Evergreen Solar Shares Dip on Partnership
Evergreen Solar Inc (ESLR) shares were down yesterday since an SG Cowen analyst said that the Evergreen partnership deal announced this week will reduce the expected profits for 2006. The analyst diluted his estimates for per-share losses in 2006 by a penny to 18 cents and reduced his 2007 earnings estimate by 6 cents to 19 cents per share. Many of the analysts still think this partnership deal is very positive for the company, they just expect that it will postpone profitability out another year. The stock was down over 5% yesterday and it is trading lower this...
The Pending Solar Apocalypse Not!
Garvin Jabusch The hysterics around recent solar industry announcements that in general profit margins are narrowing are, as usual with all things solar recently, completely overblown. "Is This A Death Spiral for Solar Companies?" might be my favorite histrionic headline. Artist's depiction of death spiral in binary star system J0806 with two white dwarfs destined to merge. Image Source: NASA/Tod Strohmayer (GSFC)/Dana Berry (Chandra X-Ray Observatory) Yes, narrowing margins are making life difficult for smaller, higher cost producers. But this is and has always been a standard part of the evolution...
Spire to Provide $6.75 Million Solar Cell Production Line
Spire Corp (SPIR) announced that on March 16, 2006, Spire entered into a Turn-Key Project Agreement to provide a privately owned solar firm, located in Europe, a commercially sized, multi-megawatt, turn-key Photovoltaic Cell Manufacturing Line for $6.75 million. The new cell line will be integrated with an existing production line. Solar cells are one of the key components used in manufacturing solar modules.
Renewable energy touted in new study
Nearly 36,000 jobs could be created in Texas if an increase in the national renewable energy standard were adopted, according to a new study released by the Union of Concerned Scientists. A national standard would require that 20 percent of the country's electricity come from clean, renewable sources like wind, biomass and solar.
Positive Signs For For The Chinese Solar Sector
Doug Young Just months after tapping financial markets for nearly $250 million, solar panel maker Trina (NYSE: TSL) has just announced another plan to raise a similar amount as it tries to take advantage of improving sentiment towards its sector. Such fund-raising would have been unthinkable as recently as a year ago, when recovery of the solar panel sector was far from certain following a prolonged downturn. In a relatively positive sign, Trina’s latest fund-raising plan didn’t trigger a major sell-off in its shares, indicating investors are more confident of the company’s and the sector’s future prospects. Meantime...
Evergreen Solar Introduces Higher-Power Solar Panel
Evergreen Solar Inc (ESLR) introduced the new EC-120 is the latest in Evergreen Solar's Cedar Line(TM) of photovoltaic panels. With the same physical dimensions as the Company's current 110-watt and 115-watt panels, the new product delivers increased power from the same area. Through its patented String Ribbon technology, Evergreen Solar produces its panels using significantly less silicon than conventional production methods.
Epic Changes Are Coming in the Electric Power, Transportation and Energy Storage Sectors
John Petersen Epic is the only word I can use to describe an evolving tragedy that killed tens of thousands of people, inflicted hundreds of billions in property damage, destroyed 3.5% of Japan's base-load power generating capacity in a heartbeat and will cause recurring aftershocks in the global electric power, transportation and energy storage sectors for decades. While I'd love to believe the worst is behind us, I fear the times of trouble have just begun. Since it's clear that Japan will have to turn inward and serve the urgent needs of its own population first, the...
Hannon Armstrong’s Strong Q2 Keeps It In My Top Picks
By Jeff Siegel Hannon Armstrong (NYSE:HASI), one of my top picks for 2014, just made me very happy. Yesterday, the company announced its Q2 Core Earnings of $4.7 million or $0.22 per share. On a GAAP basis, the Company recorded net income of $2.9 million. Here are some other highlights. . . Raised approximately $70 million in April, 2014 in a follow-on offering. Increased the flexibility and expanded the capacity of its existing credit facility by $200 million. Completed more than $200 million worth of transactions, including the acquisition of a $107 million portfolio of land...
Evergreen Solar Silicon Supply Woes
Evergreen Solar Inc (ESLR) shares were down 9% on Monday after their primary supplier of raw materials pulled out of a contract. Evergreen Solar relies on granular silicon to make cells for solar panels. This silicon was supplied in part by MEMC Electronic Materials Inc. (WFR). MEMC previously agreed to supply Evergreen with 90 metric tons of granular silicon, but in January said it did not intend to ship most of the remaining balance of 53 metric tons. Evergreen plans to used its own crush chunks of silicon, but said it has not fully tested the process...
