FREMONT, Calif.--(BUSINESS WIRE)--Solaria Corporation, a global manufacturer of high-efficiency solar photovoltaic modules, today announced two new additions to its executive team: Marco Garcia, previously of Suniva, Suntech, and PowerLight, has been named Chief Commercial Officer; and Bob Zapotosky, previously of Flextronics, Ultra Cell, and Electronic Lighting, has been appointed Chief Financial Officer, replacing Chris Dier, who retired in April.
“We’re very appreciative of customer demand for our PV modules,” said Solaria CEO Dan Shugar. “By bringing on Marco Garcia, we’re going to accelerate customer focus to serve system integrators, developers and utilities. Marco has impressive solar sales experience; in his career, he’s driven and closed over 250 MW. We couldn’t be more excited to have him on board.”
“As Solaria’s manufacturing operations scale up, so does our need for an executive with high volume manufacturing expertise,” continued Shugar. “Bob’s experience at Flextronics gives him the skills and experience we need. I can’t imagine a better partner than Bob to oversee finance, information technology, risk management, contracts and facilities. A world class company needs a world class CFO, and Solaria is lucky to have had not one but two. I’ve been grateful to work with Chris and wish him the best.”
Marco Garcia has over 20 years of sales management and international business experience. He joins the Solaria team from Suniva, where he was Chief Commercial Officer. Prior to Suniva, Marco was vice president of the Commercial/Utility Division sales at Suntech Power. Mr. Garcia started his solar career at PowerLight Corporation (now SunPower Corporation), where he was the company’s top performing sales professional. In 2006, Mr. Garcia was promoted to Director of European Sales, where he built a team and created sales channels that exceeded sales goals. Mr. Garcia holds a B.S. in Electrical Engineering and a B.S. in Economics, both from Brown University, Rhode Island.
Bob Zapotosky has over 28 years of finance experience in a variety of both small, venture-backed start-up companies and large, multi-billion dollar companies, including extensive experience at Flextronics International, a high volume manufacturing company. Bob’s renewable energy experience includes tenures at Ultra Cell, a fuel cell company and Electronic Lighting Inc., a networkable energy efficiency lighting system for load management. Mr. Zapotosky holds a B.S. in Business Administration from Bowling Green State University, Ohio.
Saturday, April 30, 2011
Granite Commissions One of Nation’s First Solar-Powered Construction Materials Facilities
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite Construction Company, a wholly owned subsidiary of Granite Construction Incorporated (NYSE: GVA), announced today that one of its asphalt concrete and aggregate facilities in Indio, California, is among the first in the nation to use solar energy to generate as much as 75 percent of its required power. The clean energy produced on-site is equivalent to providing power for up to 100 homes.
“The commissioning of this site is significant not only for Granite and the Coachella Valley but also for the state of California,” said Jim Roberts, Granite president and chief executive officer. “This installation helps the state achieve its goal of reducing greenhouse gas emissions and signifies Granite’s environmental commitment to reducing consumption of traditional forms of power at our materials facilities.”
The state’s goal of reducing greenhouse gas emissions falls under the Global Warming Solutions Act (AB 32), a state-mandated plan to achieve reductions in greenhouse gas emissions by 2020.
The 318-kilowatt (kW) solar-powered project is designed using Amonix concentrated photovoltaic (CPV) solar power systems. Each of the six systems has dual-axis tracking to maximize the sun’s rays and generate clean energy to operate Granite’s facility. Amonix CPV technology is also powering a Granite facility in Tucson, Arizona, which has three systems on-site.
All surplus power generated when the plant is not in use provides usable clean energy to Imperial Irrigation District (IID) customers. IID helped make the project possible through its photovoltaic solar solutions program, which has provided more than $6 million in incentives to residential and nonresidential customers since 2008.
The Indio installation is representative of Granite’s initiative to reduce energy emissions at its construction materials facilities by 2012. To further this effort, Granite has teamed with Amonix to install an additional 159 kW system at its Swan facility in Arizona. In addition, Granite recently installed a 2-megawatt (MW) Amonix system at the University of Arizona’s Solar Technology Park. Granite has also started construction on a 1 MW facility in Coalinga, California, using thin-film technology from Solar Frontier.
Granite’s net metering facilities in Indio, Tucson, and Coalinga represent long-life sources of renewable energy with numerous environmental benefits. These projects will generate acceptable rates of return on invested capital and will provide Granite with valuable experience as a renewable energy contractor and developer. Granite believes that the renewable-energy market is an attractive space for growth and diversification due to its core competencies as a contractor with a leading market presence in areas abundant with renewable resources.
“The commissioning of this site is significant not only for Granite and the Coachella Valley but also for the state of California,” said Jim Roberts, Granite president and chief executive officer. “This installation helps the state achieve its goal of reducing greenhouse gas emissions and signifies Granite’s environmental commitment to reducing consumption of traditional forms of power at our materials facilities.”
The state’s goal of reducing greenhouse gas emissions falls under the Global Warming Solutions Act (AB 32), a state-mandated plan to achieve reductions in greenhouse gas emissions by 2020.
The 318-kilowatt (kW) solar-powered project is designed using Amonix concentrated photovoltaic (CPV) solar power systems. Each of the six systems has dual-axis tracking to maximize the sun’s rays and generate clean energy to operate Granite’s facility. Amonix CPV technology is also powering a Granite facility in Tucson, Arizona, which has three systems on-site.
All surplus power generated when the plant is not in use provides usable clean energy to Imperial Irrigation District (IID) customers. IID helped make the project possible through its photovoltaic solar solutions program, which has provided more than $6 million in incentives to residential and nonresidential customers since 2008.
The Indio installation is representative of Granite’s initiative to reduce energy emissions at its construction materials facilities by 2012. To further this effort, Granite has teamed with Amonix to install an additional 159 kW system at its Swan facility in Arizona. In addition, Granite recently installed a 2-megawatt (MW) Amonix system at the University of Arizona’s Solar Technology Park. Granite has also started construction on a 1 MW facility in Coalinga, California, using thin-film technology from Solar Frontier.
Granite’s net metering facilities in Indio, Tucson, and Coalinga represent long-life sources of renewable energy with numerous environmental benefits. These projects will generate acceptable rates of return on invested capital and will provide Granite with valuable experience as a renewable energy contractor and developer. Granite believes that the renewable-energy market is an attractive space for growth and diversification due to its core competencies as a contractor with a leading market presence in areas abundant with renewable resources.
Friday, April 29, 2011
SolarWorld Sponsors World-Class Big-Wave Surfer Kohl Christensen on Eve of Paddle-in Surf Circuit
HILLSBORO, Ore.--(BUSINESS WIRE)--SolarWorld has sponsored Hawaiian big-wave surfer Kohl Christensen, a SolarWorld authorized installer, in time for the Big Wave Surf Tour, an all-paddle-in series of four contests ranging from Chile to Oregon that effectively opens after a pair of big-wave awards events today and tomorrow.
SolarWorld, America’s largest solar manufacturer for more than 35 years, has operated in Hawaii for 30 years, beginning with a state-federal demonstration project of grid-connected residential systems on Oahu and Molokai in 1980. SolarWorld’s solar panels have shown extraordinary reliability in the tropical island state.
The company sponsored Christensen to showcase one of the many passionate and interesting members of its authorized installer network as well as to establish him as an ambassador for its solar mission. In the solar industry, Christensen, 34, is the Hawaii-based installation partner of Bonterra Renewable Energy & Solar Power; in the sport of surfing, he is a well-established athlete who pursues big waves at beaches all over the globe.
Within the weeks after a pair of awards events closing out the 2010-2011 season today in Anaheim, Calif., and tomorrow in San Clemente, Calif., the Big Wave World Tour is expected to start in Punta de Lobos, Chile. Other tour stops include Pico Alto, Peru; Todos Santos, Mexico; and Nelscott Reef, Oregon. All events require surfers to paddle, rather than being towed, into their rides. In 2010, Christensen finished first in Nelscott and second overall.
In championing the sustainable power of solar, Christensen views the world as an islander with limited resources. “It’s important that we wean ourselves off of petroleum and become more independent, especially on islands,” Christensen said. “But in reality, we’re all on an island. I plan to show people how to use the sun and solar power.”
Christensen, who grew up on the island of Oahu, lives off the grid on a three-acre property in a northwestern valley of the island, where he is establishing a fruit and vegetable farm featuring avocado, papaya and lime trees. His home uses solar electric power, solar hot water technology, and solar-powered water pumping for a well.
“Kohl’s drive to bring solar technology to electricity consumers one roof at a time and awe his many fans from one beach to the next will make him a compelling ambassador for solar and SolarWorld,” said Rusty Pittman, U.S. head of marketing for SolarWorld. “We know he will show the way to a sunnier future wherever he surfs.”
To follow Christensen’s solar-and-surf adventures, stay tuned to www.solarworldusa.com/blog.
SolarWorld, America’s largest solar manufacturer for more than 35 years, has operated in Hawaii for 30 years, beginning with a state-federal demonstration project of grid-connected residential systems on Oahu and Molokai in 1980. SolarWorld’s solar panels have shown extraordinary reliability in the tropical island state.
The company sponsored Christensen to showcase one of the many passionate and interesting members of its authorized installer network as well as to establish him as an ambassador for its solar mission. In the solar industry, Christensen, 34, is the Hawaii-based installation partner of Bonterra Renewable Energy & Solar Power; in the sport of surfing, he is a well-established athlete who pursues big waves at beaches all over the globe.
Within the weeks after a pair of awards events closing out the 2010-2011 season today in Anaheim, Calif., and tomorrow in San Clemente, Calif., the Big Wave World Tour is expected to start in Punta de Lobos, Chile. Other tour stops include Pico Alto, Peru; Todos Santos, Mexico; and Nelscott Reef, Oregon. All events require surfers to paddle, rather than being towed, into their rides. In 2010, Christensen finished first in Nelscott and second overall.
In championing the sustainable power of solar, Christensen views the world as an islander with limited resources. “It’s important that we wean ourselves off of petroleum and become more independent, especially on islands,” Christensen said. “But in reality, we’re all on an island. I plan to show people how to use the sun and solar power.”
Christensen, who grew up on the island of Oahu, lives off the grid on a three-acre property in a northwestern valley of the island, where he is establishing a fruit and vegetable farm featuring avocado, papaya and lime trees. His home uses solar electric power, solar hot water technology, and solar-powered water pumping for a well.
“Kohl’s drive to bring solar technology to electricity consumers one roof at a time and awe his many fans from one beach to the next will make him a compelling ambassador for solar and SolarWorld,” said Rusty Pittman, U.S. head of marketing for SolarWorld. “We know he will show the way to a sunnier future wherever he surfs.”
To follow Christensen’s solar-and-surf adventures, stay tuned to www.solarworldusa.com/blog.
China Nuvo Solar Provides Update on Debt Restructuring
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--China Nuvo Solar Energy, Inc. (OTCQB: CNUV) updated today its progress in its various debt restructuring initiatives. To date, approximately $1 million worth of debt has been eliminated through the conversion of debt to equity comprising both common and preferred stock as well as the divestiture of a non-operating subsidiary, which is expected to close in the very near term.
"This balance sheet de-leveraging is an integral step in preparing China Nuvo for our overall roll-up strategy," said China Nuvo Solar President, Henry Fong.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company's business model includes a roll-up strategy of clean energy companies and intellectual property within the renewable energy sector.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contacts
China Nuvo Solar Energy, Inc.
Henry Fong, President, 561-514-9042
"This balance sheet de-leveraging is an integral step in preparing China Nuvo for our overall roll-up strategy," said China Nuvo Solar President, Henry Fong.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company's business model includes a roll-up strategy of clean energy companies and intellectual property within the renewable energy sector.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Contacts
China Nuvo Solar Energy, Inc.
Henry Fong, President, 561-514-9042
LDK Solar Announces Proposed Offering of Senior Notes
XINYU CITY, China and SUNNYVALE, Calif., April 29, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. (NYSE: LDK) ("LDK Solar") announced today its intention to offer, subject to market and other conditions, U.S. dollar-denominated senior notes (the "Notes") to qualified institutional buyers in reliance on the exemption from the registration requirement of the United States Securities Act of 1933, as amended (the "Securities Act"), provided by Rule 144A promulgated thereunder and outside the United States in compliance with Regulation S under the Securities Act. The Notes will be guaranteed by certain of LDK Solar's offshore subsidiaries (the "Subsidiary Guarantees"). The interest rate, price and other terms are to be determined by negotiations between LDK Solar and the initial purchaser of the Notes.
LDK Solar intends to use the net proceeds of the offering to repay certain of its existing indebtedness with remaining maturities of up to one year.
This press release is for information only and is not an offer to sell or the solicitation of an offer to buy securities and neither this press release nor anything herein forms the basis for any contract or commitment whatsoever. This press release is not an offer of securities for sale in the United States. Any offers of the securities will be made only by means of a private offering memorandum. The Notes and the Subsidiary Guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. There will be no public offering of securities in the United States.
LDK Solar intends to use the net proceeds of the offering to repay certain of its existing indebtedness with remaining maturities of up to one year.
This press release is for information only and is not an offer to sell or the solicitation of an offer to buy securities and neither this press release nor anything herein forms the basis for any contract or commitment whatsoever. This press release is not an offer of securities for sale in the United States. Any offers of the securities will be made only by means of a private offering memorandum. The Notes and the Subsidiary Guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. There will be no public offering of securities in the United States.
Apollo Solar Energy Announces on Site Visit by US Senatorial Delegation
CHENGDU, China, April 29, 2011 /PR Newswire-Asia-First Call/ -- Apollo Solar Energy, Inc. (OTCBB: ASOE) ("Apollo Solar" or "the Company"), a leading vertically integrated refiner and producer of high purity tellurium (Te), tellurium-based compounds and other metals for the solar photovoltaic (PV) industry and specific segments of the electronic materials market worldwide, today announced that Mr. Harry Reid, majority leader of the United States Senate, along with 9 other United States Senators, visited the Company's manufacturing facilities in Chengdu on April 25, 2011. Never before has such a large congressional delegation visited Southwest China.
Senator Harry Reid and 9 other United States Senators, including Senator Richard Shelby (R-AL), Senator Barbara Boxer (D-CA), Senator Richard Durbin (D-IL), Senator Michael Enzi (R-WY), Senator Charles Schumer (D-NY), Senator Frank Lautenberg (D-NJ), Senator John Isakson (R-GA), Senator Jeff Merkley (D-OR), Senator Michael Bennet (D-CO), who were accompanied by US embassy officers, US Chengdu general consulate officers, and local governmental officers, visited Apollo's manufacturing facilities in Chengdu. The delegation had productive conversations with Apollo's new management team. Dr. Jingong Pan, CEO of the Company, reported the Company's recent progress in the areas of marketing and research and development. The Senate delegation was impressed by the company's unique advantages and ambitious plans in the solar energy field, and that the company expects to be the best core advanced material supplier for the CdTe thin film PV panels industry.
"The relationship between the United States and China is important for our two nations, but it is also important for the world," Senator Reid was quoted as saying on his website. "How the United States and China work together on commerce, currency and clean energy will help determine the future health of the global economy. I thank China's leaders for meeting with us to discuss these important issues." To learn more about this Senators delegation visit to Chengdu, please see: http://chengdu.usembassy-china.org.cn/codel201104.html
"We believe that the US Senate delegation's visit to our Company shows our leading position in the CdTe thin film PV industry. This industry expects tremendous growth in 2011 and beyond. Following First Solar's large commercial success, Abound Solar received a $400 million guarantee loan from the US Department of Energy last year, and GE announced a $600 million investment in Prime Star Solar in April 2011." Dr. Jingong Pan further stated: "We believe demand for our core products will increase dramatically when Abound Solar and Prime Star Solar commence CdTe thin film panel manufacturing. We also believe that Apollo's intensive research and unique processing of core materials will help our clients improve their efficiencies and cost competitiveness."
