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SunPower acquires European solar energy firm SunRay for $277 million
US solar panel maker SunPower Corporation (SunPower) yesterday agreed to acquire SunRay Renewable Energy (SunRay), a leading European solar power firm for approximately $277 million, aiming at expanding its activities in Europe and the Middle East. SunPower will acquire SunRay from its shareholders, which include its management and Denham Capital, a leading global private equity… Read more »
Akeena Solar Announces Fourth Quarter and Year-End 2009 Results
Akeena Solar, Inc. (Nasdaq:AKNS), a leading installer of solar power systems and designer of AC solar panels, today announced results for the fourth quarter and year ended December 31, 2009. “2009 was a turning point for Akeena Solar as we diversified our revenue streams by launching the distribution sales of Andalay AC solar panels. Our… Read more »
Vestas secures order for 33 new wind turbines
Vestas Wind Systems has secured an order to help produce 33 new turbines for a New Hampshire wind farm, a contract that experts say should help sustain work at its Windsor plant. The Weld County operation, where the blades will be constructed, temporarily halted turbine work in December in light of weak sales. “The turbines… Read more »
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 »
More from across PES
Ciel & Terre EMEA has begun the European largest floating solar project’s installation
[Lille, France – June 26, 2024] – Ciel & Terre, pioneer in floating solar solutions, has started the anchoring installation and floating platform assembly for the future largest Floating Photovoltaic (FPV) power plant, the Ilots Blandin project in Haute-Marne, France. This project, initiated in 2019 by Q ENERGY, represents an installation of 72.3 MWp of… Read more »
Solar and wind are increasingly competitive in wholesale power markets, offer a hedge against the uncertain cost of other generation sources
New Berkeley Lab study quantifies solar and wind costs in relation to wholesale market costs, suggests that purchasers should in some cases rethink contracting practices. Since solar and wind power are not tied to the vagaries of fuel markets, their steady prices can serve as a hedge against wholesale power price fluctuations. As wind and… Read more »
Busch Group Companies Announce Joint Presence at Semicon West
The three companies of the Busch Group (Busch Vacuum Solutions, Pfeiffer Vacuum and centrotherm clean solutions) announce their joint presence at Semicon West 2024. This marks a significant milestone, as it will be the inaugural occasion that the Busch Group exhibits collectively in one booth in the US. Maulburg, June 26, 2024 – Visitors of… Read more »
ABB and Cleanwatts sign MOU to accelerate intelligent energy management in communities and buildings
AI-driven energy-sharing platform will be integrated with ABB energy management technology The partnership targets lower costs, enhanced energy visualization and efficiency, energy sharing and flexibility, and user convenience in renewable energy communities Both companies have signed a memorandum of understanding (MOU) to explore joint solutions ABB, a global technology leader in electrification and automation,… Read more »
Modulift at World’s First Offshore Energy Island
Specialist lifting equipment manufacturer, Modulift is facilitating the construction of a complex offshore energy project in the North Sea. Deemed to be the world’s first artificial energy island, “Princess Elisabeth” marks a significant milestone in renewable energy infrastructure development. Situated 30 miles off the coast of Belgium, in the 3.5-GW Princess Elisabeth offshore wind zone,… Read more »
Swiss Steel Group supplies Green Steel Stainless+ for completely stainless steel.
Swiss Steel Group has successfully launched Green Steel Stainless+. A new variant of completely stainless steel that meets the highest ecological standards. This innovative solution demonstrates our commitment to sustainability and the protection of our environment. Green Steel Stainless+ is characterized by its outstanding properties: Depending on the requirement profile, it is corrosion and heat… Read more »
Blue World completes successful testing of 200 kW maritime fuel cell system to run on green methanol
Neustark secures $69 million in funding to expand carbon removal solution globally
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