Week of June 29, 2009 |
Editor: C.V. Clute editor@epoverviews.com GT Solar introduces Silane Production Package (New Prod. & Tech.) GT Solar, a Merrimack, New Hampshire-based global provider of specialized equipment and technology for the solar power industry, has introduced its Silane Production Package which bundles GT Solar's silane technology expertise with its proprietary equipment enabling companies in the semiconductor, solar, and flat panel display industries to secure their own source of ultra pure silane gas using cost-effective, local production facilities.
(Source: Business Wire, June 23, 2009)
GE to open $100 million US Renewable Energy R&D facility in Michigan (Ind. Report) General Electric Corp. has announced plans to open a $100 million US R&D facility in Wayne County's Van Buren Township, 25 miles west of Detroit. About 1,200 scientists and engineers initially will be hired to develop manufacturing technologies for GE's renewable energy, aircraft engine, gas turbine and other products. (Source: AP, June 25, 2009) $204 mn US in Energy Program funds released - Cont'd. (Ind. Report - Funding) U.S. Department of Energy Secretary Steven Chu has announced more than $204 million US in Recovery Act funding to support energy efficiency and renewable energy projects in ten states under the State Energy Program (SEP). Additional funds will be provided to the states upon successful implementation of the programs as follows:
Additional details about this distribution of SEP funding were included in Friday's edition. (Source: U.S. DOE, June 24, 2009)
Notable Quote ... "We have seen other countries realize a critical truth: the nation that leads in the creation of a clean energy economy will be the nation that leads the 21st century global economy." - U.S. President Barack Obama (Source: AFP, June 28, 2009) Emcore to deliver 114 kW of Solar Power to PNM (G&C) Albuquerque, New Mexico-based Emcore Corporation has signed a 20-year deal with PNM of New Mexico to supply 114 kW of solar power to the grid from CPV systems installed next to Emcore's headquarters. Emcore is the first participant in PNM's distributed generation solar power program. PNM, a wholly owned subsidiary of PNM Resources, is New Mexico's largest electricity provider serving approximately 497,000 electricity customers statewide as well as selling electricity on the wholesale market. (Source: Semi Conductor, June 26, 2009)
Solar EnerTech signs $20 mn US German contract (Int'l - G&C) Menlo Park, California-based Solar EnerTech Corp. has signed a $20 million US contract to supply 10 MW of solar modules to German solar system integrator Solarzentrum Allgau. The shipments are bound for solar power installations in Germany and will be delivered through 2009. (Source: Trading Markets, June 29, 2009)
$96 mn US for State Energy Programs (Ind. Report - Funding) Continuing to roll out funds under the State Energy Program (SEP), U.S. DOE Secretary Steven Chu has announced more than $96 million in Recovery Act funding to support energy efficiency and renewable energy projects in Ohio, Oregon, Virginia and West Virginia. Initial funds of 40% have been authorized, 10% of total funding was previously available to states to support planning activities and the remaining funds will be provided upon successful implementation of the programs as follows:
30 MW order for Canadian Solar (Int'l - G&C) Markham, Ontario-headquartered Canadian Solar Inc. has received a purchase order from Systaic AG for 30 MW of solar modules to be delivered to Spain. This follows from a specific purchase order under a 60 MW annual supply agreement reached by the two companies in October of 2008. (Source: Marketwire, June 29, 2009)
$154 mn US for State Energy Programs (Funding) Continuing to roll out funds under the State Energy Program, U.S. DOE Secretary Steven Chu has announced more than $154 million in Recovery Act funding to support energy efficiency and renewable energy projects in California, Missouri, New Hampshire and North Carolina.