Senator Harry Reid and 9 other United States Senators, including Senator Richard Shelby (R-AL), Senator Barbara Boxer (D-CA), Senator Richard Durbin (D-IL), Senator Michael Enzi (R-WY), Senator Charles Schumer (D-NY), Senator Frank Lautenberg (D-NJ), Senator John Isakson (R-GA), Senator Jeff Merkley (D-OR), Senator Michael Bennet (D-CO), who were accompanied by US embassy officers, US Chengdu general consulate officers, and local governmental officers, visited Apollo's manufacturing facilities in Chengdu. The delegation had productive conversations with Apollo's new management team. Dr. Jingong Pan, CEO of the Company, reported the Company's recent progress in the areas of marketing and research and development. The Senate delegation was impressed by the company's unique advantages and ambitious plans in the solar energy field, and that the company expects to be the best core advanced material supplier for the CdTe thin film PV panels industry.
"The relationship between the United States and China is important for our two nations, but it is also important for the world," Senator Reid was quoted as saying on his website. "How the United States and China work together on commerce, currency and clean energy will help determine the future health of the global economy. I thank China's leaders for meeting with us to discuss these important issues." To learn more about this Senators delegation visit to Chengdu, please see: http://chengdu.usembassy-china.org.cn/codel201104.html
"We believe that the US Senate delegation's visit to our Company shows our leading position in the CdTe thin film PV industry. This industry expects tremendous growth in 2011 and beyond. Following First Solar's large commercial success, Abound Solar received a $400 million guarantee loan from the US Department of Energy last year, and GE announced a $600 million investment in Prime Star Solar in April 2011." Dr. Jingong Pan further stated: "We believe demand for our core products will increase dramatically when Abound Solar and Prime Star Solar commence CdTe thin film panel manufacturing. We also believe that Apollo's intensive research and unique processing of core materials will help our clients improve their efficiencies and cost competitiveness."
AlsoEnergy, Main Street Power, Morgan Stanley Partner to Commercialize Global Solar Projects
BOULDER, Colo., April 29, 2011 /PRNewswire/ -- AlsoEnergy today announced that its software and solutions products will serve as the monitoring and billing technology platform for international solar power projects developed, financed and operated by Main Street Power, the nation's fastest-growing solar developer, and Morgan Stanley, one of the world's largest financial institutions.
The latest project, dedicated on Earth Day by Colorado Gov. John Hickenlooper at the San Carlos Correctional Facility in Pueblo, is a 390 kW distributed solar photovoltaic installation on four state correctional facilities.
"This project helps further position Colorado as the nation's clean energy leader," said Hickenlooper. "It also shows the value of creative thinking and collaboration to promote renewable energy, cut red tape and create jobs."
AlsoEnergy has installed its monitoring and billing platform on more than 3.5 MW at over 50 solar projects developed by Main Street Power and financed by Morgan Stanley. The projects are located across the United States and Canada and include K-12 schools, colleges, and municipal and state government facilities.
"AlsoEnergy is the key to managing assets for the solar projects we're developing around the world," said Jonathan W. Postal, Main Street Power senior vice president of business development. "This partnership is leading the solar industry toward commercialization, and toward the greater goal of achieving triple bottom line business performance defined by environmental stewardship, social responsibility and solid economic metrics."
"We're proud to be a part of this international partnership with our web-based PowerTrack™ performance monitoring and financial tracking software and PowerLobby™ kiosk display systems," said AlsoEnergy CEO Robert Schaefer. "AlsoEnergy's mission-critical, real-time monitoring technology helps make it possible to deliver cost-competitive solar energy in the march toward electric power grid parity."
"We are pleased to be part of this innovative partnership," said Martin Mobley, vice president of MS Solar Solutions at Morgan Stanley. "This partnership will help distribute solar power in a way that makes business sense."
The latest project, dedicated on Earth Day by Colorado Gov. John Hickenlooper at the San Carlos Correctional Facility in Pueblo, is a 390 kW distributed solar photovoltaic installation on four state correctional facilities.
"This project helps further position Colorado as the nation's clean energy leader," said Hickenlooper. "It also shows the value of creative thinking and collaboration to promote renewable energy, cut red tape and create jobs."
AlsoEnergy has installed its monitoring and billing platform on more than 3.5 MW at over 50 solar projects developed by Main Street Power and financed by Morgan Stanley. The projects are located across the United States and Canada and include K-12 schools, colleges, and municipal and state government facilities.
"AlsoEnergy is the key to managing assets for the solar projects we're developing around the world," said Jonathan W. Postal, Main Street Power senior vice president of business development. "This partnership is leading the solar industry toward commercialization, and toward the greater goal of achieving triple bottom line business performance defined by environmental stewardship, social responsibility and solid economic metrics."
"We're proud to be a part of this international partnership with our web-based PowerTrack™ performance monitoring and financial tracking software and PowerLobby™ kiosk display systems," said AlsoEnergy CEO Robert Schaefer. "AlsoEnergy's mission-critical, real-time monitoring technology helps make it possible to deliver cost-competitive solar energy in the march toward electric power grid parity."
"We are pleased to be part of this innovative partnership," said Martin Mobley, vice president of MS Solar Solutions at Morgan Stanley. "This partnership will help distribute solar power in a way that makes business sense."
China Sunergy Files Its Annual Report on Form 20-F
NANJING, China, April 29, 2011 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or "The Company"), a specialized solar cell and module manufacturer, today announced that its annual report on Form 20-F for the year ended December 31, 2010, has been filed with the Securities and Exchange Commission, including its 2010 audited financial statements. The annual report on Form 20-F can be accessed via the investor relations section on the Company's website at: http://www.chinasunergy.com.
The Company will provide a hard copy of its annual report, including audited financial statements, free of charge to its shareholders and ADS holders upon request. Requests should be directed to IR@chinasunergy.com or by written request to Investor Relations, China Sunergy Co., Ltd., No. 123, West Focheng Road, Nanjing, Jiangsu Province, People's Republic of China, 211100.
An electronic copy of the annual report can also be found on the website of the Securities and Exchange Commission.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at http://www.chinasunergy.com.
The Company will provide a hard copy of its annual report, including audited financial statements, free of charge to its shareholders and ADS holders upon request. Requests should be directed to IR@chinasunergy.com or by written request to Investor Relations, China Sunergy Co., Ltd., No. 123, West Focheng Road, Nanjing, Jiangsu Province, People's Republic of China, 211100.
An electronic copy of the annual report can also be found on the website of the Securities and Exchange Commission.
About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at http://www.chinasunergy.com.
Thursday, April 28, 2011
Trina Solar Announces Research Partnership with Australian National University to Enhance High-Efficiency Solar Cells
CHANGZHOU, China, April 28, 2011 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from ingots to modules, today announced through its subsidiary, Changzhou Trina Solar Energy Co. Ltd., the signing of a three year research agreement with the Australian National University ("ANU"). The joint research and development agreement is expected to receive more than AUD3 million funding from the Australian Solar Institute ("ASI"). The ASI is part of the Australian Government's Clean Energy Initiative and aims to promote and support new innovative research ideas.
Under the term of the agreement, Trina Solar will collaborate with ANU to develop industry-ready n-type monocrystalline solar cells. The project aims to develop high efficiency n-type silicon solar cells with conversion efficiencies of 20% for mass production by leveraging existing and proven processing tools currently used for p-type cells. In addition, the project will aim to improve the efficiency of Trina Solar's standard p-type multicrystalline silicon solar cells, by increasing commercial production efficiency to approximately 19%.
"We are very excited to announce this research agreement with the Australian National University, which will help Trina Solar remain at the forefront of high-efficiency solar cell production," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "Our solar products are among the best performing in the solar space and we continue to enhance their performance while maintaining our cost leadership."
Project leader Associate Professor Daniel Macdonald from the Australian National University said that the outcome of this research is expected to make solar energy more affordable. "We are pleased to partner with Trina Solar in this project, and we look forward to working together to bring innovative new technologies into production. We hope this will be the start of a long-lasting partnership that will benefit both parties."
Under the term of the agreement, Trina Solar will collaborate with ANU to develop industry-ready n-type monocrystalline solar cells. The project aims to develop high efficiency n-type silicon solar cells with conversion efficiencies of 20% for mass production by leveraging existing and proven processing tools currently used for p-type cells. In addition, the project will aim to improve the efficiency of Trina Solar's standard p-type multicrystalline silicon solar cells, by increasing commercial production efficiency to approximately 19%.
"We are very excited to announce this research agreement with the Australian National University, which will help Trina Solar remain at the forefront of high-efficiency solar cell production," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "Our solar products are among the best performing in the solar space and we continue to enhance their performance while maintaining our cost leadership."
Project leader Associate Professor Daniel Macdonald from the Australian National University said that the outcome of this research is expected to make solar energy more affordable. "We are pleased to partner with Trina Solar in this project, and we look forward to working together to bring innovative new technologies into production. We hope this will be the start of a long-lasting partnership that will benefit both parties."
JinkoSolar Signs 50 MW Solar Module Supply Agreement with BULL PowerTech
SHANGHAI, April 28, 2011 /PRNewswire-Asia-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a fast-growing and vertically-integrated solar power product manufacturer with low-cost operations based in China, announced today that it has entered into an agreement to supply a total of 50 megawatts ("MW") of solar modules to BULL PowerTech GmbH ("BULL PowerTech"), the new solar business segment of BULL Holding AG, a worldwide leader in photovoltaic ("PV") technology, supply and production.
Under the terms of the agreement, which is the first between the two companies, JinkoSolar's solar modules will be delivered in 2011 under a co-branded label with BULL PowerTech.
"We are impressed with the quality of JinkoSolar's modules and the level of customer service," said Manuel Thaler, founder of Bull Holding AG. "Much like BULL Holding AG's business, JinkoSolar's business is growing rapidly. We are excited to work with them as we ramp up our market share and hope their solar modules can contribute to more projects going forward."
Mr. Arturo Herrero, chief marketing officer at JinkoSolar, commented, "We are pleased to supply solar modules to BULL PowerTech, a fast-growing PV company with experienced management and deep knowledge of the solar industry, particularly in Austria and Germany. Our high-quality modules should be a good addition to BULL Holding's growing portfolio. As we continue to execute on our strategy to build out our business in Europe and the rest of the world, we hope to develop a long-term relationship with BULL Holding and BULL PowerTech GmbH as well as increase our shipments to their regions."
Under the terms of the agreement, which is the first between the two companies, JinkoSolar's solar modules will be delivered in 2011 under a co-branded label with BULL PowerTech.
"We are impressed with the quality of JinkoSolar's modules and the level of customer service," said Manuel Thaler, founder of Bull Holding AG. "Much like BULL Holding AG's business, JinkoSolar's business is growing rapidly. We are excited to work with them as we ramp up our market share and hope their solar modules can contribute to more projects going forward."
Mr. Arturo Herrero, chief marketing officer at JinkoSolar, commented, "We are pleased to supply solar modules to BULL PowerTech, a fast-growing PV company with experienced management and deep knowledge of the solar industry, particularly in Austria and Germany. Our high-quality modules should be a good addition to BULL Holding's growing portfolio. As we continue to execute on our strategy to build out our business in Europe and the rest of the world, we hope to develop a long-term relationship with BULL Holding and BULL PowerTech GmbH as well as increase our shipments to their regions."
Solutia Begins Producing EVA Encapsulants in China
ST. LOUIS, April 28, 2011 /PRNewswire/ -- Solutia Inc. (NYSE: SOA) announced today the opening of its new Vistasolar® ethylene vinyl acetate (EVA) manufacturing center in Suzhou, China. The new facility recently passed major testing milestones and is now ready to supply commercial-grade Vistasolar EVA encapsulant for use in solar modules. This announcement marks the latest in a series of investments Solutia has made to help solar module manufacturers lower the total cost of production and help make solar energy competitive with traditional sources of energy.
Solutia is the market leader for EVA films in Europe and the first global supplier to build an EVA manufacturing center in China. Chinese solar module manufacturers currently produce more than half of all modules installed globally, and this new manufacturing center will strengthen Solutia's position to reliably supply high-quality solar encapsulants to the Chinese photovoltaic market. Solutia also produces encapsulants in Germany, Belgium, the United States, Mexico and Brazil.
"The industry requires reductions in cost per watt for solar energy," said Christopher Reed, Solutia photovoltaic business director. "By investing directly into China, our ability to reduce the total cost of production and enhance our service levels to Chinese module manufacturers is greatly improved."
This is Solutia's first new EVA production facility to be developed after the acquisition of Etimex Solar GmbH of Germany. The facility is based at the company's Suzhou, China manufacturing center, which also produces Saflex® polyvinyl butyral (PVB) films. Solutia continues to be the only manufacturer of all major photovoltaic module encapsulant technologies, including EVA, PVB and thermal polyurethane (TPU).
"Vistasolar has been a pioneer in EVA encapsulants since 1980. We intend to build on our market-leading position in Europe based on proven, high-quality formulations and finished product," said Tim Wessel, president and general manager of Solutia's Advanced Interlayers division. "Vistasolar EVA is the most recognized and trusted name for encapsulants in the world's largest solar market. This enhances the bankability of the solar module."
With more than 100 years of combined encapsulation process expertise, manufacturing scale and scalability, and a track record of rapid innovation, Solutia is uniquely positioned to provide complete solutions to the world's leading solar module manufacturers. Learn more at www.solutia.com/PV .
Solutia is the market leader for EVA films in Europe and the first global supplier to build an EVA manufacturing center in China. Chinese solar module manufacturers currently produce more than half of all modules installed globally, and this new manufacturing center will strengthen Solutia's position to reliably supply high-quality solar encapsulants to the Chinese photovoltaic market. Solutia also produces encapsulants in Germany, Belgium, the United States, Mexico and Brazil.
"The industry requires reductions in cost per watt for solar energy," said Christopher Reed, Solutia photovoltaic business director. "By investing directly into China, our ability to reduce the total cost of production and enhance our service levels to Chinese module manufacturers is greatly improved."
This is Solutia's first new EVA production facility to be developed after the acquisition of Etimex Solar GmbH of Germany. The facility is based at the company's Suzhou, China manufacturing center, which also produces Saflex® polyvinyl butyral (PVB) films. Solutia continues to be the only manufacturer of all major photovoltaic module encapsulant technologies, including EVA, PVB and thermal polyurethane (TPU).
"Vistasolar has been a pioneer in EVA encapsulants since 1980. We intend to build on our market-leading position in Europe based on proven, high-quality formulations and finished product," said Tim Wessel, president and general manager of Solutia's Advanced Interlayers division. "Vistasolar EVA is the most recognized and trusted name for encapsulants in the world's largest solar market. This enhances the bankability of the solar module."
With more than 100 years of combined encapsulation process expertise, manufacturing scale and scalability, and a track record of rapid innovation, Solutia is uniquely positioned to provide complete solutions to the world's leading solar module manufacturers. Learn more at www.solutia.com/PV .
SunPower and Total Partner to Create a New Global Leader in the Solar Industry
SAN JOSE, Calif. and PARIS, April 28, 2011 /PRNewswire/ -- SunPower (Nasdaq: SPWRA, SPWRB) and Total (CAC: TOTF.PA) today announced that the two companies have entered into a broad strategic relationship to shape the future of the solar industry. Total Group will launch a friendly tender offer through a wholly owned subsidiary for up to 60 percent of SunPower's outstanding Class A Common shares and 60 percent of SunPower's outstanding Class B Common shares at a price of $23.25/share for each class. The offer price represents a 46 percent premium over the April 27, 2011 closing price of SunPower's Class A common stock and a 49 percent premium over the April 27, 2011 closing price of SunPower's Class B common stock, and values SunPower's equity at $2.3 billion. In addition, Total will provide SunPower with up to $1 billion of credit support over the next five years. Following closing of the transaction, which has been approved by the boards of both companies, SunPower will continue to operate with its current management team.
