Yingli Green Energy has signed a three-year agreement to provide 285 megawatts of photovoltaic (PV) solar modules to Gehrlicher Solar AG, according to a release from the company. Yingli Chief Executive Officer Liansheng Miao said the deal, done through the company’s Yingli Solar brand, has strategic implications: Read More »
When have you officially arrived as a green energy company? When you’ve installed your first gigawatt? That’s so old economy. It’s when you fork over ridiculous money to sponsor a sporting event.
Yingli Green Energy, a photovoltaic solar panel manufacturer, officially crossed the threshold this morning when it trumpeted its sponsorship of the World Cup in South Africa this June. The release from FIFA, the international soccer body, is here. Read More »
Solyndra, the California maker of thin-film photovoltaic cells (PV), has signed a supply agreement with Italian installer Sun System. Solyndra could make $105 million over the next few years from this deal, the company said in a statement.
Milan-based Sun System plans to install Solyndra’s solar cells, which Solyndra will manufacture at its Fremont and Milpitas, Calif. facilities, on commercial rooftops in sun-drenched southern Italy. Read More »
Applied Materials Inc., (AMAT), officials say that their solar business will break even in 2010 but plan layoffs of 1,300-1,500 jobs, or 12 percent of the workforce in the next 18 months.
The semiconductor-equipment and PV solar panel maker reported a fourth quarter profit of $138 million, or 10 cents per share, on net sales of $1.53 billion.
New orders in Applied Materials’ Energy and Environmental business were up significantly from Q3 to $357 million in Q4 but still off 27 percent from Q4 2008.
Operating loss in the segment spiked to $242 million for FY2009 from $183 million in FY 2008. The company expects to save $450 million when the restructuring is complete.
Chief Executive Officer Mike Splinter said during the conference call: Read More »
French oil and gas supermajor Total and GDF Suez plan to jointly construct a 70 million euros ($89 million) solar cell plant in eastern France, near the German border that once operational could employ 100 workers.
In the solar sector Total and GDF are partners in Photovoltech, a crystalline-silicon cell manufacturer based in Tienen, Belgium. Each holds a 47.8% interest in the company.
Total also holds stake in U.S. organic photovoltaic developer Konarka and Swiss thin-film photovoltaic company Novacis.
Go to the press release from Total
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