3 June '10
11:48 AM UTC
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  Solar

‘Paranormal Activity’ At Canadian Solar

Canadian Solar has postponed the release of its first quarter results in the wake of a Securities and Exchange Commission (SEC) subpoena.  Not surprisingly, the company has been working hard to dispel concerns — “market demand was very strong in the first quarter,” Canadian Solar CEO Shawn Qu — but analysts aren’t buying the IR spin.

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25 May '10
4:59 PM UTC
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  Solar

SunEdison Secures Long-Term Project Financing With $1.5bn PE Venture

Solar power plant developer SunEdison and energy-focused private equity fund First Reserve have formed a venture that will finance solar projects developed by SunEdison.

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25 May '10
11:00 AM UTC
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  Solar

Yingli Shelves North America Plant… for Now

The falling Euro hurts Yingli Green Energy Americas

Yingli Green Energy Americas, Inc. has shelved plans to open a new North American manufacturing facility in either Austin or Phoenix, citing global financial turmoil that is hurting solar panel pricing.

Yingli’s U.S. Managing director Robert Petrina that the project is merely on hold and, “the U.S. is a big part of our plans.” However, the company is seeing its main advantage over Western solar PV firms – its low production costs – evaporate as the Euro and solar panel prices fall. Read More »

24 May '10
4:53 PM UTC
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  Solar

MEMC Ready To Pay $76M for Silicon Wafer Maker Solaicx

MEMC Electronic Materials has agreed to buy Solaicx, a  Santa Clara, Calif.-based maker of silicon wafers for photovoltaic panels for $66 million. MEMC could pay an aditional $10 million if Solaicx gets additional investments from current shareholders.

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20 May '10
10:55 AM UTC
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  Solar

BrightSource Raises $150M for New Solar Plants

BrightSource: A green energy success story

that it is tapping the deep pockets of the California State Teachers Retirement System and Alstom, among others, for $150 million in equity financing.

BrightSource plans to use the cash to build 14 solar power plants in the U.S. Southwest by 2016 that will generate 2,610 megawatts that are already contracted to Pacific Gas and Electric and Southern California Edison.

The Oakland-based company has become a bona fide green energy success story in recent months. Read More »