Tom Cheyney

The cofounder and former CEO of First Solar has launched a $300 million venture capital firm. Michael Ahearn's True North Venture Partners will invest primarily in early-stage companies in the energy, water, agriculture, and waste sectors, in amounts ranging from $100,000 to $25 million.

SolFocus’ latest concentrator photovoltaics array, the SF-1136X, has nearly twice the rated power of the company’s SF-1100P and can be deployed in the field in less than half the time. The firm said it has increased the level of factory integration, simplified the mechanical structure of the system, and improved the logistics packaging.

San Diego Gas & Electric has increased its solar and renewable energy portfolio pipeline with the addition of another 190MW of resources, including a 150MW PV power plant to be developed and built in the Imperial Valley. The Southern California utility and Sempra Energy unit has announced signed power purchase agreements for almost 770MW of solar generation since January.

The Solar Engineering and Manufacturing Association (SEMA) will hold a breakfast meeting during Intersolar North America. The event takes place Thursday, July 14, from 8:15 until 9:45am at the Palomar Hotel, a few blocks from the Moscone Center.

First Solar’s AV Solar Ranch One project has come up against some last-minute concerns voiced by local residents, according to a report on Greentech Media. Plans to begin construction of the Antelope Valley, CA, solar plant in early July could be pushed back if townspeople of nearby Fairmont file an injunction to delay the effort.

In the fifth award announcement regarding a solar project or company this week, the US Department of Energy said it has offered a conditional loan guarantee commitment of $150 million to 1366 Technologies to help the Lexington, MA-based silicon PV innovator to scale and expand manufacturing of its DirectWafer technology. The company plans to use the funds to bring its first plant, a 20MW facility in Massachusetts, online in 2013, and then to begin construction on a second 1GW plant that same year in an as-yet undetermined US location.

A 1.7MW solar PV power system comprised of 7300 Motech crystalline-silicon panels has been installed at AstraZeneca's campus in Wilmington, DE. The project is expected to produce about 2.1 million KWh annually, which will account for approximately 10% of an office building's electricity needs.

As part of its updated second-quarter and fiscal year 2011 financial outlook, SunPower boosted its expected quarterly revenues to between $550 million and $600 million, while annual sales are forecast to end up in the $2.8 billion-$2.95 billion range. Because of the new Italian policy environment, the company said it will be reallocating 85MW of product from its utility group in Italy to residential and commercial customers in Europe and elsewhere.

Belectric and Smart Energy Capital said that they have created a joint venture to develop and finance utility-grade photovoltaic power plants. The partnership will focus on multimegawatt sites in the United States, and will develop projects on a greenfield basis as well as through acquisitions from qualified developers.

Canadian Solar said its new ELPS solar cell technology can achieve up to 19.5% conversion efficiency for its monocrystalline cells and up to 18% for polycrystalline. During the fourth quarter, the high-efficiency cells are expected to be in production and modules incorporating them to ship, according to the company. These products and more will be among the firm's offerings at Intersolar Europe.