Message on 19 November, 2010 more solar energy industry have impact, due to fierce competition and prices high-cost impact those with assets and liabilities of the enterprise, BP Solar Energy CEO told reporters on Thursday.
BP solar energy, petroleum (BP), and other solar energy enterprises are faced with a pick-up in demand for renewable energy systems, before it is frustrating for one year, after experiencing financing difficulties and the prices of solar panels, solar panels prices will continue to drop.“ for some there will be a driving force, while others, they will be difficult to face the cost reduction and price reduction, ” BP Solar Fezzani CEO Reyad said in an interview.
Nov. 21, 2009
Brazil said the Tupi oil reserves of up to 8 billion barrels
Brazil's state oil company said today, after the Tupi oil and gas fields discovered on estimates of reserves, the oil and natural gas reserves at about 5 billion -8 billion barrels of oil equivalent. Tupi oil and gas fields in the Americas region since the 70s of last century since the discovery of the largest oil and gas fields. The oil and gas fields of storage depth of approximately 2100 meters.
Tupi oil and gas field belong to BM-S-11 exploration areas, by the Brazilian National Petroleum holds 65%, British Gas Group, holding 25 percent, Portugal, Galp Energy Group holding 10%.
Nov. 14, 2009
Tupi oil and gas field belong to BM-S-11 exploration areas, by the Brazilian National Petroleum holds 65%, British Gas Group, holding 25 percent, Portugal, Galp Energy Group holding 10%.
Nov. 14, 2009
iSuppli: 2013 thin-film solar panels will double its market share
According to iSuppli's survey, thin-film solar cells are rapidly Dunqu crystal technology has been the market share by 2013, the PV part of more than double the number of watts. By 2013, solar panels in the global market, the share of films from 2008 to 14% to 31%.
"First Solar Inc. Has been a strong proof of the viability of thin film technology, the company jumped this year, the world's largest manufacturer of solar panels, yield more than one billion watts." ISuppli's research director, said Greg Sheppard, "Meanwhile, the The company also has production cost per watt to less than 90 cents a silicon crystal is about half of the module manufacturer. "
Thin-film modules are expected next year, the average price will drop to 1.40 U.S. dollars, 1.70 dollars lower than in 2009. In 2010 the average price of crystalline silicon panels are expected to fall to 2.00 dollars, 2.50 U.S. dollars this year.
Nov. 13, 2009
"First Solar Inc. Has been a strong proof of the viability of thin film technology, the company jumped this year, the world's largest manufacturer of solar panels, yield more than one billion watts." ISuppli's research director, said Greg Sheppard, "Meanwhile, the The company also has production cost per watt to less than 90 cents a silicon crystal is about half of the module manufacturer. "
Thin-film modules are expected next year, the average price will drop to 1.40 U.S. dollars, 1.70 dollars lower than in 2009. In 2010 the average price of crystalline silicon panels are expected to fall to 2.00 dollars, 2.50 U.S. dollars this year.
Nov. 13, 2009
China's new energy industry development plan to revitalize Exposure
China officials are being developed to revitalize the New Energy and Industrial Development Plan (Draft) pointed out that until 2020 the new energy power generation accounted for the proportion of the total electricity installed capacity will reach 15%, of which solar power, nuclear power, wind power generation capacity will be respectively reached 20 million Kw, 86 million Kw, 150 million Kw, including solar power generation capacity target is higher than previously proposed by the mainland authorities planning objectives far higher.
The draft also mentions that in 2011 solar power, nuclear power, wind power installed capacity will scale up to 2 million Kw, 12 million Kw, 35 million Kw. Mainland officials previously proposed "renewable energy sources and long-term development plan" in reference to 10 years after the solar energy industry installed capacity target of 1.8 million Kw, if the new plan targeting the installed capacity is equivalent to two years ago, the old plan about 11 times.
Nov. 12, 2009
The draft also mentions that in 2011 solar power, nuclear power, wind power installed capacity will scale up to 2 million Kw, 12 million Kw, 35 million Kw. Mainland officials previously proposed "renewable energy sources and long-term development plan" in reference to 10 years after the solar energy industry installed capacity target of 1.8 million Kw, if the new plan targeting the installed capacity is equivalent to two years ago, the old plan about 11 times.
Nov. 12, 2009
Japan plans to build solar power stations in space
According to media reports, the Japanese government has launched the most ambitious to date the use of space solar power system (SSPS) program. The system needs at about 36,000 kilometers away from the orbit of the Earth to build a total area of 4 square kilometers of solar panels. The system will not be the impact of weather conditions, can continue to generate electricity. It is estimated that the system can produce at least one billion watts of electricity, enough for 300,000 households in Tokyo electricity.
Energy resources, Japan is a very poor country, the majority of energy resources imported. This situation also contributed to Japan in the new energy sources such as solar power research, development and use of walking in the world. It is disclosed that this space solar power system will be used, including Mitsubishi Heavy Industries, Ltd. (MHI) of the 16 companies, including research and a study group composed of the implementation of the construction of the entire system would be 2 a trillion yen (about 21 billion US - million).
Currently, the program first step in the utilization of solar energy by 2015 or so panels will be launched into Earth orbit intended, in around 2030, trial operation of the orbital space solar power systems. In Earth orbit on the efficiency of solar panels will be the use of solar energy on Earth five times. In space, the energy generated by solar panel will be in the form of microwave or laser transmission to the ground energy collection points, collection points via terrestrial energy sources of energy can be used to convert the public power. Provided to 300,000 households in Tokyo's daily electricity.
Nov. 9, 2009
Energy resources, Japan is a very poor country, the majority of energy resources imported. This situation also contributed to Japan in the new energy sources such as solar power research, development and use of walking in the world. It is disclosed that this space solar power system will be used, including Mitsubishi Heavy Industries, Ltd. (MHI) of the 16 companies, including research and a study group composed of the implementation of the construction of the entire system would be 2 a trillion yen (about 21 billion US - million).
Currently, the program first step in the utilization of solar energy by 2015 or so panels will be launched into Earth orbit intended, in around 2030, trial operation of the orbital space solar power systems. In Earth orbit on the efficiency of solar panels will be the use of solar energy on Earth five times. In space, the energy generated by solar panel will be in the form of microwave or laser transmission to the ground energy collection points, collection points via terrestrial energy sources of energy can be used to convert the public power. Provided to 300,000 households in Tokyo's daily electricity.
Nov. 9, 2009
Evergreen Solar plans to shift production to China
Evergreen Solar Devens company plans to stop production of solar panels, and center of gravity shift of production to China. In the Massachusetts State of the Marlboro company produces silicon and battery, and assembled into panels. However, the operating costs of the plant is very expensive in China, this cost comparison, relatively small.
Evergreen Solar's decision to have the production moved to China and signed a contract with JIAWEI Solar production of solar cells as well as components. Evergreen will be the production of solar silicon wafers in China, leased JIAWEI Solar company to build factories. Evergreen plans to initially have a capacity of up to 100MW. In 2010 a quarter of production.
Nov. 7, 2009
Evergreen Solar's decision to have the production moved to China and signed a contract with JIAWEI Solar production of solar cells as well as components. Evergreen will be the production of solar silicon wafers in China, leased JIAWEI Solar company to build factories. Evergreen plans to initially have a capacity of up to 100MW. In 2010 a quarter of production.
Nov. 7, 2009
87 million USD funding the Department of Energy Solar Energy R & D projects
Recently, the U.S. Department of Energy announced the allocation of 87 million U.S. dollars of foreign (of which 50 million U.S. dollars from the Recovery and Reinvestment Act Fund)-funded solar energy research and development of new technologies, as well as large-scale solar power systems. Of which 17 million U.S. dollars used to finance the Department of Energy's five National Laboratory (Argonne National Laboratory, Luo Sie Alamos National Laboratory, National Agency for New Energy Laboratory, Oak Ridge National Laboratory, Pacific Northwest National Laboratory, Savannah River National Laboratory) are engaged in solar photovoltaic concentrator power generation technology R & D projects.
The remaining 70 million U.S. dollars used to finance the development of solar energy systems 7 projects, contents include: power grid stability, model, test and evaluation; in 16 cities to establish 40 new solar energy community projects aimed at removing barriers to the use of solar in the city; in the solar project area nine universities, colleges and local institutional training facilities for assembly of solar energy professionals.
Nov. 5, 2009
The remaining 70 million U.S. dollars used to finance the development of solar energy systems 7 projects, contents include: power grid stability, model, test and evaluation; in 16 cities to establish 40 new solar energy community projects aimed at removing barriers to the use of solar in the city; in the solar project area nine universities, colleges and local institutional training facilities for assembly of solar energy professionals.
Nov. 5, 2009
SunPower's solar panel conversion efficiency of breaking records
SunPower Corporation recently announced that its large-size solar panels of the total area of the photoelectric conversion efficiency of 20.4% break records. In the United States Department of Energy solar energy in about two years ago in accordance with its U.S. launch plan (SAI) to provide financial support, its prototype solar panels has been developed. In the absence of SAI funding situation, the company launched the world-record efficiency of 96 batteries of solar panels and innovative T5 solar roof tiles.
The new 96 batteries, 333W solar panels using the SunPower's third-generation solar cell technology, the minimum battery photoelectric conversion efficiency of 23%. Solar panels of the total area of 1.6 square meters, including the framework, SunPower Corporation 20.4% conversion efficiency of solar panels to achieve a large size of the maximum efficiency of solar panels, the conversion efficiency by the U.S. National Renewable Energy Laboratory (NREL ) recognized independent testing facility.
SunPower expects, 20.4% efficient solar panels will be two years actual commercial applications, Shen, the company plans to use automated equipment manufacturing plant in 2010.
Nov. 2, 2009
The new 96 batteries, 333W solar panels using the SunPower's third-generation solar cell technology, the minimum battery photoelectric conversion efficiency of 23%. Solar panels of the total area of 1.6 square meters, including the framework, SunPower Corporation 20.4% conversion efficiency of solar panels to achieve a large size of the maximum efficiency of solar panels, the conversion efficiency by the U.S. National Renewable Energy Laboratory (NREL ) recognized independent testing facility.
SunPower expects, 20.4% efficient solar panels will be two years actual commercial applications, Shen, the company plans to use automated equipment manufacturing plant in 2010.
Nov. 2, 2009
India's solar energy industry access to the Clinton Foundation Aid
India's Gujarat province plans to build the world's largest solar power generation facilities, which cost 10 billion U.S. dollars, generating capacity 3000MW scheme has been agreed by the Clinton Foundation to assist the United States is expected before the end of the year completed the acquisition of 6000 hectares of land.
It has been reported, Gujarat Province, and former U.S. President Bill Clinton presided over the foundation on September 8 to sign a preliminary agreement. Gujarat province, officials said, the Clinton Foundation will assist in this scheme to the Asian Development Bank and other institutions to obtain low-interest financing, as well as the introduction of producers and generators. This project might be in the Gujarat province, 150 kilometers to build three solar energy within the park, a total area of 10,000 hectares, take five years time to develop.
