD and United Solar on our largest rooftop solar project to date. UNI-SOLAR laminates are the perfect product for the type of low-load bearing rooftops that exist all over Spain. Their ability to generate more electricity per rated watt compared to other types of solar products made it easier for us to secure project financing. Additionally, UNI-SOLAR is easy to install, enabling us to install and activate the system in just a few months, allowing a rapid return on our initial investment.”

Mark Morelli, ECD’s president and chief executive officer, said, “This agreement is an example of an early success with our approach to developing large projects. Endesa Spain has significant expertise in both electricity generation and distribution in Spain’s rapidly evolving solar market. They understand the long-term importance of maintaining the roof’s integrity using a product that doesn’t make roof penetrations, as well as the financial benefits that our installations provide. We look forward to working with them on this and other projects in the future.”

LDK Solar Signs Module Supply Contract With Enfinity

Filed under: LDK — Tags: , , — Jason @ 3:15 am

3:15 am EST, Monday December 14, 2009

XINYU CITY, China and SUNNYVALE, Calif., Dec. 14 /PRNewswire-FirstCall/ — LDK Solar Co., Ltd. (LDK), a leading manufacturer of solar wafers, announced today that it has signed a contract to supply solar modules to Belgium-based Enfinity. Under terms of the agreement, LDK Solar will deliver approximately 50 megawatts (MW) of solar modules to Enfinity in 2010.

“We are very excited to expand our relationship with Enfinity,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “This new module sales contract with Enfinity reflects the growing interest and demand for our quality module products from European customers.”

“We are very pleased to secure LDK Solar’s quality modules, the contract reflects one quarter of our total demand for 2010,” stated Gino Van Neer, Board member of Enfinity. “We look forward to further cooperation with LDK Solar as we continue to build our leadership presence in the renewable energy sector.”

About Enfinity

Enfinity, headquartered in Belgium, is a fast-growing and ambitious business, internationally active in renewable energy. As a project specialist, Enfinity looks after the development and financing of in-house solar and wind energy power stations for electricity generation and is currently present in 19 countries in Europe, Asia and North America.

Besides its own project development, Enfinity sells integrated solar installations to companies and individuals. For individuals, this happens through an extensive dealer network which is geographically spread across Flanders and Wallonia.

In 2009 Enfinity will triple the turn-over to 240 million euro and today Enfinity provides work to more than 200 employees. At the beginning of 2009 Enfinity strengthened its international position with an investment of euro 50 million by Waterland investment company.

Belgian site: http://www.enfinity.be – International site: http://www.enfinity.biz

December 10, 2009

Akeena Solar’s Andalay AC Solar Panels Now Available at Lowe’s Home Improvement Stores

Filed under: AKNS — Tags: , , , , — Jason @ 7:00 am

Plug-and-Play Panels Hit Shelves at Lowe’s Energy Center in 21 Locations

7:00 am EST, Thursday December 10, 2009

LOS GATOS, Calif., Dec. 10, 2009 (GLOBE NEWSWIRE) — For the first time, homeowners can purchase high-performing, easy-to-install solar panels off the shelves of a major retailer, announced Akeena Solar Inc. (AKNS), a leading installer and manufacturer of solar power systems. The Andalay AC panels are available at 21 Lowe’s home-improvement stores throughout California. The panels, which were recently honored with a 2009 Popular Mechanics Breakthrough Product award, are featured as part of Lowe’s Energy Center at the stores.

“The PC revolution in the computer industry occurred when new technology made PCs easy to use and affordable,” said Barry Cinnamon, CEO of Akeena Solar. “Likewise, with panels becoming plug-and-play appliances, the solar revolution has started. The availability of solar panels in Lowe’s stores makes it easy for homeowners to go solar and is a big step toward getting solar on every sunny rooftop.”

The Lowe’s Energy Center is a one-stop, easy-to-shop destination that empowers customers to create an energy plan that fits their budget and home-improvement goals. An information kiosk offers a touch-screen display to help customers evaluate their home’s solar and wind potential, and the Energy Center features products that help them measure their energy use, reduce energy consumption and generate clean energy. Lowe’s is the first major retailer to offer many of these products in one place, products that range from power monitors and small solar chargers to a solar panel system. The Energy Center will be in additional U.S. and Canadian stores in 2010.