"Total's commitment and global presence will help accelerate our growth and solidify our position in the increasingly competitive solar sector," said Tom Werner, SunPower's CEO. "With Total's $1 billion credit support agreement, solar research and development investments and the other resources available through its global network, we have taken the next step in positioning our business for continued growth and long-term success. Our relationship with Total will improve our capital structure enabling SunPower to accelerate our power plant and commercial development businesses, and expand our manufacturing capacity with lower cash requirements."
"The world future energy balance will be the result of a long-term transition in which renewable energies will take their place alongside conventional resources," said Philippe Boisseau, President, Total Gas and Power Division. "Over the past years, Total has built up sizeable renewable energy activities. Today, Total is executing on its strategy to become a major integrated player in solar energy. We evaluated multiple solar investments for more than two years and concluded that SunPower is the right partner based on its people, world-leading technology and cost roadmap, vertical integration strategy and downstream footprint."
"Solar is becoming a material addition to the new generation portfolio around the world, with more than 40,000 MW of solar photovoltaic power installed globally," continued Werner. "Total and SunPower will collaborate to ensure that solar becomes a platform for an efficient, competitive and sustainable energy future. Already, SunPower's high-efficiency, high-reliability solar photovoltaic power plant costs are competitive with other new resources."
"SunPower is preparing for rapid expansion through the next decade," added Boisseau. "We look forward to supporting SunPower as a strategic partner with whom we expect to find many synergies with our solar activities as well as with Total Group overall, while maintaining their entrepreneurial culture of rapid innovation."
Transaction Details
Under the terms of the tender offer agreement, SunPower shareholders will receive $23.25 per share in cash at closing for each share validly tendered in the tender offer, subject to pro-ration in the event that more than 60 percent of SunPower's Class A and Class B shares are tendered. Total expects to begin its tender offer within 10 business days. Following the completion of the transaction, SunPower's shares will continue to trade on Nasdaq under the symbols "SPWRA" and "SPWRB." The closing of the tender offer is conditioned on a minimum of 50% of the outstanding shares of each of the Class A and Class B common stock being tendered, clearance by U.S. and European Union antitrust authorities, and other customary closing conditions.
Under the credit support agreement, Total will offer to guarantee an amount up to $1 billion of SunPower's repayment obligations with respect to letters of credit issued over the next five years in connection with SunPower's global utility power plant and large commercial installation businesses. This credit support should allow SunPower to substantially reduce the total costs of its letters of credit and financing. SunPower's affiliation with Total is expected to benefit SunPower, lowering its cost of capital and increasing its access to uncollateralized debt financing.
In addition, SunPower and Total have entered into an affiliation agreement under which Total will nominate a majority of directors to SunPower's board of directors, which will be expanded to 11 members following the closing. This agreement also includes conditions on Total's ability to purchase additional shares of SunPower. Specified transactions between Total and SunPower shall be approved in advance by SunPower's independent board members.
SunPower and Total have also entered into a research and collaboration agreement under which the companies will focus on advancing photovoltaic technologies across multiple research and development projects.
SunPower intends to call a meeting of its stockholders within six months following closing to combine its Class A and Class B common stock into a single class of common stock with one vote per share. This plan is subject to the company's receipt of a tax opinion that such reclassification will be permitted on a tax free basis, and Total has agreed to vote its shares in favor of the reclassification.
SunPower will discuss this release and provide an update on its 2011 first quarter results, which will be released on May 12, 2011 in a conference call on Thursday, April 28, 2011 at 2:00 p.m. Pacific Time. The call-in number is 517-623-4618, passcode SunPower. The call will be webcast and can be accessed from SunPower's website at http://investors.SunPowercorp.com/events.cfm.
"Total's commitment and global presence will help accelerate our growth and solidify our position in the increasingly competitive solar sector," said Tom Werner, SunPower's CEO. "With Total's $1 billion credit support agreement, solar research and development investments and the other resources available through its global network, we have taken the next step in positioning our business for continued growth and long-term success. Our relationship with Total will improve our capital structure enabling SunPower to accelerate our power plant and commercial development businesses, and expand our manufacturing capacity with lower cash requirements."
"The world future energy balance will be the result of a long-term transition in which renewable energies will take their place alongside conventional resources," said Philippe Boisseau, President, Total Gas and Power Division. "Over the past years, Total has built up sizeable renewable energy activities. Today, Total is executing on its strategy to become a major integrated player in solar energy. We evaluated multiple solar investments for more than two years and concluded that SunPower is the right partner based on its people, world-leading technology and cost roadmap, vertical integration strategy and downstream footprint."
"Solar is becoming a material addition to the new generation portfolio around the world, with more than 40,000 MW of solar photovoltaic power installed globally," continued Werner. "Total and SunPower will collaborate to ensure that solar becomes a platform for an efficient, competitive and sustainable energy future. Already, SunPower's high-efficiency, high-reliability solar photovoltaic power plant costs are competitive with other new resources."
"SunPower is preparing for rapid expansion through the next decade," added Boisseau. "We look forward to supporting SunPower as a strategic partner with whom we expect to find many synergies with our solar activities as well as with Total Group overall, while maintaining their entrepreneurial culture of rapid innovation."
Transaction Details
Under the terms of the tender offer agreement, SunPower shareholders will receive $23.25 per share in cash at closing for each share validly tendered in the tender offer, subject to pro-ration in the event that more than 60 percent of SunPower's Class A and Class B shares are tendered. Total expects to begin its tender offer within 10 business days. Following the completion of the transaction, SunPower's shares will continue to trade on Nasdaq under the symbols "SPWRA" and "SPWRB." The closing of the tender offer is conditioned on a minimum of 50% of the outstanding shares of each of the Class A and Class B common stock being tendered, clearance by U.S. and European Union antitrust authorities, and other customary closing conditions.
Under the credit support agreement, Total will offer to guarantee an amount up to $1 billion of SunPower's repayment obligations with respect to letters of credit issued over the next five years in connection with SunPower's global utility power plant and large commercial installation businesses. This credit support should allow SunPower to substantially reduce the total costs of its letters of credit and financing. SunPower's affiliation with Total is expected to benefit SunPower, lowering its cost of capital and increasing its access to uncollateralized debt financing.
In addition, SunPower and Total have entered into an affiliation agreement under which Total will nominate a majority of directors to SunPower's board of directors, which will be expanded to 11 members following the closing. This agreement also includes conditions on Total's ability to purchase additional shares of SunPower. Specified transactions between Total and SunPower shall be approved in advance by SunPower's independent board members.
SunPower and Total have also entered into a research and collaboration agreement under which the companies will focus on advancing photovoltaic technologies across multiple research and development projects.
SunPower intends to call a meeting of its stockholders within six months following closing to combine its Class A and Class B common stock into a single class of common stock with one vote per share. This plan is subject to the company's receipt of a tax opinion that such reclassification will be permitted on a tax free basis, and Total has agreed to vote its shares in favor of the reclassification.
SunPower will discuss this release and provide an update on its 2011 first quarter results, which will be released on May 12, 2011 in a conference call on Thursday, April 28, 2011 at 2:00 p.m. Pacific Time. The call-in number is 517-623-4618, passcode SunPower. The call will be webcast and can be accessed from SunPower's website at http://investors.SunPowercorp.com/events.cfm.
Stevinson Ranch Golf Club Breaks Ground on Two Solar Systems with Cenergy Power
Cenergy Power was selected to design and construct the solar system due to its engineering and project structuring expertise. Both solar system designs are optimized to generate over 300,000 kilowatt hours of clean solar power annually. This is equivalent to removing over 460,000 lbs. of CO2 from the atmosphere or planting 45 acres of pine forest annually.
These solar projects are direct evidence of Stevinson’s commitment to sustainability and eco-friendly practices. "Being one of the pioneers in our industry to utilize the sun, the world's most abundant resource, and harvesting its energy to offset our power is exciting," says George Kelley, Principal of Stevinson Golf Club. “We pride ourselves on our energy and sustainability efforts -- from our eco-friendly Greenway Golf Maintenance (most recently) and our solar power systems.”
As part of the solar arrangement, in addition to the design, engineering and installation, Cenergy Power will be providing 10 years of scheduled operations and maintenance ("O&M") work, including but not limited to, touch-free panel cleanings, preventative maintenance & repair, and overall system warranties.
SolarEdge Launches PV Inverter Production Line in Ontario, Canada, Supplying North America
GRASS VALLEY, Calif. & HOD HASHARON, Israel--(BUSINESS WIRE)--SolarEdge Technologies, Inc. a worldwide leader in end-to-end distributed solar power harvesting and PV monitoring solutions, announced today the opening of a new production line for North America at the Flextronics factory in Newmarket, Ontario, Canada. Local production of SolarEdge inverters complies with Ontario’s Domestic Content requirement and therefore enables installers to benefit from the Ontario microFiT and FiT (Feed-in-Tariff) programs.
The SolarEdge inverters are part of the company’s leading power optimization system, which includes PV power optimizers and module-level monitoring. SolarEdge systems offer a number of advantages over traditional central inverters, including an up to 25% increase in energy yield, module-level monitoring for high-resolution remote diagnostics, and safer installation and maintenance.
The production in Ontario, launched earlier this month, and already enables SolarEdge customers investing in private and commercial installations to meet the domestic content level required by the Ontario Power Authority feed-in-tariff (FiT) program. The Ontario facility will supply SolarEdge products to the North American market to ensure continuous fast delivery in light of the growing demand for SolarEdge products.
“We’re thrilled to support Ontario’s Green Energy Act for promoting renewable energy and creating highly skilled green jobs,” says John Berdner, SolarEdge’s General Manager for North America.
"We are pleased that SolarEdge has expanded their collaboration with Flextronics. By working together, we will advance Cleantech solutions throughout Canada,” says EC Sykes, President, Flextronics’ Industrial Market Segment. “Flextronics is proud to bring its unique capabilities to this endeavor. Flextronics is the only provider of our size that touches products reflecting every aspect of the Cleantech ecosystem, resulting in comprehensive solutions for our customers.”
SolarEdge exhibits at Solar Ontario 2011, booth no 216, on May 5-6 at Windsor, Ontario. Join the SolarEdge Ontario workshop to learn how to design PV systems using distributed MPPT solutions, with special emphasis on low temperature performance and module monitoring capabilities. The workshop will review code compliance issues and present a microFiT sample design. SolarEdge systems are especially suitable for the Canadian weather, as a fixed string voltage ensures high efficiency despite large temperature and voltage variance. For registration, fill in the online form.
The SolarEdge inverters are part of the company’s leading power optimization system, which includes PV power optimizers and module-level monitoring. SolarEdge systems offer a number of advantages over traditional central inverters, including an up to 25% increase in energy yield, module-level monitoring for high-resolution remote diagnostics, and safer installation and maintenance.
The production in Ontario, launched earlier this month, and already enables SolarEdge customers investing in private and commercial installations to meet the domestic content level required by the Ontario Power Authority feed-in-tariff (FiT) program. The Ontario facility will supply SolarEdge products to the North American market to ensure continuous fast delivery in light of the growing demand for SolarEdge products.
“We’re thrilled to support Ontario’s Green Energy Act for promoting renewable energy and creating highly skilled green jobs,” says John Berdner, SolarEdge’s General Manager for North America.
"We are pleased that SolarEdge has expanded their collaboration with Flextronics. By working together, we will advance Cleantech solutions throughout Canada,” says EC Sykes, President, Flextronics’ Industrial Market Segment. “Flextronics is proud to bring its unique capabilities to this endeavor. Flextronics is the only provider of our size that touches products reflecting every aspect of the Cleantech ecosystem, resulting in comprehensive solutions for our customers.”
SolarEdge exhibits at Solar Ontario 2011, booth no 216, on May 5-6 at Windsor, Ontario. Join the SolarEdge Ontario workshop to learn how to design PV systems using distributed MPPT solutions, with special emphasis on low temperature performance and module monitoring capabilities. The workshop will review code compliance issues and present a microFiT sample design. SolarEdge systems are especially suitable for the Canadian weather, as a fixed string voltage ensures high efficiency despite large temperature and voltage variance. For registration, fill in the online form.
China Nuvo Solar Provides Update on Freya Acquisition and Financing
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--China Nuvo Solar Energy, Inc. (OTCQB: CNUV) updated today its progress with the previously announced Freya Energy, Inc. acquisition and its financing plans. As previously reported, the Company is seeking substantially non-dilutive and non-toxic forms of financing. In that regard, the Company said it has received documentation from an investment fund outlining various types of available financing including purchase order financing, factoring of accounts receivable, equipment leasing and equipment sale leaseback. None of these financing alternatives involves any type of equity. Based on discussions with principals of the investment fund, the Company believes the fund can tailor certain financing solutions to meet the Company's needs.
In addition, the Company has received several term sheets relating to equity-based financing transactions from funds with significant experience working with the needs of micro-cap companies. Although equity-based transactions involve a certain amount of dilution to stockholders, the company is focusing on those types of financings that would be based on sales of restricted stock.
The Company and its legal counsel have also completed the initial definitive documents for the acquisition and is presently circulating them among the various parties.
About Freya Energy
Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.
Freya's technology is protected by patent filings, ready for manufacture without the need for additional research and development. Freya has developed a commercialization plan for rapid market entry. Its personal relationships with known and established customers position the company for timely sales in the United States and Europe. Subject to initial funding and satisfactory prototypes, Freya has millions of dollars in letters of intent that can be converted to purchase orders.
Freya has an experienced management and technical team led by well respected innovators in battery technology.
In addition, the Company has received several term sheets relating to equity-based financing transactions from funds with significant experience working with the needs of micro-cap companies. Although equity-based transactions involve a certain amount of dilution to stockholders, the company is focusing on those types of financings that would be based on sales of restricted stock.
The Company and its legal counsel have also completed the initial definitive documents for the acquisition and is presently circulating them among the various parties.
About Freya Energy
Freya is a producer of safe large format lithium ion cells and batteries for demanding applications. Freya believes its proprietary separator provides greater safety than competitive products and provides a higher energy density than others on the market.
Freya's technology is protected by patent filings, ready for manufacture without the need for additional research and development. Freya has developed a commercialization plan for rapid market entry. Its personal relationships with known and established customers position the company for timely sales in the United States and Europe. Subject to initial funding and satisfactory prototypes, Freya has millions of dollars in letters of intent that can be converted to purchase orders.
Freya has an experienced management and technical team led by well respected innovators in battery technology.
National Media Spotlights Solar3D
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Solar3D, Inc. (OTCBB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, has been featured in articles published by CNBC.com and The Christian Science Monitor.
Inspired by light management techniques used in fiber optic devices, the company’s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. Solar3D’s management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.
“It is exciting to see our progress recognized on a national level,” commented Jim Nelson, President and CEO of Solar3D. “The milestones reported in the articles are giant steps toward completion of our prototype, which could in turn greatly affect the economics of solar energy.”
Solar3D’s new solar cell will have two principal sections: the Light Collector section and the Micro Photovoltaic section. The articles reported the completion of the Light Collector design, from which structure of the rest solar cell will flow. The company’s research and development team believes that they can soon calculate the increase in efficiency that the overall 3-dimensional solar cell can achieve relative to current technology.
CNBC.com and The Christian Science Monitor (which picked up the story from CNBC) also cited Bill Mazotti, of National Semiconductor, who finds Solar3D’s technology intriguing, especially with the tremendous pressure put on the solar industry to reduce the cost of generated electricity.
“We are pleased that people recognize what we are trying to do,” continued Nelson. “We have taken up the gauntlet thrown down by (US Energy Secretary) Steven Chu to reduce the cost of solar power to $1 per kilowatt hour. The increased efficiency of the 3-dimensional solar cell, coupled with decreased costs of production we are designing in, will reduce the cost considerably.”
As the Company nears the completion of its prototype in the fourth quarter, management will seek a fabrication partner, most likely in the semiconductor industry, who will participate in bringing the product to market.
Inspired by light management techniques used in fiber optic devices, the company’s innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. Solar3D’s management believes that this breakthrough solar cell design will dramatically change the economics of solar energy.
