Avidan Management has finished work on its 4.26MW rooftop solar system in Edison, New Jersey. The array, designed and installed by Solar Nation, generates 5 million kWh of electricity a year, which will be used to help power the 656,255-square-foot office and storage facility on which the system is housed.
Boeing and South Carolina Electric & Gas (SCE&G) will be working together to make Boeing’s South Carolina facility a 100% renewable energy site. The North Charleston site will produce renewable energy with the help of a 2.6MW rooftop solar installation. Both companies maintain that the solar system at the Boeings 787 Final Assembly site will be the largest solar installation in the Southeast and the sixth largest in the US.
Under a new agreement between TPG Capital and Comtec Solar Systems Group, TPG will invest a total of US$150 million through newly issued convertible bonds and warrants. TPG has subscribed for unsecured convertible bonds, which are due in 2016 with an aggregate principal of US$100 million. The bonds are zero interest and will be able to transfer into Comtec’s new ordinary shares at an initial conversion price of US$0.50 per ordinary share. If the bonds are not exchanged after five years, they will be redeemed at par.
OPEL Solar International has finalized its financial statements for 2010 declaring increased revenues for both the fourth quarter 2010 and full 2010 year. Revenue for Q4 2010 was finalized at US$375,747, which contributed to its 2010 revenue total of US$1,647,638. Both the Q4 and full year results show an increase in revenue over figures for the same period in 2009.
Solyndra and Interservice Uzunovi solar division have signed an engineering, procurement and construction (EPC) agreement for a 1MWp installation on the rooftops of Biomet, the Bulgarian logistics company located in Sevlievo.
CBD Energy is on the verge of signing a contract finalising its joint venture with two of China’s biggest renewable energy companies, China Datang Renewable Power and Tianwei Baobian Electric.
Del Webb will now include solar power alongside other energy-efficient features at its two new home Sun City communities in the Phoenix metro area. Featuring a 1.8kW roof- integrated solar system provided by SunPower, approximately 11,200 new buildings will now generate their own renewable energy, reducing the operational costs of each home.
Solutia has been awarded a contract to supply its Therminol VP-1 synthetic heat transfer fluid for the US$2 billion Solana solar power plant project, which is being developed by Abengoa. Once complete the Arizona-based plant is expected to be the largest parabolic trough concentrating solar plant in the world, and the first large-scale solar plant in the US capable of storing energy for continued power generation during periods of low light.
Solectria Renewables has been selected by Tecta Solar to supply four Massachusetts rooftop installations with SGI series inverters. As part of the 5.3MW deal, Solectria will provide one SGI 300 (300kW) and 10 SGI 500 (500kW) inverters.
Satcon has been selected by Solon to supply 12 of its 1.25MW Prism Platforms for Pacific Gas and Electric’s (PG&E) 15MW ground mount installation near Fresno, CA. Each Prism Platform will be configured to include Satcon Equinox inverters, which deliver 98.5% efficiency combined with the industry’s widest thermal operating range.
