Press Releases
UTC Exec Says More Energy Investments Possible
A month after United Technologies Corp. announcing that it closed on a $270 million deal to acquire nearly half of a California wind turbine manufacturer, the chief financial officer says the conglomerate is interested in other investments in alternative energy. CFO Greg Hayes said at an analysts meeting Thursday that the acquisition of Clipper Windpower… Read more »
Datang renewable energy unit eyes $1 bln HK IPO-sources
China Datang Corp, the country’s second-largest power producer, plans to float shares of its renewable energy unit in a Hong Kong IPO, which is expected to raise at least $1 billion, sources close to the deal said. Analysts expect a potential wave of issuance from the nation’s power producers at a time when valuations of… Read more »
DEK Solar continues to thrive in China; powers escalating market demand
DEK Solar is reflecting on an extremely positive Q4, having sold a record number of photovoltaic metallization lines in China. Most recently, the solar screen printing specialist completed a contract to supply a high-profile turnkey provider in the region with a large number of new metallization lines. DEK Solar’s current success in China is being… Read more »
Wind Is Key to Turkey’s Growing Energy Needs
The European Wind Energy Association (EWEA) this week at a workshop in Turkey, said that Turkey must exploit its huge wind energy resources if it wants to meet its increasing power demand while becoming less dependent on energy imports. The workhop on integrating wind power was held in Ankara and organized by the European Wind… Read more »
Group Urges Texas to Promote More Solar Power Use
With a surplus of both land and sunshine, Texas could easily be the nation’s leader in solar power generation but needs more help from state leaders, advocates said Wednesday. A coalition of environmentalists, politicians and more than 80 businesses held events around the state to release a letter urging Gov. Rick Perry and the Texas… Read more »
Renewables Industry Promotes Its Potential
Funds from the $787 billion stimulus package and other federal assistance kept growth in the renewable energy sector strong in 2009, a trend that will probably persist as federal investment continues to pay off over the coming year, industry leaders said in a teleconference Tuesday. The picture was especially good for the solar industry, which… Read more »
Renewable Energy Declines to Record Low on Forecast
Renewable Energy Corp. ASA, the Norwegian maker of solar-energy components, fell to a record low in Oslo trading after predicting lower earnings this quarter. Renewable Energy, known as REC, fell 6.87 kroner, or 20 percent, to 27.61 kroner, the lowest since the initial public offering in May 2006.Earnings before interest, taxes, depreciation and amortization will… Read more »
Linde achieves growth, invests in innovation despite over-capacity in PV industry
Defying the impact of a depressed economy on market movements, the Linde Gases Division of The Linde Group closed 2009 with more than 6GWp (Gigawatt peak) of production capacity across its global photovoltaic (PV) customer base. Linde demonstrated increased market traction securing multiple new contract wins and renewals with leading thin-film and crystalline manufacturers worldwide… Read more »
Austin Energy Revamps Solar Incentive Program
Austin Energy has devised a new approach for incentivizing solar power among its commercial, multifamily, and non-profit customers. The municipal electric utility said the new approach saves $2.4 million over the life of the program compared to the old way of administering the program for those customers. Rather than provide an upfront rebate on the… Read more »
Energy Conversion Devices Reports Financial Results for Second Quarter of Fiscal Year 2010
Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced financial results for the second quarter of its fiscal year 2010. Total consolidated revenues for the second quarter of fiscal 2010 were $52.9 million compared to $103.1 million in… Read more »
