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World's Largest Solar Photovoltaic Park Opens in Germany

The world’s largest solar park officially opened in the central Bavarian town of Mhlhausen on Thursday. The project has a 10MW of power capacity (57,600 PV panels) and consists of three solar parks in Muehlhausen, Guenching, and Minihof in Bavaria. The plant will not be the record holder for very long though because by the end of 2005, a solar park in northern Bavaria is expected to produce more than 12 million kilowatt hours per year. California-based PowerLight Corporation supplied the system: its PV tracking system follows the sun as it moves across the sky, enabling more electricity to be generated than from conventional fixed systems. The modules are from Sharp Electronics and the inverters and other construction equipment are from Siemens AG. Solar Energy Fund Bavaria financed the project – investors can still obtain shares in their closed fund. Under the German Renewable Energy Law (EEG), the fund benefits from a legally fixed payment for the produced power.

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Wild Oats Upgraded on Sales Growth Outlook

In the past several months, Wild Oats Market (Nasdaq:OATS) has been upgraded to “buy” by numerous analysts that project the long-awaited turn-around the company is here. Lately, same-store sales have been growing faster than expected. RBC Capital Market upgraded the company from sector perform to outperform. Analyst Edward Aaron also raised his 12-month stock price target to from $11 to $15, his 2005 earnings estimate from breakeven to 3 cents a share and his 2006 forecast from 15 cents to 30 cents a share. He believes second-quarter same-store sales growth could top forecasts of 3% to 4%.

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