Satcon Technology has won a new order to supplier GCL Solar with 500kW ‘PowerGate’ Plus inverters for three separate solar power plants with a combined power of 38MW. The company had previously won inverter sales for projects reaching a combined 23MW for ground-mounted and largest rooftop projects in China in 2009.
Portland General Electric is expanding its solar energy resources with a new 2.4MW rooftop project. Once complete, this will be the largest rooftop solar project in the Pacific Northwest. PGE will partner with the U.S. Bank, ProLogis, and several Oregon companies on the project.
New orders for its diffusion processing systems have pushed Amtech Systems new order flow past US$80 million in its 2010 financial year. Solar orders in its fiscal Q2 reached US$27 million. New orders worth US$8.5 million were recently received from two new customers in Asia and one new customer in Europe.
In the second solar module supply deal announced by the vertically integrated Chinese manufacturer over the past week, Yingli Green Energy has signed a sales agreement with SunDurance Energy to provide more than 10MW of Yingli Solar-branded crystalline-silicon PV modules to the New Jersey-based solar power system designer/integrator through the third quarter of 2010. The deal is also the largest in SunDurance's history.
Kyocera has announced that it will significantly increase its annual solar cell production targets to meet the growing demand for solar energy products in the global market. New targets aim for an increase to 1GW annually by March 2013, which is more than 2.5 times the current fiscal year 2010 production volume of 400MW.
Reidar Langmo has joined the board of 1366 Technologies. Based in Oslo, Norway, the solar industry veteran is the CEO of VC firm Novus Energy Partners and was a cofounder of silicon PV company REC.
SunPower has signed a strategic supply agreement with Toshiba, in which the Japanese company will order 32MW of high-efficiency monocrystalline-silicon solar panels from the PV firm this year. The SunPower modules will form the cornerstone of Toshiba's new residential solar offering in Japan, to be launched April 1.
Citing its strong brand awareness, European sales network, and high-quality solar modules, aleo solar has reported sales of €376.1 million in 2009, up slightly from €360.5 million posted in 2008. EBIT was €16.0 million (€23.8 million in 2008), while EBIT margin was 4.3% (6.6 percent in 2008).
Suntech received the 2009 FT ArcelorMittal Boldness in Business Environment Award on February 25 at the annual Boldness in Business awards, held in London.
Mitsubishi Electric has said that it has completed construction of PV Cell Plant #2, a 50MW solar cell production facility at its Nakatsugawa Works Iida Factory in Nagano Prefecture. When ramped in 2011, the new plant will give Mitsubishi an annual capacity of 270MW. The company noted that the new facility will also produce monocrystalline-silicon cells and start production by March 2011.
