General Plasma Inc., (GPI), innovation leader in vacuum thin film coating, has strengthened its presence in the United States by appointing Vacuum Solutions Group (VSG) as its Eastern United States sales and support representative.
Solar Millennium AG sold 25% stakes from the Andasol 1 and 2 solar plants to ACS/Cobra Group, a Spanish company with a history of buying from Solar Millennium. The sale of the stakes improves Solar Millennium AG’s liquidity situation even further and added an earnings effect of €12 million.
GCL-Poly Energy Holdings Ltd., a leading integrated renewable energy enterprise in the People's Republic of China (PRC), has announced the approved acquisition of 100% equity interest in Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. Upon completion of this contract, GCL-Poly looks set to become a global leader in the polysilicon manufacturing industry.
Australian company, Dyesol has commenced operations in its North American subsidiary, Dyesol Inc. The company moves into the US market under the guidance of chief executive officer Marc Thomas who has been appointed for several months.
Eneco Holding N.V. in the Netherlands has announced that it will take over the activities of Ecostream, the German solar company. Ecostream was previously part of the Econcern group, which became insolvent at the end of May.
Pending feasibility studies and approvals by various government authorities, ReneSola Ltd. has signed a letter of intent with the Yancheng city government, Jiangsu province, for the construction of a 500MW on-grid solar power plant. The company has also gained approval in a letter of intent with the Panzhihua east district government in Sichuan province for the development of a 5MW rooftop project, also subject to approval by authorities.
The UK Government has announced plans to significantly reduce carbon emissions in the country by introducing renewable energy sources. A carbon emission target of 35% has been set for the year 2020 and at least 80% by 2050. These policies were outlined by Secretary of State of Energy and Climate Change, Ed Miliband in, "The UK Low Carbon Transition Plan, National strategy for climate and energy" White Paper.
An industry veteran with over 15 years of investor relations experience, Michael McCarthy has joined the Evergreen Solar team and will oversee the company’s investor relations concerns. The newly created post of director of investor relations will see McCarthy tap his experience in working with the capital markets and the investment community, while reporting to Michael El-Hillow, Chief Financial Officer.
The Portuguese company Martifer Solar and Spire Corporation, located in Bedford, Massachusetts, have announced their mutual satisfaction with the performance of the 50MW fully automated turnkey module manufacturing system developed for Martifer by Spire. The line uses robotic systems, subcontracted by KUKA Systems Germany, for material handling and processing.
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.
