Power Plants

November 2, 2010
First Reserve has closed its financial facilities agreement for the Rovigo solar plant at €276 million. The private equity firm bought the 70MW PV plant from Sun Edison, with whom they had previously established a joint venture, this past September. Banco Santander, Unicredit Corporate Banking, Credit Agricole, Dexia Crediop, Natixis and Societe Generale were additional lenders with First Reserve for the financing agreement.
November 2, 2010
RMT will be entering the Canadian renewable energy market as RMT Canada Construction and offer site development support, engineering and construction services for wind and solar energy facilities. RMT has been in the designing and building business for wind energy since 1996 and currently has their engineering, procurement and construction services utilized at over 429MW of wind energy and 340MW of solar energy projects.
October 27, 2010
3W Power Holdings, the holding company of AEG Power Solutions (AEG PS), has reported its financial results for the third quarter ended September 30, 2010. While Q3'10 is typically a weak quarter cyclically for AEG PS, due to traditionally slower trading in Europe in August, the solar segment still came out on top.
October 27, 2010
Ascent Solar has signed a memorandum of understanding (MOU) with 'The Energy and Resource Institute' (TERI), based in New Delhi, India. Under the terms of the agreement, TERI will perform testing and performance evaluation of Ascent's flexible thin-film CIGS modules as well as looking at the feasibility of including these modules for TERI's flagship program 'Lighting a Billion Lives' (LaBL).
October 26, 2010
Concentrator photovoltaics developer SolFocus will partner with Vision Electro Mechanical to build the first commercial CPV power plant in Saudi Arabia. The initial project will be the initial project in a series of Saudi solar power stations planned by Vision (a subsidiary of Construction Projects Holding Co. [CPC]).
October 26, 2010
Good Energies and NIBC Infrastructure Partners have signed an agreement with Q-Cells SE for the acquisition of Finsterwalde II and Finsterwalde III, the solar photovoltaics plants located in Brandenburg, Germany. Together with Q-Cells' Finsterwalde I, which stands adjacent, the three Finsterwalde projects have a capacity of 81MWp, forming the largest operational solar PV plant in the world.
October 26, 2010
Neo Solar Power (NSP) has entered into a three-year wafer supply contract with GCL Poly.
October 26, 2010
Meyer Burger Technology has signed a purchase agreement where 3S Industries USA will take over certain assets and all employees of SGS Slicing Solutions as well as SGS Machine Tool.
October 26, 2010
Just over a year ago, the Western Massachusetts Electric Company (WMECo) got approval from the Department of Public Utilities to build 6MW of solar facilities in the New England region over the next two years and the first of its projects has come to a successful completion at the William Stanley Business Park in Pittsfield. The 1.8MW solar installation is the first in the 6MW solar program and is situated on eight acres of land owned by WMECo and the Pittsfield Economic Development using around 6,500 solar panels.
October 25, 2010
Spire was chosen as the recipient for an indefinite delivery indefinite quantity (IDIQ) contract from the Federal Prisons Industries to provide integrator services for PV systems for Federal customers of Unicor. The contract has a five-year term with five, one-year renewal options. Its total value will not exceed US$75 million over the contract period and has no guaranteed minimum.

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