“It is exciting to see our progress recognized on a national level,” commented Jim Nelson, President and CEO of Solar3D. “The milestones reported in the articles are giant steps toward completion of our prototype, which could in turn greatly affect the economics of solar energy.”
Solar3D’s new solar cell will have two principal sections: the Light Collector section and the Micro Photovoltaic section. The articles reported the completion of the Light Collector design, from which structure of the rest solar cell will flow. The company’s research and development team believes that they can soon calculate the increase in efficiency that the overall 3-dimensional solar cell can achieve relative to current technology.
CNBC.com and The Christian Science Monitor (which picked up the story from CNBC) also cited Bill Mazotti, of National Semiconductor, who finds Solar3D’s technology intriguing, especially with the tremendous pressure put on the solar industry to reduce the cost of generated electricity.
“We are pleased that people recognize what we are trying to do,” continued Nelson. “We have taken up the gauntlet thrown down by (US Energy Secretary) Steven Chu to reduce the cost of solar power to $1 per kilowatt hour. The increased efficiency of the 3-dimensional solar cell, coupled with decreased costs of production we are designing in, will reduce the cost considerably.”
As the Company nears the completion of its prototype in the fourth quarter, management will seek a fabrication partner, most likely in the semiconductor industry, who will participate in bringing the product to market.
City of Coachella and Its Partners Complete CPV Solar Power Plant at Water Reclamation Facility
COACHELLA, Calif.--(BUSINESS WIRE)--The City of Coachella announced today that a 420 kW concentrator photovoltaic (CPV) power plant at the City Coachella Water Reclamation Plant has been completed. The solar power installation was developed by Johnson Controls and Solar Power Partners (SPP) using 55 SolFocus SF-1100S tracking CPV systems, and will be unveiled by Coachella at 11 a.m. local time today. The installation will offset 40 percent of the reclamation plant’s daytime energy consumption. The plant has been built on disturbed land which had limited potential use until the City envisioned employing this land for renewable power generation, which would help the City reduce operating costs and its carbon footprint. Using an innovative financing structure, the City leased the land to Solar Power Partners, Inc., who financed and owns the project, and will operate the plant, selling electricity to the Water Reclamation Plant under a long-term power purchase agreement. The project was originated by Johnson Controls who is also designing and constructing the facility under contract with SPP. The plant is connected to the regional electrical grid serviced by the Imperial Irrigation District (IID).
“In Coachella, we have a firm, ongoing commitment to enhancing the City’s infrastructure to accommodate growth and improve the quality of services for our residents and businesses,” said Mayor Eduardo Garcia. “By installing the new solar energy system utilizing the latest technology available at our water reclamation facility, the City and SPP will power this critical city resource in a manner that will greatly reduce our operating expenses and help our environment at the same time. I’m proud of our team here at the City and our project partners for all the effort and support they have provided to enable us to celebrate this transition to clean, renewable power at the plant.”
“It’s exciting to see innovative projects like this new solar plant at the Coachella water plant,” said Congresswoman Mary Bono Mack, who represents California's 45th district. “By making better use of our region’s abundant solar resources we can help achieve stronger American energy security and reduce our dangerous dependence on unstable foreign oil supplies.”
“This solar plant by Solar Power Partners, Johnson Controls, and SolFocus exemplifies the kind of visionary renewable energy development that will bring jobs and clean energy to our desert communities and the state of California,” said Assemblyman V. Manuel Perez (Assembly District 80).
According to the U.S. Environmental Protection Agency, energy costs can account for 30 percent of the total operation and maintenance costs of wastewater treatment plants, which account for approximately 3 percent of the electric load in the United States. Demand for electricity at such plants is expected to grow by approximately 20 percent over the next 15 years.1
“The Coachella Water Reclamation Plant is a prime example of how California can reduce its dependence on traditional energy sources and incorporate renewable energy for its power needs,” said Claudio Andreetta, Regional VP and GM, Energy Solutions at Johnson Controls. “Johnson Controls strives to deliver solutions that reduce carbon dioxide emissions as well as develop and build projects that make energy efficiency and sustainability a top priority.”
“Through such projects, IID continues to demonstrate it is a committed partner in the growth and development of renewable energy within our service area. IID’s Solar Solutions Program serves as a powerful tool to government entities, like the City of Coachella, in helping to meet environmental goals and reducing long-term costs,” said John Pierre Menvielle, vice president of the IID board of directors.
“This project exemplifies how smart public policies are encouraging the deployment of solar projects. Under Senate Bill 1 the ‘Go Solar California’ initiative laid the foundation for programs like IID’s Public Benefits Charge, to fund solar incentive programs,” commented SolFocus CEO Mark Crowley. “The leadership of the City of Coachella, IID, Johnson Controls, and Solar Power Partners are advancing renewable energy production in the State, to make California’s renewable energy goals a reality.”
“Solar Power Partners is proud to be working with the City of Coachella to bring solar-generated energy to their Water Reclamation Plant. As a recipient of the California Association of Sanitation Agencies’ 2009 Capital Improvement Award for another water treatment plant’s solar project, we are thrilled to bring this highly innovative and leading-edge solution to Coachella’s Water Reclamation Plant and to be working with the City to help them with their energy and environmental goals,” said Bob Powell, CEO of Solar Power Partners.
SolFocus CPV technology employs a system of patented reflective optics to concentrate sunlight 650 times onto small, highly efficient solar cells. The SolFocus SF-1100S system being deployed at the water reclamation plant features dual-axis tracking for consistent energy delivery. It also offers environmental benefits including no water usage for energy production, a small land footprint with dual use potential, and no permanent shadowing or wildlife corridor disruption. Additionally, SolFocus CPV provides the shortest energy payback and lowest greenhouse gas (GHG) intensity of any solar technology. In solar-rich regions like Coachella, SolFocus CPV technology yields significantly more energy than other technologies with an extremely light environmental footprint.
“In Coachella, we have a firm, ongoing commitment to enhancing the City’s infrastructure to accommodate growth and improve the quality of services for our residents and businesses,” said Mayor Eduardo Garcia. “By installing the new solar energy system utilizing the latest technology available at our water reclamation facility, the City and SPP will power this critical city resource in a manner that will greatly reduce our operating expenses and help our environment at the same time. I’m proud of our team here at the City and our project partners for all the effort and support they have provided to enable us to celebrate this transition to clean, renewable power at the plant.”
“It’s exciting to see innovative projects like this new solar plant at the Coachella water plant,” said Congresswoman Mary Bono Mack, who represents California's 45th district. “By making better use of our region’s abundant solar resources we can help achieve stronger American energy security and reduce our dangerous dependence on unstable foreign oil supplies.”
“This solar plant by Solar Power Partners, Johnson Controls, and SolFocus exemplifies the kind of visionary renewable energy development that will bring jobs and clean energy to our desert communities and the state of California,” said Assemblyman V. Manuel Perez (Assembly District 80).
According to the U.S. Environmental Protection Agency, energy costs can account for 30 percent of the total operation and maintenance costs of wastewater treatment plants, which account for approximately 3 percent of the electric load in the United States. Demand for electricity at such plants is expected to grow by approximately 20 percent over the next 15 years.1
“The Coachella Water Reclamation Plant is a prime example of how California can reduce its dependence on traditional energy sources and incorporate renewable energy for its power needs,” said Claudio Andreetta, Regional VP and GM, Energy Solutions at Johnson Controls. “Johnson Controls strives to deliver solutions that reduce carbon dioxide emissions as well as develop and build projects that make energy efficiency and sustainability a top priority.”
“Through such projects, IID continues to demonstrate it is a committed partner in the growth and development of renewable energy within our service area. IID’s Solar Solutions Program serves as a powerful tool to government entities, like the City of Coachella, in helping to meet environmental goals and reducing long-term costs,” said John Pierre Menvielle, vice president of the IID board of directors.
“This project exemplifies how smart public policies are encouraging the deployment of solar projects. Under Senate Bill 1 the ‘Go Solar California’ initiative laid the foundation for programs like IID’s Public Benefits Charge, to fund solar incentive programs,” commented SolFocus CEO Mark Crowley. “The leadership of the City of Coachella, IID, Johnson Controls, and Solar Power Partners are advancing renewable energy production in the State, to make California’s renewable energy goals a reality.”
“Solar Power Partners is proud to be working with the City of Coachella to bring solar-generated energy to their Water Reclamation Plant. As a recipient of the California Association of Sanitation Agencies’ 2009 Capital Improvement Award for another water treatment plant’s solar project, we are thrilled to bring this highly innovative and leading-edge solution to Coachella’s Water Reclamation Plant and to be working with the City to help them with their energy and environmental goals,” said Bob Powell, CEO of Solar Power Partners.
SolFocus CPV technology employs a system of patented reflective optics to concentrate sunlight 650 times onto small, highly efficient solar cells. The SolFocus SF-1100S system being deployed at the water reclamation plant features dual-axis tracking for consistent energy delivery. It also offers environmental benefits including no water usage for energy production, a small land footprint with dual use potential, and no permanent shadowing or wildlife corridor disruption. Additionally, SolFocus CPV provides the shortest energy payback and lowest greenhouse gas (GHG) intensity of any solar technology. In solar-rich regions like Coachella, SolFocus CPV technology yields significantly more energy than other technologies with an extremely light environmental footprint.
Green Mountain Energy Company Launches Renewable Rewards® Solar Lease Program in Texas
AUSTIN, Texas--(BUSINESS WIRE)--Green Mountain Energy Company is making it easy and affordable for residential customers in Texas to install solar arrays on their homes. The company today launched Renewable Rewards® Solar Lease to encourage the use of residential solar power across Texas.
“Renewable Rewards Solar Lease provides a complete and easy solution that is perfect for customers interested in installing solar on their homes without paying high upfront costs or worrying about the ongoing care and maintenance of the equipment.” said Paul Markovich, president, Residential Services, Green Mountain Energy Company. “We help Green Mountain customers make financing, installation, service, support and maintenance of their solar arrays as easy as can be. It’s a tangible and hassle-free way for Texas homeowners to support renewable energy and inspire more solar adoption in their communities.”
Renewable Rewards® Solar Lease Program
The innovative offer consists of four distinct features that make the program unique:
1. A Flexible and Straightforward Lease that includes all installation and maintenance costs, and can be structured to meet the financial requirements of individual homeowners. Flexible terms avoid high up-front costs and offer affordable monthly payments that meet the financial requirements of the individual homeowner. The lease lasts 20 years, is fully transferable, and can be pre-paid at any time.
2. Care-Free Service that provides all installation, support and maintenance costs and services. The lease eliminates the hassles of ownership by covering all installation and equipment servicing costs, and warranties. It also includes a website that enables the homeowner to observe the amount of energy generated by the solar array in real-time.
3. A generous excess energy buy-back program. Once enrolled in the Green Mountain Renewable Rewards Buy-Back program, Solar Lease customers will be generously paid for excess energy they send to the electricity grid (see Renewable Rewards Buy-Back Program below).
4. An on-going Green Mountain contribution to the Big Texas Sun Club on behalf of the Renewable Rewards Solar Lease customer. Green Mountain will contribute $5 per month to the Big Texas Sun Club on behalf of every Renewable Rewards Solar Lease customer. Those funds are used to finance the installation of solar arrays on non-profit organizations across Texas. The contribution increases the impact of the Renewable Reward Solar Lease customer on the state’s adoption of solar in a meaningful and tangible way. The Big Texas Sun Club launched in 2002 and has installed nearly 30 solar arrays on non-profit organizations across Texas.
How to Enroll
Enrolling in the Renewable Rewards Solar Lease program is easy.
* The homeowner calls Green Mountain to determine if their home is a potential site for solar power.
* An on-site visit is then conducted at the home to learn more about the design of their home, energy usage and lifestyle.
* A solar design and financing proposal is developed that reflects the homeowner’s individual energy and financial requirements.
Texas residents who want to learn about or enroll in Renewable Rewards Solar Lease can call 1-800-254-0949 or visit www.greenmountain.com/solar.
Criteria to Participate in Renewable Rewards Solar Lease program
The Renewable Rewards Solar Lease program is available to all current and future Green Mountain customers in Texas who meet the leasing program requirements and enroll in Renewable Rewards Buy-Back program (See requirements below).
Renewable Rewards Buy-Back Program
Green Mountain’s Renewable Rewards Buy-Back program is available to all current and future Green Mountain customers in Texas who generate solar and wind electricity at their homes and rewards them for all excess energy that their qualifying facility sends to the electricity grid. For the first 500 kilowatt hours (kWh) per month of excess energy, Green Mountain pays the same per kWh rate as the Renewable Rewards electricity rate for the power that a home uses. For any excess energy beyond 500 kWh per month, the buy-back rate is reduced by 50 percent. The Renewable Rewards electricity product is made from 100% Texas wind and has no term commitment.
“Renewable Rewards Solar Lease provides a complete and easy solution that is perfect for customers interested in installing solar on their homes without paying high upfront costs or worrying about the ongoing care and maintenance of the equipment.” said Paul Markovich, president, Residential Services, Green Mountain Energy Company. “We help Green Mountain customers make financing, installation, service, support and maintenance of their solar arrays as easy as can be. It’s a tangible and hassle-free way for Texas homeowners to support renewable energy and inspire more solar adoption in their communities.”
Renewable Rewards® Solar Lease Program
The innovative offer consists of four distinct features that make the program unique:
1. A Flexible and Straightforward Lease that includes all installation and maintenance costs, and can be structured to meet the financial requirements of individual homeowners. Flexible terms avoid high up-front costs and offer affordable monthly payments that meet the financial requirements of the individual homeowner. The lease lasts 20 years, is fully transferable, and can be pre-paid at any time.
2. Care-Free Service that provides all installation, support and maintenance costs and services. The lease eliminates the hassles of ownership by covering all installation and equipment servicing costs, and warranties. It also includes a website that enables the homeowner to observe the amount of energy generated by the solar array in real-time.
3. A generous excess energy buy-back program. Once enrolled in the Green Mountain Renewable Rewards Buy-Back program, Solar Lease customers will be generously paid for excess energy they send to the electricity grid (see Renewable Rewards Buy-Back Program below).
4. An on-going Green Mountain contribution to the Big Texas Sun Club on behalf of the Renewable Rewards Solar Lease customer. Green Mountain will contribute $5 per month to the Big Texas Sun Club on behalf of every Renewable Rewards Solar Lease customer. Those funds are used to finance the installation of solar arrays on non-profit organizations across Texas. The contribution increases the impact of the Renewable Reward Solar Lease customer on the state’s adoption of solar in a meaningful and tangible way. The Big Texas Sun Club launched in 2002 and has installed nearly 30 solar arrays on non-profit organizations across Texas.
How to Enroll
Enrolling in the Renewable Rewards Solar Lease program is easy.
* The homeowner calls Green Mountain to determine if their home is a potential site for solar power.
* An on-site visit is then conducted at the home to learn more about the design of their home, energy usage and lifestyle.
* A solar design and financing proposal is developed that reflects the homeowner’s individual energy and financial requirements.
Texas residents who want to learn about or enroll in Renewable Rewards Solar Lease can call 1-800-254-0949 or visit www.greenmountain.com/solar.
Criteria to Participate in Renewable Rewards Solar Lease program
The Renewable Rewards Solar Lease program is available to all current and future Green Mountain customers in Texas who meet the leasing program requirements and enroll in Renewable Rewards Buy-Back program (See requirements below).
Renewable Rewards Buy-Back Program
Green Mountain’s Renewable Rewards Buy-Back program is available to all current and future Green Mountain customers in Texas who generate solar and wind electricity at their homes and rewards them for all excess energy that their qualifying facility sends to the electricity grid. For the first 500 kilowatt hours (kWh) per month of excess energy, Green Mountain pays the same per kWh rate as the Renewable Rewards electricity rate for the power that a home uses. For any excess energy beyond 500 kWh per month, the buy-back rate is reduced by 50 percent. The Renewable Rewards electricity product is made from 100% Texas wind and has no term commitment.