In the energy-deficient India, solar energy is a promising development in renewable energy sources, it is estimated the demand for electricity in India is expected to be in the next 20 years, an increase of 5 times. India's goal is to achieve the 2020 goal of 20000 MG solar power, but reached only about 5MG.
In addition to the Clinton Foundation, Gujarat province and the U.S. solar energy company AES and the Spanish Abengoa suppliers such as solar energy companies, for other solar energy plan, the province has the supply of solar electricity 716MG.
Oct. 10, 2009
It has been reported, Gujarat Province, and former U.S. President Bill Clinton presided over the foundation on September 8 to sign a preliminary agreement. Gujarat province, officials said, the Clinton Foundation will assist in this scheme to the Asian Development Bank and other institutions to obtain low-interest financing, as well as the introduction of producers and generators. This project might be in the Gujarat province, 150 kilometers to build three solar energy within the park, a total area of 10,000 hectares, take five years time to develop.
In the energy-deficient India, solar energy is a promising development in renewable energy sources, it is estimated the demand for electricity in India is expected to be in the next 20 years, an increase of 5 times. India's goal is to achieve the 2020 goal of 20000 MG solar power, but reached only about 5MG.
In addition to the Clinton Foundation, Gujarat province and the U.S. solar energy company AES and the Spanish Abengoa suppliers such as solar energy companies, for other solar energy plan, the province has the supply of solar electricity 716MG.
Oct. 10, 2009
Oerlikon Solar a-Si solar cell conversion efficiency of 10% breakthrough
As the world's leading thin-film silicon photovoltaic production equipment supplier Oerlikon Solar today announced that its amorphous silicon (a-Si) single-junction photovoltaic cells gained a new record of stability and conversion efficiency. Recently by the U.S. National Renewable Energy Laboratory (NREL) re-affirmed and recognized the test results show that the energy conversion efficiency of more than 10%. The results of the amorphous silicon thin film photovoltaic technology to create a new world record. Oerlikon Solar in Neuchatel R & D team can consistently produce a high similar to the efficiency of solar cells, demonstrating a stable and repeatable process.
"The achievements are impressive demonstration of the rapid promotion of Oerlikon Solar thin-film silicon PV technology to reduce electricity costs unique ability," Jeannine Sargent, CEO Oerlikon Solar said. In the amorphous silicon technology to obtain a high cell conversion efficiency is a proprietary high-performance amorphous silicon and microcrystalline silicon cells laminated photovoltaic technology a key driver.
A record of solar cells to demonstrate the superior performance of the Oerlikon advantages of thin-film silicon photovoltaic technology, once again demonstrates the company's integrated research and development planning. Oerlikon Solar's advanced deposition equipment and technology and its large number of process know-how eventually to create a higher conversion efficiency of solar cell design optimization. The recent success of amorphous silicon cell efficiency has laid a-Si modules laminated acquired or produced more than 10% efficiency basis.
Sep. 24, 2009
"The achievements are impressive demonstration of the rapid promotion of Oerlikon Solar thin-film silicon PV technology to reduce electricity costs unique ability," Jeannine Sargent, CEO Oerlikon Solar said. In the amorphous silicon technology to obtain a high cell conversion efficiency is a proprietary high-performance amorphous silicon and microcrystalline silicon cells laminated photovoltaic technology a key driver.
A record of solar cells to demonstrate the superior performance of the Oerlikon advantages of thin-film silicon photovoltaic technology, once again demonstrates the company's integrated research and development planning. Oerlikon Solar's advanced deposition equipment and technology and its large number of process know-how eventually to create a higher conversion efficiency of solar cell design optimization. The recent success of amorphous silicon cell efficiency has laid a-Si modules laminated acquired or produced more than 10% efficiency basis.
Sep. 24, 2009
Sanyo developed a thickness of only 0.1 mm thin film solar cell efficiency
According to Japan's Kyodo News agency reported that Japan's Sanyo Electric Co. announced the 18 developed only half of its original thickness, about 0.1 mm of solar cells. The battery-piece basic components of solar cells, solar energy conversion rate reached the highest level of 22.8%. Sanyo hopes to mass production a few years later, when the solar power system is expected to push prices down.
Solar panels from a combination of solar cells. The existing ordinary cell thickness of about 0.2 mm, and the cell thickness of only 0.098 mm. Usually the battery thickness thinning will reduce the amount of light absorption, resulting in current and voltage goes low, the output power decrease. However, according to Sanyo's introduction, by improving the bonding technology to improve the absorption effect by preventing the decline in power output.
Thin film batteries will allow the use of silicon raw materials, reduced by about 25% lower costs help drive down the price of solar panels. In addition, the battery can also be adjusted to expand the use of film curvature. Sanyo announced in May of this year developed the world's first solar energy conversion rate (23%) of solar cells.
Sep. 21, 2009
Solar panels from a combination of solar cells. The existing ordinary cell thickness of about 0.2 mm, and the cell thickness of only 0.098 mm. Usually the battery thickness thinning will reduce the amount of light absorption, resulting in current and voltage goes low, the output power decrease. However, according to Sanyo's introduction, by improving the bonding technology to improve the absorption effect by preventing the decline in power output.
Thin film batteries will allow the use of silicon raw materials, reduced by about 25% lower costs help drive down the price of solar panels. In addition, the battery can also be adjusted to expand the use of film curvature. Sanyo announced in May of this year developed the world's first solar energy conversion rate (23%) of solar cells.
Sep. 21, 2009
China has also decided to take two years to feed-in-tariff price of
Hapoalim Securities analyst Gordon Johnson recently published research report, China may need two years of time before the adoption of compulsory photovoltaic electricity price (feed-in tariff) policy, unlike the market generally expected in 2009. Johnson mentioned that the Chinese Energy Research Institute in Shanghai, an official who told reporters that the Government needs to at least two years of time to decide whether to adopt the policy FIT.
Johnson also pointed out that, including Yingli Green, Suntech Power, Canadian Solar, LDK Solar and First Solar have announced that China in the near future the building of large-scale solar power program, which is based on the number of building programs in China to adopt policies based on FIT. He believes that investors should be warned that these companies related to the construction program will be faced with the extension.
The media had reported September 15, the National Development and Reform Commission of Energy Renewable Energy Development Center, said researcher Hu Runqing, photovoltaic power station is still online price will follow, "thing" approach to pricing, not because individual Several projects will be laid down throughout the industry benchmark price, there is no timetable yet. Hu Runqing 9 14 in the meeting told reporters on the sidelines of the wind power benchmark price set by the six-year period, photovoltaic certainly not for so long, but the need to determine the number of items to measure the level of profits is expected to take 2 years .
Government of Germany for green electricity price for a period of 20-year price guarantee to encourage homeowners to enter the solar energy generation unified national power grid, that is, feed-price (feed-in-tariff).
Sep. 18, 2009
Johnson also pointed out that, including Yingli Green, Suntech Power, Canadian Solar, LDK Solar and First Solar have announced that China in the near future the building of large-scale solar power program, which is based on the number of building programs in China to adopt policies based on FIT. He believes that investors should be warned that these companies related to the construction program will be faced with the extension.
The media had reported September 15, the National Development and Reform Commission of Energy Renewable Energy Development Center, said researcher Hu Runqing, photovoltaic power station is still online price will follow, "thing" approach to pricing, not because individual Several projects will be laid down throughout the industry benchmark price, there is no timetable yet. Hu Runqing 9 14 in the meeting told reporters on the sidelines of the wind power benchmark price set by the six-year period, photovoltaic certainly not for so long, but the need to determine the number of items to measure the level of profits is expected to take 2 years .
Government of Germany for green electricity price for a period of 20-year price guarantee to encourage homeowners to enter the solar energy generation unified national power grid, that is, feed-price (feed-in-tariff).
Sep. 18, 2009
Thin-film solar plant to achieve 4.1 billion in orders for Nanosolar
It has been reported, Nanosolar inception in 2002, the company has a considerable amount of funds raised from about 500 million U.S. dollars, however, it is difficult to know the outside world is not publicly traded on the actual operation of Nanosolar. Nanosolar recently broke his silence, indicating that 4.1 billion of orders, its customers include solar power plant builder NextLight, AES Solar and Germany Beck Energy.
Nanosolar CEO Martin Roscheisen near Berlin, Germany Luckenwald panel on behalf of the company's assembly plant opening ceremony said that the plant every 10 seconds can produce a panel, annual production is equivalent to 640MW. Nanosolar is the use of CIGS solar technology, lower production costs, higher conversion efficiency. In addition to receiving orders from outside the Berlin plant became operational, Nanosolar said in a laboratory by solar cells made from CIGS conversion efficiency of up to 16.4% by the U.S. National Renewable Energy Laboratory (NREL) verified, the conversion efficiency of solar panels over 11%.
Sep. 15, 2009
Nanosolar CEO Martin Roscheisen near Berlin, Germany Luckenwald panel on behalf of the company's assembly plant opening ceremony said that the plant every 10 seconds can produce a panel, annual production is equivalent to 640MW. Nanosolar is the use of CIGS solar technology, lower production costs, higher conversion efficiency. In addition to receiving orders from outside the Berlin plant became operational, Nanosolar said in a laboratory by solar cells made from CIGS conversion efficiency of up to 16.4% by the U.S. National Renewable Energy Laboratory (NREL) verified, the conversion efficiency of solar panels over 11%.
Sep. 15, 2009
Trina Solar: 09 shipments to grow by at least 75% of the
Trina Solar CFO Terry Wang, said recently that since the recovery in demand by the third quarter, driven this year, shipments grow by at least 75%. He also said that if the demand will continue to grow next year, the company is expected when the annual production capacity from current 400MW to 850-950MW. In the August 17 release second-quarter results, Trina Solar's solar cells is expected in the third quarter will be between module shipments between the 90-110MW higher than the second quarter of 64MW; gross margins would be 23.5-26.5%. In addition, the company also expects full-year shipments will grow by 74-99% to 350-400MW.
Trina Solar Chairman Gao Jifan also said that solar energy industry, market confidence has started to increase, mainly because of government support and financing situation of the turn for the better. He noted that in the case of rising market demand, the company will expand production capacity by the end of 2009.
Sep. 11, 2009
Trina Solar Chairman Gao Jifan also said that solar energy industry, market confidence has started to increase, mainly because of government support and financing situation of the turn for the better. He noted that in the case of rising market demand, the company will expand production capacity by the end of 2009.
Sep. 11, 2009
Showa Shell Sekiyu KK will build largest solar-cell factory in Japan
Showa Shell Sekiyu KK 7 released press release announced that it will spend about 1,000 billion yen in Japan, Miyazaki Prefecture to build a new factory CIS thin film solar cells. Press release pointed out that the block the new plant a capacity of 900MW, and is expected to open in late 2011, the amount of production, produced by solar cells in Japan in addition to the family, industry and large-scale power generation purposes, the follow-up also plans to export to overseas .
