Government urged to promote small scale solar projectsOctober 6th, 2009 NEW DELHI - The government should encourage small scale solar energy projects in rural areas along with the big ticket projects if it wants to meet the ambitious target of generating 20,000 MW solar power by 2020, an industry body said Tuesday. "If the government wants to generate 20,000 MW of solar power, large scale projects alone won't do.
Analyst attributes 4Q solar shipment growth outlook to German market, raises estimatesSeptember 21st, 2009 4Q solar growth outlook driven by Germany-analystNEW YORK — Fourth-quarter solar shipments could rise from third-quarter levels, despite typical seasonal weakness, driven mainly by German shipments, said an analyst on Monday as he held to his ratings for First Solar Inc. and SunPower Corp., while maintaining a "Neutral" rating for the sector.
Trina Solar receives loan of $304 million to help expand capacity over next three yearsSeptember 8th, 2009 Trina Solar receives $304 million loanNEW YORK — Trina Solar Ltd., a solar power company, said on Tuesday it received a loan of $304 million to expand capacity at its east campus location over the next three years. Loan proceeds will be used to fund capital expenditures for the rest of 2009 and pay back outstanding loans of about $80 million due on June 30.
First Solar names Robert Gillette CEO, board member, effective October 1September 3rd, 2009 First Solar names Robert Gillette CEOTEMPE, Ariz. — First Solar Inc., nation's largest solar panel maker, on Thursday named Robert Gillette CEO, succeeding Mike Ahearn.
Alternative energy industries flex lobbying muscle with billions at stakeAugust 21st, 2009 Solar, wind industries head to WashingtonTHE PRIZE: States have access to $11 billion in federal subsidies for renewable energy projects. THE PLAN: Solar and wind energy industries have been lobbying heavily this year, educating lawmakers about what they can do for the environment and the economy.
ReneSola shares jump over 15 percent after winning $706M solar power plant project in ChinaAugust 20th, 2009 ReneSola lands $706M solar project, shares jumpNEW YORK — Shares of ReneSola Ltd. jumped on Thursday on news that the Chinese solar maker scored an exclusive right to develop a $706 million, 150 megawatt solar power plant in China.
Denver International Airport plans solar power for its fuel storage, distribution systemAugust 19th, 2009 Denver airport plans solar power for its fuel farmDENVER — Denver International Airport wants to build a $7 million solar electric-generating system to power its fuel storage and distribution system. Airport officials said Wednesday they will ask the City Council for approval to sign a contract with two companies to develop the 1.6-megawatt project on about 9 acres north of the airfield.
Barclays maintains expectations for Chinese solar company Yingli Green EnergyAugust 18th, 2009 Barclays maintains expectations for YingliNEW YORK — Barclays Capital on Tuesday maintained its 2009 earnings expectations for Chinese solar company Yingli Green Energy Holding Co. even though some of its peers are expected to struggle.
Trina Solar makes $142.5M from selling more than 517 million ordinary sharesAugust 17th, 2009 Trina Solar makes $142.5M from selling sharesNEW YORK — Chinese solar manufacturer Trina Solar Ltd. said Monday it made $142.5 million from a sale of 5.18 million American depository shares.
First Solar 2Q profit more than doubles, stock price tumbles after-hours on rebate newsJuly 31st, 2009 First Solar profits jump; economic view improvesNEW YORK — First Solar, the nation's largest solar panel maker, said Thursday its second-quarter profit more than doubled on strong sales of its thin-film modules. The results beat Wall Street expectations, but investors were turned off by a rebate program that would hurt company earnings in the second half of the year.
Delhi company sells 50,000 solar goggles in two daysJuly 22nd, 2009 NEW DELHI - The excitement of the century's longest total solar eclipse was quite evident from the sales of Gnomon Astrotech, a Delhi based firm that sold a record 50,000 solar goggles across India in just two days. The company imported a large number of solar goggles, solar filter films and telescopes from a US-based firm to meet the huge demand during the celestial spectacle.
Barclays analyst says solar industry poised for rapid growth as utilities invest heavilyJune 23rd, 2009 Solar industry to see faster than expected growthNEW YORK — The solar energy industry will grow faster than expected during the next few years as American utilities invest heavily in large-scale solar farms, analysts with Barclays Capital said Tuesday in a research note. Barclays analyst Vishal Shah noted that demand for utility-scale solar projects could eventually make up half of the U.S.
Hiring underway at Evergreen Solar's $55 million Midland plant for making solar panel partsJune 16th, 2009 Hiring underway at Midland solar panel plantMIDLAND, Mich. — Hiring is underway at Evergreen Solar Inc.'s new $55 million plant in Midland, which will make silicon components for solar panels.
Syamal Gupta retires as Tata BP Solar chairmanMay 15th, 2009 NEW DELHI - Tata group veteran Syamal Gupta has retired as chairman of Tata BP Solar after 53 years with India's largest industrial house. He will be succeeded by BP Solar's chief executive Reyad Fezzani.
First Solar 1Q profit triples despite tightened bank lendingApril 29th, 2009 First Solar 1Q profit triplesNEW YORK — First Solar Inc., the nation's largest solar panel maker, says its profit more than tripled in the first quarter despite tightened bank lending that has made it tough to fill orders. The Tempe, Ariz.-based company reported Wednesday it earned $164.6 million, or $1.99 per share, in the first quarter, compared with $46.6 million, or 57 cents per share, for the same period last year.
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