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. |
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. |
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. |
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. |
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. |
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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