Trichlorosilane producer, SunSi Energies is attempting to join the NASDAQ Capital Market to fund further expansion of TCS production. The company recently noted that it expected revenue for 2012 to be between US$49-US$52 million, compared to US$15.1 million in revenue reported in fiscal 2011.
The US Department of Energy (DOE) advised that it had awarded a US$737 million loan guarantee to Tonopah Solar Energy for its 110MW Crescent Dunes Solar Energy Project. Sponsored by SolarReserve, the 100MW CSP solar power tower is said to be the first of its kind in the US and the tallest molten salt tower in the world. The project will be built on land leased from the Bureau of Land Management in Tonopah, Nevada.
Effective September 22, Steven Pleging was named chief executive officer, president and director of Quantum Solar Power. Pleging has served as the company’s chairman of the board of directors since July. Quantum’s former president and CEO, Daryl Ehrmantraut, will continue working with the company as its chief operating officer and director of operational and administrative functions.
Although the company has long held a presence in the country via its distribution network, Tenesol has decided to establish a subsidiary company in Marousi, central Greece. The company has appointed Manthos Kallios, formerly of PPC Renewables, as general manager of the subsidiary.
In a move likely to expand the module manufacturer’s reach in Asian markets, Solaria Energía y Medio Ambiente has signed a cooperative agreement with Chengdu, China-based Dongfang Electric Corporation (DEC), and has secured a purchasing credit line worth US$30 million from DEC for the purchase of cells and project components.
Despite boardroom spats, technology deviation, and financial concerns, Solar Millennium said that Hannes Kuhn has resigned from company's supervisory board with immediate effect.
Former VP of sales and business development at SolarCity, John Lefebvre, has been appointed president of Suntech America, now responsible for boosting Suntech's market position throughout North and South America. The US is a key market for Suntech, and, as market leader in 2011, the company expects to benefit from the US market's doubling this year.
SunEdison’s 53.5MW multi-site solar PV project in New Mexico looks set for completion by the end of this year, and has been buoyed by the news that it has secured financing of over US$200 millions from financier Wells Fargo. MEMC subsidiary company SunEdison has now activated three of the five power plants that together make up the 53.5MW total, and the remaining two plants are scheduled for completion before year’s end.
Two top executives of controversial thin-film PV company Solyndra won't be offering any substantive testimony before a Congressional subcommittee hearing scheduled for Friday. The company has issued a statement that, because of the ongoing investigation and on the advice of their lawyers, president/CEO Brian Harrison and CFO Bill Stover will invoke their constitutional Fifth Amendment rights, which protects citizens from self-incrimination.
Cleantech finance company De Lage Landen has finalized an agreement that will see the company’s Clean Technology Group team up with Tioga Energy to provide long-term financing for an 856kW solar project in Honolulu, Hawaii. Built for Oceanic Time Warner at its Mililani Tech Park, the project is a combination rooftop and solar parking canopy and is said to be the largest of its kind in the state of Hawaii.