Solar Energy Executives Release Recommendations to Industry and Government
NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--The global solar industry has reached heights only dimly imaginable a decade ago, but has much progress to make before it is an integral part of the world’s energy system, according to the participants in Bloomberg New Energy Finance’s first Solar Leadership Forum.
The Forum brought together 50 senior solar industry decision-makers in Napa, California, as part of Bloomberg New Energy Finance’s series of exclusive gatherings for industry thought leaders in clean energy and the carbon markets. It assembled over 20 chief executives of solar companies from the US, Europe, United Arab Emirates, China, and Taiwan alongside utility leaders, international organization sector experts, and senior policymakers. The group debated the future for the solar industry – attempting to look 3-5 years out and further.
The Results Book is being published today in conjunction with Solar Leadership Forum Partners AREVA Renewables and Ernst & Young. It outlines the long-term, essential milestones which the solar industry must achieve in order to continue its growth and development in coming decades. Key findings of the Solar Leadership Forum include:
* The industry still requires market support mechanisms, in the form of public policy and financial incentives, in order to maintain current growth rates. However, all of the participants agreed that excessively generous incentives are a thing of the past, and in fact are not desired by most in the market. Stability, not generosity, is paramount for solar industry support mechanisms.
* Technological innovation is essential to ensure further sector growth and energy market penetration, and it is also inevitable, as innovation is hard-wired into the solar industry’s core processes. Market participants are relentlessly pursuing improvements and refinements at the device, project, and system level, and will continue to do so in response to competition and declining levels of incentive.
* No single technology or business model has emerged to dominate the global market, nor is one likely to. The photovoltaic and solar thermal electricity generation markets will support many different technologies as their characteristics fit different applications, although some technologies will fare much better than others. A point repeatedly made was that static business approaches will not dominate dynamic markets.
“The solar industry is in perpetual growth mode, yet for every expansion and every milestone, it still forms only a modest part of the energy economy,” said Nathaniel Bullard, Lead Analyst for Solar at Bloomberg New Energy Finance. “The challenge for solar is to remain nimble enough to exploit changing markets, while driving relentlessly for cost reductions and device and system improvements. In addition, the sector needs to work closely with other parts of the power industry to figure out how to push solar further up the electricity merit order in each individual regional market.”
“Innovation and commercialization are tied together,” said Bill Gallo, CEO of AREVA Solar. “The concentrated solar thermal industry must continue to innovate while we commercialize, deploy and scale our technologies. This will drive us to grid parity, which is more than just the price of electricity. Grid parity is about stability, reliability and the true costs of land, water and emissions. These are among the key factors that will determine our success as an industry and our ability to play a larger role in energy markets around the world.”
Gil Forer, Global Cleantech Director at Ernst & Young, remarked: “The recent events in the Middle East and Japan have led governments and corporations alike to reassess how to optimize their energy mix. Solar will be an increasingly important component of the energy mix at both the national and company levels as distributed generation becomes more attractive and solar costs and operational efficiencies improve through continuous innovation and growing scale of manufacturing.”
The full Results Book is available for download at http://www.bnef.com/WhitePapers/download/39.
The Forum brought together 50 senior solar industry decision-makers in Napa, California, as part of Bloomberg New Energy Finance’s series of exclusive gatherings for industry thought leaders in clean energy and the carbon markets. It assembled over 20 chief executives of solar companies from the US, Europe, United Arab Emirates, China, and Taiwan alongside utility leaders, international organization sector experts, and senior policymakers. The group debated the future for the solar industry – attempting to look 3-5 years out and further.
The Results Book is being published today in conjunction with Solar Leadership Forum Partners AREVA Renewables and Ernst & Young. It outlines the long-term, essential milestones which the solar industry must achieve in order to continue its growth and development in coming decades. Key findings of the Solar Leadership Forum include:
* The industry still requires market support mechanisms, in the form of public policy and financial incentives, in order to maintain current growth rates. However, all of the participants agreed that excessively generous incentives are a thing of the past, and in fact are not desired by most in the market. Stability, not generosity, is paramount for solar industry support mechanisms.
* Technological innovation is essential to ensure further sector growth and energy market penetration, and it is also inevitable, as innovation is hard-wired into the solar industry’s core processes. Market participants are relentlessly pursuing improvements and refinements at the device, project, and system level, and will continue to do so in response to competition and declining levels of incentive.
* No single technology or business model has emerged to dominate the global market, nor is one likely to. The photovoltaic and solar thermal electricity generation markets will support many different technologies as their characteristics fit different applications, although some technologies will fare much better than others. A point repeatedly made was that static business approaches will not dominate dynamic markets.
“The solar industry is in perpetual growth mode, yet for every expansion and every milestone, it still forms only a modest part of the energy economy,” said Nathaniel Bullard, Lead Analyst for Solar at Bloomberg New Energy Finance. “The challenge for solar is to remain nimble enough to exploit changing markets, while driving relentlessly for cost reductions and device and system improvements. In addition, the sector needs to work closely with other parts of the power industry to figure out how to push solar further up the electricity merit order in each individual regional market.”
“Innovation and commercialization are tied together,” said Bill Gallo, CEO of AREVA Solar. “The concentrated solar thermal industry must continue to innovate while we commercialize, deploy and scale our technologies. This will drive us to grid parity, which is more than just the price of electricity. Grid parity is about stability, reliability and the true costs of land, water and emissions. These are among the key factors that will determine our success as an industry and our ability to play a larger role in energy markets around the world.”
Gil Forer, Global Cleantech Director at Ernst & Young, remarked: “The recent events in the Middle East and Japan have led governments and corporations alike to reassess how to optimize their energy mix. Solar will be an increasingly important component of the energy mix at both the national and company levels as distributed generation becomes more attractive and solar costs and operational efficiencies improve through continuous innovation and growing scale of manufacturing.”
The full Results Book is available for download at http://www.bnef.com/WhitePapers/download/39.
Wednesday, April 27, 2011
Ascent Solar Technologies to Announce First Quarter Fiscal Year 2011 Results April 28, 2011 at 4:30 p.m. EDT
THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, plans to report the financial results for its first quarter 2011 on Thursday, April 28, following the close of market, with a conference call and audio webcast at 4:30 p.m. EDT. Ron Eller, president and chief executive officer, will host the conference call, which will last approximately thirty minutes.
To listen to the conference call, please dial 877-644-1284 if dialing within the US and 707-287-9355 if dialing internationally, or to participate via audio webcast visit www.ascentsolar.com/events. If you wish to listen to a playback of the conference call, you may dial 800-642-1687 within the US or 706-645-9291 if dialing internationally, the conference pass-code is 63186905. The replay will be available two hours after the conference call. The playback will be available through May 8, 2011.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colo. Additional information can be found at www.ascentsolar.com.
To listen to the conference call, please dial 877-644-1284 if dialing within the US and 707-287-9355 if dialing internationally, or to participate via audio webcast visit www.ascentsolar.com/events. If you wish to listen to a playback of the conference call, you may dial 800-642-1687 within the US or 706-645-9291 if dialing internationally, the conference pass-code is 63186905. The replay will be available two hours after the conference call. The playback will be available through May 8, 2011.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colo. Additional information can be found at www.ascentsolar.com.
New Public Park in Nevada Uses Carmanah EverGEN Solar Lights to Illuminate Dog Run
VICTORIA, British Columbia--(BUSINESS WIRE)--Carmanah Technologies (TSX: CMH) is pleased to announce the sale of EverGEN 1520 solar powered lights to a City in the State of Nevada to light a dog park area in a newly developed public park in a deal worth almost $106,000 USD.
The park is brand new and received funding from a Bureau of Land Management sale of public property. Working together with the local municipality, plans for the new park were developed which included using solar powered lights to illuminate the off leash dog run area. The characteristics of the park made accessing grid power difficult from the dog run area. Therefore EverGEN solar powered lights made perfect sense.
The EverGEN 1520 lights are configured with motion sensing that will maximize the amount of light output people (and their canine friends) will enjoy while using the park. The EverGEN 1500-series utilize Carmanah’s patented Energy Management System to ensure long battery life, and maximum light output. The systems will be providing between 3,200 to almost 5,000 lumens output each. With a 5 year limited warranty on the systems, the municipality can be confident that their investment in Carmanah solar powered lights was a wise one.
Ted Lattimore, Carmanah’s CEO, said, “This dog park area is a perfect application for solar powered lights. Ease of installation and the cost savings from not having to access grid power add to the benefits of using solar lighting. It is nice to know that residents will be able to enjoying this new park with their pets under the safety and comfort provided by EverGEN solar powered lights.”
The project was specified by Carmanah lighting agent, Nevada Sales Agency.
The park is brand new and received funding from a Bureau of Land Management sale of public property. Working together with the local municipality, plans for the new park were developed which included using solar powered lights to illuminate the off leash dog run area. The characteristics of the park made accessing grid power difficult from the dog run area. Therefore EverGEN solar powered lights made perfect sense.
The EverGEN 1520 lights are configured with motion sensing that will maximize the amount of light output people (and their canine friends) will enjoy while using the park. The EverGEN 1500-series utilize Carmanah’s patented Energy Management System to ensure long battery life, and maximum light output. The systems will be providing between 3,200 to almost 5,000 lumens output each. With a 5 year limited warranty on the systems, the municipality can be confident that their investment in Carmanah solar powered lights was a wise one.
Ted Lattimore, Carmanah’s CEO, said, “This dog park area is a perfect application for solar powered lights. Ease of installation and the cost savings from not having to access grid power add to the benefits of using solar lighting. It is nice to know that residents will be able to enjoying this new park with their pets under the safety and comfort provided by EverGEN solar powered lights.”
The project was specified by Carmanah lighting agent, Nevada Sales Agency.
GT Solar Receives $218.9 Million Order for Advanced Sapphire Crystallization Furnaces from Guizhou Haotian Optoelectronics Technology Co. LTD
MERRIMACK, N.H.--(BUSINESS WIRE)--GT Solar International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets, today announced that it has received an order for its advanced sapphire crystallization furnaces totaling $218.9 million from Guizhou Haotian Optoelectronics Technology Co. LTD (HTOT). The order marks HTOT’s entrance into the fast-growing LED industry, and continues GT Solar’s market momentum for its sapphire crystalline growth technology based on its advanced sapphire furnace. The order will be included in GT Solar’s backlog for its current Q1 FY12, which ends on July 2, 2011.
“Our entrance into the LED market offers a new strategic growth opportunity for our company and Guiyang City as well as the Guizhou region of China,” said Mr. Hao Xu, chairman of the board of Guizhou Industrial Investment Group. “Our new sapphire production facility will help to stimulate economic growth in the region and establish HTOT as a leading supplier of material to the LED industry. This project requires a technology partner that can deliver reliable, highly productive equipment as well as installation and support know-how to quickly get our new factory up and running. We selected GT Solar because of its leading technology, proven track record, and years of experience enabling cost-effective, high-volume manufacturing.”
“We are pleased that HTOT has selected our advanced sapphire crystallization furnaces and look forward to a long and successful partnership over the coming years,” said Tom Gutierrez, GT Solar’s president and CEO. “We continue to see growing interest from companies looking to enter the fast-growing LED industry. Our sapphire crystal growth technology provides a proven path to producing high quality material, and our global installation and support resources enable our customers to quickly ramp to high volume, low-cost manufacturing.”
GT Solar’s advanced sapphire furnace technology is the result of over 40 years of continual process improvement and development at Crystal Systems, which was acquired by GT Solar in July of 2010. Crystal Systems is recognized as one of the leading providers of quality sapphire material for the LED and specialty optical and mechanical industries.
“Our entrance into the LED market offers a new strategic growth opportunity for our company and Guiyang City as well as the Guizhou region of China,” said Mr. Hao Xu, chairman of the board of Guizhou Industrial Investment Group. “Our new sapphire production facility will help to stimulate economic growth in the region and establish HTOT as a leading supplier of material to the LED industry. This project requires a technology partner that can deliver reliable, highly productive equipment as well as installation and support know-how to quickly get our new factory up and running. We selected GT Solar because of its leading technology, proven track record, and years of experience enabling cost-effective, high-volume manufacturing.”
“We are pleased that HTOT has selected our advanced sapphire crystallization furnaces and look forward to a long and successful partnership over the coming years,” said Tom Gutierrez, GT Solar’s president and CEO. “We continue to see growing interest from companies looking to enter the fast-growing LED industry. Our sapphire crystal growth technology provides a proven path to producing high quality material, and our global installation and support resources enable our customers to quickly ramp to high volume, low-cost manufacturing.”
GT Solar’s advanced sapphire furnace technology is the result of over 40 years of continual process improvement and development at Crystal Systems, which was acquired by GT Solar in July of 2010. Crystal Systems is recognized as one of the leading providers of quality sapphire material for the LED and specialty optical and mechanical industries.
Tuesday, April 26, 2011
Solar Power Goes Viral At MIT
David L. Chandler, MIT News OfficeApril 25, 2011
Researchers at MIT have found a way to make significant improvements to the power-conversion efficiency of solar cells by enlisting the services of tiny viruses to perform detailed assembly work at the microscopic level.
In a solar cell, sunlight hits a light-harvesting material, causing it to release electrons that can be harnessed to produce an electric current. The new MIT research, published online this week in the journal Nature Nanotechnology, is based on findings that carbon nanotubes — microscopic, hollow cylinders of pure carbon — can enhance the efficiency of electron collection from a solar cell's surface.
Previous attempts to use the nanotubes, however, had been thwarted by two problems. First, the making of carbon nanotubes generally produces a mix of two types, some of which act as semiconductors (sometimes allowing an electric current to flow, sometimes not) or metals (which act like wires, allowing current to flow easily). The new research, for the first time, showed that the effects of these two types tend to be different, because the semiconducting nanotubes can enhance the performance of solar cells, but the metallic ones have the opposite effect. Second, nanotubes tend to clump together, which reduces their effectiveness.
And that’s where viruses come to the rescue. Graduate students Xiangnan Dang and Hyunjung Yi — working with Angela Belcher, the W. M. Keck Professor of Energy, and several other researchers — found that a genetically engineered version of a virus called M13, which normally infects bacteria, can be used to control the arrangement of the nanotubes on a surface, keeping the tubes separate so they can’t short out the circuits, and keeping the tubes apart so they don’t clump.
The system the researchers tested used a type of solar cell known as dye-sensitized solar cells, a lightweight and inexpensive type where the active layer is composed of titanium dioxide, rather than the silicon used in conventional solar cells. But the same technique could be applied to other types as well, including quantum-dot and organic solar cells, the researchers say. In their tests, adding the virus-built structures enhanced the power conversion efficiency to 10.6 percent from 8 percent — almost a one-third improvement.
This dramatic improvement takes place even though the viruses and the nanotubes make up only 0.1 percent by weight of the finished cell. “A little biology goes a long way,” Belcher says. With further work, the researchers think they can ramp up the efficiency even further.
The viruses are used to help improve one particular step in the process of converting sunlight to electricity. In a solar cell, the first step is for the energy of the light to knock electrons loose from the solar-cell material (usually silicon); then, those electrons need to be funneled toward a collector, from which they can form a current that flows to charge a battery or power a device. After that, they return to the original material, where the cycle can start again. The new system is intended to enhance the efficiency of the second step, helping the electrons find their way: Adding the carbon nanotubes to the cell “provides a more direct path to the current collector,” Belcher says.
The viruses actually perform two different functions in this process. First, they possess short proteins called peptides that can bind tightly to the carbon nanotubes, holding them in place and keeping them separated from each other. Each virus can hold five to 10 nanotubes, each of which is held firmly in place by about 300 of the virus's peptide molecules. In addition, the virus was engineered to produce a coating of titanium dioxide (TiO2), a key ingredient for dye-sensitized solar cells, over each of the nanotubes, putting the titanium dioxide in close proximity to the wire-like nanotubes that carry the electrons.
The two functions are carried out in succession by the same virus, whose activity is “switched” from one function to the next by changing the acidity of its environment. This switching feature is an important new capability that has been demonstrated for the first time in this research, Belcher says.
