LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that it has entered into an agreement to acquire the crystalline module manufacturing plant of Best Solar Co., Ltd. ("Best Solar"). Under the terms of the transaction LDK Solar will acquire Best Solar's crystalline module manufacturing plant at cash consideration of $21.5 million, representing the fair value of the assets acquired determined on an arms-length basis.
Global Solar Energy today announced that the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), the nation’s primary laboratory for renewable energy and energy efficiency research and development, confirmed 13.2 percent aperture area efficiency for a module made by Global Solar Energy applying its production-line thin film solar material. Global Solar Energy is the first manufacturer to exceed the 13 percent milestone using thin film on a flexible substrate. This benchmark advances the thin film photovoltaic market and underscores Global Solar Energy’s leadership as the only manufacturer of Copper Indium Gallium diSelenide (CIGS) cells on a flexible substrate in full-scale production.
At the HDW Shipyard, PlanetSolar unveiled the world's largest solar boat, which will be powered exclusively by high-efficiency solar cells from SunPower Corp. ( SPWRA, SPWRB), a manufacturer of high-efficiency solar cells, solar panels and solar systems. In late March, PlanetSolar will launch its catamaran for testing, and then embark on its round-the-world tour in early 2011.
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of crystalline silicon photovoltaic modules, has provided the solar panels to power British Columbia's first net-zero home at the Vancouver 2010 Olympic and Paralympic Winter Games. The showcase home, located in the Whistler resort, brings the concept of accessible zero-energy living to attendees of the event. The net- zero home was designed by Vancouver-based RDC Homes.
Recently, Hengji PV-Tech Energy Co., Ltd. has successfully won several bids in the international PV project market. Following successful bids for projects in the Czech Republic and Italy, HJ Solar was awarded a pilot PV project in Thailand with an accumulated installation capacity of 9.87MW.
Solyndra, Inc., a manufacturer of innovative cylindrical photovoltaic (PV) systems for commercial rooftops, announced it has signed a new North America distribution agreement with DC Power Systems, a full-service distributor of renewable energy products, headquartered in Rohnert Park, California.
Concentrix Solar, a leading supplier of Concentrator Photovoltaic (CPV) systems and a new division of the Soitec Group (Euronext Paris), the world's leading supplier of engineered substrates, announced today that it has signed a contract with Chevron Technology Ventures for the deployment of a one megawatt (MW) CPV power plant to be installed at a Chevron Mining facility in Questa, New Mexico, USA. With this announcement, Concentrix Solar confirms full commercial readiness for worldwide deployment, and is paving the way to utility-scale CPV projects.
Cupertino Electric, Inc. (CEI) Energy Alternatives today announced the completion of a 360 kilowatt (kW) Design/Build solar photovoltaic (PV) installation for the City of Pleasanton and a 36,190 Watt Design/Build solar PV installation for the City of Novato. Both of the city-based solar systems are mounted on the rooftops of the cities’ respective corporate yards.
Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers, who holds the brand Yingli Solar, today announced it has signed a three-year framework agreement with Gehrlicher Solar AG ("Gehrlicher Solar"), one of the leading PV system integrators in Europe. Under the terms of this agreement, Yingli Green Energy has agreed to supply 285MW of PV modules to Gehrlicher Solar over a three-year period through 2012. The PV modules to be supplied by the Company under this agreement are expected to be installed mainly in residential, commercial roof-top and ground-mounted power plants across key European PV markets.
In the presence of Governor Bill Richardson, Chevron Mining Inc. (CMI), a subsidiary of Chevron Corp (NYSE: CVX) announced that sister company Chevron Technology Ventures (CTV), will build a one megawatt concentrating photovoltaic solar facility on the tailing site of CMI's molybdenum mine in Questa, New Mexico. The project will demonstrate and evaluate an emerging solar technology and a practical use of previously impacted land.
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