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First Solar Sinks on Insider Sales and Concerns Over Potential EU Ban

June 6th, 2008 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

June 2, 2008
Source: StreetInsider.com
http://www.streetinsider.com/Insiders+Blog/3705929.html

First Solar (Nasdaq: FSLR) stock is down about 6%, or about $15, to $252.23 today. Traders are selling the popular stock today amid a Bloomberg report detailing insider selling and possible concerns in the company’s largest market, Europe. Michael Ahearn, First Solar’s CEO and second-largest shareholder, has cut his holdings in half since its IPO at the end of 2006: from about 6.1 million shares to 3.07 million shares as of May 16. The CEO’s remaining stake still represents about 3.85% of outstanding shares. Investors view insider trades as a great way to gauge managements conviction in itself; an executive buying usually signals great confidence in his or her company, while a sell can often be viewed as a time to take profits.
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ERSOL signs solar cell supply contract with new major customer aleo solar

June 6th, 2008 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

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ERSOL Thin Film signs 40 MWp module supply contract with Ralos Vertriebs GmbH

June 6th, 2008 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

• Supply of about 40 MWp thin-film modules by contractual agreement
• ersol Thin Film to deliver “Nova®-T” type modules between 2008 and 2010
Erfurt, 3 June 2008
Soruce: Ersol Thin Film, press releaes
http://www.ersol.de/en/newsmediarelations/pressreleases/pressrelease/
news/1212330668/?tx_ttnews%5BbackPid%5D=35&cHash=d28a11f472

ersol Thin Film GmbH (ersol Thin Film), a subsidiary of ersol Solar Energy AG, today signed a contract with Ralos Vertriebs GmbH (Ralos) for the supply of about 40 MWp thin-film modules. Amorphous thin-film modules are to be supplied to the German solar distributor over a period of three years from 2008.
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Germany Slashes Solar Subsidies, Threatening Industry

June 6th, 2008 by kalyan89 in Press Releases, Reports, PV-General, Solar Installations

By Jeremy van Loon, June 2, 2008
Source: Bloomberg.com
http://www.bloomberg.com/apps/news?pid=20601085&sid=aNkjxKkZ0aUM&refer=europe

Germany is slashing the subsidies that built its solar industry up to $8.8 billion in sales and made the country the world’s biggest market for panels that capture the sun’s energy.  Homes and businesses earn a government-guaranteed price of as much as 47 euro cents ($0.74) for each kilowatt-hour of solar power they generate, enough to run a vacuum cleaner for 60 minutes and double the market rate. Spain and France are copying Germany’s model as a way to nurture clean-energy industries that can reduce reliance on fossil fuels and cut gas emissions blamed for global warming. (more…)

India’s biggest solar-powered boat

June 6th, 2008 by kalyan89 in PV-General, Solar Energy - general

Kumarakom, 05 June, 2008
Source: SIFY.com
http://sify.com/finance/fullstory.php?id=14688966

Tourism major CGH Earth launched a solar-powered boat, which it claimed was the biggest in India, to mark World Environment Day at its resort here Thursday. Jose Dominic of CGH Earth said: “This solar-powered boat can seat 25 people and will be used in our resort in Kumarakom. We already use solar water heaters in all our properties.” (more…)

Solar Sector coming at the rescue of the French market

Brussels, June 6, 2008
Source: Verivox press release
http://www.verivox.de/News/ArticleDetails.asp?aid=85175&pm=1

On the verge of talks on the proposal of the « Grenelle law », the European Photovoltaic Industry Association and the actors of the French market, are organising a national photovoltaic symposium entitled « Towards a sustainable development of the photovoltaic sector in France », on 27 June in Aix les Bains, France. On this occasion over 900 participants from France and Europe are awaited to discuss possible ways to diminish the gap the French PV market is experiencing in relation to some of its European neighbours such as Germany or Spain. (more…)

Africa’s deserts could supply solar electricity to continent: experts

June 6th, 2008 by kalyan89 in Conferences, PV-General, Solar Energy - general

Nairobi, June 5, 2008
Source: AFP
http://afp.google.com/article/ALeqM5gksE4lu5Mj2VjLaBiE6L4zeYIUXQ

Solar power from Africa’s deserts could supply all 600 million citizens currently without electricity and even export power to Europe, a green energy conference in Nairobi heard Thursday.  The ferocious desert sun could provide the energy equivalent of 1.5 barrels of oil per square kilometre, said Gerhard Knies, project manager for Trans-Mediterranean Renewable Energy Cooperation (TREC), at a meeting of nine African states.
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World’s biggest solar farm at centre of Portugal’s ambitious energy plan

June 6th, 2008 by kalyan89 in Press Releases, Reports, PV-General, Solar Installations

· Clean-tech revolution in country without oil or gas
· Project also includes wave and wind power
by John Vidal, Lisbon, June 6 2008
Source: Guardian UK
http://www.guardian.co.uk/environment/2008/jun/06/renewableenergy.alternativeenergy

From a distance the bizarre structures sprouting from the high Alentejo plain in eastern Portugal resemble a field of mechanical sunflowers. Each of the 2,520 giant solar panels is the size of a house and they are as technically sophisticated as a car. Their reflective heads tilt to the sky at a permanent 45 degrees as they track the sun through 240 degrees every day.

The world’s largest solar photovoltaic farm, generating electricity straight from sunlight, is taking shape near Moura, a small town in a thinly populated and impoverished region which boasts the most sunshine per square metre a year in Europe. When fully commissioned later this year, the £250m farm set on abandoned state-owned land will be twice the size of any other similar project in the world, covering an area nearly twice the size of London’s Hyde park. It is expected to supply 45MW of electricity each year, enough to power 30,000 homes. (more…)

HSBC’s Canary Wharf HQ invests in solar power

June 5th, 2008 by kalyan89 in PV-General, Solar Installations

HSBC’s Canary Wharf office tower is the tallest corporate headquarter building in Europe to feature solar panels
3 Jun 2008
Source; HSBC PRDomain press release
http://www.prdomain.com/companies/H/HSBC/newsreleases/20086457728.htm

HSBC’s Canary Wharf office tower is the tallest corporate headquarter building in Europe to feature solar panels. Covering 617 square metres of the roof of the building, it is also the largest installation of photovoltaic panels on a corporate office in London.  HSBC’s energy saving measure illustrates the bank’s latest commitment to reducing its impact on the environment since it became carbon neutral in 2005. At 213 metres (700 feet) high, building engineers developed fixing techniques for the 422 solar panels to withstand wind speeds of up to 140 mph. (more…)

Mentarix, Delivering Higher Solar Panel Efficiency, Receives First Round of Financing from BAF Spectrum, Singapore

Singapore, June 4, 2008
Source: BAF Spectrum Pte Ltd press release/CompoundSemi Online
http://compoundsemi.com/documents/view/cldoc.php3?id=10263
Technology to Increase Solar Panel Efficiency by 20% Through Quantum Dot Nanotechnology

Singapore-based seed fund BAF Spectrum Pte Ltd today announced taking a 30 percent stake in Mentarix Pte Ltd, a Singapore-based solar photovoltaic component startup. The investment reflects BAF Spectrum’s strategy to invest in early-stage clean technology companies that provide new and innovative solutions.  By utilizing quantum dot nanotechnology and photonic technology, Mentarix plans to design and manufacture products that can increase solar photovoltaic cell operating efficiency by at least 20% from their relative baseline. The technology is applicable to both traditional crystalline silicon cells as well as thin film cells based on cadmium telluride/cadmium sulfide (CdTe/CdS), copper indium gallium selenide (CIGS) and amorphous silicon. (more…)

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