Consistent with its announced plans for further small-scale power plants in Italy, TerniEnergia has plans to build a 1MW PV power plant in the Apulia region at a cost of approximately €3 million. The plant will be owned by TRP-PVE, an Italian-Chinese joint venture company.
SBM Solar says it has become the first company to earn UL certification on its nonglass, rigid, crystalline-silicon photovoltaic modules. The panels are encapsulated with a non-EVA-based thermoplastic material developed by Dow Chemical.
A stay of execution over the proposed feed-in tariff cuts in Germany has been reported by Reuters. The proposals have been delayed until June 1st, instead of April 1st, 2010. However, the report notes that new rooftop solar installation FiT will be cut by 16%.
VLSI Research has awarded Oerlikon Systems a ‘five star rating’ for customer satisfaction in 2009. The five star ratings are handed out by chip equipment users (representing 95% of the world’s semiconductor market) and compiled by VLSI Research as part of their 2009 Customer Satisfaction Report.
In a conference call with financial analysts, held today, Evergreen Solar’s Chairman, CEO and President, Richard Feldt, responded to one of the last questions in the hour long call over the expected outcome for Sovello. He noted that the company had only weeks to seek a buyer that would probably acquire the company at ‘fire-sale’ prices or enter into insolvency.
In a major effort to boost its position within the solar equipment market, Singulus Technologies is planning a suite of new product introductions in 2010 that will include technologies to lower PV manufacturing costs and boost cell efficiencies for both both ‘front-end’ c-Si production and CIGS and CdTe applications. Another import move will be the development of complete integrated turnkey lines for ‘front-end’c-Si production, leveraging technologies and systems from its recent acquisition of Stangl. The company noted that due to continued pricing pressures on PV manufacturers this was a key driver to focus on such solutions.
Israeli solar energy developer Arava Power has signed long-term deals with 15 agricultural cooperatives to build midsize photovoltaic installations at an investment of 2 billion shekels ($533 million), according to Reuters. The power plants will total 100MW and will average 6.5MW per field. Total investment is said to be 2 billion shekels ($544 million).
Borrego Solar Systems has appointed Bill Bush as Chief Financial Officer (CFO). Previously, Bush served as the CFO of Solar Semiconductor. He will work to further develop the relationship between Borrego Solar and investor Walsin Lihwa, and work with Borrego’s commercial and public-sector customers on solar system financing. Walsin Lihwa recently formed a US$30 million Power-Purchase Agreement Fund (PPA), organized as Green Lake Capital LLC.
Climate Change Capital Private Equity, the €200 million fund dedicated to investments in clean technology companies, has led a convertible bond issue in Metallkraft, the Norwegian company that developed a patented process to recycle spent slurry used in cutting solar silicon wafers.
1366 Technologies has closed venture capital funding worth $5.15 million, bringing the total amount raised by the silicon photovoltaics developer to $17.55 million. The round was led by returning investors Polaris and North Bridge Venture Partners.
