1. Home
  2. Articles posted by: Rona Fried (Page 1316)

15 Green Cities

URL: [sorry this link is no longer available] Website: [sorry this link is no longer available]     

Read More

EPURON Seeks Permits for 25MW of Projects in Greece

EPURON GmbH has entered the Greek photovoltaic market with the set up of its new subsidiary EPURON EPE. The Greek subsidiary has requested permits to build large-scale projects with a total output of around 25 MWp to the Greek regulatory authority, laying the foundation for profitable gains in one of the sunniest countries in Europe. The project package requires investments of over 140 million euros. The development sites are planned to be distributed throughout the regions of Thessaly and Macedonia which will include sun-tracking and stationary frame systems. “Like Germany and Spain, we are aiming to lead the development of large-scale photovoltaic systems in Greek market. We are well on the way to achieve this with our project pipeline,” said Thomas-Tim Saevecke, member of the management team at EPURON, responsible for photovoltaics. Thanks to attractive feed-in tariffs, the Greek market is highly promising for renewable energy development. A new grid supply law was passed in Greece last year which will support an increase of photovoltaic capacity to a peak output of 700 megawatts in the next few years. Plants generating 500 megawatts are expected build on the mainland while 200 megawatt plants will build on the Greek islands. The remuneration […]

Read More

First Solar Files For 9.65M Share Offering

First Solar, Inc. (NasdaqGM:FSLR) has filed registration statement with the Securities and Exchange Commission for a proposed offering of up to 9,650,000 shares of its common stock. The 9,650,000 shares to be registered include 5,650,000 shares owned by certain stockholders of the Company. The Company intends to use the net proceeds it receives in the proposed offering to build a second four line production plant at its Malaysia manufacturing center, to fund the associated production start-up and ramp-up costs and for working capital and other general corporate purposes, including to fund possible future capacity expansions. The Company will not receive any of the proceeds from the sale of common stock by the selling stockholders. When available, a copy of the prospectus may be obtained by First Solar, Inc., 4050 East Cotton Center Boulevard, Building 6, Suite 68, Phoenix, Arizona 85040, Telephone (602) 414-9315. The registration statement relating to these securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale […]

Read More

First Solar Files For 9.65M Share Offering

First Solar, Inc. has filed a registration statement with the Securities and Exchange Commission for a proposed offering of up to 9,650,000 shares of its common stock. The 9,650,000 shares to be registered include 5,650,000 shares owned by certain stockholders of the Company. First Solar estimates that it will receive net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable, of approximately $423.2 million from the proposed offering. The company intends to use the net proceeds to build a second four line production plant at its Malaysia manufacturing center, to fund the associated production start-up and ramp-up costs and for working capital and other general corporate purposes, including to fund possible future capacity expansions. The company will not receive any of the proceeds from the sale of common stock by the selling stockholders. As a result, the company is now planning to expand its annual manufacturing capacity from 90MW in the second half of 2006 to 450MW by the first half of 2009. In August 2006, First Solar expanded its Ohio plant from one to three production lines, increasing annual manufacturing capacity to 90MW. In April 2007, the company started initial production at a 120MW manufacturing facility […]

Read More

Sunpower Reports Q2 Results

SunPower Corporation today announced financial results for the 2007 second quarter ended July 1, 2007. On a GAAP basis, SunPower reported revenue for the second quarter of $173.8 million, gross margin of 17.1 percent, an operating loss of $13.2 million and a net loss of $5.3 million resulting in a loss of $0.07 per share. These figures include operating expenses for impairment of acquired intangible assets of $14.1 million related to brand unification, amortization of purchase accounting intangible assets of $7.6 million and non-cash, stock-based compensation of $13.2 million. On a non-GAAP basis, which excludes non-cash purchase accounting revenue adjustments, revenue for the second quarter was $174.1 million, a 22 percent increase from the prior quarter’s revenue of $143.2 million. The Systems business segment accounted for $104.3 million of the second quarter revenue, while the Components business segment accounted for $69.7 million. For purposes of this segmentation, the Systems segment generally represents products and services sold directly to the system owner, while the Components segment includes products sold to installers and resellers. Revenue associated with SunPower solar panels sold through the Systems segment is recorded in the Systems segment. On a non-GAAP basis, adjusted to exclude non-cash charges for amortization […]

Read More