Breakthrough Andalay AC Panels are Safer, More Reliable and Simpler to Install

Andalay AC panels, developed by Akeena Solar in Silicon Valley, have integrated racking, wiring and grounding — reducing the overall parts count by 80 percent and protecting against performance-threatening breakdowns that could happen with ordinary DC power systems.

Andalay panels also have built-in inverters that produce household AC power, so there is no high-voltage DC wiring. These safety and reliability benefits are achieved without compromising performance. In fact, Andalay AC panels produce 5 to 25 percent more energy output compared with ordinary DC solar panels. Because of the modular design of Andalay AC panels, homeowners could install a few panels now and gradually add on later, unlike DC systems that require a complete redesign when adding panels.

Ordinary DC solar power systems also require special installation skills. The innovations provided by Andalay’s AC solar system deliver simplicity and safety so that for the first time, electricians, HVAC contractors and experienced do-it-yourselfers can install a solar power system without specialized training.

“Buying panels off the shelf at Lowe’s offers solar options to homeowners that they didn’t have,” continued Cinnamon. “Homeowners now can get a system as small as one panel. With Andalay’s safe household AC power design, they are the only real choice for do-it-yourselfers.”

Participating Lowe’s stores will stock the accessories required for installation, eliminating the need for do-it-yourselfers and contractors to pre-order components and enabling them to pick up what they need on the way to the installation.

December 9, 2009

Suntech Signs Long-term Supply Agreements for Up to 490MW in Europe

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

9:00 am EST, Wednesday December 9, 2009

SCHAFFHAUSEN, Switzerland, Dec. 9 /PRNewswire-Asia/ — Suntech Power Holdings Co., Ltd. (STP), the world’s leading manufacturer of crystalline silicon photovoltaic (PV) modules, today announced it has signed three long-term supply agreements for up to 490MW of high performance solar modules to be delivered over the next three years. Three of Suntech’s strategic long-term partners in Europe including a value-added reseller, an EPC (engineering, procurement and construction) company, and a project developer, signed the agreements to secure access to Suntech’s market leading solar modules and to develop closer collaboration on market information, shipment planning, and new product roll-outs.

“Customers choose to partner with Suntech because of our proven commitment to quality, reliability and performance, which is backed up by over 1.5GW of installations,” said Jerry Stokes, Suntech’s VP of Strategy and Business Development. “With the solar market expected to resume strong annual growth in 2010 and beyond, it is essential for both our partners and Suntech to gain a clearer understanding of future market drivers and project pipelines. This will enable us to align product specifications, performance and market demand with capacity expansion and to differentiate our products and the solutions offered by our partners.”

Under the terms of the agreements, 115MW is planned to be supplied in 2010, 155MW in 2011 and 220MW in 2012, with the option to increase volumes. Suntech anticipates concluding additional long-term supply agreements during the next few months reflecting a “flight to quality” solar companies that have bankable products, and the capability and credibility to support long-term growth.

David Hogg, Head Suntech Europe, added, “Suntech is a continually innovating, technology driven company. One example of this is our recently launched HiPerforma module incorporating Pluto cell technology, which holds the world record conversion efficiency for a polycrystalline PV module. Advance knowledge of such new product roll-outs and enhancements will enable our partners to specify Suntech products early in the design process, leading to superior system performance and stronger financial returns. This is especially important for large-scale project development that may take over 12 months from initial design through permitting and construction.”

Mendocino College Dedicates SunPower Solar Power System

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

$14.9 Million in Cost Savings Expected Over Next 25 Years

8:00 am EST, Wednesday December 9, 2009

UKIAH, Calif., Dec. 9 /PRNewswire-FirstCall/ — Mendocino College, Bank of America (BAC) and SunPower Corp. (SPWRA, SPWRB) today announced the completion of a 929-kilowatt solar power system on the college’s Ukiah campus. The system was financed by Bank of America and is expected to save the college $14.9 million in electricity costs over the next 25 years due in large part to the use of SunPower’s advanced sun-tracking technology.

“It makes sense to use the clean, renewable resource of the sun to power our schools sustainably,” said Mendocino College’s Director of Facilities Planning Mike Adams. “SunPower’s high-efficiency technology is maximizing the amount of sunlight that is converted to electricity for our operations and the cost savings that we will achieve as a result.”

