Platina Partners has finalized its acquisition of 10MW of solar PV projects from the Degennaro Group. The 10 solar PV plants are located in the Puglia region of Italy, are each 1MW and mark the first operational plants in Italy for Platina. Their portfolio now includes 162MW of renewable energy projects in operation, 31MW of those being operational solar PV projects.
Ameresco was chosen by the Department of Veterans Affairs to build a renewable energy project at the Veterans Administration Medical Center (VAMC) in Salt Lake City, Utah. Ameresco will design and build the solar PV system, which holds a valued cost of over US$6.6 million. The design phase will start right away, with construction slated to begin early next year with completion anticipated within a 10-month time frame.
Steven Brewer, a 20 year veteran of the large-scale utility industry, has been named Solar Trust of America’s executive vice president and chief commercial officer. Additionally, Brewer will serve as CEO for Solar Trust’s wholly owned engineering, procurement and construction subsidiary, Solar Trust of America , and be a member of the management board for the company.
SunPower has agreed to collaborate with Alcatel-Lucent Bell Labs and ConEdison Development for the construction of a 1.2MW ground-mounted solar system on six acres of Bell Labs headquarters in Murray Hill, New Jersey. Anticipated to be fully up and running by next spring, the solar system will use SunPower’s T0 Trackers on over 3,700 solar panels.
HyperSolar has recruited Martin Adams as its new director of technology, where he will be responsible for the design and engineering of the company’s thin optical layer. Adams brings a 35-year background in the advancement of emerging technologies for lighting design and prototyping.
Yingli Green Energy held an investor day on November 3, 2010 with key executive team members discussing the outlook for the company over the next year. Zongwei Li, Yingli’s director and CFO, began the day and highlighted that Yingli had obtained 575MW of purchases under legally binding sales contracts and anticipated the number to rise to 1,000MW by the end of this year. Most of the sales contracts have a required prepayment from the customers, although Li stated that Yingli is forecasting a somewhat flat trend in the average selling price during its fourth quarter, which will develop into a stable level in the first half of 2011, followed by a modest decline in the second half of next year.
Tempress Systems, a solar subsidiary of Amtech Systems, has obtained US$33 million in new solar orders from numerous Asian customers. The customers, both new and existing for the company, ordered Tempress’s diffusion processing systems this past October.
First Reserve has closed its financial facilities agreement for the Rovigo solar plant at €276 million. The private equity firm bought the 70MW PV plant from Sun Edison, with whom they had previously established a joint venture, this past September. Banco Santander, Unicredit Corporate Banking, Credit Agricole, Dexia Crediop, Natixis and Societe Generale were additional lenders with First Reserve for the financing agreement.
RMT will be entering the Canadian renewable energy market as RMT Canada Construction and offer site development support, engineering and construction services for wind and solar energy facilities. RMT has been in the designing and building business for wind energy since 1996 and currently has their engineering, procurement and construction services utilized at over 429MW of wind energy and 340MW of solar energy projects.
On hand in North Las Vegas, Nevada, Amonix was joined by state senators and representatives to break ground on a new 214,000 square foot manufacturing facility. Using the US$5.8 million American Recovery and Reinvestment Act manufacturing tax credit, Amonix will be using the new site to produce CPV solar power systems for Nevada and neighboring state installations.
