The North County Transit District (NCTD) transportation network has chosen Martifer Solar USA to supply 482.52kW of ground and roof-mounted solar systems for its bus and rail maintenance facilities.
Despite a short and chequered history, Hoku Materials polysilicon plant in Pocatello, Idaho could be in line for further funding, according to a strategic cooperation agreement signed between Baoding Tianwei Group and U.S. bank, Wells Fargo.
Kisco has agreed to become Tera-Barrier Films’ exclusive distributor in the Asia-Pacific region after making a strategic investment in the Singapore-based company. Kisco made the investment during Tera’s Series A investment round and its funding will help Tera’s attempts to bring its moisture-resistant films for solar cells to market.
Acuity Technology Management completed an independent evaluation on EnviroMission’s Australian Solar Tower technology, valuing it at AUDS$60,000,000. The valuation includes the intellectual property, development rights and overall commerciality of the technology.
Semiconductor capital equipment supplier Tegal and consultancy se2quel Partners have formed sequel Power, a new company focused on the development and operation of very large-scale solar photovoltaic-based utilities in the United States, Latin America, the Middle East, and Africa. At least 10 projects in the range of 750MW (DC) to 1.1GW (DC) are in various stages of negotiation, and all are located in high-insolation regions, according to company sources.
Pure Power Advisors has formed a new tax-equity fund known as the California Solar FIT Fund. The US$100 million tax-equity investment fund is geared towards ground-mounted solar projects throughout California and will supply funding for construction, completion, purchase and operation for qualified projects by means of a structured acquisition of projects from developers. The project acquisitions will use a financing structure influenced by Section 1603 Treasury grants or Section 48 energy tax credits.
Centrosolar Group is to issue a five-year bearer bond in Austria and Germany with a value of up to €50 million. The corporate bond will accrue interest at 7% per annum, and the securities prospectus required for the bond is expected to be approved by the Federal Financial Supervisory Authority (BAFin) on January 20, 2011.
Elkem Silicon Materials (polysilicon) and Elkem Solar (solar wafers) are part of a business divesture plan of Norwegian conglomerate Orkla to primarily state-owned Chinese chemical firm, China National Bluestar. The US$2 billion all-cash transaction also includes Elkem’s aluminium and carbon’s businesses. Completion of the deal is expected during the first half of 2011.
Amtech Systems has announced its preliminary results for Q1 of the new fiscal year, including record-breaking revenue and pre-sale figures. Q1, which ended on December 31, delivered revenue of US$52 million, bookings of approximately US$134 million, and an order backlog of US$172 million.
5N Plus, a producer of high-purity metals, compounds and wafers for electronic applications, has converted its US$3 million debenture with Sylarus Technologies into a 66.67% majority interest. 5N has also agreed to provide additional funding of US$766,000 in the form of secured debt, to enable the repayment of short-term debt contracted by Sylarus.