Press release noted that in addition to the new plant, the Showa Shell now has two annual capacity of 20MW and 60MW respectively, of the CIS solar battery plant, so the amount of new plant to be post-partum, Showa Shell Sekiyu KK overall annual production capacity of solar cells to reach 1GW (1,000 MW) in size; Showa Shell Sekiyu KK solar cell plant in the block size would be beyond the capacity of Sharp's Katsuragi in Nara Prefecture plant (annual capacity of 710MW) to become Japan's largest solar-cell factory.
Sep. 8, 2009
Press release noted that in addition to the new plant, the Showa Shell now has two annual capacity of 20MW and 60MW respectively, of the CIS solar battery plant, so the amount of new plant to be post-partum, Showa Shell Sekiyu KK overall annual production capacity of solar cells to reach 1GW (1,000 MW) in size; Showa Shell Sekiyu KK solar cell plant in the block size would be beyond the capacity of Sharp's Katsuragi in Nara Prefecture plant (annual capacity of 710MW) to become Japan's largest solar-cell factory.
Sep. 8, 2009
First Solar as a new CEO appointed Robert Gillette
First Solar, Inc. (Nasdaq: FSLR) today announced that Robert J. Gillette has been appointed chief executive officer, succeeding Mike Ahearn.
Mr. Gillette brings a wealth of experience to this position, having spent the last four and a half years as the CEO and president of Honeywell Aerospace, Honeywell International's most profitable business group with current sales of more than $ 12 billion annually. In this role, he led more than 40,000 associates at nearly 100 worldwide manufacturing and service sites.
In welcoming Mr. Gillette to First Solar, Mr. Ahearn said, "I compliment the Board of Directors and the search committee for identifying and bringing to First Solar an executive possessing a unique combination of skills and experiences that make him an ideal leader for First Solar in the next wave of our growth. "
Mr. Gillette joined Honeywell in 1996 and has served in a number of senior management positions, including president and CEO of Honeywell Transportation Systems and president of Honeywell Turbo Technologies. Prior to joining Honeywell, Mr. Gillette spent over 10 years at General Electric where he served in numerous senior management positions.
"Rob has a track record of fostering innovation and bringing new technologies and products to market. He has built organizational capability to enable businesses to scale in complex and geographically diverse markets and he has worked extensively in global markets, including Europe, Asia and South America , "said Mr. Ahearn." He has demonstrated a leadership style that meshes well with our core values and will enable him to form strong working relationships with our management team. "
"This is a unique opportunity to join a leader in what promises to be one of the most important industries of the 21st century," said Mr. Gillette. "I am excited to lead First Solar through the next phase of its growth."
Mr. Gillette will assume his duties as CEO and join the Board of Directors effective October 1, 2009. As previously announced, Mr. Ahearn will continue to serve in the full-time position of executive chairman.
Sep. 4, 2009
Mr. Gillette brings a wealth of experience to this position, having spent the last four and a half years as the CEO and president of Honeywell Aerospace, Honeywell International's most profitable business group with current sales of more than $ 12 billion annually. In this role, he led more than 40,000 associates at nearly 100 worldwide manufacturing and service sites.
In welcoming Mr. Gillette to First Solar, Mr. Ahearn said, "I compliment the Board of Directors and the search committee for identifying and bringing to First Solar an executive possessing a unique combination of skills and experiences that make him an ideal leader for First Solar in the next wave of our growth. "
Mr. Gillette joined Honeywell in 1996 and has served in a number of senior management positions, including president and CEO of Honeywell Transportation Systems and president of Honeywell Turbo Technologies. Prior to joining Honeywell, Mr. Gillette spent over 10 years at General Electric where he served in numerous senior management positions.
"Rob has a track record of fostering innovation and bringing new technologies and products to market. He has built organizational capability to enable businesses to scale in complex and geographically diverse markets and he has worked extensively in global markets, including Europe, Asia and South America , "said Mr. Ahearn." He has demonstrated a leadership style that meshes well with our core values and will enable him to form strong working relationships with our management team. "
"This is a unique opportunity to join a leader in what promises to be one of the most important industries of the 21st century," said Mr. Gillette. "I am excited to lead First Solar through the next phase of its growth."
Mr. Gillette will assume his duties as CEO and join the Board of Directors effective October 1, 2009. As previously announced, Mr. Ahearn will continue to serve in the full-time position of executive chairman.
Sep. 4, 2009
LDK Solar in China build 800MW solar power project
LDK Solar Co., Ltd. 31, said that with China Jiangsu Province, Suqian City, to develop solar energy, is expected by the year 2015 will build 300MW solar power projects.
Last week, LDK Solar also announced that, with China Jiangsu Province, Yancheng municipal government signed a cooperation agreement in solar photovoltaic industry plans to build 500MW within five years, photovoltaic power generation projects. More than two total installed capacity of photovoltaic power generation projects to reach 800MW.
Sep. 1, 2009
Last week, LDK Solar also announced that, with China Jiangsu Province, Yancheng municipal government signed a cooperation agreement in solar photovoltaic industry plans to build 500MW within five years, photovoltaic power generation projects. More than two total installed capacity of photovoltaic power generation projects to reach 800MW.
Sep. 1, 2009
UNSW to obtain silicon cells 43% of the conversion efficiency record
University of New South Wales (UNSW) researchers in the solar cell efficiency of another step in a few days ago they reported that 43% conversion efficiency of the new world record. The research team and the United States more than two teams demonstrate the performance of the battery combination, the efficiency of the establishment of a new benchmark.
Professor, Martin Green "Because solar energy by different composition of many colors, ranging from high-energy ultraviolet light to low-energy infrared light, as opposed to a single cell, different combinations of materials, solar cells more efficient conversion of sunlight," UNSW ARC Photovoltaic Center of Excellence, research director Martin Green said Professor.
Green and his colleagues Anita Ho-Baillie to lead R & D team has developed a silicon battery optimization technology, in the solar spectrum of the red and near-infrared side to capture sunlight. The battery capable of up to 46% of sunlight converted into electricity. When combined with four other batteries (from the National Renewable Energy Laboratory and the Emcore Corp. Joint development), each optimized for different solar spectrum band, the combination of the five batteries eventually be able to convert 43% of sunlight into electricity, will be The original world record of 0.3%. "Our R & D team of silicon cells is the key factor to reach a new record," Green said.
UNSW new record last year to create a single solar cell 25% of the world record can not be directly comparable, ARC Director of the Center, Professor Stuart Wenham said. "The latest record contains a combination of expensive batteries, and the collection of sunlight generated by the density is much higher than that of the standard tests sunlight intensity," he said. "However, it does show some of the final feasible solution."
Aug. 29, 2009
Professor, Martin Green "Because solar energy by different composition of many colors, ranging from high-energy ultraviolet light to low-energy infrared light, as opposed to a single cell, different combinations of materials, solar cells more efficient conversion of sunlight," UNSW ARC Photovoltaic Center of Excellence, research director Martin Green said Professor.
Green and his colleagues Anita Ho-Baillie to lead R & D team has developed a silicon battery optimization technology, in the solar spectrum of the red and near-infrared side to capture sunlight. The battery capable of up to 46% of sunlight converted into electricity. When combined with four other batteries (from the National Renewable Energy Laboratory and the Emcore Corp. Joint development), each optimized for different solar spectrum band, the combination of the five batteries eventually be able to convert 43% of sunlight into electricity, will be The original world record of 0.3%. "Our R & D team of silicon cells is the key factor to reach a new record," Green said.
UNSW new record last year to create a single solar cell 25% of the world record can not be directly comparable, ARC Director of the Center, Professor Stuart Wenham said. "The latest record contains a combination of expensive batteries, and the collection of sunlight generated by the density is much higher than that of the standard tests sunlight intensity," he said. "However, it does show some of the final feasible solution."
Aug. 29, 2009
LDK Solar to develop solar energy projects in China
LDK Solar Co., Ltd. Tuesday said it is in cooperation with China Yancheng in the next five years of building 500 megawatts of photovoltaic solar power projects, sending its shares up 6.2%. The news come out a month ago, China launched a long-awaited plans for large-scale solar power projects to offer subsidies. As the world's largest emitter of greenhouse gases, China is currently looking for alternatives to fossil fuels.
Since China announced the plan has been, China solar energy companies, including Suntech Power Holdings Co., Ltd. and ReneSola Ltd. Announced plans to build large solar power plants in China. "We believe that the growing number of photovoltaic application projects will come from China, we will continue our efforts to smoothly promote the rapid development of LDK PV market," LDK Chief Executive, said Peng Xiaofeng.
LDK shares on the New York Stock Exchange stock market closed 8.85 U.S. dollars, then rose to 9.40 U.S. dollars after. Yancheng City in China Jiangsu Province, is located north of Shanghai city. China 6 month that it will speed up the development of Jiangsu Province, which will include Yancheng.
Aug. 26, 2009
Since China announced the plan has been, China solar energy companies, including Suntech Power Holdings Co., Ltd. and ReneSola Ltd. Announced plans to build large solar power plants in China. "We believe that the growing number of photovoltaic application projects will come from China, we will continue our efforts to smoothly promote the rapid development of LDK PV market," LDK Chief Executive, said Peng Xiaofeng.
LDK shares on the New York Stock Exchange stock market closed 8.85 U.S. dollars, then rose to 9.40 U.S. dollars after. Yancheng City in China Jiangsu Province, is located north of Shanghai city. China 6 month that it will speed up the development of Jiangsu Province, which will include Yancheng.
Aug. 26, 2009
Lieberose become Germany's largest solar power station
Wrrstdt in Germany and the United States juwi Group of First Solar Inc. announced that during the construction of solar power generation market Brandenburg Lieberose Thursday to become the world's second largest, Germany's largest solar power station. 560,000 in the first solar panel installation is complete, the German foundation and the Ministry of Construction Minister Wolfgang Tiefensee Brandenburg Matthias Platzeck Chief Minister made this announcement.
Turnow-Preilack still located in the construction of solar power generation market in several aspects of solar energy industry can be called a landmark project. Despite the current economic and financial crisis, the two companies are still in the construction of utility-scale projects, a total investment of more than 160 million euros. The project is about generating 53 megawatts, covers an area of more than 210 football pitches, is the world's second largest photovoltaic installation projects.
Germany's Minister of Construction Wolfgang Tiefensee the basis of the formal start of the ground-breaking ceremony for 300 invited guests, said: "Lieberose projects in Germany show local renewable energy production and other advantages of combining the success of these advantages include local companies, networks, research organizations and universities have the knowledge and expertise. Germany's competitiveness is to rely on this combination. "
He added: "Lieberose not only in power generation and financing is an example of changing the military and other unused land is also true. Over the years and prohibits the entry of contaminated land under the arms and the removal of other pollutants, not all of the land - the countries - to have any financial burden. Lieberose solar power market is to make solar power become a major force in the local economy an important step. "
This project was originally developed in the Soviet army in Germany's largest military training base. Because of relatively low investment and operating costs, the user can be attractive to the Brandenburg to pay the rent for the venue to provide funds to repair. Restoration measures include the removal of residual metals and hand grenades, artillery munitions debris and contaminated land. After the end of the lease term, solar power market can be removed and the land restored to natural state.
