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Business Deal for a 50 MW PV module manufacturing line between P.Energy and the Solar Semiconductor

February 27th, 2007 by kalyan89 in Press Releases, Reports, PV-General

16 Feb 2007 –
source: PEnergy /press release
http://nuke.penergy.it/Default.aspx?tabid=137

SOLAR SEMICONDUCTOR, an international Solar PV company with offices in Sunnyvale, CA, USA and Hyderabad, India and P-ENERGY S.A.S., a world-class supplier of module manufacturing equipment of Italy announce that they have entered into a contract for the purchase of a state of the art module manufacturing line. SOLAR SEMICONDUCTOR has acquired a highly automated Solar PV Module manufacturing line with an annual capacity of approximately 50MW, from P. ENERGY of Italy. SOLAR SEMICONDUCTOR also has an option to double the capacity with an additional line within a year of the installation of the first line. Aquarius International, the Indian representative of P.ENERGY has assisted in facilitating the successful negotiation and conclusion of this contract.
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UK Universities in £1.5m drive to cut cost of solar power

February 27th, 2007 by kalyan89 in Press Releases, Reports, PV-General

27 Feb 2007
Source:  http://www.manchester.ac.uk/aboutus/news/display/?id=104935

Chemists, physicists, materials scientists and electrical engineers in Manchester and London are embarking on a £1.5m project to develop new and potentially cheaper ways of generating solar power. The three and a half year project, funded by the Engineering and Physical Sciences Research Council (EPSRC), will investigate a number of new and novel solar cell designs, in an attempt to produce a more efficient system for generating green energy.
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Solaria shines light on high-powered solar panel

February 26th, 2007 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

Solar start-up wants to double the amount of light going into a solar cell to boost output and lower overall cost.
By Martin LaMonica /Staff Writer, CNET News.com /February 22, 2007
Source: CNet news
http://news.com.com/Solaria+shines+light+on+high-powered+solar+panel/2100-11392_3-6161457.html

Solaria, a solar electric start-up, has devised a novel way to get more power from a solar cell: chopping it up into many pieces.  The company’s CEO, Suvi Sharma, gave an early peek at his company’s products Wednesday at Piper Jaffray’s Opportunities in Alternative Energy investor conference in New York.

Solaria is one of several companies pursuing solar concentrators as a way to increase the output coming from solar cells. Solar concentrators use optics, such as mirrors or lenses, to focus sunlight onto the solar cells that convert light to electricity. By magnifying light, designers can generate more power from solar cells made of silicon and other expensive materials. Rather than dramatically boosting the sun’s power, Solaria intends to only double the light’s rays in its initial products, which are coming out this year, said Sharma. A future product, due next year, will triple the light’s intensity.
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ErSol Solar Energy AG continues its growth course in 2006 with a significant earnings increase

February 26th, 2007 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

Source: ErSol Press Release 21 February 2007
http://www.ersol.de/en/pm.php?type=pm&id=129&year=2007

* Sales doubled in 2006 to € 127.8 million and EBIT to € 20.3 million
* 2007 will be marked by strong expansion activities
* Significant boost in earnings and sales in 2008
* Continued focus on technological progress – cooperation with US company
Silicon Valley Solar Inc. (SVS)

ErSol Solar Energy AG (ErSol), Erfurt has once again closed off the previous financial year with record results. Based on preliminary calculations, consolidated sales grew in 2006 by 98% to € 127.8 million (2005: € 64.4 million) following the Group’s capacity expansion, deliveries already accrued, thanks to the long-term raw materials agreements concluded in 2005, and the integration of the silicon-recycling subsidiary SRS in financial year 2006. Earnings have also shown disproportionate growth despite start-up costs for new business segments: earnings before interest and taxes (EBIT) were more than doubled to € 20.3 million (2005: € 9.5 million) and the EBIT margin grew to 15.9% (2005: 14.7%). ErSol has also recorded a sharp growth in earnings before taxes (EBT): EBT increased to € 19.7 million (2005: € 9.5 million).
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Student Co. Cashes in on Solar Power ( the success story of Silicon Solar )

February 26th, 2007 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

By Jessica DiNapoli /Sun Senior Writer   / Feb 26 2007
Source: The Cornell Daily Sun
http://www.cornellsun.com/node/21656

“I’m not going to lie, I work a lot — probably from 8 a.m. until 1 a.m.” said Adam Farrell ’06. “But I party just as hard.”  Farrell has a jam-packed agenda as co-founder of Silicon Solar — a company with over 82,000 customers and estimated sales of $5 million that is expanding across America and into China. “We have over 300 products, from small innovative type things to solar hot water systems,” said Patrick McDonough ’06, sales and marketing for Silicon Solar.

