The cofounder and former CEO of First Solar has launched a $300 million venture capital firm. Michael Ahearn's True North Venture Partners will invest primarily in early-stage companies in the energy, water, agriculture, and waste sectors, in amounts ranging from $100,000 to $25 million.
A new solar pricing plan from SolarCity has sent shockwaves through the Hawaiian energy generation market by undercutting traditional utility grid electricity prices. Hawaii has the highest energy prices in the US and the new rates will bring solar electricity to residential and business users on Oahu, Maui, Kauai and Lanai from as little as US$60 per month.
Convergence Energy’s 1MW solar farm in Delavan, Wisconsin is underway, and DEGERenergie has supplied 114 of its MLD tracking systems of the DEGERtraker 6000NT for the project. Fifteen of these systems have already been implemented at the Delavan location, with the remaining 99 planned for installation over the coming weeks.
Q-Cells has signed a five-year sponsorship deal to become a “Champion Partner” of German football giants Borussia Dortmund. As part of the agreement, the recently-crowned Bundesliga champions have also agreed to install a 920kW solar array on the roof of their Westfalenstadion stadium.
PV mounting and systems company Unirac has joined forces with Kyocera Solar to establish a 1.16MW PV installation on the historic Masonic Lodge of New Jersey. The system was designed by NJ Solar Power, framed using Unirac's ISYS Ground Mount (IGM) mounting solution and kitted out with 5,656 of Kyocera’s KD205 modules.
Just three days after Gehrlicher unveiled its 1.2MW system in Bulgaria, P2 Solar has given a further boost to the Eastern European nation’s solar industry by unveiling plans to build a 7.3MW PV plant near the Greek border.
Solar Power Partners (SPP) and JCM Capital have signed a contract with Avacos Clean Energy, to provide long-term equity financing for its portfolio of rooftop solar arrays in Ontario. Funding will cover both the planning and construction of systems with a combined capacity of up to 20MW across the province.
Skyline Solar has announced the news that it has been awarded with three new patents in relation to its scalable CPV technology, two of which were awarded through the US Patent and Trademark Office’s (USPTO) Green Technology Pilot Program. The patents take the total number of CPV-related patents to seven for the company, and include 108 specific claims regarding BOS system and LCOE cost reduction innovations.
The Joint Forces for Solar initiative, organised by EuPD Research and Intersolar, saw its third US outing yesterday with the presentation of the “3rd US PV Briefing & Networking Forum.” As was the case with Intersolar Europe in Munich in early June, the forum drew large crowds of interested parties to the Innovation Exchange Area of the Moscone Center in San Francisco, where industry experts discussed the future of photovoltaics, with a special focus on California, and networking opportunities enabled discussions among the industry’s key stakeholders.
Equity analyst Jesse Pichel of investment bank Jeffries believes there is little sign of growing PV demand after attending the first day of Intersolar North America. In a research note to investors, Pichel cites weaker-than-expected market demand in the US, due to PV project developers and residential consumers waiting for PV prices to bottom.