Stephan Hansen, general manager of First Solar and juwi director Matthias Willenbacher said: "Our aim is to clean, cost-effective realization of the global supply of solar energy. Lieberose project will only help to reduce carbon dioxide emissions of 35,000 tons. We project particularly proud, because it contains another meaning of the word clean (clear). It is not only clean energy output, but also ensure the removal of dangerous weapons. "
As a general contractor, juwi partner juwi Solar GmbH is responsible for planning, logistics, construction, supervision and delivery of the final completion of the solar power market, after the completion of the power generation market is expected to be sold to certain investors. Willenbacher and Hansen said: "Lieberose such as solar power generation market for all the future of renewable energy are very important. Produced through the use of solar panels the size and efficiency, which contributes to the achievement of significant reduction in the price, to accelerate the competitive force the emergence of solar power. This is undoubtedly increased awareness of the acceptability of solar energy. "
According to the plan, Lieberose will be fully operational by the end of this year. After the completion of some 700,000 thin-film modules (First Solar, mainly from the vicinity of Frankfurt / Oder factory) will produce enough green electricity to meet the equivalent of approximately 15,000 families in the demand for electricity. In addition to the production of solar panels, First Solar is also helping to fund this project.
Aug. 23,2009
Turnow-Preilack still located in the construction of solar power generation market in several aspects of solar energy industry can be called a landmark project. Despite the current economic and financial crisis, the two companies are still in the construction of utility-scale projects, a total investment of more than 160 million euros. The project is about generating 53 megawatts, covers an area of more than 210 football pitches, is the world's second largest photovoltaic installation projects.
Germany's Minister of Construction Wolfgang Tiefensee the basis of the formal start of the ground-breaking ceremony for 300 invited guests, said: "Lieberose projects in Germany show local renewable energy production and other advantages of combining the success of these advantages include local companies, networks, research organizations and universities have the knowledge and expertise. Germany's competitiveness is to rely on this combination. "
He added: "Lieberose not only in power generation and financing is an example of changing the military and other unused land is also true. Over the years and prohibits the entry of contaminated land under the arms and the removal of other pollutants, not all of the land - the countries - to have any financial burden. Lieberose solar power market is to make solar power become a major force in the local economy an important step. "
This project was originally developed in the Soviet army in Germany's largest military training base. Because of relatively low investment and operating costs, the user can be attractive to the Brandenburg to pay the rent for the venue to provide funds to repair. Restoration measures include the removal of residual metals and hand grenades, artillery munitions debris and contaminated land. After the end of the lease term, solar power market can be removed and the land restored to natural state.
Stephan Hansen, general manager of First Solar and juwi director Matthias Willenbacher said: "Our aim is to clean, cost-effective realization of the global supply of solar energy. Lieberose project will only help to reduce carbon dioxide emissions of 35,000 tons. We project particularly proud, because it contains another meaning of the word clean (clear). It is not only clean energy output, but also ensure the removal of dangerous weapons. "
As a general contractor, juwi partner juwi Solar GmbH is responsible for planning, logistics, construction, supervision and delivery of the final completion of the solar power market, after the completion of the power generation market is expected to be sold to certain investors. Willenbacher and Hansen said: "Lieberose such as solar power generation market for all the future of renewable energy are very important. Produced through the use of solar panels the size and efficiency, which contributes to the achievement of significant reduction in the price, to accelerate the competitive force the emergence of solar power. This is undoubtedly increased awareness of the acceptability of solar energy. "
According to the plan, Lieberose will be fully operational by the end of this year. After the completion of some 700,000 thin-film modules (First Solar, mainly from the vicinity of Frankfurt / Oder factory) will produce enough green electricity to meet the equivalent of approximately 15,000 families in the demand for electricity. In addition to the production of solar panels, First Solar is also helping to fund this project.
Aug. 23,2009
Suntech polycrystalline silicon solar cell efficiency breakthrough record assembly
Solar module manufacturer Suntech Power Holdings Co. Ltd. A few days ago announced that its efficiency polycrystalline silicon solar cell component 15 years ago, breaking the old record. Sandia National Labs compared to the previous 15.5% conversion efficiency, Suntech efficiency reached 15.6%. After the conversion efficiency of Fraunhofer Institute for Solar Energy Systems (ISE, Freiburg, Germany) independent testing.
Pluto-based battery technology, Suntech solar-grade silicon using conventional commercial production line of the conversion efficiency of solar modules have been broken through the 15-year-long record of efficiency. Although only 10 percent appear to progress in a very small, but the manufacturers of solar energy is still doing its utmost to obtain a higher conversion efficiency, which will eventually bring the parity Internet to reduce the enormous cost. In addition, Suntech had been in the business-class PV modules your well has been realized in the conversion efficiency of 15.6%. Based on the previous record of Sandia light region, with or without the framework components. Suntech new record, including a framework for regional, if there is no framework, Suntech's researchers believe we can achieve more than 16% of the conversion efficiency.
Break the world record conversion efficiency of access to science and technology journal Progress in Photovoltaics (PIP) recognition, PIP to provide a forum to report on the advanced technology photovoltaic industry. "Improving the conversion efficiency of polycrystalline silicon components quite challenging, which is the commercialization of such a large supplier of components to obtain the progress of exciting," Australian University of New South Wales of the ARC Photovoltaics center of Excellence Research Director, Professor Martin Green, said he is also a member of the Committee PIP. "I believe that the 15.6 percent efficiency polycrystalline silicon component is known by the authorized testing center PIP measured at maximum efficiency."
Suntech's polysilicon components using the assembly of solar cells from Pluto. Pluto technology can be used on single crystal silicon and polycrystalline silicon wafers. Suntech solar cell conversion efficiency of more than 17%.
"Components of a record in the use of conventional solar grade silicon business and production line, and this seems even more extraordinary significance," Suntech's CTO Stuart Wenham said. "More importantly, we believe that the Pluto technology, there is much room for that with the breakthroughs in technology development limitations, we will bring more powerful and reliable solar energy products."
Suntech has already begun Pluto technology components of the commercial shipments are expected to Pluto this year, product shipments in the 10-15MW.
Aug. 20,2009
Pluto-based battery technology, Suntech solar-grade silicon using conventional commercial production line of the conversion efficiency of solar modules have been broken through the 15-year-long record of efficiency. Although only 10 percent appear to progress in a very small, but the manufacturers of solar energy is still doing its utmost to obtain a higher conversion efficiency, which will eventually bring the parity Internet to reduce the enormous cost. In addition, Suntech had been in the business-class PV modules your well has been realized in the conversion efficiency of 15.6%. Based on the previous record of Sandia light region, with or without the framework components. Suntech new record, including a framework for regional, if there is no framework, Suntech's researchers believe we can achieve more than 16% of the conversion efficiency.
Break the world record conversion efficiency of access to science and technology journal Progress in Photovoltaics (PIP) recognition, PIP to provide a forum to report on the advanced technology photovoltaic industry. "Improving the conversion efficiency of polycrystalline silicon components quite challenging, which is the commercialization of such a large supplier of components to obtain the progress of exciting," Australian University of New South Wales of the ARC Photovoltaics center of Excellence Research Director, Professor Martin Green, said he is also a member of the Committee PIP. "I believe that the 15.6 percent efficiency polycrystalline silicon component is known by the authorized testing center PIP measured at maximum efficiency."
Suntech's polysilicon components using the assembly of solar cells from Pluto. Pluto technology can be used on single crystal silicon and polycrystalline silicon wafers. Suntech solar cell conversion efficiency of more than 17%.
"Components of a record in the use of conventional solar grade silicon business and production line, and this seems even more extraordinary significance," Suntech's CTO Stuart Wenham said. "More importantly, we believe that the Pluto technology, there is much room for that with the breakthroughs in technology development limitations, we will bring more powerful and reliable solar energy products."
Suntech has already begun Pluto technology components of the commercial shipments are expected to Pluto this year, product shipments in the 10-15MW.
Aug. 20,2009
Suntech Power to invest 8 billion yuan building a solar power plant in China
Suntech Power Holdings Co., Ltd. and China a few days ago the city of Ningxia Shizuishan strategic cooperation agreement was signed, according to the agreement, the future will be Ningxia Suntech 500 MW solar power plant construction projects expected to total investment of 80 billion yuan, the project will be completed 10,000 tons of local companies led the production of polysilicon.
Suntech Power Holdings Co., Ltd. is a leading global provider of specialized in crystalline silicon solar cells, modules, silicon thin-film solar cells and photovoltaic power generation system research and development, manufacture and sale of the international high-tech enterprises, is currently the world's photovoltaic industry has entered the first three strong, and become the world leader in photovoltaic industry. The company exports more than 90% of European and American developed countries, the global market share of over 10%.
Aug. 16, 2009
Suntech Power Holdings Co., Ltd. is a leading global provider of specialized in crystalline silicon solar cells, modules, silicon thin-film solar cells and photovoltaic power generation system research and development, manufacture and sale of the international high-tech enterprises, is currently the world's photovoltaic industry has entered the first three strong, and become the world leader in photovoltaic industry. The company exports more than 90% of European and American developed countries, the global market share of over 10%.
Aug. 16, 2009
Thin-film solar cells Centrotherm announced volume production line to achieve 13% conversion efficiency
Centrotherm photovoltaics AG has announced that its thin-film sector has been successfully Centrotherm patent will be based on the equipment and technology conversion efficiency of thin film solar cells to 13%. The results of the process was also used for large-scale mass production, and it is expected that the 1.5m ² for the manufacture of thin film components of the turnkey lines can reach 12% efficiency.
Centrotherm photovoltaics solar silicon, crystalline silicon thin-film CIGS solar cells and components of the production equipment and technology providers, is committed to the film sector to reduce the cost per watt of solar cells. Centrotherm have in the CIGS thin-film technology leading conversion efficiency, can provide customers high-efficiency, lower production costs. In addition, with other manufacturing techniques, the new manufacturing process for CIGS components of the process does not require toxic gases.
"Has been obtained in the laboratory, the efficiency of thin-film components demonstrated the potential advantages of the technology. However, the current challenge is how to make the technology from the laboratory into mass production in large-scale," Centrotherm photovoltaics's CTO Peter Fath Dr.说. "We in the CIGS technology has the advantage of being simple and robust process management, and easy to choose from small-volume production line process into more steps."
Centrotherm photovoltaics Group Blaubeuren have CIGS a complete production line, from 2008 pre-production film components 0.1m ², and R & D experimental film here.