Constructed in four months, the system utilizes SunPower solar panels, the most efficient solar panels on the market, with the SunPower Tracker® system. The Tracker follows the sun’s movement during the day, increasing sunlight capture by up to 25 percent over conventional fixed-tilt systems, while significantly reducing land use requirements.

“Colleges and universities in California are seizing the opportunity to help the state meet its growing energy demand and renewable energy goals,” said Bill Kelly, managing director, at SunPower. “Mendocino College understands the significant return on investment that SunPower systems deliver, and the added value of working with an experienced partner.”

According to conversion formulas provided by the U.S. Environmental Protection Agency, the solar system at Mendocino College is expected to displace more than 55 million pounds of carbon dioxide over the next 30 years. This is equivalent to the emissions displaced from removing more than 4,500 cars from California’s roads. Mendocino College owns the renewable energy credits and all environmental attributes associated with the system.

SunPower has more than 550 solar power systems in operation or under contract globally. The company has built other solar power systems for California community colleges including Napa Valley College, Ohlone College, the Foothill-DeAnza Community College District, and the Los Angeles Community College District.

(more…)

IUSD Board Approves Historic Solar Agreement Projected to Save $17 Million

Filed under: WFR — Tags: , , — Jason @ 1:03 am

SunEdison, SPG Solar to establish energy-generating solar power systems at 21 sites

1:03 am EST, Wednesday December 9, 2009

IRVINE, Calif.–(BUSINESS WIRE)–The Irvine Unified School District (IUSD) Board of Education today approved a plan to enter into an agreement with SunEdison, a subsidiary of MEMC Electronic materials (WFR), and SPG Solar to establish energy-generating solar photovoltaic (PV) power systems at twenty-one sites throughout the district. It will be the largest solar deployment for a public school system in the state of California.

The clean, silent renewable energy systems will save the district $17 million in energy expenses over 20 years based on conservative estimates. Under the terms of the power purchase agreement, the Irvine Unified School District will incur no upfront capital costs. SunEdison will finance, build, operate and maintain the solar power systems, with IUSD purchasing energy with long-term predictable pricing.

This unique partnership will also make solar PV part of the district’s curriculum. Students will utilize Internet-based monitoring of the solar PV system to track solar energy production and consumption in real time. In addition, students will learn how solar panels work and how weather impacts energy production.

“We are excited about the opportunity to educate our students with a real world project that conserves both energy and money,” said IUSD Board of Education member Michael Parham. “This enables the district to ‘practice what we preach’ as we lower electricity costs by more than $17 million and reduce greenhouse gas emissions equivalent to taking 12,000 cars off the road each year – a win-win-win for our kids, pocketbooks and planet.”

“We thank SunEdison and SPG Solar for making this a reality,” Parham said. “It is a game-changer in IUSD’s ongoing campaign to conserve, recycle and explore new technologies in the pursuit of sustainability.”

Projected Energy Production and Environmental Savings

The energy agreement approved today will:

* Generate more than 6.6 million kilowatt hours of solar energy in the first year based on the projected 21 sites.
* Generate more than 120 million kilowatt hours of solar energy over 20 years – enough energy to power more than 11,000 average homes for one year.
* Offset a projected 127 million pounds of carbon dioxide over 20 years – the equivalent of removing more than 12,000 cars from the road for one year, based on an average of 12,000 annual miles per vehicle.

According to SunEdison President and Executive VP for MEMC Carlos Domenech, “When you get chances in life to reduce the carbon footprint, reduce costs and help kids and a school district – it is pretty special. We are lucky there are school systems like Irvine that have this kind of vision.”

About SunEdison

SunEdison is North America’s largest solar energy services provider. The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. In 2008, SunEdison delivered more kilowatt hours (kWh) of energy than any other solar services provider in North America. For more information about SunEdison, please visit http://www.sunedison.com

About IUSD

Located in Orange County, Calif., the Irvine Unified School District is comprised of a community of learners, committed to the highest quality educational experience. IUSD educates a diverse population of approximately 27,000 K-12 students in 22 elementary schools, 5 middle schools, 4 comprehensive high schools and one continuation high school. The district’s strategic plan is driven by IUSD’s mission to enable all students to become contributing members of society, empowered with the skills, knowledge, and values necessary to meet the challenges of a changing world. For more, visit http://www.iusd.org.

