Akeena Solar has entered into an agreement to manufacture, distribute, market, and install its solar panels under the Westinghouse name. The company claims that the contract was formed in order to combine a "trusted brand name with the reliability, performance and safety that buyers want."
ProLogis’ renewable energy group has opened what it calls the first dedicated comparative test site for solar modules operated by a real estate development company. The 11KW (DC) rooftop system, located in Denver, CO, includes 99 photovoltaic panels from eight different manufacturers and features a range of thin-film and crystalline-silicon module types.
Yingli Green Energy has signed a sales contract with Maetel, a unit of infrastructure company ACS Group. Under the terms of the deal, the Chinese solar manufacturer will supply 33MW of its Yingli Solar crystalline-silicon PV modules to the Spanish engineering, procurement, and construction firm, with deliveries starting in October and continuing through the end of April 2011. The panels will be deployed at what will be the largest solar power system in France.
Spire couldn’t quite beat its record quarterly results figures that were posted in the fourth quarter of 2009. Revenues were US$18.9 million, a 66% increase from US$11.4 million for the same quarter of 2009 but down approximately 5% from the previous quarter when revenue was US$19.7 million. Turnkey module and ‘SPI-Sun Simulator’ shipments were strong, with the solar business segment representing 81% of total revenue for the quarter.
Solar EnerTech has announced its financial results for the second quarter of fiscal year 2010. The company's total module shipments increased 314% in the second fiscal quarter 2010 in comparison to the second quarter of 2009, while revenue increased 302% to US$17.8 million, up from US$4.4 million in the previous year.
Although financial restructuring efforts with its lenders are still ongoing, Conergy posted its first quarterly operating profit in several years. Conergy increased its sales by 165% to €150.3 million in the first quarter of 2010, up from €56.7 million in the same period a year ago. EBIT figures of €0.3 million meant the company returned to profit.
Private equity firm, Mid Europa Partners, has signed an agreement to acquire a strategic stake in Energy 21, committing to inject new equity to support the company's growth strategy in Central and Eastern Europe. Energy 21 currently has an installed generation capacity of 26MW, with a further 75MW in development.
SHEC Energy and Cleanergy have signed a memorandum of understanding for the joint development of a high-efficiency solar Stirling engine. SHEC Energy's solar receiver technology will be combined with Cleanergy's Stirling engine technology to develop the advanced offering.
A new equipment investment cycle for PV manufacturers is boosting quarterly sales for Roth & Rau. New order intake in the first quarter increased 22.5% to €55.8 million, compared to €45.5 million in the previous quarter. Due to long lead times in its project business, the first-quarter revenue continued to be affected by the poor order situation in the second and third quarters of 2009, resulting in revenue declining to €35.32 million.
An announcement by Sharp Solar outlining the potential boom in the Turkish PV market has referred to the country’s government’s recent introduction of a €0.28 feed-in tariff for the first 10 years, with a rate of €0.22 thereafter for another 10-year period. Turkey receives an average of seven hours of sunshine per day, with a radiation intensity of 1,300 kilowatt-hours per square metre.
