Jun Xu and his team of researchers at the Oak Ridge National Laboratory have created a 3-D nanocone-based solar cell, which is said to enhance the light-to-power conversion efficiency by almost 80%. The solar cell is constructed using n-type nanocones made from zinc oxide, which perform as the junction framework and electron conductor , and are enveloped by a p-type semiconductor consisting of polycrystalline cadmium telluride, which act as the principal photon absorber channel and hole conductor.
Georgia Power has issued a request for proposals (RFP) for up to 1MW of solar PV energy projects that will be used as part of the company’s Green Energy program. Georgia Power is looking for solar PV systems that are at least 100kW and under a contract term of 10 years. The company will admit bids up to 15 cents per kWh including interconnection costs. Solar energy for the RFP is required on or before June 1, 2012.
Dow Corning veteran Robert Hansen, current company president, has been elected as the company’s new CEO, effective immediately. Hansen has been with Dow Corning for 29 years and was appointed as president of the company in November 2010. Dow Corning noted that Hansen will continue to serve as president, in addition to his role as CEO and that Stephanie Burns will remain chairman of the board of directors. “As chairman, I will remain deeply engaged providing counsel and advice on the company’s business strategy, as well as support to Bob as he transitions into his new role and I prepare for retirement,” remarked Burns.
NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources (NJR), has closed on a 21-year lease with the Village at Manalapan Solar for 13-acres of land in Manalapan, New Jersey. NJRCEV intends to develop a 3.6MW, US$18 million ground-mounted solar system at the New Jersey site, which will service the wholesale electric market. This is NJRCEV’s first ground-mounted solar installation, which has a completion and in-service date for sometime this fall.
Deutsche Bank has selected Vishal Shah as its managing director for its US-based alternative energy and semi cap equipment divisions. One of the leading solar market analysts, Shah will come to Deutsche Bank from Barclays Capital. He previously worked as a senior vice president with Lehman Brothers where he managed the research coverage of the solar and semi cap equipment divisions. Additionally, Shah served as a research analyst at Morgan Stanley and in his early career worked with Needham & Co.
JinkoSolar has simultaneously announced its unaudited first-quarter 2011 financial results and the appointment of Ron Kenedi as the president for its wholly owned JinkoSolar US subsidiary. As the company comes off a record setting first quarter with solar product shipments reaching 208.4MW and revenues totaling US$326.7 million, Kenedi is anticipated to keep the US division growing and profitable.
Worldwide Energy & Manufacturing USA, which supplies PV solar modules under the Amerisolar brand, has had a momentous week of executive changes. The company announced that on April 25, its board of directors removed Jimmy Wang as the company’s CEO, chairman as well as from all other offices and positions that he held at Worldwide and with any of the company’s subsidiaries and affiliates. The board also discharged Mindy Wang, wife of Jimmy Wang, on April 25, from all offices and positions she held at the company, its subsidiaries and affiliates, which included secretary and treasurer of Worldwide. Although both Jimmy and Mindy Wang will no longer serve in their former executive positions, they will remain on the board of directors.
Lincoln Renewable Energy (LRE) has finalized the sale and project finance deal with Macquarie Energy worth US$41 million. The agreement sees Macquarie Energy enter a long-term purchase agreement for power and renewable energy credits from LRE’s New Jersey-based 10MW Oak Solar PV project. LRE will remain the long-term owner of the facility, while Macquarie Energy provides construction finance and term debt for Oak Solar.
In a new report published by the SEMI PV Group, in collaboration with the SEMI China PV Advisory Committee and the China PV Industry Alliance (CPIA), a policy roadmap has been presented outlining how China can reach a global average PV electricity penetration level of 1.3% PV electricity by 2020. The report, entitled, “China’s Solar Future –A Recommended China PV Policy Roadmap 2.0”, uses the IEA Solar PV Roadmap as a benchmark for China, so that the country, which is well known as an export of PV goods, can better partake in using PV power as part of its energy consumption.
Under its new recognition by Japan’s Department of Energy and its Japanese Photovoltaic Expansion Center (J-PEC), Intertek’s CB reports on PV products distributed to the Japanese market will be eligible for consumer subsidies. The recognition allows for a more streamlined operation where a manufacturer that has their PV products tested and certified by Intertek will not need any supplementary certifications or approvals when entering the Japanese market.
