Manz Automation has opened a development center for vacuum-coating technology in Karlstein, Germany. All of the company competences needed to develop vacuum-coating equipment and processes will now work from this location. Manz has also announced plans to set up a technical lab to develop and test new coating methods and technologies.
Phoenix Solar has released its annual report, which includes the consolidated financial statements from their 2009 financial year. The company shows a growth in total revenue of €473 million, up from 2008’s €402.5 million. In addition, their module sales increased by around 70%, from 120MW in 2008 to more than 200MW in 2009.
Mercury Solar Systems and the US Department of Energy’s NREL have formed a partnership in the name of solar energy research advancement. The NREL will take data from its own long-term research of Mercury’s solar test-bed. The system will be built on Mercury’s corporate headquarters roof in New York with full operation slated to begin by the end of the summer. The project was partially financed with a grant from the New York State Energy Research and Development Authority.
GWS Technologies has begun selecting German technology partners for the development of alternative energy installations and facilities in Mexico and Central America.
Constellation Energy will develop a 1.8MW solar PV system at the McCormick distribution center in Belcamp, Md. Once complete, this will be the largest single rooftop solar installation in Maryland, and the second solar installation developed for McCormick by Constellation Energy.
Duke Energy has announced that ten new customer sites across North Carolina will have solar panels installed on their building or grounds as part of the company's distributed solar generation program. Duke Energy launched the program back in October 2009, when roof space was leased from four large manufacturing and commercial facilities for placement of solar panels.
After nearly being indefinitely closed down, Sydney’s Olympic Park plant has re-opened with an estimated 10,000 rooftop solar panel systems ready to be produced per year. The Sydney Morning Herald reports that 100 people will be newly employed with the plant by the end of the year.
Evergreen Solar released that it will offer $165 million aggregate principal amount of convertible senior secured notes due 2015. The notes will be offered and sold to qualified buyers pursuant to Rule 144A under the Securities Act of 1993. The notes have not been registered under the Securities Act and may not be offered or sold in the US absent registration or following an exemption from such registration requirements.
Spanish renewable energy generators Iberdrola Renovables, Acciona and EDP Renovaveis shares took a hard hit after a Spanish news site, El Confidencial, released information, which stated that the Spanish government is looking to possibly retroactively cut pre-2009 renewable subsidies.
Quantum Fuel Systems Technologies Worldwide and Schneider Power have now completed the previously announced share exchange transaction, effective April 16. Through this transaction, Quantum acquires all of the issued and outstanding common shares of Schneider Power.