December 8, 2009

SunEdison and SkyPower Receive Canadian Solar Award

Filed under: WFR — Tags: , , , , , — Jason @ 10:27 pm

Canadian Solar Industries Association Honors First Light Solar Energy Park in Stone Mills, Ontario

10:27 pm EST, Tuesday December 8, 2009

TORONTO, Ontario–(BUSINESS WIRE)–SunEdison, a subsidiary of MEMC Electronic materials (WFR) along with project partner, SkyPower, have been awarded the “Solar PV Project of the Year for Ground Mount” by CanSIA, the leading solar association in Canada. The award was presented for the 9.1-megawatt (MW) First Light Solar Energy Park in Stone Mills, Ontario, the largest solar energy park built to date in Canada. Ontario Deputy Premier and Minister of Energy & Infrastructure, Honourable George Smitherman presented the award.

In presenting the award Minister Smitherman said, “The First Light Solar Energy Park’s grand opening made solar dreams real for a lot of people in the industry – not just in Ontario – but across the country. For being the spark that is without question the very first big bright light of solar in Canada – but certainly not the last, we offer our congratulations.”

The system, covering 90 acres of land, approximately the size of 50 Canadian football fields, began transmitting energy to Hydro One Networks, the largest electricity transmission and distribution company in Ontario, on September 30. SunEdison and SkyPower expect First Light to generate more than 10 million kilowatt hours (kWhs), enough electricity to power approximately 1,000 homes in its first year of operation, the equivalent of taking almost 1,800 cars off the road and removing 8,000 metric tons of carbon from the atmosphere.

Commenting on the award, SunEdison President and Executive VP of MEMC Carlos Domenech said, “We are honored that we have been recognized along with our partner, SkyPower, with such a prestigious award from CanSIA. It is a reflection of SunEdison’s commitment to Canada, and underscores the opportunities for renewable energy made possible in Ontario. SunEdison looks forward to continued development of rooftop and ground mount solar systems throughout the Province, and throughout Canada.”

During construction of First Light, SunEdison and SkyPower worked closely with Ontario’s Ministry of Natural Resources to successfully preserve habitat for the endangered Eastern Loggerhead Shrike. First Light was built on bedrock that would have had limited use for other development, meeting the priority for protecting agricultural lands.

About SunEdison

SunEdison is North America’s largest solar energy services provider. The company finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government and utility customers. In 2008, SunEdison delivered more kilowatt hours (kWh) of energy than any other solar services provider in North America. For more information about SunEdison, please visit http://www.sunedison.com. SunEdison is a subsidiary of MEMC Electronic Materials.

About SkyPower Corp.

SkyPower is the leading independence renewable energy developer in Canada, and possesses proven expertise in developing, building and managing both large-scale and micro-generation wind and solar power projects. SkyPower has developed a national footprint, with a substantial number of projects at various stages of development across Canada, in select U.S. States, India and Panama representing thousands of mega watts (MW) of potential nameplate capacity. SkyPower continues to help many different jurisdictions meet their increasing demand for cleaner, non-emitting renewable energy solutions. For more information, visit http://www.skypower.com.

Applied Materials Announces Cash Dividend

Filed under: AMAT — Tags: , , — Jason @ 6:16 pm

6:16 pm EST, Tuesday December 8, 2009

SANTA CLARA, Calif.–(BUSINESS WIRE)–Applied Materials, Inc. (AMAT) today announced that its Board of Directors has approved a quarterly cash dividend of $0.06 per share payable on the company’s common stock. The dividend is payable on March 17, 2010 to stockholders of record as of February 24, 2010.

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 enbridge.com.

December 7, 2009

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 prospectus-ny@ny.email.gs.com.

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.

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 (http://www.reuters.com/article/mnEnergy/idUS244934880320091125) 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, (http://www.designnews.com/article/390668-Low_Cost_Bioplastics_Emerge_for_Solar_Cells.php), 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 (http://www.nortonrose.com/knowledge/publications/pdf/file23840.pdf?lang=en-gb), 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.

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

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

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 http://www.pure-energies.com.

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.”

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