Initial funds of 40% have been authorized, with 10% of total funding previously available to states to support planning activities and the remaining funds will be provided to the states upon successful implementation of the programs as follows:
Wells Fargo to fund $100 mn US SunPower solar systems (G&C) Wells Fargo and SunPower Corp. are collaborating to fund up to $100 million US in SunPower commercial-scale solar systems whereby SunPower will enter into power purchase agreements with qualified customers who will host the solar power installations. SunPower will design, build and operate the systems and Wells Fargo will provide financing. The first projects financed under the agreement include a 1.1 MW system for University of California, Merced, and a 1 MW system for the Western Riverside County Regional Wastewater Authority; both are slated for completion by the end of 2009. (Source: Market Watch, June 29, 2009)
China Nuvo Solar acquires an array of PV technologies (M&A) China Nuvo Solar Energy, Inc. has acquired from Photovoltaics, Inc. a variety of solar technologies/inventions consisting of six provisional or utility patents. This intellectual property relates to enhancements of currently available technologies ranging from increases in output and efficiency to the use of lower cost newly discovered PV materials and processes. China Nuvo Solar Energy is currently developing a business model to exploit the value of these technologies and is finalizing the utility patents it has acquired. (Source: Business Wire, June 30, 2009)
Suntech Power Holdings borrows $50 mn US to advance "Pluto" technology (Ind. Report) China's Suntech Power Holdings, the world's largest manufacturer of crystalline silicon PV modules, indicates it has signed a $50 million US convertible loan agreement with the IFC, a member of the World Bank Group. The loan, at a fixed rate of 5 % per year, will be used to support Suntech's focus on its new "Pluto" technology for crystalline silicon solar cells that boosts power output by as much as 12 % compared to conventional methods and for debt refinancing requirements. (Source: Clean Tech, June 30, 2009)
Trina Solar glass supplier invests in production facility (Int'l - G&C) Trina Solar Limited, a leading integrated manufacturer of solar PV products from the production of ingots, wafers and cells to the assembly of PV modules, indicates that one of its key solar module glass suppliers, Beijing Hua Mei Dazheng Technology Co. Ltd., has signed an investment agreement to establish a production facility in the Changzhou Trina Photovoltaic Industrial Park adjacent to Trina Solar's manufacturing campus. Construction is planned to start in the second half of 2009, with production expected to begin in the first half of 2010. "Adding this key component supplier to the PV Park will support our goals to realize procurement and logistical advantages to accelerate our near term cost reduction initiatives," said Trina Solar's Chairman and CEO Jifan Gao. Earlier, Trina Solar Ltd received $57 million in new credit facilities to purchase raw materials, support sales and hedge its currency risk. (Source: PR Newswire, June 30, 2009/Reuters, June 25, 2009)
Low Carbon Accelerator invests $1.93 mn US in QuantaSol (Ind. Report - New Prod. & Tech.) U.K. alternative energy investor Low Carbon Accelerator (LCA) has invested $1.93 million US (£ 1.175 million) in QuantaSol Ltd., a manufacturer of strain-balanced quantum-well solar cells. LCA will invest $1.47 million US (£892,405) immediately, followed by a further $465,248 US (£ 282,595) on the achievement of certain milestones. At the same time, LCA has converted its outstanding $658,000 US (£ 400,000) loan in Quantasol into equity.
QuantaSol Ltd, of Kingston-Upon-Thames, U.K., has developed what it believes to be the most efficient single junction solar cell ever manufactured. Developed in just two years, QuantaSol's single-junction device has been independently tested by Fraunhofer ISE which confirmed the achievement of
28.3% efficiency at greater than 500 suns. (Source: Business Wire, June 30, 2009)
Odyssey Oil & Energy to pursue Wind and Solar power storage (Int'l - M&A) South Africa-based Odyssey Oil & Energy, Inc. has acquired 51% of H-Power International (Pty) Ltd. "This acquisition gives Odyssey the exclusive worldwide rights over patented Hybrid Battery Technology allowing the company to pursue the storage of alternative green energy, including solar and wind power," according to President, Arthur Johnson. (Source: Odyssey Oikl, July 1, 2009)
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