Five of First Solar’s senior executives, using personal funds, purchased a combined total of 5,500 shares of the company stock during one of four annual open trading windows for the company’s directors and Section 16 officers. The purchases have been reported to the Securities and Exchange Commission in Form 4 filings where appropriate.
SunPeak Solar advised that it had selected Suntech Power Holdings to supply 28.7MW (DC) of its solar panels for its 23MW (AC) solar project in Niland, California. Suntech will supply 100,000 of its 285/290W Vd-Series modules, which feature its SuperPoly silicon processing technology. SunPeak Solar’s subsidiary, Imperial Valley Solar Company (IVSC) 1, will manage the project’s construction and installation of the modules.
Mitsui and Toshiba are joining forces to build Japan’s largest PV system, according to financial newspaper Nikkei. With a capacity of 50MW, the plant will be considerably bigger than any other in Japan and cover 800,000m2 of Mitsui-owned land in the Aichi Prefecture.
The lower house of Japan's parliament has passed a new green bill aimed at promoting investment in solar and other renewable energy sources and weaning the country off nuclear power. The bill requires utilities to buy any electricity from solar and other renewable sources for up to 20 years and should it be approved by the upper house it will come into force next July.
Trina Solar has posted results of its second-quarter performance, showing a healthy increase in both module shipments and year-on-year net revenue. Logging a gross profit of US$98.3 million for the quarter, which represents a decrease of 35.0% sequentially and 17.3% for the same period last year, the company cited policy changes in Italy and resulting high industry inventory as having had an effect on the company’s sales.
Nexamp and Cathartes Private Investments are joining forces to build the largest privately-owned solar project in Massachusetts. The 4.5MW system will be comprised of 14,000 panels and span 22 acres of industrial land bordering Route 3 near Westford. Construction is scheduled to begin this autumn.
Sunvalley Solar won a US$2 million contract for the deployment of a 405kW commercial solar project with All Fortune Group in Long Beach, California. The solar project will use solar panels supplied by Tianwei New Energy and solar inverters from PV Powered.
