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05.08.2011
Sempra Generation enters PPA with PG&E for Nevada PV expansion
US energy company Sempra Generation has entered into a 25-year purchase power agreement with utility the Pacific Gas and Electric Company (PG&E) for the sale of electricity from the 150MW expansion of Sempra’s Copper Mountain Solar facility in Nevada.
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05.08.2011
First Solar becomes latest PV company to see sharp drop in sales
US photovoltaic (PV) company First Solar announced net sales of $533m in the second quarter of 2011, a decrease of $34.5m from the first quarter and $55m compared with the same period in 2010. The company attributed the decrease in revenue to lower average selling prices and policy uncertainties in Europe.
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05.08.2011
EcoEnergy completes 1.6MW rooftop solar development
US renewable company EcoEnergy has completed a 1.6MW rooftop solar installation on a warehouse used by catering supply-chain business WEBstaurant Restaurant Supply. The 7,000 panel development is the first of three that WEBstaurant plans for solar arrays on its facilities in the US and the company estimates this will lead to energy savings of $74,000 a year. The warehouse is located in the Upper Leacock Township around 60 miles west of Philidelphia.
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04.08.2011
MEMC to purchase Fotowatio Renewable Ventures in $100m deal
US solar wafer manufacturer MEMC and subsidiary SunEdison have reached a definitive agreement to acquire photovoltaic factory builder Fotowatio Renewable Ventures’ (FRV) US division. It will pay $122m for the acquisition and repayments of $22.9m in intercompany loans and capital contributions. The final purchase price is subject to adjustments based on the actual figure for intercompany loans and capital contributions at closing. The deal also includes deferred payment of up to $103.6m if FRV meets certain performance criteria.
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04.08.2011
Capital Power, Samsung and Pattern Renewable partner for Canadian wind project
Canadian energy company Capital Power, Samsung Renewable Energy and Pattern Renewable Holdings Canada have entered into a limited partnership for the development, construction and operation of a 270MW wind farm in Ontario, Canada. The project is expected to cost between C$750m ($770m) and C$900m ($924), the majority of which will be funded through project financing.
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01.08.2011
Solar Frontier’s 900MW plant reaches full capacity
Japanese photovoltaic (PV) developer Solar Frontier has announced that its flagship manufacturing plant has now reached full commercial operation and is on track to produce 900MW of solar modules this year.
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01.08.2011
IKEA purchases UK wind farm
Swedish furniture retailer IKEA’s UK division has acquired a 12.3MW wind farm in Aberdeenshire, north Scotland. The farm consists of seven turbines and produces electricity sufficient to cover 30 per cent of the company’s UK consumption. It is the first UK purchase of a wind farm by IKEA and brings the number of turbines owned by the company to 67.
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29.07.2011
SolarCity to retail ClipperCreek EV charging units
US solar system provider SolarCity has partnered with electric vehicle (EV) charging station manufacturer ClipperCreek to distribute EV charging units as part of the company’s retails package. According to SolarCity the combination of an EV with a residential solar system could save the average driver more than $170 per month, compared to driving a petrol-powered vehicle.
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29.07.2011
Opel Solar, Limen partner for two Italian PV projects
US photovoltaics (PV) manufacturer Opel Solar has been contracted to supply units for two 1MW developments in Italy. The orders are worth nearly $5m and were placed by Swiss property and renewable energy joint-stock company Limen.
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29.07.2011
Gestamp purchases two US wind farms for $130m
Gestamp Wind North America has purchased two wind farms in Maryland, US, for $130m. The facilities at Roth Rock have a combined capacity of 50MW and utilise 20 turbines. The site has been connected to the grid and 80 per cent of electricity generated will be sold to utility Delmarva through a 20-year purchase power agreement. The remainder will be sold to Maryland University and the State General Service Department.
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28.07.2011
Westinghouse Solar sees 24 per cent revenue rise, still makes net loss
US photovoltaics company Westinghouse Solar has seen its second quarter revenues increase 24 per cent compared with the same period in 2010, and 38 per cent on the first quarter of 2011. Total revenue for the quarter was $2.7m and the first half of 2011 saw orders worth $4.8m, up 60 per cent from the $4.8m in the first two months of 2010.
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28.07.2011
Octopus Investments finances 11 UK solar plants
UK private equity firm Octopus Investments has funded the installation of 11 large-scale photovoltaic (PV) plants in the UK all constructed in time to beat the 1 August deadline when solar feed-in tariffs (FITs) are changed.
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