Blaubeuren experts from the use of 1.5m ² of photovoltaic components, because it can target to achieve the optimal efficiency of production and assembly costs, and thus enable customers to long-term access to highly competitive production conditions. Components using the glass - the glass sandwich structure, and based on the company's patented two-step process. A first step, remove the metal workshop in the sputtered film. CIGS phase transformation occurred in the second heat treatment steps. Process management enables efficiency was greatly improved and at the same time reducing production costs. "Despite our success is still in its initial stage, but it shows that our R & D investment and expansion of walking in the right direction," Fath said.
Centrotherm over the first set of annual production capacity of 30MW of CIGS thin-film battery turnkey production lines have been a customer in Asia to adopt, and rapid mass production. The goal is that in 2009 the use of 1.5m ² of substrate manufacturing, which will be the first, currently the largest manufacturer in the mass production of CIGS components.
Aug. 11, 2009
Centrotherm photovoltaics solar silicon, crystalline silicon thin-film CIGS solar cells and components of the production equipment and technology providers, is committed to the film sector to reduce the cost per watt of solar cells. Centrotherm have in the CIGS thin-film technology leading conversion efficiency, can provide customers high-efficiency, lower production costs. In addition, with other manufacturing techniques, the new manufacturing process for CIGS components of the process does not require toxic gases.
"Has been obtained in the laboratory, the efficiency of thin-film components demonstrated the potential advantages of the technology. However, the current challenge is how to make the technology from the laboratory into mass production in large-scale," Centrotherm photovoltaics's CTO Peter Fath Dr.说. "We in the CIGS technology has the advantage of being simple and robust process management, and easy to choose from small-volume production line process into more steps."
Centrotherm photovoltaics Group Blaubeuren have CIGS a complete production line, from 2008 pre-production film components 0.1m ², and R & D experimental film here.
Blaubeuren experts from the use of 1.5m ² of photovoltaic components, because it can target to achieve the optimal efficiency of production and assembly costs, and thus enable customers to long-term access to highly competitive production conditions. Components using the glass - the glass sandwich structure, and based on the company's patented two-step process. A first step, remove the metal workshop in the sputtered film. CIGS phase transformation occurred in the second heat treatment steps. Process management enables efficiency was greatly improved and at the same time reducing production costs. "Despite our success is still in its initial stage, but it shows that our R & D investment and expansion of walking in the right direction," Fath said.
Centrotherm over the first set of annual production capacity of 30MW of CIGS thin-film battery turnkey production lines have been a customer in Asia to adopt, and rapid mass production. The goal is that in 2009 the use of 1.5m ² of substrate manufacturing, which will be the first, currently the largest manufacturer in the mass production of CIGS components.
Aug. 11, 2009
CECIC and Suntech Power signed a strategic cooperation agreement
China Energy Conservation Investment Corporation (CECIC) and the world's largest crystalline silicon PV modules manufacturer Suntech Power Holdings Co., Ltd. recently signed a strategic cooperation agreement and plan for the future 5 years to develop solar energy projects.
In this cooperation, CECIC will have primary responsibility for investment and development, Suntech Power is primarily responsible for crystalline silicon photovoltaic cells to provide components, systems design and technical services. The two companies plan to focus on the development of 5 years international, China's domestic large-scale grid projects, the integration of urban construction of photovoltaic (BIPV) projects, in remote areas without electricity independent photovoltaic power generation projects and landscape projects complement each other and the network station.
Wang Xiaokang, general manager of CECIC said that the national and the provincial government introduced policies aimed at the solar renewable energy through the development of environmentally sustainable development to achieve the great goal. Suntech Power and the establishment of the partnership is that we in the implementation of government policies with regard to the important step out. "
Suntech Power, chairman and CEO Shi Zengrong said, "China's energy-saving in the project finance and development experience, combined with Suntech Power efficient solutions for the development of China's solar energy project to build a solid foundation. The use of solar power generation, on the one hand can reduce greenhouse gas emissions, on the other hand, would be able to meet the energy needs of the Chinese market. "
Aug. 9, 2009
In this cooperation, CECIC will have primary responsibility for investment and development, Suntech Power is primarily responsible for crystalline silicon photovoltaic cells to provide components, systems design and technical services. The two companies plan to focus on the development of 5 years international, China's domestic large-scale grid projects, the integration of urban construction of photovoltaic (BIPV) projects, in remote areas without electricity independent photovoltaic power generation projects and landscape projects complement each other and the network station.
Wang Xiaokang, general manager of CECIC said that the national and the provincial government introduced policies aimed at the solar renewable energy through the development of environmentally sustainable development to achieve the great goal. Suntech Power and the establishment of the partnership is that we in the implementation of government policies with regard to the important step out. "
Suntech Power, chairman and CEO Shi Zengrong said, "China's energy-saving in the project finance and development experience, combined with Suntech Power efficient solutions for the development of China's solar energy project to build a solid foundation. The use of solar power generation, on the one hand can reduce greenhouse gas emissions, on the other hand, would be able to meet the energy needs of the Chinese market. "
Aug. 9, 2009
GT Solar International announced the first quarter of fiscal year 2010 report
GT Solar International, Inc. (NASDAQ: SOLR) ( "GT Solar"), a global provider of specialized equipment and technology for the solar power industry, today reported results for its first quarter of fiscal year 2010, which ended June 27, 2009 . Revenue for the first fiscal quarter totaled $ 71.8 million, compared with $ 57.1 million in the first quarter of fiscal year 2009. Revenue for the first fiscal quarter included $ 19.9 million in the PV segment and $ 51.9 million in the polysilicon segment.
Gross profit for the quarter totaled $ 35.0 million, or 49 percent of revenue, compared to $ 24.3 million, or 43 percent of revenue, for the first quarter of fiscal year 2009. Operating margin for the quarter was 21.7 percent, compared to 14 percent in the first quarter of fiscal 2009. The company had net income of $ 7.8 million in the first quarter of fiscal 2010 versus $ 5.1 million for the same quarter of fiscal 2009. Earnings per share in the first quarter on a fully-diluted basis were $ 0.05, versus $ 0.03 for the same quarter last year.
At quarter's end, the company's backlog was $ 1.12 billion, with $ 330 million in the PV segment and $ 785 million in the polysilicon segment. Net bookings for the quarter were $ 9.8 million.
Management Commentary
"We saw a number of positive developments in the first quarter including solid profitability, increases in our cash position and deferred revenue balance, new PV bookings and the acceptance of another GT turnkey wafer fabrication line," said Tom Zarrella, president and chief executive officer . "As planned, we completed shipment of a significant portion of the reactor-based backlog that is expected to be recognized as revenue in the second half of the year.
"The company is focused on improving operating efficiencies, maintaining cash and a strong balance sheet, strengthening customer relationships and ensuring that our R & D continues to advance GT Solar's technology leadership," said Zarrella. "We are confident that, with our cash management practices, lean cost structure, and flexible business model, we will be in a position to deliver enhanced earnings performance when the industry's growth returns. "
Business Outlook
The company indicated today that it is on track with its guidance provided last quarter for fiscal year ending April 3, 2010, for revenue of $ 450 million to $ 550 million and fully-diluted earnings per share of $ 0.45 to $ 0.60.
Conference Call, Webcast
The company will host a live conference call and webcast at 5:00 pm Eastern Time today with Tom Zarrella, president and chief executive officer, and Rich Johnson, vice president of finance.
To listen to the conference call, callers in the United States and Canada may dial 1-888-396-2384. International callers may dial 1-617-847-8711. The conference call passcode is SOLR. A link to the live audio webcast of the company's earnings conference call may be found under 'Events' at http://investor.gtsolar.com/.
A telephone replay will be available through November 4, 2009. To listen to the replay, callers in the United States and Canada may dial 1 - 888-286-8010. International callers may dial 1 - 617-801-6888. The replay passcode is 33310487.
About GT Solar International, Inc.
GT Solar International, Inc. (NASDAQ: SOLR) is a leading global provider of specialized manufacturing equipment and technology essential for the production of photovoltaic wafers, cells and modules and polysilicon utilized in the solar power industry. The company's principal products are directional solidification systems and chemical vapor deposition reactors and related equipment. For more information about GT Solar, please visit the company's website at www.gtsolar.com.
Gross profit for the quarter totaled $ 35.0 million, or 49 percent of revenue, compared to $ 24.3 million, or 43 percent of revenue, for the first quarter of fiscal year 2009. Operating margin for the quarter was 21.7 percent, compared to 14 percent in the first quarter of fiscal 2009. The company had net income of $ 7.8 million in the first quarter of fiscal 2010 versus $ 5.1 million for the same quarter of fiscal 2009. Earnings per share in the first quarter on a fully-diluted basis were $ 0.05, versus $ 0.03 for the same quarter last year.
At quarter's end, the company's backlog was $ 1.12 billion, with $ 330 million in the PV segment and $ 785 million in the polysilicon segment. Net bookings for the quarter were $ 9.8 million.
Management Commentary
"We saw a number of positive developments in the first quarter including solid profitability, increases in our cash position and deferred revenue balance, new PV bookings and the acceptance of another GT turnkey wafer fabrication line," said Tom Zarrella, president and chief executive officer . "As planned, we completed shipment of a significant portion of the reactor-based backlog that is expected to be recognized as revenue in the second half of the year.
"The company is focused on improving operating efficiencies, maintaining cash and a strong balance sheet, strengthening customer relationships and ensuring that our R & D continues to advance GT Solar's technology leadership," said Zarrella. "We are confident that, with our cash management practices, lean cost structure, and flexible business model, we will be in a position to deliver enhanced earnings performance when the industry's growth returns. "
Business Outlook
The company indicated today that it is on track with its guidance provided last quarter for fiscal year ending April 3, 2010, for revenue of $ 450 million to $ 550 million and fully-diluted earnings per share of $ 0.45 to $ 0.60.
Conference Call, Webcast
The company will host a live conference call and webcast at 5:00 pm Eastern Time today with Tom Zarrella, president and chief executive officer, and Rich Johnson, vice president of finance.
To listen to the conference call, callers in the United States and Canada may dial 1-888-396-2384. International callers may dial 1-617-847-8711. The conference call passcode is SOLR. A link to the live audio webcast of the company's earnings conference call may be found under 'Events' at http://investor.gtsolar.com/.
A telephone replay will be available through November 4, 2009. To listen to the replay, callers in the United States and Canada may dial 1 - 888-286-8010. International callers may dial 1 - 617-801-6888. The replay passcode is 33310487.
About GT Solar International, Inc.
GT Solar International, Inc. (NASDAQ: SOLR) is a leading global provider of specialized manufacturing equipment and technology essential for the production of photovoltaic wafers, cells and modules and polysilicon utilized in the solar power industry. The company's principal products are directional solidification systems and chemical vapor deposition reactors and related equipment. For more information about GT Solar, please visit the company's website at www.gtsolar.com.
Amorphous silicon thin-film battery Qssolar announced that the price of 1 USD / W
China's amorphous silicon thin film solar cell manufacturer announced yesterday that Qssolar since August 3rd, the Qssolar amorphous silicon thin-film battery has reached worldwide sales price of 1 U.S. dollars per watt. This is the field of photovoltaic components lowest in the world price.
