New thin-film solar enterprise, China Solar Power (Holdings) Ltd (CSP),in collaboration with Tano China Capital Management, Inc. (TCCMI), andTano China Private Equity Fund II (TCPEF II), has signed an agreementwith ULVAC, Inc. of Japan to establish two thin-film solarmanufacturing lines with an annual capacity of 50MW. ULVAC will supplythe turnkey lines as well as the tandem junction process technology.
Solar modules fabricated by EMMVEE Toughened Glass and Photovoltaics Private Limited of Bangalore, India, utilizing Spire’s turnkey photovoltaic module assembly line factory have qualified for the TUV, IEC 61215-2005 and IEC 61730 certificates.
DayStar Technologies has priced a public offering of 15,000,000 sharesof common stock, all of which are being sold by the company at $4.25per share at an estimated value of $63.8 million.
Wacker Chemie AG and SCHOTT AG have laid the cornerstone for a newsilicon solar wafer manufacturing facility of their joint ventureWACKER SCHOTT Solar GmbH in Jena, Germany. Stage one will cost €50million with capacity expected to be ramped to 100MW by the end of2008. Manufacturing equipment will be installed in a two-storeybuilding with a floorspace of over 7,500m2.
The SMTA’s (Surface Mount Technology Association) Excellence inInternational Leadership Award has been conferred on Rick Short,Corporate Communications Director for Indium Corp. Mr. Short’sachievements in and contributions to the solar industry were recognizedby the award, which is given out on an annual basis to deservingrecipients.
MEMC Electronic Materials has entered into a 10-year definitive agreement valued at between $7 and $8 billion to supply solar grade silicon wafers to Conergy at pre-determined prices. The supply deal will start in the third quarter of 2008, MEMC said.
Oerlikon Solar’s sales efforts are to be led by Chris Smith, formerlyof Applied Materials, who has been named as head of Sales and CustomerSupport for the thin-film solar equipment manufacturer. Smith brings20 years of management and sales experience to the role, 12 of whichwere spent with Applied Materials.
Barry Honig, a well-known venture capital investor and advisor, hasjoined the newly-established Octillion Advisory Board, announcedNicholas Cucinelli, President and CEO. Mr. Honig, whose main areas ofexpertise are corporate finance and mergers and acquisitions, hasassisted many companies in going public and with listings on NASDAQ
Konarka Technologies has expanded its license agreement with DuPontDisplays to cover patents and other IP initially developed by Dr. AlanHeeger, Chief Scientist, co-founder and Director of Konarka as well asrelated IP in respect to OLED display technology. Konarka hasstrengthened its position specifically in the area by obtaining solelicensee and sublicense in advanced photovoltaic polymers that thecompany is developing under its ‘Power Plastic’ product name.
SiC Processing AG, a specialist in the recycling and supply of solarwafer slurries, has completed a new round of funding lead by zoukventures to the tune of €53 million. The deal is being touted as one ofthe largest Cleantech growth deals in Europe in 2007.