In addition, the viruses make the nanotubes soluble in water, which makes it possible to incorporate the nanotubes into the solar cell using a water-based process that works at room temperature.
Prashant Kamat, a professor of chemistry and biochemistry at Notre Dame University who has done extensive work on dye-sensitized solar cells, says that while others have attempted to use carbon nanotubes to improve solar cell efficiency, “the improvements observed in earlier studies were marginal,” while the improvements by the MIT team using the virus assembly method are “impressive.”
“It is likely that the virus template assembly has enabled the researchers to establish a better contact between the TiO2 nanoparticles and carbon nanotubes. Such close contact with TiO2 nanoparticles is essential to drive away the photo-generated electrons quickly and transport it efficiently to the collecting electrode surface.”
Kamat thinks the process could well lead to a viable commercial product: “Dye-sensitized solar cells have already been commercialized in Japan, Korea and Taiwan,” he says. If the addition of carbon nanotubes via the virus process can improve their efficiency, “the industry is likely to adopt such processes.”
Belcher and her colleagues have previously used differently engineered versions of the same virus to enhance the performance of batteries and other devices, but the method used to enhance solar cell performance is quite different, she says.
Because the process would just add one simple step to a standard solar-cell manufacturing process, it should be quite easy to adapt existing production facilities and thus should be possible to implement relatively rapidly, Belcher says.
The research team also included Paula Hammond, the Bayer Professor of Chemical Engineering; Michael Strano, the Charles (1951) and Hilda Roddey Career Development Associate Professor of Chemical Engineering; and four other graduate students and postdoctoral researchers. The work was funded by the Italian company Eni, through the MIT Energy Initiative’s Solar Futures Program.
Trina Solar Announces Sales Agreement with Fotowatio Renewable Ventures
CHANGZHOU, China, April. 26, 2011 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its subsidiary, Trina Solar (U.S.) Inc., has signed a sales agreement to supply solar modules to US-based FRV AE Solar, LLC ("FRV"), a subsidiary of Fotowatio Renewable Ventures, Inc. ("FRV, Inc."), a global independent solar power producer.
Under the terms of the agreement, Trina Solar is expected to supply FRV with approximately 35 MW of the Company's powerful utility-scale solar modules during 2011, at predetermined prices. Delivery is expected to commence in the second quarter of 2011 for one of the largest solar PV systems located just outside of Austin, Texas.
"We are excited to announce our continued collaboration with FRV, a leading global solar industry player, on one of the largest solar photovoltaic projects in the United States," said Ben Hill, Vice President, Sales and Marketing of Trina Solar. "We are pleased to combine our high-wattage, utility scale modules and premium service to deliver cost-effective PV solutions as we expand our strategic relationship with FRV."
Jose Benjumea, CEO of FRV, Inc., added, "Trina Solar is a strategic partner to FRV. We follow a rigorous selection process for our suppliers and Trina Solar continues to meet our standards."
Under the terms of the agreement, Trina Solar is expected to supply FRV with approximately 35 MW of the Company's powerful utility-scale solar modules during 2011, at predetermined prices. Delivery is expected to commence in the second quarter of 2011 for one of the largest solar PV systems located just outside of Austin, Texas.
"We are excited to announce our continued collaboration with FRV, a leading global solar industry player, on one of the largest solar photovoltaic projects in the United States," said Ben Hill, Vice President, Sales and Marketing of Trina Solar. "We are pleased to combine our high-wattage, utility scale modules and premium service to deliver cost-effective PV solutions as we expand our strategic relationship with FRV."
Jose Benjumea, CEO of FRV, Inc., added, "Trina Solar is a strategic partner to FRV. We follow a rigorous selection process for our suppliers and Trina Solar continues to meet our standards."
Intel to Transfer World-Leading Manufacturing Expertise to Accelerate MiaSole Ramp to 150MW
SANTA CLARA, Calif., April 26, 2011 /PRNewswire/ -- MiaSole, the leading manufacturer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels, today announced that it has entered into an agreement with Intel's (NASDAQ: INTC) Technical Manufacturing Services practice.
Under this agreement, Intel will provide customized manufacturing services and systems, strategic consulting, operational knowledge and training to MiaSole as the company ramps its manufacturing facilities in 2011 and 2012.
"The engagement is part of Intel's broader strategy to partner promising high tech innovation with Intel's world class manufacturing and Copy Exactly! methodology. This will enable companies like MiaSole to scale to high volume manufacturing cheaper, faster, and better," commented Brian Krzanich, Senior Vice President and General Manager of Intel's Manufacturing and Supply Chain.
Manufacturing is central to MiaSole's business; the company has increased its annualized production capacity to over 50 Megawatts (MW) in just over a year, and is on-track to triple capacity to over 150 MW by the end of 2011. However, the agreement with Intel – a world-leader in manufacturing with over 40 years of experience – will accelerate the production ramp with improved repeatability and consistency required for high-volume manufacturing. This will further reduce the overall cost of solar energy and broaden its worldwide adoption.
"We are thrilled to learn from Intel's manufacturing expertise. The best technology manufacturer on the planet is now teaching us what it means to be world-class. This contribution will strengthen our goals to achieve manufacturing scale at our California factory this year," said Dr. Joseph Laia, CEO of MiaSole.
Under this agreement, Intel will provide customized manufacturing services and systems, strategic consulting, operational knowledge and training to MiaSole as the company ramps its manufacturing facilities in 2011 and 2012.
"The engagement is part of Intel's broader strategy to partner promising high tech innovation with Intel's world class manufacturing and Copy Exactly! methodology. This will enable companies like MiaSole to scale to high volume manufacturing cheaper, faster, and better," commented Brian Krzanich, Senior Vice President and General Manager of Intel's Manufacturing and Supply Chain.
Manufacturing is central to MiaSole's business; the company has increased its annualized production capacity to over 50 Megawatts (MW) in just over a year, and is on-track to triple capacity to over 150 MW by the end of 2011. However, the agreement with Intel – a world-leader in manufacturing with over 40 years of experience – will accelerate the production ramp with improved repeatability and consistency required for high-volume manufacturing. This will further reduce the overall cost of solar energy and broaden its worldwide adoption.
"We are thrilled to learn from Intel's manufacturing expertise. The best technology manufacturer on the planet is now teaching us what it means to be world-class. This contribution will strengthen our goals to achieve manufacturing scale at our California factory this year," said Dr. Joseph Laia, CEO of MiaSole.
FRV Contracts with RES Americas to Build Landmark Project for Austin Energy
SAN FRANCISCO and BROOMFIELD, Colo., April 26, 2011 /PRNewswire/ -- Fotowatio Renewable Ventures (FRV) announced today that it had closed financing and begun construction on the 30 megawatt (MW) Webberville Solar project, one of the largest solar PV systems in the U.S. The project, which will be located just outside Austin, Texas, is scheduled to be operational by year-end. Renewable Energy Systems Americas Inc. (RES Americas), headquartered in Colorado with an Austin office of 20 employees, has been selected to construct the project and provide operations and maintenance services for the power plant for five years. Once operational, the solar energy from the plant will provide electricity under a long-term power purchase agreement with Austin Energy for 25 years.
"This utility-scale solar deployment is a critical component of Austin's generation diversity and renewable energy goals," said Larry Weis, Austin Energy General Manager. "It is also integral to an overarching transition to a new energy economy and a commitment by the Austin community to take a leadership role in protecting our environment and promoting sustainability."
FRV has partnered with Bayerische Landesbank (BayernLB), which has fully underwritten the construction debt for the project. With this team now in place, the construction of the Webberville Solar project — sited on Austin Energy-owned land in Travis County, approximately 15 miles east of Austin in Webberville, TX — is fully under way. In order to maximize the solar energy output at the site, the solar plant will be constructed by mounting modules on a flat, single-axis tracking system. The project will deploy crystalline 270W photovoltaic modules that FRV procured directly from Trina Solar. The Webberville Solar project will provide enough clean energy to power 5,000 homes, while avoiding the emission of approximately 30,000 tons of CO2 per year.
"Austin Energy's leadership in renewable energy is a superb example for utilities across the country and reflects a strong commitment to their community and environment," said Jose Benjumea, CEO of FRV. "We are very proud to be financing, developing and, now constructing this landmark project." FRV's vice president of development, Tim Lasocki, added, "Austin Energy has been proactive and dedicated to this project and understands the incredible level of effort required to reach the point that we are at today. We believe this will be one of the highest quality solar installations in the United States and we look forward to delivering both economic and environmental benefits to the region."
"We are delighted that FRV selected us to build Webberville Solar, which will help Austin Energy reach their 35% renewable energy goal," said Andrew Fowler, executive vice president of construction of RES Americas, the engineering, procurement, and construction (EPC) contractor for the project. "RES Americas is excited to continue providing jobs and clean, renewable energy to Texas."
"This utility-scale solar deployment is a critical component of Austin's generation diversity and renewable energy goals," said Larry Weis, Austin Energy General Manager. "It is also integral to an overarching transition to a new energy economy and a commitment by the Austin community to take a leadership role in protecting our environment and promoting sustainability."
FRV has partnered with Bayerische Landesbank (BayernLB), which has fully underwritten the construction debt for the project. With this team now in place, the construction of the Webberville Solar project — sited on Austin Energy-owned land in Travis County, approximately 15 miles east of Austin in Webberville, TX — is fully under way. In order to maximize the solar energy output at the site, the solar plant will be constructed by mounting modules on a flat, single-axis tracking system. The project will deploy crystalline 270W photovoltaic modules that FRV procured directly from Trina Solar. The Webberville Solar project will provide enough clean energy to power 5,000 homes, while avoiding the emission of approximately 30,000 tons of CO2 per year.
"Austin Energy's leadership in renewable energy is a superb example for utilities across the country and reflects a strong commitment to their community and environment," said Jose Benjumea, CEO of FRV. "We are very proud to be financing, developing and, now constructing this landmark project." FRV's vice president of development, Tim Lasocki, added, "Austin Energy has been proactive and dedicated to this project and understands the incredible level of effort required to reach the point that we are at today. We believe this will be one of the highest quality solar installations in the United States and we look forward to delivering both economic and environmental benefits to the region."
"We are delighted that FRV selected us to build Webberville Solar, which will help Austin Energy reach their 35% renewable energy goal," said Andrew Fowler, executive vice president of construction of RES Americas, the engineering, procurement, and construction (EPC) contractor for the project. "RES Americas is excited to continue providing jobs and clean, renewable energy to Texas."
Ontario School Board Powers Up with Carmanah for an Additional Solar Grid-Tie System
VICTORIA, British Columbia--(BUSINESS WIRE)--Carmanah Technologies has been awarded a second contract by the Greater Essex County District School Board (GECDSB) of Windsor, Ontario, Canada to provide a solar photovoltaic (PV) system on the new Tecumseh School. The Carmanah solar rooftop ballasted PV system, valued at approximately $580,000 (CDN), will install on the Tecumseh Vista Academy, the School Board’s first K-12 School.
The grid-tied system being installed on the roof of the school’s gymnasium is supported by the Ministry of Education Renewable Energy Funding for Schools program. The system will generate revenue for the district through the Ontario Power Authority’s (OPA) Feed-In Tariff (FIT) Program and will have a 100 kW capacity once complete in August of 2011. The design and construction of the new Tecumseh K-12 School, one of three projects included in the Ministry’s pilot program, will guide future cost benchmarks for all new school construction in the province.
Mohamad Abdel-Nabi, Coordinator of Capital Projects for the Greater Essex County District School Board, comments that the decision to select Carmanah as the engineering, procurement and construction (EPC) contractor of this project was based on Carmanah’s reputation and history of delivering successful rooftop solar systems. “We were looking for a company with the capability to provide competitively priced turn-key solutions that are optimally designed, safely installed and professionally executed. Carmanah has a 10 year history of providing these kinds of services in Canada, including the Dr. David Suzuki Public School PV system that was installed last year.”
Carmanah will outfit the school with a real time data monitoring system that will provide metrics for the Board’s energy management plan for the district as well as serving as an educational tool for students. In 2010, a similar monitoring system was incorporated in the neighbouring Dr. David Suzuki Public School where Carmanah’s solar array supported the School’s goal of obtaining LEED Platinum certification. Dr. David Suzuki Public School represented the first public school in Canada to achieve Platinum LEED certification.
“Providing an opportunity to pair students with solar technology at work is valuable for both our industry and environment,” comments Ted Lattimore, CEO, Carmanah. “We are delighted to build on our previous success with the school board and admire Greater Essex County’s commitment to sustainable technology.”
Suitably, this project is announced prior to the Canadian Solar Industries Association (CanSIA) annual Solar Ontario Conference held in the School Board’s own backyard of Windsor. Carmanah will be represented at the CanSIA show on May 5 – 6th, 2011 at booth #102.
For more information on this or other solar grid-tie applications within Canada, contact Richard Wayte at rwayte@carmanah.com, or visit Carmanah at carmanah.com.
The grid-tied system being installed on the roof of the school’s gymnasium is supported by the Ministry of Education Renewable Energy Funding for Schools program. The system will generate revenue for the district through the Ontario Power Authority’s (OPA) Feed-In Tariff (FIT) Program and will have a 100 kW capacity once complete in August of 2011. The design and construction of the new Tecumseh K-12 School, one of three projects included in the Ministry’s pilot program, will guide future cost benchmarks for all new school construction in the province.
Mohamad Abdel-Nabi, Coordinator of Capital Projects for the Greater Essex County District School Board, comments that the decision to select Carmanah as the engineering, procurement and construction (EPC) contractor of this project was based on Carmanah’s reputation and history of delivering successful rooftop solar systems. “We were looking for a company with the capability to provide competitively priced turn-key solutions that are optimally designed, safely installed and professionally executed. Carmanah has a 10 year history of providing these kinds of services in Canada, including the Dr. David Suzuki Public School PV system that was installed last year.”
Carmanah will outfit the school with a real time data monitoring system that will provide metrics for the Board’s energy management plan for the district as well as serving as an educational tool for students. In 2010, a similar monitoring system was incorporated in the neighbouring Dr. David Suzuki Public School where Carmanah’s solar array supported the School’s goal of obtaining LEED Platinum certification. Dr. David Suzuki Public School represented the first public school in Canada to achieve Platinum LEED certification.
“Providing an opportunity to pair students with solar technology at work is valuable for both our industry and environment,” comments Ted Lattimore, CEO, Carmanah. “We are delighted to build on our previous success with the school board and admire Greater Essex County’s commitment to sustainable technology.”
Suitably, this project is announced prior to the Canadian Solar Industries Association (CanSIA) annual Solar Ontario Conference held in the School Board’s own backyard of Windsor. Carmanah will be represented at the CanSIA show on May 5 – 6th, 2011 at booth #102.
For more information on this or other solar grid-tie applications within Canada, contact Richard Wayte at rwayte@carmanah.com, or visit Carmanah at carmanah.com.
Wells Fargo to Fund $120 Million in U.S. Solar Projects Developed by SunEdison
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) and SunEdison LLC, a subsidiary of MEMC Electronic Materials (NYSE: WFR), today announced an agreement by which Wells Fargo subsidiaries will invest up to $120 million to fund U.S. solar photovoltaic distributed generation power projects developed by SunEdison over the next year. The program builds on a SunEdison solar investment fund established in 2007 in which Wells Fargo invested more than $200 million in approximately 150 solar projects developed by SunEdison in eight states.
"Wells Fargo is excited to continue our relationship with SunEdison and expand our commitment to grow the U.S. solar market," said Barry Neal, head of Wells Fargo's Environmental Finance Group. "The solar projects developed by SunEdison will help businesses and public entities better control their electricity costs, while expanding the use of renewable energy throughout the U.S."
Financing provided by Wells Fargo will enable SunEdison to cost-effectively provide a clean and reliable source of electricity to its customers, including corporations and municipalities. Under the power purchase agreement (PPA) model, SunEdison builds, manages, and operates the solar systems while its customers buy the energy produced at prices at or below retail rates. This allows customers to avoid upfront costs typically associated with solar projects.