SatCon Launches Largest Photovoltaic Inverter in the Industry
SatCon Technology Corporation (SATC) announced that it has successfully launched its 500kW PowerGate(TM) inverter. The release of the PowerGate(TM) 500kW inverter was one of SatCon's major R&D milestones for 2006, and positions SatCon as the leading provider of high efficiency inverters for the rapidly growing solar markets. The 500kW AE-500-60-PV-A utility-grade PV inverter was successfully listed to the UL 1741 Standard and also received approval from the California Energy Commission (CEC). The acceptance of this inverter by the various agencies not only gives SatCon the largest commercial PV inverter in North America, it also gives SatCon the...
UL-Listed Aurora Inverters Star at Solar Power Show
Magnetek, Inc. (MAG) is exhibiting its new, state-of-the-art Aurora(TM) photovoltaic (PV) inverter line, just listed by Underwriters Laboratories (UL), at the Solar Power 2004 trade show opening today at the Hyatt Regency Embarcadero Center in San Francisco. Designed for residential applications, the 3.0-kilowatt Aurora inverters change the direct current produced by solar panels into utility-grade alternating current. Magnetek's new inverters are UL-1741 listed for connectivity to the electric utility grid and also UL tested for compliance with CEC and NYCERTA standards for grid-connection. Connectivity to the electric distribution grid enables Aurora inverters to feed power from solar panels...
Community Solar Providers In NYSEG Territory
See the Buyer's Guide to New York Community Solar for details on how New York community solar works and lists for other utility territories.
This list last updated on 9/9/2020.
VENDOR NAME
PRICING STRUCTURE
ADDITIONAL DETAILS
SPECIAL OFFERS
Abundant Solar Power
10% discount subscription model
Contract to be signed
Astral Power
10% discount subscription model (Broker for solar farms)
No cancellation fee. Bill needed in customer’s name
$100 check and $100 donation to Feedmore WNY
BlueWave Solar
10% discount subscription model (Broker for solar farms)
Links to own development as well as any external ones. Available services in your area found through ZIP code search.
Citizens Energy
20% discount subscription model (Nonprofit)
free cancellation; no fees; no credit...
Buffet Bet Comes Out for Solar
by Sean Kidney Warren Buffet is a famous proponent of value investing and he surely received a sign of the value in solar investments over fossil fuels last week. The MidAmerican Energy $850m Topaz solar project bond we mentioned a couple of weeks ago was so successful that a second tranche is expected to cover the remaining debt of the project. The offer was oversubscribed by $400m which would have mopped up the total $1.2bn of debt in the project; Buffet's Berkshire Hathaway (BRK-A) controls MidAmerican. In contrast, Buffet’s investment in $2bn of bonds from gas company...
Another State Mandate for Alternative Energy
Right on the heels of Colorado passing Amendment 37, Pennsylvania is waiting for State House approval on the passage of their own legislation mandating clean energy production. This new bill states that by 2020, utilities would be required to provide 18 percent of the electricity used in Pennsylvania from alternative sources, like wind, solar and waste coal. Wind should be the big winner for this region.
Community Solar Providers In National Grid Territory
See the Buyer's Guide to New York Community Solar for details on how New York community solar works and lists for other utility territories.
VENDOR NAME
PRICING STRUCTURE
ADDITIONAL DETAILS
SPECIAL OFFERS
Abundant Solar Power
10% discount subscription model
Contract to be signed
Amp Energy
Mostly 10% subscription model
12-month contract with auto-renew option, termination fees waived with proper notice
Astral Power
10% discount subscription model (Broker for solar farms)
No cancellation fee. Bill needed in customer’s name
$100 check and $100 donation to Regional Food Bank of Northeastern NY
Ampion
10% discount subscription model
Free cancellation at any time, excess credit is banked
BlueWave Solar
10% discount subscription model (Broker for solar farms)
Links to own development as...
Metrics for Thin Film Solar CIGS Company Comparisons
Joseph McCabe Many people ask me, “which CIGS company is going to emerge as winner in the race towards high efficiency thin film PV’s? To provide an enlightened perspective to the question, some historical perspectives are needed. First Solar (FSLR) has helped the Thin Film PV Industry by proving that respectable solar to electric area efficiencies can be achieved in a low cost manufacturing processes, with respectable performance over time. First Solar’s technology is cadmium telluride (CdTe) on glass. Previously, amorphous silicon was the thin film leader, with the highest commercially available thin film area efficiencies; currently they...
