Neo Solar Power has signed a poly silicon supply contract with Hankook Silicon, which will provide them with 11,600 tonnes of poly silicon between 2011 and 2017. The agreement not only provides Neo Solar Power with a stable long-term poly silicon supply but also reinforces the strategic alliance between the two companies.
Israel's National Infrastructures Minister Uzi Landau has signed the first power purchase agreement (PPA) for renewable energy in the country's history, with Ketura Sun, the joint venture between Arava Solar Power Company (APC) and Kibbutz Ketura, which is developing a 4.9MW plant in the southern Arava near Eilat. The agreement, which will stretch over 20 years, is said to be worth NIS 250 million.
Southern California Edison has signed 20 contracts with six different independent power producer firms for nearly 240MW (AC) of solar photovoltaic systems to be deployed close to major transmission lines in various parts of the utility’s service areas in Southern California.
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.
