Results for: solar

June 16 2015

Gamesa to Double Profit Helped by New Turbine for U.S., Europe

The 3.3-megawatt turbine will help Gamesa grow in markets like the U.S. and Europe where it previously struggled, Xabier Etxeberria, executive director-general, said on a conference call Tuesday. That will help in the goal of raising earnings before interest and taxes to 362 million euros ($406 million) the year after next, from about 180 million euros in 2014.

June 15 2015

JA Solar Forms Committee to Evaluate CEO’s Buyout Offer

The board has formed a committee to consider the proposal to take the Shanghai-based company private, JA Solar said in a statement Monday. Shaohua Jia, who was appointed as an independent director in 2012, will lead the committee.

June 15 2015

Yingli Negotiating to Sell 50-Megawatt Solar Project in China

The solar farm is connected to the grid and the sale is expected to be complete in the second half of this year, Baoding, China-based Yingli said in a statement Monday. China General Nuclear Power Group provided a 10-year loan of 300 million yuan ($48 million) to help build the project, which will offset about 50,000 tons of carbon emissions annually.

June 12 2015

Sustainable Power Secures Three 20-Year Contracts in California

The power-purchase contracts with Edison International and PG&E Corp. cover power plants with 11.7 megawatts, 4 megawatts and 3.7 megawatts of capacity, the Salt Lake City-based company, said in a statement Friday. Terms weren’t disclosed.

June 11 2015

QSolar Board Plans to Resign Saying There’s ‘No Viable’ Strategy

The interim board of directors, appointed in April by the Court of the Queen’s Bench in Alberta, reached its decision “after review of the sparse financial and operational information left by former management and directors,” according to a Marketwired statement released Thursday.

June 11 2015

Renewable Energy Trust Borrowing $54 Million to Buy Solar Farm

RET Capital didn’t provide terms for the non-recourse debt facility in a statement Thursday. It agreed to buy the CityLights solar farm in Chesterville in April, the San Francisco-based company’s third acquisition of a solar farm developed by Canadian Solar.

June 10 2015

8point3 Solar Venture Seeks $483 Million in Stock Offering

8point3 plans to sell as many as 23 million shares for $19 to $21 each, according to a statement Wednesday. It will trade on the Nasdaq under the symbol CAFD. The proceeds will be used to pay the partnership’s owners and for general corporate purposes, including future acquisitions.

June 10 2015

Amazon Backing 80-Megawatt Solar Farm for Virginia Data Centers

The Amazon Solar Farm U.S. East project in Accomack County is expected to begin operating by October 2016, the Seattle-based retailer said in a statement Wednesday. Financial terms weren’t disclosed.

June 10 2015

BlackRock-Backed REG Buys Turbines, Doubles U.K. Capacity

Spain’s biggest wind-turbine manufacturer will install 19 turbines at sites from south Wales and the Midlands to northern U.K. for a combined capacity of 38 megawatts, REG said Wednesday in an e-mail. The facilities, costing 48 million pounds ($74 million), are expected to start working within 18 months and will raise the developer’s onshore wind capacity in the U.K. to 73 megawatts.

June 9 2015

Toshiba Mitsubishi Doubles Solar Capacity on Asia, U.S. Demand

Production of inverters, which allow solar power to be fed into grids, will begin at a factory in Texas in late July and at a plant in Yancheng, China, as early as October, said Hidehiko Kikuchi, head of the power electronics systems division at Toshiba Mitsubishi-Electric Industrial Systems Corp. TMEIC has been making inverters at three plants in Tokyo, Shanghai and India.