The bankrupt French polysilicon production venture, Silicium de Provence S.A.S. (SilPro) in which Solon SE had a major stake, has been forced to make an impairment charge of €52 million consisting of write-downs of €39 million on the carrying value of its equity investment and of €13 million charge on the carrying amount of a shareholder loan related to the failed enterprise.
eSolar has commissioned a 5MW concentrating solar thermal power plant in the Antelope Valley in eastern Los Angeles County. The 24,000-mirror Sierra SunTower, which the company says is the only power tower of its kind currently operating in the U.S., produces electricity for Southern California Edison and can power more than 4000 homes in the area.
Suntech has been selected to supply more than 25,000 crystalline-silicon photovoltaic modules for Recurrent Energy's 5MW municipal solar power project atop the Sunset Reservoir in San Francisco, CA. The modules will be delivered by the fourth quarter of 2009, and the project will be completed in 2010, according to the participants.
Evolution Solar is moving its primary business office to China in a bid to cash in on the emerging solar market, including thin-film solar success, in that part of the world.
A two megawatts photovoltaics farm is to be installed by SunWorks Solar Systems after the company signed a letter of intent to design, outlining plans for the solar energy project intended for central Florida.
By using high-grade materials for module production, Mage Solar has been able to expand the product and power guarantee of its modules to 10 years and 30 years respectively.
Enel SpA, the Italian power company, has announced that it will sell a 49% stake in its Green Power renewable unit; this move will be done in two stages.
E-Ton Solar Tech, the Taiwanese crystalline-silicon solar cell maker, has announced that it has raised NT$2.415 billion by issuing new shares at the price of NT$80.5 per share.
Messe Düsseldorf says that companies from the field of solar production technology, such as manufacturers of machinery, plants, components and materials for the production of solar end-products, can now register for "solarpeq - International Trade Fair for Solar Production Equipment."
Renewable Ventures, the Fotowatio company, has announced the completion of Solar Fund V to finance more than $200 million of new solar energy projects across the United States. The fund's first project is a 2MW solar PV project located in Ft. Collins, Colorado that will sell energy to Colorado State University and renewable energy credits to one of the state's utilities, Xcel Energy.
