5N Plus, a producer of high-purity metals, compounds and wafers for electronic applications, has converted its US$3 million debenture with Sylarus Technologies into a 66.67% majority interest. 5N has also agreed to provide additional funding of US$766,000 in the form of secured debt, to enable the repayment of short-term debt contracted by Sylarus.
SunPower has signed a power purchase agreement with Southern California Edison (SCE) to build and operate three plants with a total capacity of 711MW in California. The 325MW and 276MW facilities in Rosamond and 110MW Los Banos plant will all use SunPower’s 425-watt panels, T0 Tracker and Oasis power block.
Flexible silicon thin-film firm Xunlight has received IEC 61646 and 61730 certification, conducted by TÜV InterCert Group. The certification enables the U.S.-based manufacturer to market its products in Europe, competing against the likes of Uni-Solar products.
First Solar has acquired Idealab operating company RayTracker, a photovoltaic panel tracking technology and balance-of-systems firm based in Pasadena, CA. RayTracker's team will join First Solar's engineering, procurement, and construction (EPC) group, and the acquired company’s customers will be transitioned to its new parent.
JinkoSolar has won the right to supply Premier Power Renewable Energy with 1.3MW of multi-crystalline solar modules during Q1 2011. The agreement sees JinkoSolar make significant inroads into the U.S. solar supply market for the first time and Premier Power add another high-profile name to its list of suppliers.
North Jersey Media Group has enlisted the help of KDC Solar to build a PV facility to power its Rockaway printing and packaging facility. With 20,400 panels, the plant will be among the largest in New Jersey and generate around 4.2 million kWh of electricity a year; construction work on the site will run from January to December, 2011.
On January 1, 2011, Oregon’s Department of Energy put new rules into effect, which have allowed for SolarCity to offer its first residential solar lease in the State. As of the first of this year, Oregon residents who lease their solar systems are able to receive the residential tax credit (RETC), which was previously only offered to customers who had purchased their system. Since the credits cannot be passed onto SolarCity, the company will allow its customers to postpone the remaining system cost that is not covered by the lease payments until the customer receives their RETC.
Plutonic Power and GE Energy Financial Services have agreed to buy three of First Solar’s power plants in Ontario, Canada. Permitting for the projects, which have a combined capacity of 50MW, is expected to take place this spring and construction scheduled to start in June.
Ceradyne has completed its acquisition of VIOX, a specialty glass company based in Seattle, Washington. Over the past few years VIOX has seen around 70% of its sales come from solar glass products, which have been specifically formulated for polycrystalline silicon solar PV applications. Ceradyne bought VIOX with a US$27 million cash payment at closing, which also includes a post-closing adjustment in two months. Additionally, conditional payment of up to US$22 million may be paid if VIOX reaches certain sales diversification and earnings targets over a 30-month period after the closing.
CIGSSe photovoltaic module manufacturer Stion said it will build a new production facility in Mississippi as part of an incentive agreement with the state that includes a $75 million loan and other tax and training incentives. The project, which will be the first thin-film solar panel factory in Mississippi, will deliver more than 1000 jobs and $500 million of investment over the next six years.