Qssolar company said that the use of its thin-film battery components and Qssolar help by supporting the integration of electrical power plants, such as stents, 1MW power plant total investment in less than two million U.S. dollars (not including the site and installation costs). The construction of PV power station this price and the service life of 25 years, the California construction cost of photovoltaic power generation power plant is only 0.07 U.S. dollars / kWh, plus bank interest, maintenance costs and property owners profit, power generation costs will be lower than 0.10 U.S. dollars / kWh. Accordingly, the cost of photovoltaic power generation and thermal power price will be the same within a year or two become a reality.
In addition, Qssolar yesterday also suggested the next two years sales of solar cell market target price: sale price in 2011 dollars 0.80-0.85 / W, in 2012 price 0.65 U.S. dollars / watt, while thin-film battery 2012 Qssolar cost will fall to 0.50 U.S. dollars / W .
Aug. 5, 2009
Qssolar company said that the use of its thin-film battery components and Qssolar help by supporting the integration of electrical power plants, such as stents, 1MW power plant total investment in less than two million U.S. dollars (not including the site and installation costs). The construction of PV power station this price and the service life of 25 years, the California construction cost of photovoltaic power generation power plant is only 0.07 U.S. dollars / kWh, plus bank interest, maintenance costs and property owners profit, power generation costs will be lower than 0.10 U.S. dollars / kWh. Accordingly, the cost of photovoltaic power generation and thermal power price will be the same within a year or two become a reality.
In addition, Qssolar yesterday also suggested the next two years sales of solar cell market target price: sale price in 2011 dollars 0.80-0.85 / W, in 2012 price 0.65 U.S. dollars / watt, while thin-film battery 2012 Qssolar cost will fall to 0.50 U.S. dollars / W .
Aug. 5, 2009
Spain's new large-scale photovoltaic power plants more than 600
2008 worldwide more than 1,000 new large-scale photovoltaic power stations have been established, and the formation of the League of power network. Among them, the construction of many power plants can be divided into many stages of construction, so taking into account the power station is under construction, the total will be higher. Union network in the power station, power station in Spain accounted for about 600, Germany and the United Kingdom occupy more than 120, respectively. It is also worth mentioning that the roof of the Belgian installation of solar power generation equipment and the Czech Republic, open-air installation.
In Asia, South Korea in 2008 with more installation of photovoltaic power generation equipment and the top rate. In Europe, in 2008 the number of photovoltaic power generation equipment installed in more than 800 countries have been on the rise. There are also 1500 power station is under construction. United States, with more than 400 photovoltaic power stations, the world's second-largest in the world.
Aug. 4, 2009
In Asia, South Korea in 2008 with more installation of photovoltaic power generation equipment and the top rate. In Europe, in 2008 the number of photovoltaic power generation equipment installed in more than 800 countries have been on the rise. There are also 1500 power station is under construction. United States, with more than 400 photovoltaic power stations, the world's second-largest in the world.
Aug. 4, 2009
First Solar first half revenue growth of 103.5%
The world's thin-film solar module manufacturer First Solar 7 on 30 announced Q2 results: revenue in 2008 from 267 million U.S. dollars during the same period grew 97 percent to 525.9 million U.S. dollars. First Solar2009 in the first quarter revenues of 418.2 million U.S. dollars, an increase of 112%. Taking all these data, the first half of 2009, the First Solar reached 944.1 million U.S. dollars in revenue, an increase of 103.5%.
First Solar full year 2008 revenues of 1,246,300,000 U.S. dollars, while in 2009 the first half of First Solar's revenue reached 944.1 million U.S. dollars, and this results in the first half of the overall downturn in the industry under the condition achieved by This shows that the company's strong market competitiveness. Business degrees in the industry gradually picked up under the good, First Solar's performance in the second half looking forward to more.
Declining cost of First Solar is continuing to strengthen the competitiveness of the root of the problem. 4-quarter 2008 average production of First Solar's cost has been reduced to 0.98 U.S. dollars per watt, is the world's first production cost is lower than 1 U.S. dollars per watt of solar energy companies. At present, the First Solar manufacturing cost per watt has slipped to 0.87 U.S. dollars.
In addition, First Solar had previously said that the plan in 2014 its CdTe thin film solar cell module manufacturing costs per watt will reach 0.52 ~ 0.63 U.S. dollars, compared to the current 0.93 U.S. dollars-per-watt cost of about 30 ~ 40% decline in conversion efficiency from the current 10.9 % try for to 12.5%, 1.6 percentage points to upgrade.
First Soalr as a result of strong performance, well-known management consulting firm Navigant Consulting has estimated that in 2009 will exceed China's First Solar and Suntech Power Japan's Sharp to become the world's largest manufacturers of photovoltaic components. In the production of solar cells, First Solar is also expected to more than Germany's Q-Cells, the world's largest manufacturer of solar cells.
Aug. 3, 2009
First Solar full year 2008 revenues of 1,246,300,000 U.S. dollars, while in 2009 the first half of First Solar's revenue reached 944.1 million U.S. dollars, and this results in the first half of the overall downturn in the industry under the condition achieved by This shows that the company's strong market competitiveness. Business degrees in the industry gradually picked up under the good, First Solar's performance in the second half looking forward to more.
Declining cost of First Solar is continuing to strengthen the competitiveness of the root of the problem. 4-quarter 2008 average production of First Solar's cost has been reduced to 0.98 U.S. dollars per watt, is the world's first production cost is lower than 1 U.S. dollars per watt of solar energy companies. At present, the First Solar manufacturing cost per watt has slipped to 0.87 U.S. dollars.
In addition, First Solar had previously said that the plan in 2014 its CdTe thin film solar cell module manufacturing costs per watt will reach 0.52 ~ 0.63 U.S. dollars, compared to the current 0.93 U.S. dollars-per-watt cost of about 30 ~ 40% decline in conversion efficiency from the current 10.9 % try for to 12.5%, 1.6 percentage points to upgrade.
First Soalr as a result of strong performance, well-known management consulting firm Navigant Consulting has estimated that in 2009 will exceed China's First Solar and Suntech Power Japan's Sharp to become the world's largest manufacturers of photovoltaic components. In the production of solar cells, First Solar is also expected to more than Germany's Q-Cells, the world's largest manufacturer of solar cells.
Aug. 3, 2009
The Japan government to develop "the best in the world to the Project Sunshine"
The Japan government plans to develop its own solar energy known as "the best in the world to the Project Sunshine."
Since January this year, the Japanese government to restart the implementation of subsidies for the purchase of solar equipment has been there are 45,000 residents in applying for the installation of solar panels in households. The central government to install solar panels on subsidies from ¥ 210,000 to ¥ 250,000 range, local governments also have the corresponding subsidies.
Now, in order to promote the domestic solar power generation, the Government of Japan provides that the purchase of solar power plants generate electricity from the family to double the price. It can be foreseen that the new regulations also will greatly encourage the development of domestic solar power generation.
It is estimated that by 2020, the Japanese import of household solar power generation capacity of 10 times the current, and will be further expanded in 2030 to 40 times. At the same time, the Government will be used to 3-5 years to reduce the import cost of solar power generation, reduced to half the current level, the promotion of solar cells in Japan, as well as growing popularity of overseas sales.
By then, Japan's solar power industry will reach 10 trillion yen. The number of employees in industry employment from the current 1.2 million people in 2020 to 11 million people, solar energy industry will provide 98,000 jobs.
Aug. 2, 2009
Since January this year, the Japanese government to restart the implementation of subsidies for the purchase of solar equipment has been there are 45,000 residents in applying for the installation of solar panels in households. The central government to install solar panels on subsidies from ¥ 210,000 to ¥ 250,000 range, local governments also have the corresponding subsidies.
Now, in order to promote the domestic solar power generation, the Government of Japan provides that the purchase of solar power plants generate electricity from the family to double the price. It can be foreseen that the new regulations also will greatly encourage the development of domestic solar power generation.
It is estimated that by 2020, the Japanese import of household solar power generation capacity of 10 times the current, and will be further expanded in 2030 to 40 times. At the same time, the Government will be used to 3-5 years to reduce the import cost of solar power generation, reduced to half the current level, the promotion of solar cells in Japan, as well as growing popularity of overseas sales.
By then, Japan's solar power industry will reach 10 trillion yen. The number of employees in industry employment from the current 1.2 million people in 2020 to 11 million people, solar energy industry will provide 98,000 jobs.
Aug. 2, 2009
Luxembourg Institute developed a conversion rate of 12% of the CIGS solar cells
Luxembourg Institute of the University developed a solar cell conversion efficiency of 12% of the CIGS (Cu, In, Ga, Se)-based solar cell modules. The Institute is located in Luxembourg at the University of TDK's industry-university co-operative research projects "TDK Europe Professorship" under the framework in April 2007 established. Mainly engaged in the new solar cell materials and manufacturing process development.
In order to enhance solar cell conversion efficiency of the Institute, developed a thin-film solar cell absorption layers and isolation layers. The future will be located at the Institute in Berlin, Germany, Helmholtz-Zentrum Munchen layer to develop the use of these solar cells.
In addition, the Institute has also successfully developed a non-high In the solar cell. Manufacturing methods can be used in the plating method to reduce costs. Conversion efficiency of 3.2%. According to the Institute of solar cells that use the same kinds of material conversion efficiency of solar cells is the world record of 3.4 percent.
Jul. 31, 2009
In order to enhance solar cell conversion efficiency of the Institute, developed a thin-film solar cell absorption layers and isolation layers. The future will be located at the Institute in Berlin, Germany, Helmholtz-Zentrum Munchen layer to develop the use of these solar cells.
In addition, the Institute has also successfully developed a non-high In the solar cell. Manufacturing methods can be used in the plating method to reduce costs. Conversion efficiency of 3.2%. According to the Institute of solar cells that use the same kinds of material conversion efficiency of solar cells is the world record of 3.4 percent.
Jul. 31, 2009
Excess production capacity of solar energy market prices down
iSuppli recently reported that the global solar energy industry is facing weak demand by the end of 2008, it has been unable to effectively control the problem of excess production capacity, resulting in declining prices. Statistics show that in 2009 Q1 the average of the overall solar industry stocks reached 122 days the number of days than the same period in 2008 increased 48 days, an increase of up to 65%.
Henning Wicht analyst at iSuppli, said the 65 percent average increase in the number of days inventory is equivalent to the global solar energy industry in 1 year more than one and a half out of stock. According to current trends, the future there will be more industry into solar industry, then the situation of excess production capacity even more serious, I am afraid, can not be expected to rebound in the short term prices.
iSuppli said that the recent investment in a number of polysilicon suppliers to set up new plants, in order to cost-recovery had to maintain a certain production capacity, excess capacity is created one of the reasons why. iSuppli estimates the price of polysilicon by the end of 2009 will fall to 50 U.S. dollars per kilogram, and the beginning of the 180 U.S. dollars per kilogram compared to the price, fell as much as 72%.
