SunPower sees substantial growth in store in fiscal year 2011, with annual revenues expected to range between $2.65 billion and $2.85 billion as well as PV cell production of 900-945MW at its three fabrication facilities. The company’s already issued its 2010 guidance, which forecasts revenues of $2.15 billion-$2.25 billion and cell production of 570-580MW. The company also said it has signed a deal to sell the Solare Roma PV power plant in Italy.
S.A.G. Solarstrom has begun the construction of a 2.13MWp photovoltaic installation on the site of a former excavated soil in the town of Spaichingen, Germany. The company signed a contract with the town whereby S.A.G will work as system contractor while the town will lease the site to the future installation investor. Several purchase inquiries have already been received for the project.
S.A.G. Solarstrom has begun the construction of a 2.13MWp photovoltaic installation on the site of a former excavated soil in the town of Spaichingen, Germany. The company signed a contract with the town whereby S.A.G will work as system contractor while the town will lease the site to the future installation investor. Several purchase inquiries have already been received for the project.
The Spanish government has now confirmed the country's reduced feed-in tariff rate, which will be paid to new solar-power projects. Ground-mounted plants' tariff will be cut by 45% while residential rooftop systems will be paid 5% less than before. All existing installations will receive the tariff quoted at the time of connection, for the full period of 25 years.
GCL Solar Energy and SolarReserve have agreed to enter into a joint venture towards the development, building and operation of solar PV facilities in the U.S. The joint venture, titled GCL-SR Solar Energy, has a 1,100MW portfolio of PV development projects, which range in size from 5MW to 20MW at 40 different sites across the United States. Construction is anticipated to start on up to 400MW of PV projects in the near future.
Greg Saunders is the newest executive to join Tioga Energy, being selected as the company’s new executive vice president and chief financial officer. Relying on his 25-year financial background with public and private companies, Saunders will manage the company’s financial development and impart strategic support as Tioga looks to expand its project portfolio.
The Philadelphia Eagles are setting their sights on another prize other than Super Bowl XLV trophy this year with their commitment to power Lincoln Financial Field with wind, solar and dual-fuel generated electricity. The team claims that this will be the world’s first major sports stadium to convert to self-generated renewable energy.
Further to the news earlier this week that Etrion has acquired the final tranche of SunPower's 33MW Montalto plant, the two companies have signed an agreement to build two further solar power plants, totaling 10MW, in the Puglia region of Italy. SunPower will design and construct the plants, as well as providing operations and maintenance services for Etrion, which will own the system.
Day4 Energy has agreed to supply Orciano Ambiente, an Italian solar project developer, with Day4’s 60-MCI solarModules for a 1MW ground-mounted solar PV system in Orciano, Pisano, Italy. This will be the first ground-mounted PV system for the town and is expected to reach completion by December with full operations to begin in February 2011.