"SunEdison makes investing in solar a smart choice," said Chris Bailey, SunEdison vice president of Project Finance, North America. “SunEdison has the experience and know-how that project investors and customers trust. SunEdison looks forward to growing its relationship with Wells Fargo as we continue to make solar a reality for our customers across the nation."
SunEdison, a leading worldwide solar energy services provider, has deployed over 400 solar projects totaling over 160MW in North America, and has developed over 100MW outside of North America.
Wells Fargo has provided more than $2 billion in tax equity financing for renewable energy projects since 2006, including funding for 30 wind projects, over 200 commercial-scale solar projects and one utility-scale solar thermal project.
"Wells Fargo is excited to continue our relationship with SunEdison and expand our commitment to grow the U.S. solar market," said Barry Neal, head of Wells Fargo's Environmental Finance Group. "The solar projects developed by SunEdison will help businesses and public entities better control their electricity costs, while expanding the use of renewable energy throughout the U.S."
Financing provided by Wells Fargo will enable SunEdison to cost-effectively provide a clean and reliable source of electricity to its customers, including corporations and municipalities. Under the power purchase agreement (PPA) model, SunEdison builds, manages, and operates the solar systems while its customers buy the energy produced at prices at or below retail rates. This allows customers to avoid upfront costs typically associated with solar projects.
"SunEdison makes investing in solar a smart choice," said Chris Bailey, SunEdison vice president of Project Finance, North America. “SunEdison has the experience and know-how that project investors and customers trust. SunEdison looks forward to growing its relationship with Wells Fargo as we continue to make solar a reality for our customers across the nation."
SunEdison, a leading worldwide solar energy services provider, has deployed over 400 solar projects totaling over 160MW in North America, and has developed over 100MW outside of North America.
Wells Fargo has provided more than $2 billion in tax equity financing for renewable energy projects since 2006, including funding for 30 wind projects, over 200 commercial-scale solar projects and one utility-scale solar thermal project.
Amtech Appoints Dr. James Hwang as Chief Technology Officer and Dr. SooKap Hahn to Board of Directors
TEMPE, Ariz.--(BUSINESS WIRE)--Amtech Systems, Inc. (NASDAQ: ASYS), a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and sapphire and silicon wafers, today announced the appointment of Dr. James (Jeong Mo) Hwang, Ph.D., as Vice President, Chief Technology Officer and Dr. SooKap Hahn to its Board of Directors.
Dr. Hwang has more than 22 years of semiconductor and solar industry experience with career highlights in semiconductor device and process technologies, including crystalline silicon solar cell research and development. He has previously served in senior engineering positions with Westinghouse R&D Center and Texas Instruments, senior management positions with Simtek Corporation and Spansion, and executive management positions including VP with LG Semicon Company and Executive VP of R&D with Dongbu-Anam Semiconductor, both based in Korea. Dr. Hwang has authored and co-authored more than 30 journal and conference papers related to the semiconductor and solar cell areas. He received a Ph.D. degree in Electrical Engineering from Arizona State University. Dr. Hwang has served the last two years on Amtech’s Board of Directors.
Dr. Hahn brings more than 30 years of semiconductor experience to Amtech’s board. He obtained his M.S. and Ph.D. degrees in Materials Science and Engineering from Stanford University in 1975 and 1978, respectively, and in 1991 joined Stanford University’s faculty as a consulting professor. His career also includes senior management positions at Siltec Corporation and LG Siltron (a Korean wafer manufacturing company). In 1994, he started a high technology consulting company and has been carrying out various high technology transfer projects between the USA and Pacific Rim countries. He has organized more than 25 national and international technical symposia on CMP, Defect Engineering, Materials Characterization, Wafers, SOI (Silicon-On-Insulator) and Wafer Cleaning. He was a distinguished guest professor at Helsinki University in 1986 and at Universidade de Sao Paulo in Sao Paulo, Brazil in 1994 and 1995. He was also a technical advisor for the Ministry of Science and Technology in Brazil in 1995 and 1996. Dr. Hahn established a start-up company, SKW Associates, Inc. in 1997, which is providing standard characterization products for the chemical-mechanical polishing process used in the semiconducting manufacturing industry.
J.S. Whang, Chairman and Chief Executive Officer of Amtech, commented “Dr. Hwang’s extensive technology experience has been a valuable asset to our board and will now be even more valuable as he assumes day-to-day responsibility for the key technology projects we are pursuing as we continue our efforts to expand and enhance our solar product offerings and become increasingly technology focused. His tremendous knowledge of semiconductor device physics and process technologies will greatly benefit our ability to further adapt from semiconductor technology and continue to grow and improve our solar capabilities, with the goal of helping our customers increase the efficiency of their solar cells.
“I am very pleased to have Dr. Hahn join our board and further strengthen our technology bench. His tremendous experience in the semiconductor industry, including R&D projects and materials expertise, will be a valuable asset to our board as we continue to pursue technology solutions for our solar customers. With these latest changes in our management and board, I believe we are well positioned to continue successful execution of our growth strategies.”
Dr. Hwang has more than 22 years of semiconductor and solar industry experience with career highlights in semiconductor device and process technologies, including crystalline silicon solar cell research and development. He has previously served in senior engineering positions with Westinghouse R&D Center and Texas Instruments, senior management positions with Simtek Corporation and Spansion, and executive management positions including VP with LG Semicon Company and Executive VP of R&D with Dongbu-Anam Semiconductor, both based in Korea. Dr. Hwang has authored and co-authored more than 30 journal and conference papers related to the semiconductor and solar cell areas. He received a Ph.D. degree in Electrical Engineering from Arizona State University. Dr. Hwang has served the last two years on Amtech’s Board of Directors.
Dr. Hahn brings more than 30 years of semiconductor experience to Amtech’s board. He obtained his M.S. and Ph.D. degrees in Materials Science and Engineering from Stanford University in 1975 and 1978, respectively, and in 1991 joined Stanford University’s faculty as a consulting professor. His career also includes senior management positions at Siltec Corporation and LG Siltron (a Korean wafer manufacturing company). In 1994, he started a high technology consulting company and has been carrying out various high technology transfer projects between the USA and Pacific Rim countries. He has organized more than 25 national and international technical symposia on CMP, Defect Engineering, Materials Characterization, Wafers, SOI (Silicon-On-Insulator) and Wafer Cleaning. He was a distinguished guest professor at Helsinki University in 1986 and at Universidade de Sao Paulo in Sao Paulo, Brazil in 1994 and 1995. He was also a technical advisor for the Ministry of Science and Technology in Brazil in 1995 and 1996. Dr. Hahn established a start-up company, SKW Associates, Inc. in 1997, which is providing standard characterization products for the chemical-mechanical polishing process used in the semiconducting manufacturing industry.
J.S. Whang, Chairman and Chief Executive Officer of Amtech, commented “Dr. Hwang’s extensive technology experience has been a valuable asset to our board and will now be even more valuable as he assumes day-to-day responsibility for the key technology projects we are pursuing as we continue our efforts to expand and enhance our solar product offerings and become increasingly technology focused. His tremendous knowledge of semiconductor device physics and process technologies will greatly benefit our ability to further adapt from semiconductor technology and continue to grow and improve our solar capabilities, with the goal of helping our customers increase the efficiency of their solar cells.
“I am very pleased to have Dr. Hahn join our board and further strengthen our technology bench. His tremendous experience in the semiconductor industry, including R&D projects and materials expertise, will be a valuable asset to our board as we continue to pursue technology solutions for our solar customers. With these latest changes in our management and board, I believe we are well positioned to continue successful execution of our growth strategies.”
BioSolar Launches BioBacksheet Volume Sampling Program
SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic (PV) solar modules, reported that the company recently launched a volume sampling program intended to shorten the preparation time for PV panel manufacturers prior to submitting their PV panels for Underwriters Laboratories Inc. (UL) certification or recertification under UL1703.
The BioBacksheet product has officially obtained UL material certification, and a long term test by UL to determine the relative thermal index (RTI) of the material is in progress. After RTI determination, PV manufacturers can then submit their full BioBacksheet solar panel for further certification. BioSolar’s volume sampling program enables manufacturers to start preparing their panels for certification early, thus allowing them to submit completed PV panel samples for UL certification more quickly.
“After confirmation of our UL material certification in February, there has been a surge in interest from PV panel manufacturers around the world that want to use BioBacksheet in their solar panels,” said Dr. Stanley Levy, Chief Technology Officer of BioSolar. “We have been busy fulfilling manufacturers’ requests for modest quantities of samples for internal testing.”
Dr. Levy commented further, “The results from the small sample testing have been very positive and manufacturers are now asking for larger quantities for use in their commercial production lines. This will reduce the time it takes to produce commercial quantities of BioBacksheet based solar panels after full panel UL certification. We anticipate that full panel UL certification will be merely procedural for the majority of manufacturers after UL publishes the preliminary RTI value for BioBacksheet.”
The company reports that a number of PV panel manufacturers are currently taking advantage of the volume sampling program and have started preparing their solar panels with BioBacksheet.
The BioBacksheet product has officially obtained UL material certification, and a long term test by UL to determine the relative thermal index (RTI) of the material is in progress. After RTI determination, PV manufacturers can then submit their full BioBacksheet solar panel for further certification. BioSolar’s volume sampling program enables manufacturers to start preparing their panels for certification early, thus allowing them to submit completed PV panel samples for UL certification more quickly.
“After confirmation of our UL material certification in February, there has been a surge in interest from PV panel manufacturers around the world that want to use BioBacksheet in their solar panels,” said Dr. Stanley Levy, Chief Technology Officer of BioSolar. “We have been busy fulfilling manufacturers’ requests for modest quantities of samples for internal testing.”
Dr. Levy commented further, “The results from the small sample testing have been very positive and manufacturers are now asking for larger quantities for use in their commercial production lines. This will reduce the time it takes to produce commercial quantities of BioBacksheet based solar panels after full panel UL certification. We anticipate that full panel UL certification will be merely procedural for the majority of manufacturers after UL publishes the preliminary RTI value for BioBacksheet.”
The company reports that a number of PV panel manufacturers are currently taking advantage of the volume sampling program and have started preparing their solar panels with BioBacksheet.
Petra Solar Chief Technology Officer to Present at Networked Grid Conference
SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--Petra Solar, a NJ based clean technology company committed to advancing global production of renewable energy, helping utility companies develop a smarter and more stable electric grid, and creating jobs in clean energy, announced that its Chief Technology Officer, Dr. Johan Enslin, Pr. Eng., will be presenting at the Networked Grid. The conference takes place in San Francisco, CA on May 3-4, 2011.
On Day One of the conference, Dr. Enslin will join grid management experts to discuss the changing dynamics of the electric grid and the need for intelligent, fast responding and high performance equipment driven by advanced power electronics. This panel on “The Emergence of Next-Generation Power Electronics for Grid Optimization, Monitoring and Actuation” will be part of Track 1 and will take place from 2:45pm-3:45pm on May 3rd.
“Dr. Enslin’s insight and experiences in transmission and distribution planning, power electronics, and both wind and solar renewable integration have been key contributors to Petra Solar’s success. We are very pleased that he will be presenting at the conference. Dr. Enslin will be available throughout the event to discuss Petra Solar’s unique and innovative SunWave™ system which combines solar energy generation with smart grid technology that improves the reliability and efficiency of the national utility grid,” said Dr. Shihab Kuran, Petra Solar President and CEO.
Dr. Enslin has combined a 29-year career with leadership activities in industry and in higher education in the United States, Europe and South Africa. He has served as an executive and consultant for private business operations and as a professor in electrical and electronic engineering. He has initiated and managed renewable energy groups and executed multiple projects for U.S. and international customers in system planning, power electronics and renewable energy integration. Throughout his career, he has performed work for more than 80 U.S., European, Asian and African power utilities, governments and industries.
Greentech Media will host Networked Grid at the Mission Bay Conference Center in San Francisco on May 3-4, 2011. Additional panel speakers at the event will include CEOs and CTOs of solar and smart grid companies, heads of industry trade organizations, and executives from major utilities.
Visit the event website at: http://www.greentechmedia.com/events/live/networked-grid-2011 for more information and to register.
On Day One of the conference, Dr. Enslin will join grid management experts to discuss the changing dynamics of the electric grid and the need for intelligent, fast responding and high performance equipment driven by advanced power electronics. This panel on “The Emergence of Next-Generation Power Electronics for Grid Optimization, Monitoring and Actuation” will be part of Track 1 and will take place from 2:45pm-3:45pm on May 3rd.
“Dr. Enslin’s insight and experiences in transmission and distribution planning, power electronics, and both wind and solar renewable integration have been key contributors to Petra Solar’s success. We are very pleased that he will be presenting at the conference. Dr. Enslin will be available throughout the event to discuss Petra Solar’s unique and innovative SunWave™ system which combines solar energy generation with smart grid technology that improves the reliability and efficiency of the national utility grid,” said Dr. Shihab Kuran, Petra Solar President and CEO.
Dr. Enslin has combined a 29-year career with leadership activities in industry and in higher education in the United States, Europe and South Africa. He has served as an executive and consultant for private business operations and as a professor in electrical and electronic engineering. He has initiated and managed renewable energy groups and executed multiple projects for U.S. and international customers in system planning, power electronics and renewable energy integration. Throughout his career, he has performed work for more than 80 U.S., European, Asian and African power utilities, governments and industries.
Greentech Media will host Networked Grid at the Mission Bay Conference Center in San Francisco on May 3-4, 2011. Additional panel speakers at the event will include CEOs and CTOs of solar and smart grid companies, heads of industry trade organizations, and executives from major utilities.
Visit the event website at: http://www.greentechmedia.com/events/live/networked-grid-2011 for more information and to register.
Monday, April 25, 2011
Trina Solar Announces Conference Call to Discuss First Quarter 2011 Results
CHANGZHOU, China, April 25, 2011 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced today it will host a conference call at 8:00 a.m. ET on Tuesday, May 17, 2011, to discuss results for the quarter ended on March 31, 2011.
Joining Jifan Gao, Chairman and CEO of Trina Solar on the call will be Terry Wang, Chief Financial Officer, Gary Yu, Senior Vice President, Operations, Ben Hill, Vice President, Sales and Marketing and Thomas Young, Senior Director, Investor Relations. The Company plans to distribute its earnings announcement before the call.
To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1(800)884-2382. International callers should dial +1(660)422-4933. The conference ID for the call is 6165-0665.
If you are unable to participate in the call at this time, a replay will be available on May 17 at 10.00 a.m. ET, through May 24 at 11:59 p.m. ET. To access the replay, dial 1(800)642-1687, international callers should dial +1(706)645-9291, and enter the conference ID 6165-0665.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website at http://www.trinasolar.com . To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.
Joining Jifan Gao, Chairman and CEO of Trina Solar on the call will be Terry Wang, Chief Financial Officer, Gary Yu, Senior Vice President, Operations, Ben Hill, Vice President, Sales and Marketing and Thomas Young, Senior Director, Investor Relations. The Company plans to distribute its earnings announcement before the call.
To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1(800)884-2382. International callers should dial +1(660)422-4933. The conference ID for the call is 6165-0665.
If you are unable to participate in the call at this time, a replay will be available on May 17 at 10.00 a.m. ET, through May 24 at 11:59 p.m. ET. To access the replay, dial 1(800)642-1687, international callers should dial +1(706)645-9291, and enter the conference ID 6165-0665.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar's website at http://www.trinasolar.com . To listen to the live webcast, please go to Trina Solar's website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar's website for 90 days.
Experienced Power Developer Brian Quinlan Joins Nautilus Solar
SUMMIT, N.J., April 24, 2011 /PRNewswire/ -- Nautilus Solar Energy, LLC ("Nautilus Solar") today announced that Brian Quinlan has joined the company as the Executive Vice President of Development. Brian will lead the company's utility project development throughout the US and Canada. The addition of Brian's expertise continues Nautilus's commitment to expanding into the wholesale market segment nationwide. He is joining Nautilus from Lars Energy, LLC where he had been a Managing Director.
