Isofoton advised that it has signed a joint development agreement with Korea’s Posco Plant Engineering for the international development of solar projects. The EPC company and solar module company noted that the projects will mainly be focused in the US, a locale in which Isofoton plans to install a 100MW solar plant later this year. Isofoton acknowledged that this partnership was a way to help broaden its international presence.
Six Wal-Mart stores in Colorado are sporting new solar installations thanks in part to SolarCity. The company installed 2MWon three stores in Westminster and 1MW at stores in Lakewood, Highlands Ranch and Lafayette. The projects all contribute to Colorado’s goal to generate 30% of its electricity from renewable sources by 2020.
PV inverter manufacturer, Satcon Technology has said that new orders have increased 130% in the first quarter of 2012 compared to previous quarter, reaching a bookings value of approximately US$45 million. The company said the quarter had been the most successful bookings period in four quarters, with a book-to-bill ratio of 1.9:1.
In a joint venture, NYSE Euronext and research company Bloomberg New Energy Finance (BNEF) have developed three new sector indices covering solar and wind energy as well as energy smart technologies (EST). Each index is produced using the different global stock market values of 70–200 industry companies, and a minimum threshold exposure to applicable renewable energy sectors is also calculated.
Ikea continues to make its stores more sustainable. The company has connected a 1,063kW PV system at its store in Paramus, New Jersey to the grid. The system is 132,000 square feet in size and utilizes 4,620 PV panels. This is Ikea’s 17th solar power installation in the US.
Ikea does not have any PPAs but operates every store’s system itself. Just like with former projects, REC Solar was responsible for the design, development and installation of the system.
Bidding for the real estate, patents and facility inventory of failed Dutch thin-film PV cell manufacturer Nuon Helianthos BV, will begin on April 16. The company announced that the pilot plant, located in Arnhem, would be closed last year after failing to reach commercial production due to lack of investment.
Zentric has announced that is has withdrawn from an EPC agreement with Matinee Energy. The agreement, dated January 7, 2012, was for the provision of EPC services for a 20MW solar power plant in Benson, Arizona.
PV project developer, Premier Power reported 2011 full-year revenue results of US$70.2 million, including fourth quarter revenue of US$15.5 million. Fourth quarter revenue was down 66% or US$30.6 million from US$46.1 million achieved in the same period in 2010. Full-year results were down 19%, compared to 2010, while non-GAAP operating loss increased to US$3.8 million in 2011, up from US$2.8 million in 2010. This decrease in revenue was said to be mainly due to project delays in Bulgaria that were pushed into the first quarter of 2012.
Cogenra Solar and SunWater Solar have installed the largest roof-top PV system in the US on the roof of Kendall-Jackson’s Kittyhawk winery in Windsor, California. The 241kW installation uses 96 solar modules in a hybrid thermal and PV system.
Tenaska is breaking its way into the solar power generation market with an announcement that it has closed commercial financing for its Imperial Solar Energy Center South in southern California. The utility-scale PV plant is the first of what the company expects to be several solar generating facilities it will develop in California and other US states. Located in Imperial County, the 946-acre solar project was developed by Tenaska Solar Ventures, with the company advising that a second solar project is under development nearby.
