1. Home
  2. Articles posted by: Rona Fried (Page 1520)

BP Solar: Expands to Largest US Facility

BP Solar’s expansion plans will make it the largest fully integrated solar plant in North America – it will also integrate key green building features. The company plans to expand its North American headquarters in Frederick, MD., investing $70 million to double its US solar manufacturing capacity (to 150 MW) and adding 140,000 square feet of building space. Construction is slated to begin in the first half of 2007 and finish by the end of 2008. According to Lee Edwards, BP Solar CEO, “In addition to expanding our manufacturing capacity, our plans are to upgrade the interior of the existing facilities and to use sustainable building techniques such as a roof garden, bio-retention, extensive water recycling and the utilization of LEED (Leadership in Energy and Environmental Design) design components such as energy efficient lighting, heating and cooling.” BP Solar has over 2200 employees with manufacturing facilities in the U.S., Spain, India and Australia.

Read More

Phönix SonnenStrom Reports Results

German solar manufacturer Phonix SonnenStrom AG (ISIN DE000A0BVU93) announced it made up for a weak first half year with its third quarter performance. Revenues were Euro 28.6 million, an increase of over 30% from the previous year. EBIT stands Euro 1.49 million, exceeding the same quarter 2005 by almost 25%. EBIT margins were 5.2%, considerably higher than 0.7% in the preceding quarter, but still slightly lower than the previous year 5.4%). Sales in its Power Plant division soared 360% in the third quarter compared to Q3 2005. Several major projects were completed – sales revenues came to Euro 14.2 million as compared with Euro 3.1 million Q3 2005. Sales declined by 16% in the Components & Systems division, from Euro 18.8 million to Euro 14.4 million. For the first nine months of 2006, revenues totalled Euro 65.3 million, virtually unchanged from the previous year. In the same period, EBIT stood at Euro 1.77 million compared with Euro 4.0 for 2005. Consolidated pre-tax profit came in at Euro 1.17 million (third quarter of 2005: Euro 2.61 million). Phonix SonnenStrom Group has Euro 36.5 million in orders. The Board of Directors adjusted its sales and earnings forecast for 2006, taking into market […]

Read More