Premier Power Renewable Energy, Inc., solar power systems manufacturer for the U.S. and Europe, and Umpqua Bank have entered into a credit and finance agreement. Premier Power is now able to borrow a $7 million line of credit for general working capital needs, which may increase to up to $12 million depending upon Premier Power’s acquisitions.
MAGE Solar and IdeemaSun energy, founding companies of SolidMarks, have announced a contract for a 2.7MW project in Northern Italy. The project will span over two locations - Bodino and Torino.
MAGE SOLAR, part of the globally operating MAGE GROUP, a company that specializes in the sale of high-grade photovoltaic installations, has appointed two new members to the Executive Board.
LDK Solar Co., Ltd., manufacturer of multi-crystalline solar wafers, has announced its acquisition of 70% of Italian system integrator, Solar Green Technology S.p.A.'s (SGT) shares.
Abengoa Solar has joined the list of founders for the Desertec Initiative, a project that includes among its members the Club of Rome, the Union of the Mediterranean, TREC, and other institutions. Industry founders also include the industrial conglomerate Siemens AG, power companies RWE and E.ON, re-insurer Munich Re AG, Deutsche Bank AG...
IMEC has announced new partnerships with solar cell material and equipment suppliers including MEMC Electronic Materials Inc., Leybold Optics Dresden GmbH, Roth & Rau AG, and Mallinckrodt Baker B.V.
In an attempt to attain the efficiencies of silicon solar cells coupled with the relative cheapness of thin-film manufacturing, XsunX has proposed a new TFPV technology that utilises the unused manufacturing capacity of the hard disk drive industry with the aim of mass production of cheap and efficient solar cells. While current manufacturing techniques use the near-20% efficiency CIGS-based thin films, XsunX points out that this technology does not take advantage of the benefits of working with stationary, small area production technologies that can result in higher efficiencies.
Thin-film PV developer Ascent Solar Technologies has named former Applied Materials executive Farhad Moghadam as the company's new president and CEO, effective August 3. The announcement culminates a nine-month executive search conducted by the flexible CIGS module company.
Four companies, BrightSource Energy, Inc., Johnson Controls, Inc., Tessera Solar, and a team of US Energy Partners plus Munich Energy Partners America have proposals to build the first utility-scale solar project in Phoenix, Arizona. The city has called for proposals to build a 150-200MW solar power station situated on a closed landfill.
Statkraft AS, Norway's biggest energy generator, has teamed up with SOLON SE for the construction of several solar power plants in an undisclosed location in Spain with a total output of 40MWp. With this agreement, Solon gains a key strategic customer as well as exclusive rights to Statkraft's photovoltaic power plant activities in Spain for the duration of the agreement, which stretches until the end of 2011.
