Tom Cheyney

Everyone in the industry knows the price of solar continues to fall in most global sectors, inching closer to – or reaching – parity with other energy sources, both renewable and carbonaceous. But when a well-respected market researcher says prices are falling in real time in some regions, that attention-grabbing statement is not something one usually hears in any timeline.

Normally a sleeping aid for insomniacs, SEC filings can sometimes contain interesting insights into publicly traded companies. Tom Cheyney has dug a few out from Trina Solar's latest filing.

The depressed state of the PV production equipment sector has been well chronicled. Few companies are adding or updating capacity, both on the crystalline silicon and thin-film PV fronts, and tool firms’ bookings (let alone billings) remain very light. Announcements of production orders are few and far between, so when a firm does score one, it should not go unnoticed/uncelebrated, no matter how modest.

Thin film PV company Nanosolar said it has supplied close to 6MW of its CIGS utility panels for two installations in France and Oregon, as part of its partnership with EDF Energies Nouvelles and its US subsidiary, enXco.

Dow Chemical said it will make the commercial introduction of its Powerhouse solar roofing shingle to U.S. markets this month. The company plans a rolling launch into markets from California to the East Coast that will continue through 2012, starting with the debut program in Colorado in October.

Although better known as one of the world's largest suppliers of oil, Saudi Arabia continues to join the solar age with the inauguration of one of its first larger-scale photovoltaic power plants on October 1. The facility, a 500KW system comprised of Solar Frontier CI(G)S thin-film modules, is located on Farasan Island and was installed by the Saudi Electricity Co. and Solar Frontier's parent company, Showa Shell Sekiyu (which is partially owned by the Saudi Arabian Oil Co.).

SkyPower has secured a CAD$67 million revolving credit facility from Deutsche Bank, to be used to support the ongoing development of SkyPower's portfolio of utility-scale solar projects in Ontario, Canada. The facility is a letter credit facility innovatively structured to leverage the benefits of Ontario's green energy program and feed-in tariff.

AES Solar subsidiary AES Illumina closed on a loan and financing package and has begun construction of a 24MW PV power plant in Guayama, Puerto Rico, said to be the largest solar power installation yet to be undertaken on the island. Global Energy Services will act as the primary construction contractor on the project.

As the Sept. 30 deadline for closing loan guarantees approaches, the US Department of Energy has finalized another one, this time for $337 million for the 150MW (AC) Mesquite Solar 1 power plant in Arizona. The project is owned by Sempra Energy, which has signed a 20-year power purchase agreement to sell the electricity generated to Pacific Gas & Electric.

Two top executives of controversial thin-film PV company Solyndra won't be offering any substantive testimony before a Congressional subcommittee hearing scheduled for Friday. The company has issued a statement that, because of the ongoing investigation and on the advice of their lawyers, president/CEO Brian Harrison and CFO Bill Stover will invoke their constitutional Fifth Amendment rights, which protects citizens from self-incrimination.