Yingli, REC, SolarWorld, such as integrating suppliers in this wave of trends in the solar energy industry has become the hardest hit by the industry. These industry single-handedly from the polysilicon, wafer to solar cell supply chain, so in the past had the advantage of adequate resources. However, by the end of 2008 to combat the global downturn after the market demand, integrated business model instead of the various aspects of mutual containment, resulting in this type of industry has not been able to make contingency plans.
Solar cell and module manufacturers to the same serious injuries. iSuppli data showed that a quarter of the first solar cells and modules to meet the average number of days inventory 105 days, 3 more than the first quarter of 2008 increased 58 days, mainly in the demand for the industry must live up to after declining earlier and upstream suppliers to sign the orders due to .
Compared to the horrors downstream manufacturers, suppliers of polysilicon and wafer upstream industry, such as relatively minor trauma. The links in the first quarter a number of days the average inventory of 98 days, only to increase over the same period in 2008 than in 24 days.
Jul. 30, 2009
Henning Wicht analyst at iSuppli, said the 65 percent average increase in the number of days inventory is equivalent to the global solar energy industry in 1 year more than one and a half out of stock. According to current trends, the future there will be more industry into solar industry, then the situation of excess production capacity even more serious, I am afraid, can not be expected to rebound in the short term prices.
iSuppli said that the recent investment in a number of polysilicon suppliers to set up new plants, in order to cost-recovery had to maintain a certain production capacity, excess capacity is created one of the reasons why. iSuppli estimates the price of polysilicon by the end of 2009 will fall to 50 U.S. dollars per kilogram, and the beginning of the 180 U.S. dollars per kilogram compared to the price, fell as much as 72%.
Yingli, REC, SolarWorld, such as integrating suppliers in this wave of trends in the solar energy industry has become the hardest hit by the industry. These industry single-handedly from the polysilicon, wafer to solar cell supply chain, so in the past had the advantage of adequate resources. However, by the end of 2008 to combat the global downturn after the market demand, integrated business model instead of the various aspects of mutual containment, resulting in this type of industry has not been able to make contingency plans.
Solar cell and module manufacturers to the same serious injuries. iSuppli data showed that a quarter of the first solar cells and modules to meet the average number of days inventory 105 days, 3 more than the first quarter of 2008 increased 58 days, mainly in the demand for the industry must live up to after declining earlier and upstream suppliers to sign the orders due to .
Compared to the horrors downstream manufacturers, suppliers of polysilicon and wafer upstream industry, such as relatively minor trauma. The links in the first quarter a number of days the average inventory of 98 days, only to increase over the same period in 2008 than in 24 days.
Jul. 30, 2009
LDK Solar: The first batch of 5,000 tons of polysilicon projects are under test
Recently, LDK Solar's annual production capacity of 15,000 tons of polysilicon a world-class project to make significant progress, the first batch of 5,000 tons of project construction and installation of equipment has been completed.
It is reported that the first batch of 5,000 tons of polysilicon projects have been completed public facilities, infrastructure and external facilities, the basic completion of all facilities systems before and after the test, so as to pre-production ready. LDK Solar in the second half will focus on the achievement of the first batch of 5,000 tons of projects to achieve the goal of full load operation.
Jul. 26,2009
It is reported that the first batch of 5,000 tons of polysilicon projects have been completed public facilities, infrastructure and external facilities, the basic completion of all facilities systems before and after the test, so as to pre-production ready. LDK Solar in the second half will focus on the achievement of the first batch of 5,000 tons of projects to achieve the goal of full load operation.
Jul. 26,2009
Sanyo Electric will be available for sale at 20% conversion rate of solar panels
21 Nikkei Shimbun reported that Japan's Sanyo Electric is expected to fall in Europe in 2009, a photoelectric conversion rate of sale up to 20% of the solar panel, which SunPower will be following the U.S. after the first sale of two up to 20% conversion rate mass production of solar panel manufacturers; SunPower is now available for sale at a conversion rate of up to 21% of solar panels, Sanyo Electric current produced by solar panels, compared with the highest conversion rate of 19.7 percent.
Reported that, Sanyo Electric is also planning to spring 2010 in Japan and North America, the sale of the above-mentioned solar panels and plans to launch next spring, and then up to 21% conversion rate of solar panels.
Sanyo Electric announced in May this year, has successfully developed a new technology can be practical size (100 cm or more) of the HIT solar cell of the photoelectric conversion efficiency to 23.0% (currently 22.3%), reaching the highest in the world level.
Jul. 22,2009
Reported that, Sanyo Electric is also planning to spring 2010 in Japan and North America, the sale of the above-mentioned solar panels and plans to launch next spring, and then up to 21% conversion rate of solar panels.
Sanyo Electric announced in May this year, has successfully developed a new technology can be practical size (100 cm or more) of the HIT solar cell of the photoelectric conversion efficiency to 23.0% (currently 22.3%), reaching the highest in the world level.
Jul. 22,2009
2008 Japanese film solar cell production capacity of 440.5MW
With the continuous advancement of technology, thin film photovoltaic solar cell conversion efficiency was rapidly rising, now more than 2 years ago raised about -40% 30%, although in comparison with crystalline silicon cells have very different, but the materials used small, simple, low energy consumption and the cost advantage is increasingly being accepted by the industry. So almost 3 years, thin-film solar cell industry developed rapidly.
As traditional manufacturing power and solar energy, the Japanese in the development of thin film solar cells are also spared no effort. In 2008 as a result of global demand for silicon raw material prices lead to boom, the Japanese solar cell manufacturers have transferred to low-cost thin film materials sectors. For consultants in the research department of the latest energy industry that in 2008 Japanese film solar cell production capacity of 440.5MW, an increase of 133.7%.
Another good news is that June 24 the United States the world's leading thin-film solar FirstSoalr legal description in Las Vegas said the plan to 2014 thin-film CdTe solar cell module manufacturing costs per watt will reach 0.52 ~ 0.63 U.S. dollars, which per watt than the current cost of about 0.93 U.S. dollars fell 30 ~ 40% conversion efficiency rose to 10.9 percent from the current 12.5 percent, 1.6 percentage points to upgrade.
Jul. 18,2009
As traditional manufacturing power and solar energy, the Japanese in the development of thin film solar cells are also spared no effort. In 2008 as a result of global demand for silicon raw material prices lead to boom, the Japanese solar cell manufacturers have transferred to low-cost thin film materials sectors. For consultants in the research department of the latest energy industry that in 2008 Japanese film solar cell production capacity of 440.5MW, an increase of 133.7%.
Another good news is that June 24 the United States the world's leading thin-film solar FirstSoalr legal description in Las Vegas said the plan to 2014 thin-film CdTe solar cell module manufacturing costs per watt will reach 0.52 ~ 0.63 U.S. dollars, which per watt than the current cost of about 0.93 U.S. dollars fell 30 ~ 40% conversion efficiency rose to 10.9 percent from the current 12.5 percent, 1.6 percentage points to upgrade.
Jul. 18,2009
European enterprises to invest 400 billion euros to build solar power plant
July 13, to Munich Re and Siemens AG, led by 12 large companies in Munich, Germany signed a cooperation letter of intent to set up "Desertec Industrial Initiative" (DII), to invest some 400 billion euros, the Sahara Desert in Africa to build solar power plant , this will be the world's largest solar energy project.
12 plans will be set up before October this year, DII, and the feasibility of the 3 year plan by 2050 to meet the energy requirements of Europe 15%.
Sahara Desert is the world's most abundant sunlight areas. Siemens said that if there into a 300 by 300 km area of the "parabolic mirror zone" may meet the energy needs of the entire planet. Therefore, the past few years, European scientists have been active on this project.
Obvious benefits of this project is the development of clean energy, but the cost is very high. Therefore, it is signed or the technology leader in the financial strength of large companies, in addition to the above-mentioned two companies, the contract also includes Deutsche Bank, Germany, "Hamburg, Schleswig-Holstein North Bank", Germany's two major energy companies, "intended to Ang" and "Rhine", ABB Switzerland, as well as a number of solar energy specialist.
Jul. 14,2009
12 plans will be set up before October this year, DII, and the feasibility of the 3 year plan by 2050 to meet the energy requirements of Europe 15%.
Sahara Desert is the world's most abundant sunlight areas. Siemens said that if there into a 300 by 300 km area of the "parabolic mirror zone" may meet the energy needs of the entire planet. Therefore, the past few years, European scientists have been active on this project.
Obvious benefits of this project is the development of clean energy, but the cost is very high. Therefore, it is signed or the technology leader in the financial strength of large companies, in addition to the above-mentioned two companies, the contract also includes Deutsche Bank, Germany, "Hamburg, Schleswig-Holstein North Bank", Germany's two major energy companies, "intended to Ang" and "Rhine", ABB Switzerland, as well as a number of solar energy specialist.
Jul. 14,2009
Wells Fargo Bank and co-operation SunPower solar projects
Recently, Wells Fargo Bank and the German SunPower Corporation announced that it would build a commercial solar energy projects, total investment is expected to reach 100 million U.S. dollars.
It is reported that the project's power system from SunPower Corporation throughout the design, construction, operation and maintenance, is responsible for Wells Fargo to raise project funding. In addition, SunPower will be eligible customers with the signing of power purchase agreements, these customers can be a long-term low-cost companies from buying electricity from SunPower.
The first phase of the project, including an installed capacity of 1.1 megawatts, respectively, and two 1-megawatt solar power system, which is scheduled for completion by the end of this year. They will install the SunPower Introduces T20 rotary tracking system can be fixed-tilt ground systems than collecting 30 percent more energy.
SunPower has installed more than 500 contracts have been signed or the large-scale public and commercial solar power system, with a total installed capacity of more than 400 megawatts.
Wells Fargo Bank since 2006 a total of renewable energy projects to provide more than 1.75 billion U.S. dollars in loans. This includes 27 wind energy projects, more than 150 commercial solar energy projects and a multi-function solar heating project.
Jul. 10,2009
It is reported that the project's power system from SunPower Corporation throughout the design, construction, operation and maintenance, is responsible for Wells Fargo to raise project funding. In addition, SunPower will be eligible customers with the signing of power purchase agreements, these customers can be a long-term low-cost companies from buying electricity from SunPower.
The first phase of the project, including an installed capacity of 1.1 megawatts, respectively, and two 1-megawatt solar power system, which is scheduled for completion by the end of this year. They will install the SunPower Introduces T20 rotary tracking system can be fixed-tilt ground systems than collecting 30 percent more energy.
SunPower has installed more than 500 contracts have been signed or the large-scale public and commercial solar power system, with a total installed capacity of more than 400 megawatts.
Wells Fargo Bank since 2006 a total of renewable energy projects to provide more than 1.75 billion U.S. dollars in loans. This includes 27 wind energy projects, more than 150 commercial solar energy projects and a multi-function solar heating project.