James Rice, Chief Executive Officer of Nautilus Solar, comments, "Brian is an experienced, proven power project developer who will provide the expertise and leadership for Nautilus to take advantage of the incredible opportunities to develop, construct, own and operate wholesale solar projects, especially in the rapidly growing eastern United States. His entrepreneurial background fits in perfectly with our rapidly growing company."
Mr. Quinlan added, "I have worked with Jim Rice on a variety of different power projects over the last 15 years and have been working with the Nautilus Solar team for the last 16 months on a consulting basis so joining the team full time was a logical next step. These are exciting times in the solar industry and Nautilus Solar is well positioned as a leader in the market and I am pleased to have the opportunity to be a member of the team."
Brian has worked in the power industry in a variety of roles including power plant operations, engineering, mergers and acquisitions, project development and financing over his 25 year career progressively assuming senior management positions. His experience has included working with power plants fueled by nuclear, coal, natural gas, hydro, waste heat and solar. Brian will be based in Nautilus Solar's mid-Atlantic office.
James Rice, Chief Executive Officer of Nautilus Solar, comments, "Brian is an experienced, proven power project developer who will provide the expertise and leadership for Nautilus to take advantage of the incredible opportunities to develop, construct, own and operate wholesale solar projects, especially in the rapidly growing eastern United States. His entrepreneurial background fits in perfectly with our rapidly growing company."
Mr. Quinlan added, "I have worked with Jim Rice on a variety of different power projects over the last 15 years and have been working with the Nautilus Solar team for the last 16 months on a consulting basis so joining the team full time was a logical next step. These are exciting times in the solar industry and Nautilus Solar is well positioned as a leader in the market and I am pleased to have the opportunity to be a member of the team."
Brian has worked in the power industry in a variety of roles including power plant operations, engineering, mergers and acquisitions, project development and financing over his 25 year career progressively assuming senior management positions. His experience has included working with power plants fueled by nuclear, coal, natural gas, hydro, waste heat and solar. Brian will be based in Nautilus Solar's mid-Atlantic office.
Trina Solar Ranked Second Best Solar PV Manufacturer on SVTC's Green Scorecard
CHANGZHOU, China, April 25, 2011 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, announced that it has been ranked No. 2 globally for environmental and social performance in the 2011 Solar Company Scorecard, an award system established by the Silicon Valley Toxics Coalition ("SVTC").
SVTC recently released its 2011 solar company scorecard, which ranked companies on the basis of their sustainability, environmental protection standards and contributions to promote social justice. Scores were based on surveys covering areas such as extended producer responsibility and takeback, supply chain monitoring and green jobs and chemical-use and life cycle analysis and disclosure.
"Environment protection and occupational health and safety is at the core of Trina Solar's ethical business principles," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "To be ranked so highly in this leading environmental survey demonstrates our commitment and direction to the sustainable development of our company."
SVTC recently released its 2011 solar company scorecard, which ranked companies on the basis of their sustainability, environmental protection standards and contributions to promote social justice. Scores were based on surveys covering areas such as extended producer responsibility and takeback, supply chain monitoring and green jobs and chemical-use and life cycle analysis and disclosure.
"Environment protection and occupational health and safety is at the core of Trina Solar's ethical business principles," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "To be ranked so highly in this leading environmental survey demonstrates our commitment and direction to the sustainable development of our company."
Solar Rainbow Acquires Stake in Roofing Company as Solar Installations in the State Increase
NEW YORK, April 25, 2011 /PRNewswire/ -- Solar Bawabeh, president and co-founder of Solar Rainbow Services, a leader in the design and installation of large-scale solar electric systems for commercial customers of all sizes, announced the acquisition of a stake in More Core Commercial Roofing, a commercial roofing company located in Monmouth County, New Jersey.
A rooftop solar project has a lifespan of 25-years, in order to take advantage of the full life of the system, the roof must also last 25-years. Additionally, repairs to solar integrated rooftops are very expensive as the solar panels must be relocated to service the roof.
Mr. Bawabeh stated, "Roofing and rooftop solar systems go hand in hand, and this strategic investment enables us to coordinate the reroofing with the solar photovoltaic systems installation. Customers like the fact that we provide a one-stop shop that satisfies their needs for a new roof and a solar installation."
The roofing business has skyrocketed in New Jersey due to the increase in solar photovoltaic energy systems being installed in the state. New Jersey has the most aggressive solar renewable energy certificates (SREC's) based incentive programs in the Northeast which has led to over 8,500 solar installations. Additionally, the New Jersey Master Plan has set the goal of generating 20% electricity renewable sources by 2020.
More Core Construction, a company specializing in residential work, saw this time as an opportunity to expand into the commercial roofing sector and added More Core Commercial Roofing in 2010.
Recently, Solar Rainbow has worked with More Core Commercial Roofing on two solar projects: a 1 megawatt project on a 120,000 square foot roof for Omni Holdings as well as a 1.3 megawatt project on a 400,000 square foot roof for JORDACHE Enterprises, both in South Plainfield, New Jersey.
"Owning a roofing company makes it easier to keep an existing warranty in effect if a customer recently purchased a new roof and decides to install a solar system," stated Mr. Bawabeh.
The company is actively seeking rooftops to rent where they will install, own and operate solar systems under the Power Purchase Agreement (PPA) structure providing additional revenue to the property owner which is up to fifty cents a square foot per year. The flat and unobstructed rooftops should be at least 50,000 square feet and will be re-roofed to ensure that the roofs outlast the 15-year life of the lease.
Mr. Bawabeh has developed strong relationships with renowned photovoltaic designers and engineers, warranty certified roofers, financial institutions as well as energy utilities in order to assist clients with confidence and provide the proper opportunities to go green in a financially advantageous manner. His company manages every aspect of the solar integrated roof installation -from site acquisition to engineering and long-term maintenance, so customers get all the benefits of solar power as quickly as possible. Solar Rainbow has 5 megawatt worth of solar projects currently under construction and an additional pipeline of about 25 megawatt commercial rooftop installations.
A rooftop solar project has a lifespan of 25-years, in order to take advantage of the full life of the system, the roof must also last 25-years. Additionally, repairs to solar integrated rooftops are very expensive as the solar panels must be relocated to service the roof.
Mr. Bawabeh stated, "Roofing and rooftop solar systems go hand in hand, and this strategic investment enables us to coordinate the reroofing with the solar photovoltaic systems installation. Customers like the fact that we provide a one-stop shop that satisfies their needs for a new roof and a solar installation."
The roofing business has skyrocketed in New Jersey due to the increase in solar photovoltaic energy systems being installed in the state. New Jersey has the most aggressive solar renewable energy certificates (SREC's) based incentive programs in the Northeast which has led to over 8,500 solar installations. Additionally, the New Jersey Master Plan has set the goal of generating 20% electricity renewable sources by 2020.
More Core Construction, a company specializing in residential work, saw this time as an opportunity to expand into the commercial roofing sector and added More Core Commercial Roofing in 2010.
Recently, Solar Rainbow has worked with More Core Commercial Roofing on two solar projects: a 1 megawatt project on a 120,000 square foot roof for Omni Holdings as well as a 1.3 megawatt project on a 400,000 square foot roof for JORDACHE Enterprises, both in South Plainfield, New Jersey.
"Owning a roofing company makes it easier to keep an existing warranty in effect if a customer recently purchased a new roof and decides to install a solar system," stated Mr. Bawabeh.
The company is actively seeking rooftops to rent where they will install, own and operate solar systems under the Power Purchase Agreement (PPA) structure providing additional revenue to the property owner which is up to fifty cents a square foot per year. The flat and unobstructed rooftops should be at least 50,000 square feet and will be re-roofed to ensure that the roofs outlast the 15-year life of the lease.
Mr. Bawabeh has developed strong relationships with renowned photovoltaic designers and engineers, warranty certified roofers, financial institutions as well as energy utilities in order to assist clients with confidence and provide the proper opportunities to go green in a financially advantageous manner. His company manages every aspect of the solar integrated roof installation -from site acquisition to engineering and long-term maintenance, so customers get all the benefits of solar power as quickly as possible. Solar Rainbow has 5 megawatt worth of solar projects currently under construction and an additional pipeline of about 25 megawatt commercial rooftop installations.
GT Solar Receives $93.9 Million Order for Polysilicon Production Equipment and Technology from Taiwan-based Powertec Energy Corporation
MERRIMACK, N.H.--(BUSINESS WIRE)--GT Solar International, Inc. (NASDAQ: SOLR), a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets, today announced that it has received a $93.9 million order from Taiwan-based polysilicon producer Powertec Energy Corporation for a complete suite of polysilicon production equipment and technology including SDR™ 400 reactors, hydrochlorination, filament and product processing equipment. The equipment will be installed in Powertec’s new polysilicon facility which is expected to begin production in 2012. The order will be included in GT Solar’s backlog for its current Q1 FY12, which ends on July 2, 2011.
“Our goal is to become a leading supplier of polysilicon to support the growth of the world PV industry,” said Scott Kou, chief executive officer of Powertec Energy Corporation. “To ensure a low-risk and rapid startup of our new production facility, we wanted proven technology that could deliver high quality material for the lowest polysilicon production costs. GT Solar’s polysilicon technology and complete range of engineering services will allow us to quickly ramp our plant to volume production while delivering the highest return on our investment.”
“We are pleased that Powertec has selected GT Solar as its technology partner for their new polysilicon production facility,” said Tom Gutierrez, GT Solar’s president and CEO. “We have a successful track record of enabling new market entrants to establish highly productive polysilicon manufacturing plants. Our suite of polysilicon equipment and technology delivers industry-leading cost per kilogram polysilicon by increasing throughput and lowering energy consumption.”
The SDR 400 CVD reactor has proven capability of producing over 400 metric tons annually (MTA) of polysilicon and continues GT Solar’s leadership position for developing the most energy efficient reactors in the industry.
“Our goal is to become a leading supplier of polysilicon to support the growth of the world PV industry,” said Scott Kou, chief executive officer of Powertec Energy Corporation. “To ensure a low-risk and rapid startup of our new production facility, we wanted proven technology that could deliver high quality material for the lowest polysilicon production costs. GT Solar’s polysilicon technology and complete range of engineering services will allow us to quickly ramp our plant to volume production while delivering the highest return on our investment.”
“We are pleased that Powertec has selected GT Solar as its technology partner for their new polysilicon production facility,” said Tom Gutierrez, GT Solar’s president and CEO. “We have a successful track record of enabling new market entrants to establish highly productive polysilicon manufacturing plants. Our suite of polysilicon equipment and technology delivers industry-leading cost per kilogram polysilicon by increasing throughput and lowering energy consumption.”
The SDR 400 CVD reactor has proven capability of producing over 400 metric tons annually (MTA) of polysilicon and continues GT Solar’s leadership position for developing the most energy efficient reactors in the industry.
WMECo Solar Program Receives National Award
SPRINGFIELD, Mass.--(BUSINESS WIRE)--Western Massachusetts Electric Company’s (WMECo) Silver Lake Solar Facility has received the Photovoltaic Projects of Distinction Award from the Solar Electric Power Association (SEPA) and the Solar Energy Industries Association (SEIA).
Located in Pittsfield, Massachusetts, the Silver Lake Solar Facility is one of three award recipients selected from more than 150 submissions. The recipient projects are required to be operational and demonstrate collective community benefit and innovative use of public policy and financing.
The award recognizes WMECo’s achievement in working closely with its contractors, the Pittsfield Economic Development Authority, the Massachusetts Department of Environmental Protection and other key stakeholders to redevelop eight acres of brownfield floodplain land into a renewable energy facility. Consisting of over 6,500 ground-mounted photovoltaic panels, the 1.8 MW facility accommodates a variety of complex permitting restrictions.
American Capital Energy handled the design and installation using Suntech panels. Weston & Sampson provided environmental engineering services. More than 40 local union craft workers helped to successfully construct the facility in less than six months.
“It is very gratifying to receive recognition from two of the solar industry’s preeminent organizations. The Silver Lake facility is a shining example of what a public-private partnership can accomplish to stimulate the developing solar industry and help meet the Commonwealth’s renewable energy objectives” said Peter J. Clarke, president and chief operating officer of WMECo.
The Silver Lake facility is the first project completed under WMECo’s program to build up to 6MW of solar facilities in western Massachusetts. The Company is currently evaluating similar projects in Springfield, Massachusetts.
Western Massachusetts Electric Company, a Northeast Utilities company (NYSE:NU), serves approximately 210,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. For more information about WMECo, visit our website at www.wmeco.com.
Located in Pittsfield, Massachusetts, the Silver Lake Solar Facility is one of three award recipients selected from more than 150 submissions. The recipient projects are required to be operational and demonstrate collective community benefit and innovative use of public policy and financing.
The award recognizes WMECo’s achievement in working closely with its contractors, the Pittsfield Economic Development Authority, the Massachusetts Department of Environmental Protection and other key stakeholders to redevelop eight acres of brownfield floodplain land into a renewable energy facility. Consisting of over 6,500 ground-mounted photovoltaic panels, the 1.8 MW facility accommodates a variety of complex permitting restrictions.
American Capital Energy handled the design and installation using Suntech panels. Weston & Sampson provided environmental engineering services. More than 40 local union craft workers helped to successfully construct the facility in less than six months.
“It is very gratifying to receive recognition from two of the solar industry’s preeminent organizations. The Silver Lake facility is a shining example of what a public-private partnership can accomplish to stimulate the developing solar industry and help meet the Commonwealth’s renewable energy objectives” said Peter J. Clarke, president and chief operating officer of WMECo.
The Silver Lake facility is the first project completed under WMECo’s program to build up to 6MW of solar facilities in western Massachusetts. The Company is currently evaluating similar projects in Springfield, Massachusetts.
Western Massachusetts Electric Company, a Northeast Utilities company (NYSE:NU), serves approximately 210,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. For more information about WMECo, visit our website at www.wmeco.com.
Spire Corporation Honors Earth Day by Teaming Up with Rails-to-Trails
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR), a global solar company providing capital equipment and turn-key manufacturing lines to produce photovoltaic (PV) modules, announced that it kicked-off its efforts to give back to both the community and the environment last Friday, Earth Day, by planting a golden forsythia on the Minuteman Bikeway, a branch of the Rails-to-Trails Conservancy. The plant symbolizes Spire’s monthly commitment to cleaning up the litter and excess debris from the trail.
“A great majority of Spire employees utilize this trail, which runs behind our building in Bedford, Massachusetts,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Being a solar company and a part of the green movement, as a team, we felt the importance to preserve the environment right in our backyard.”
About Rails-to-Trails Conservancy
Rails-to-Trails Conservancy is a non-profit organization based in Washington, D.C., whose mission it is to create a nationwide network of trails from former rail lines and connecting corridors to build healthier places for healthier people. The Minuteman Bikeway remains one of the most popular rail-trails in America; it is also a significant urban greenway, abutting public parks and conservations lands.
About Spire Corporation
Spire Corporation is a global solar company providing capital equipment and turn-key production lines to manufacture PV modules. To learn more about Spire Corporation, visit www.SpireCorp.com or email PR@SpireCorp.com.
“A great majority of Spire employees utilize this trail, which runs behind our building in Bedford, Massachusetts,” said Roger G. Little, Chairman and CEO of Spire Corporation. “Being a solar company and a part of the green movement, as a team, we felt the importance to preserve the environment right in our backyard.”
About Rails-to-Trails Conservancy
Rails-to-Trails Conservancy is a non-profit organization based in Washington, D.C., whose mission it is to create a nationwide network of trails from former rail lines and connecting corridors to build healthier places for healthier people. The Minuteman Bikeway remains one of the most popular rail-trails in America; it is also a significant urban greenway, abutting public parks and conservations lands.
About Spire Corporation
Spire Corporation is a global solar company providing capital equipment and turn-key production lines to manufacture PV modules. To learn more about Spire Corporation, visit www.SpireCorp.com or email PR@SpireCorp.com.
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