Solar Semiconductor Signs Contract with Q-Cells

Solar Semiconductor, an international company with offices in Sunnyvale, CA, USA and Hyderabad, India, has signed a multi year agreement with Q-Cells AG of Germany, for the supply of approximately $170M of 156 mm Mono and Multi-Crystalline cells. These cells will be used for high quality module production in Solar Semiconductor’s new highly automated Solar PV Module manufacturing plant in India. Hari Surapaneni, the Chief Executive Officer of Solar Semiconductor commented- “Q-Cells is known for providing high quality solar cells and we are excited about being engaged in this strategic partnership. Reliable, consistent and high quality A-grade cell supply is of strategic importance for Solar Semiconductor to ensure our commitment to deliver high Quality and high efficiency PV Modules to our customers across the world. With this business partnership with Q-Cells, we will be able to achieve our objectives and business goals. We have aggressive ramp up plans beyond 50 MW for module production, immediately doubling at the beginning of year 2008 and rapidly expanding in the coming years. It is important to choose a partner whose vision and technology road map is consistent with ours”. Anton Milner, Chief Executive Officer of Q-Cells commented: “We are delighted to have a […]

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Phoenix Solar Signs 25Mw Contract in Greece

Together with KG Allgemeine Leasing GmbH & Co. (KGAL), the Phoenix Solar Group is expanding into the Greek solar market. To this end, Phoenix and KGAL have signed a project development contract for a photovoltaic output of more than 25 megawatts with a local project developer situated in Athens, Greece. Owing to a law on feed-in tariffs for renewable energies passed in Greece last year, the country has now become one of Europe’s most attractive solar markets. In this sunny country, the remuneration for one kilowatt hour (kWh) of solar electricity fed into the grid is 40 Eurocents for PV plants of more than 100 kW peak power output on the mainland and as much as 45 Eurocents / kWh for plants of this size on the Greek islands. The tariffs are adjusted every year to take account of inflation. The local Greek partner has been commissioned by a company founded by Phonix Projekt & Service AG and KGAL to develop seven solar projects in various districts on mainland Greece. Phonix Projekt & Service AG is a wholly owned subsidiary of Phoenix Solar AG. The land needed for the construction of the solar electricity plants has already been secured by […]

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Renewables Increased 7% Says EIA

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Color Kinetics' Shareholders Approve Philips Merger

Color Kinetics Incorporated (Nasdaq: CLRK) announced that its shareholders at a special meeting held in Boston, Massachusetts today have adopted the merger agreement under which Color Kinetics is to be acquired by Philips Holding USA, Inc., a subsidiary of Koninklijke Philips Electronics, N.V. (NYSE: PHG, AEX: PHI). The merger agreement was announced by Philips and Color Kinetics on June 19, 2007. Completion of the transaction remains subject to the satisfaction or waiver of other conditions and terms of the merger agreement. The merger is expected to close on or about August 24, 2007. Website: http://www.colorkinetics.com     

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