Jul. 10,2009
China encourages foreign investment in China's new energy
July 5, the Chinese National Development and Reform Commission Zhang Xiaoqiang, deputy director of yesterday (July 4) at the "summit of global think tank" at the forum said that from now on four aspects of the Chinese government will promote foreign direct investment (FDI) the stability of development, including encouragement of foreign investment to invest in new energy.
Zhang Xiaoqiang said that the Chinese government will be combined with dozens of domestic industrial restructuring and revitalization of the planning, improve the foreign investment in the industry-oriented policies to encourage foreign businessmen to invest in new energy industries, advanced manufacturing, high-tech industries, infrastructure construction, energy conservation and environmental protection and modern services industries, and encourage the establishment of a number of multinational corporations in China headquarters, R & D centers, procurement centers, financial management center, clearing house functions of institutions.
However, not all Chinese FDI does not have to resist, said Zhang Xiaoqiang, the Chinese government will stick to improve the quality of using foreign capital to continue to strictly control the two high and one foreign-funded investment projects, "and we do not agree to such items from China's coastal areas to the transfer of the Mainland China. "
The promotion of FDI in the third, the will come from the Chinese government decentralization. Zhang Xiaoqiang said that the Chinese government is considering a significant decentralization of the local foreign investment project approval authority, at the same time, foreign investors will also guide domestic enterprises to participate in the transformation of the system to encourage and guide foreign venture capital institutions and venture capital institutions in China to increase such cooperation.
Jul. 6, 2009
Zhang Xiaoqiang said that the Chinese government will be combined with dozens of domestic industrial restructuring and revitalization of the planning, improve the foreign investment in the industry-oriented policies to encourage foreign businessmen to invest in new energy industries, advanced manufacturing, high-tech industries, infrastructure construction, energy conservation and environmental protection and modern services industries, and encourage the establishment of a number of multinational corporations in China headquarters, R & D centers, procurement centers, financial management center, clearing house functions of institutions.
However, not all Chinese FDI does not have to resist, said Zhang Xiaoqiang, the Chinese government will stick to improve the quality of using foreign capital to continue to strictly control the two high and one foreign-funded investment projects, "and we do not agree to such items from China's coastal areas to the transfer of the Mainland China. "
The promotion of FDI in the third, the will come from the Chinese government decentralization. Zhang Xiaoqiang said that the Chinese government is considering a significant decentralization of the local foreign investment project approval authority, at the same time, foreign investors will also guide domestic enterprises to participate in the transformation of the system to encourage and guide foreign venture capital institutions and venture capital institutions in China to increase such cooperation.
Jul. 6, 2009
The global solar energy industry in the second quarter was 330 million USD VC
Research institutions on GreenTech6 report released on the 30th showed that the second quarter of 2009 venture capital in the global investment in solar energy to 17 the number of investment of 330 million U.S. dollars. The report also shows that the second quarter of the global venture capital investment in green technology amounted to 1.2 billion U.S. dollars, up 43 percent than the Central, the first quarter of this figure was only 836 million U.S. dollars. In addition, venture capital for the second quarter of the global automotive and transportation industry for eight investment transactions, investment of 205 million U.S. dollars; bio-fuels, clean coal gasification and the investment amount and the amount of 12 and 195 million U.S. dollars; investment in battery for the 10 and 181 million U.S. dollars.
Since the second quarter, the global solar energy industry business was significantly improved, in addition to the above-mentioned venture capital has been favored, the problem of financing of solar energy companies have also gradually eliminate the problem. The latest news is that June 25, Standard Chartered Bank (China) Co., Ltd. announced that for Trina Solar Co., Ltd. China 57 million U.S. dollars to provide credit lines for trade finance and foreign exchange hedge products. The Trina Solar will credit the purchase of raw materials and product sales to provide financial support to help them hedge market volatility due to foreign exchange risk arising. June 30, China's Suntech Power announced that it has a member of IFC and the World Bank Group, signed a 50 million U.S. dollars of convertible bonds agreement. The loan to support the high conversion rate Tak technology - Pluto technology, production expansion plans and re-financing needs.
In addition to solar energy enterprises in China outside of the recent financing, SPG Holdings LLC today announced the adoption of global environmental protection funds (Global Environment Fund) and the completion of Robeco a 13 million U.S. dollars in equity financing.
Jul. 2, 2009
Since the second quarter, the global solar energy industry business was significantly improved, in addition to the above-mentioned venture capital has been favored, the problem of financing of solar energy companies have also gradually eliminate the problem. The latest news is that June 25, Standard Chartered Bank (China) Co., Ltd. announced that for Trina Solar Co., Ltd. China 57 million U.S. dollars to provide credit lines for trade finance and foreign exchange hedge products. The Trina Solar will credit the purchase of raw materials and product sales to provide financial support to help them hedge market volatility due to foreign exchange risk arising. June 30, China's Suntech Power announced that it has a member of IFC and the World Bank Group, signed a 50 million U.S. dollars of convertible bonds agreement. The loan to support the high conversion rate Tak technology - Pluto technology, production expansion plans and re-financing needs.
In addition to solar energy enterprises in China outside of the recent financing, SPG Holdings LLC today announced the adoption of global environmental protection funds (Global Environment Fund) and the completion of Robeco a 13 million U.S. dollars in equity financing.
Jul. 2, 2009
Motech X-CELL conversion efficiency of solar cells above 17.5%
Motech Industrial Inc. Released, code-named X-CELL's new solar cell structure. X-CELL Jingjing structure system in a single cell mass production can be achieved on average more than 17.5 percent conversion efficiency. The patent-pending X-CELL technology uses a unique manufacturing process of the pile, you can enhance the battery inside the detention of the light so as to effectively enhance the photoelectric conversion efficiency. At the same time, in comparison to the traditional structure of the solar cells, X-CELL manufactures solar cells fragment also significantly reduced. Customers have access to the benefits of the dual.
Motech existing machines can be imported on the X-CELL technology, no additional capital expenditures to further consolidate the competitive edge in the market Motech.
Motech currently can supply X-CELL Jingjing五吋single battery system and is expected to launch in the third quarter of six inches, single X-CELL battery Jingjing system.
Jun. 28, 2009
Motech existing machines can be imported on the X-CELL technology, no additional capital expenditures to further consolidate the competitive edge in the market Motech.
Motech currently can supply X-CELL Jingjing五吋single battery system and is expected to launch in the third quarter of six inches, single X-CELL battery Jingjing system.
Jun. 28, 2009
German company plans the construction of the Sahara desert in the world's largest solar power plant
News June 24, according to media reports, the sub-give the feeling of desolation, but the Sahara Desert is a treasure house of energy. As long as 0.3% to the development and construction of sub-solar power plant, will be able to meet the electricity needs of Europe. 20 next month, executives of large companies in Germany will be explored in sub-construction of the world's largest solar power plant planning and investment.
It is reported that the meeting is not only, but also in the Sahara desert to create the world's largest solar power plant project is a company called the Foundation to support the promotion of Desertec. The initiative of the Foundation set up in North Africa to reach an installed capacity of 100GW of solar power plants.
The construction of solar power plants to decentralized political stability in the North African countries, but from an overall consideration, it is the world's largest solar power plant projects, the Mojave Desert in California than in the United States plans to build solar power plants 80 times larger. The electricity generated by high voltage direct current transmission lines across the Mediterranean to Europe, alone, is just a electricity power plant will be able to meet the 15 percent of Europe's energy needs. The need for this power plant project 10 to 15 years to grid electricity, but the prospect of enticing many big companies want to take part.
Despite the current world financial crisis well, but the big German companies like Siemens, Deutsche Bank, the German energy giant RWE Energy Group and the insurance companies involved in the project have shown great interest. These large companies have claimed that the construction of the project can effectively fight against global warming trend, but in order to avoid a global energy crisis in 2050, these large companies want to start the project immediately. It is learned that the construction of such a large-scale solar power plant project to reach 400 billion euros to spend.
Jun. 24, 2009
It is reported that the meeting is not only, but also in the Sahara desert to create the world's largest solar power plant project is a company called the Foundation to support the promotion of Desertec. The initiative of the Foundation set up in North Africa to reach an installed capacity of 100GW of solar power plants.
The construction of solar power plants to decentralized political stability in the North African countries, but from an overall consideration, it is the world's largest solar power plant projects, the Mojave Desert in California than in the United States plans to build solar power plants 80 times larger. The electricity generated by high voltage direct current transmission lines across the Mediterranean to Europe, alone, is just a electricity power plant will be able to meet the 15 percent of Europe's energy needs. The need for this power plant project 10 to 15 years to grid electricity, but the prospect of enticing many big companies want to take part.
Despite the current world financial crisis well, but the big German companies like Siemens, Deutsche Bank, the German energy giant RWE Energy Group and the insurance companies involved in the project have shown great interest. These large companies have claimed that the construction of the project can effectively fight against global warming trend, but in order to avoid a global energy crisis in 2050, these large companies want to start the project immediately. It is learned that the construction of such a large-scale solar power plant project to reach 400 billion euros to spend.
Jun. 24, 2009
California will build the largest solar energy projects throughout the U.S.
News June 19, in order to vigorously develop renewable sources of energy, the Government of the United States, California, adopted a on the 18th largest U.S. solar energy development projects.
According to the plan, Edison will be responsible for the next 5 years in California's 150 commercial buildings to install solar roof panels, up to 875 million U.S. dollars investment. In addition, Edison will also commissioned private contractors, other commercial buildings in California's solar energy equipment installed on the roof.
According to Edison spokesman, after the completion of these projects, each year, enough to power 325,000 to meet household demand for electricity of life. Edison CEO, said the project is developing in California an important renewable energy initiatives, it is not only conducive to environmental protection, but will also create hundreds of California "green" job opportunities.
California Governor Arnold Schwarzenegger said California over the next few years will be one million solar energy equipment installed on the roof, and now the plan is to start gradually. He said that in response to global warming and energy shortages, the Government of California has developed a variety of efforts to develop long-term renewable energy goals, including the full use of solar energy.
Jun. 20, 2009
According to the plan, Edison will be responsible for the next 5 years in California's 150 commercial buildings to install solar roof panels, up to 875 million U.S. dollars investment. In addition, Edison will also commissioned private contractors, other commercial buildings in California's solar energy equipment installed on the roof.
According to Edison spokesman, after the completion of these projects, each year, enough to power 325,000 to meet household demand for electricity of life. Edison CEO, said the project is developing in California an important renewable energy initiatives, it is not only conducive to environmental protection, but will also create hundreds of California "green" job opportunities.
California Governor Arnold Schwarzenegger said California over the next few years will be one million solar energy equipment installed on the roof, and now the plan is to start gradually. He said that in response to global warming and energy shortages, the Government of California has developed a variety of efforts to develop long-term renewable energy goals, including the full use of solar energy.
Jun. 20, 2009
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