One such product is a solar light that sits atop real estate signs, so that they light up at night. Silicon Solar had humble beginnings as a high school earth science project: as Farrell worked on his project, he realized that he could save money. So, instead of purchasing solar cells from Radio Shack for $5, Farrell looked into buying solar cells in bulk from a warehouse in Massachusetts. In bulk, the cells cost about ten cents. “That’s a pretty good margin,” Farrell said.
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Aleo Solar extends supply contracts with Q-Cells for further 110 MWp of solar cells

February 26th, 2007 by kalyan89 in Press Releases, Reports, PV-General, SC Company Reports

26.02.2007
Source: Aleo Solar AG /press release
http://www.presseportal.de/story.htx?nr=946325&ressort=7

Prenzlau/Oldenburg – Aleo Solar AG has signed a contract package with Q-Cells AG, doubling the delivery volume of solar cells  under two existing contracts. Only a few days ago, Aleo solar announced the conclusion of a supply contract with Q-Cells for its Spanish manufacturing subsidiary in Barcelona. All in all, Aleo Solar has now signed medium- and long-term contracts with a total of three prominent suppliers. The total volume of contractually secured solar cells for the next 10 years amounts to well over 600 MWp.

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Cheap solar power poised to undercut oil and gas by half

February 22nd, 2007 by kalyan89 in PV-General, Solar Energy - general

By Ambrose Evans-Pritchard / 18 Feb 2007
Source: Telegraph – UK
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/02/19/ccview19.xml

Within five years, solar power will be cheap enough to compete with carbon-generated electricity, even in Britain, Scandinavia or upper Siberia. In a decade, the cost may have fallen so dramatically that solar cells could undercut oil, gas, coal and nuclear power by up to half. Technology is leaping ahead of a stale political debate about fossil fuels.   Anil Sethi, the chief executive of the Swiss start-up company Flisom, says he looks forward to the day – not so far off – when entire cities in America and Europe generate their heating, lighting and air-conditioning needs from solar films on buildings with enough left over to feed a surplus back into the grid.
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San Francisco City seeks partner for solar program

February 22nd, 2007 by kalyan89 in Press Releases, Reports, PV-General, Solar Installations

Bonnie Eslinger, The Examiner  /Feb 22, 2007
Source: Examiner.com
http://www.examiner.com/a-579028~S_F__seeks_partner_for_solar_program.html

SAN FRANCISCO – The City is ready to partner with a private company to develop large-scale solar power facilities — and has $100 million of bond revenue to bring to the table — Mayor Gavin Newsom announced at a gathering of green technology entrepreneurs and investors Wednesday. Although voters approved a $100 million revenue bond measure in 2001 to pay for solar equipment on city-owned buildings, that money has gone unspent because of a restriction that required each solar project to generate power that would cost the same or less than using electricity from the traditional power grid, according to Tony Winnicker, a spokesman for the San Francisco Public Utilities Commission.
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Finally, Israel’s first solar-power plant is making headway

February 22nd, 2007 by kalyan89 in Press Releases, Reports, PV-General, Solar Installations

By Sharon Kedmi / Feb 22, 2007
Source: Haaertz
http://www.haaretz.com/hasen/spages/828955.html

After years of delays and postponements, a tender for building Israel’s first solar-power plant is to be issued this year. The 250-megawatt plant will be built on 4,000 dunams (1,000 acres) in the Ashalim complex in the Negev. In 2001, the cabinet decided that by 2007, 2 percent of the country’s energy production – or some 300 megawatts – would come from alternative-energy sources. To date, only 5 megawatts are being generated by such plants.
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Developer Lennar Homes makes solar power standard for all new homes in Bay Area

February 22nd, 2007 by kalyan89 in Press Releases, Reports, Solar Installations

By Barbara E. Hernandez
CONTRA COSTA TIMES / 22 Feb 2007
source: Contra Costa Times
http://www.contracostatimes.com/mld/cctimes/news/local/states/california/16755975.htm

DANVILLE – One of the nation’s leading home builders pledged to install solar power systems in all its new homes in the Bay Area, representatives for Lennar Corp. said Wednesday. Lennar made the announcement at its upscale, all-solar development in the Milano housing community in Danville. Three other projects in San Ramon slated to open this year will be solar-powered. “Our marketing platform is that everything is included,” said Peter Beucke, vice president of the Bay Area division of Lennar. “So every home in Milano will come with a solar package. … It’s now a standard inclusion in our homes.”
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