Solar Cells Info

First Solar Announces Expansion. Additional Four Production Lines to Support New Long Term Module Supply Agreements Totalling 557MW
Phoenix, AZ, Nov 5, 2007
Source. First Solar Inc, press release
http://investor.firstsolar.com/releasedetail.cfm?ReleaseID=273313

First Solar, Inc. (Nasdaq:FSLR) announced today that it has entered into new long term module supply agreements with a subsidiary of international investment and funds and asset manager Babcock & Brown (Australia:BNB), and Ecostream Switzerland GmbH, a subsidiary of Econcern BV, which focuses on developing solutions for sustainable energy supply. The new agreements expand contracted module volume by a total of 557MW, allowing for additional sales of approximately $1 billion at an assumed exchange rate of $1.30/E1.00 over the period of 2008 to 2012. The agreements are structured on terms similar to First Solar’s existing long term supply agreements.
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Phoenix, AZ, Nov 30, 2007
Source: First Solar Inc, press release
http://investor.firstsolar.com/releasedetail.cfm?ReleaseID=279341
First Solar, Inc. (Nasdaq:FSLR) announced that it has acquired Turner Renewable Energy, LLC for a purchase price of approximately $34.3 million paid in a combination of common stock of First Solar, Inc. and cash. The company will operate as a wholly owned subsidiary of First Solar, Inc. under the name First Solar Electric, LLC.
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Santa Clarita, CA – December 3, 2007
Source. Biosolar Inc. press release
http://www.biosolar.com/view_news.php?id=19
BioSolar™, Inc. (OTC BB:BSRC), developer of a breakthrough technology to produce bioplastic materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today announces that the company has successfully completed a scale up production run of high quality biobased plastic film intended for use as a backing sheet for photovoltaic cells.
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Aliso Viejo, CA, Dec. 3, 2007
Source. PR Newswire/CNN Money.com
http://money.cnn.com/news/newsfeeds/articles/prnewswire/CLM05703122007-1.htm

XsunX, Inc. , a solar technology company engaged in the build- out of its multi-megawatt thin film photovoltaic (TFPV) solar module manufacturing facilities, today provided progress updates on its efforts to establish its TFPV manufacturing infrastructure.  In November, the Company announced that it had secured a $21 million equity financing commitment to support the launch of its base line production system and the first 25 megawatts of its planned 100 megawatts of solar module manufacturing capacity.
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1-Megawatt Solar Power System and HP Employee Solar Purchase Program Planned
SAN JOSE, Calif., Nov 27, 2007
Source: SunPower Corp. press release
http://investors.sunpowercorp.com/releasedetail.cfm?ReleaseID=278728

SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems, today announced that it is working with HP to design, install and operate a 1-megawatt solar electric power system on HP’s printer manufacturing facility in San Diego. SunPower is also working with HP to provide HP employees with solar electric power systems on their homes at preferred rates. (more…)

New Plant in DaeDeok Techno Valley to Produce Ingots for SunPower Using Polysilicon from DC Chemical
San Jose, CA, Nov 27, 2007
Source, SunPower Corp. press release
http://investors.sunpowercorp.com/releasedetail.cfm?ReleaseID=278734

SunPower Corporation (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Woongjin Energy Corp. (WJE), its joint venture with Woongjin Holdings Company Ltd., will dedicate a new 46,200-square-meter solar silicon ingot pulling factory on November 28th. The factory will be the largest of its kind in Korea. Distinguished guests will include the governor of ChungNam Province, the mayor of DaeJeon City, and SunPower executives. The new WJE factory is headquartered in the DaeDeok Techno Valley business park in DaeJeon City, Korea and will produce silicon ingots exclusively for solar cell production. Polysilicon for this venture will be supplied primarily from DC Chemical, Korea’s largest chemical company. All ingots produced at the factory are expected to be exported.
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San Jose, CA, Nov 28, 2007
Source: Sunpower Corp. press release
http://investors.sunpowercorp.com/releasedetail.cfm?ReleaseID=278916

SunPower Corp. (Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Morgan Stanley has agreed to provide the company with up to $190 million in financing for future commercial and public agency solar electric power installations. The financing will be available for qualifying installations that SunPower delivers to customers under its SunPower Access(TM) program through 2008. The program allows companies and public agencies to purchase solar-generated electricity as an alternative to purchasing the solar power systems themselves. (more…)

November 30, 2007
Source: Moser Baer Photovoltaic, press release
http://www.moserbaerpv.in/media_pr_details.asp?id=8

Moser Baer Photo Voltaic (MBPV), a wholly owned subsidiary of Moser Baer India, today announced that it has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for setting up of a large Solar Power Project in the State with an estimated generation capacity of 1 ~ 5 MW. The project will be the largest grid-connected solar farm in India and entail an investment of around USD 25 million (Rs 100 crores) at USD 4.5 million per MW. The MoU was signed today at the ‘Resurgent Rajasthan’ summit at Jaipur between MBPV and Rajasthan Renewable Energy Corporation (RREC).
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* CE-LAB GmbH Ilmenau certifies compliance with Protection Class II requirements
* Key milestone is reached for a successful market launch
* Sales due to begin in spring 2008

Erfurt, 1 November 2007
Source: ersol solar energy, press release
http://www.ersol.de/en/newsmediarelations/pressreleases/pressrelease/news/1193904705/
?tx_ttnews%5BbackPid%5D=227&cHash=8c077f50a8

Following the successful (Protection Class II) verification by the independent accredited CE-LAB GmbH Ilmenau EMC laboratory, ersol Thin Film GmbH, a 100 percent owned subsidiary of ersol Solar Energy AG (ersol), has reached an important milestone for the market launch of the ersol “Nova-T” thin-film module. This guarantees the secure insulation of the system voltage (up to 1,000 Volt) in the module (ensuring protection against electric shock) and thus electric security. Furthermore, Protection Class II verification is a necessary prerequisite for awarding the CE label and is also a major element of the safety qualification for photovoltaic modules. The results of the Protection Class II tests will be used in the certification process (IEC 61730). The entire certification, which is not a mandatory prerequisite for using the modules in PV systems, is not expected until 2008, because of the prolonged test period.
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*  Module manufacturer asola Advanced and Automotive Solar Systems GmbH concludes EUR 230 million contract with ersol
* Cell deliveries for a period of 10 years
* Joint focus on the US market with California-based Quantum Fuel Systems Technologies Worldwide, Inc.

Erfurt, 2 November 2007
Source: ersol solar energy, press release
http://www.ersol.de/en/newsmediarelations/pressreleases/pressrelease/news/1193999918/
?tx_ttnews%5BbackPid%5D=227&cHash=2a678ec741

From 2008, ersol Solar Energy AG (ersol) will deliver silicon solar cells to the module producer ASOLA (Advanced and Automatic Solar Systems), based in Erfurt, Germany. To this end, both companies have today signed a long-term supply agreement that will run until 2017. The total volume of the contract amounts to around € 230 million. ersol is scheduled to receive down payments from asola, which will later be credited to the German module producer, when purchasing solar cells, in the form of a purchase price reduction.
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