Canada Creates Huge Protected Forest Reserves
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Hoku Signs $306M Silicon Contract
Hoku Scientific, Inc. (NasdaqGM:HOKU) will supply polysilicon to a Hong Kong based manufacturer of photovoltaic cells and modules for the next eight years under a new supply contract signed by the two companies. Solarfun Power Hong Kong Limited, a subsidiary of Solarfun Power Holdings Co., Ltd. (NasdaqGM:SOLF) will pay up to approximately $306 million, beginning in mid-2009 at set prices that will decline over the life of the agreement, according to the two companies. The contract also provides for an initial deposit of $10 million to Hoku on or before December 28, 2007, and requires that Solarfun make additional prepayments for products in the aggregate amount of $45 million, which are to be paid to Hoku in three installments. Hoku will grant to Solarfun a security interest in its polysilicon assets to secure Hoku’s obligation to repay $55 million to Solarfun as a credit against product shipments over time. Hoku is in the process of building a polysilicon plant in Pocatello, Idaho that is being designed for annual production up to approximately 2,500 metric tons of polysilicon. Hoku is currently planning a Phase II expansion of the polysilicon plant to expand capacity beyond 2,500 metric tons. Hoku’s customers, including SANYO […]
Trina Solar Q3 Drives Share Prices Down
Trina Solar Limited (NYSE: TSL), a china-based manufacturer of solar photovoltaic products saw its share prices fall roughly 25% last week after reporting profit increases that fell short of analysts’ predictions. Shares of the company had risen more than 150% for the year due to increased demand for its solar modules, and gross profit for Q307 was up 95.4% from Q306 to $16.6 million. However, shares were down $12.28 to $36.60 before the Thanksgiving Holiday. By midday Monday, the price had recovered only slightly to $37.42. The company reported total net revenues of $82.6 million for Q307, an increase of 155.2% from Q306. In addition, the company says solar module shipments increased to 21.15 MW from 20.33 MW in Q207 and up 164.0% from 8.01 MW in Q306. Mr. Jifan Gao, Trina Solar’s Chairman and CEO, “We are pleased with our results during the third quarter of 2007. As we prepared for capacity increases to come on line during the fourth quarter, we benefited from higher average sales price while further demonstrating our strong sales and marketing capabilities in both existing and new markets. In addition, during the quarter we commenced in-house test production of both multicrystalline ingots and wafers, […]
SUEZ Announces Executives in New Renewable Energy Division
Paul J. Cavicchi has been appointed president and CEO of SUEZ Energy North America’s (SENA) new renewable energy business division. The SUEZ Renewable Energy North America (SRENA) division is responsible for all renewable energy initiatives in North America, including wind, hydro, biomass, and solar energy projects. Among its activities, the division now manages the third largest biomass portfolio in the United States and the Canadian wind power operator and developer Ventus Energy Inc., acquired by a SENA affiliate last month. Cavicchi has been with SENA and its predecessor company since 1991. He most recently served as executive vice president of Business Development for SENA, and prior to that as president and CEO for SUEZ Energy Generation NA, Inc. John Douglas, the co-founder, president and CEO of Ventus Energy Inc. and newly appointed chief operating officer of wind development for SRENA, will report to Cavicchi and be responsible for optimizing and expanding SRENA’s Canadian portfolio of 25 wind energy development projects in six provinces in eastern Canada and for SRENA’s U.S. wind development. “SUEZ Energy North America understands the increasingly important role renewables will play in the future of North American energy supply and is committed to expanding and developing its […]
APX to Create New Carbon Credit Registry
Another organization has been tapped to address concerns about the legitimacy of carbon credits to be traded in global markets. APX, Inc. has been selected to develop and manage a greenhouse gas emissions offset registry for the Switzerland-based Gold Standard Foundation. APX technology is currently in use in numerous renewable energy markets in North America, including the PJM (GATS), ISO New England (NEPOOL GIS), WECC (WREGIS), MISO (M-RETS) and ERCOT (Texas REC) markets. Users of these systems include environmental commodity brokers, marketers, generators, and load serving entities. The Gold Standard Foundation provides a quality label and sets international standards for offset credits and related transactions in the worldwide voluntary carbon market. Set up in 2003 by the World Wildlife Fund, SouthSouthNorth, and Helio International, the organization has the endorsement of more than 49 environmental NGO’s around the world. According to the Gold Standard Foundation, APX will guarantee the transparency, quality, reliability, and security of carbon greenhouse gas emission offsets to meet exacting standards. John Melby, President and CEO of APX, said, “This important assignment underscores the rapid global growth of the emissions offset marketplace requiring the high-quality, reliable, and transparent data infrastructure we provide to support voluntary markets and ‘cap-and-trade’ […]
Comparison of Chinese Polysilicon Based Solar Module Manufacturer
URL: http://seekingalpha.com/article/55233-comparison-of-chinese-polysilicon-based-solar-module-manufacturers?source=yahoo Website: http://seekingalpha.com/article/55233-comparison-of-chinese-polysilicon-based-solar-module-manufacturers?source=yahoo
German Solar Vendor to Build Headquarters in Cleveland
URL: http://www.cleveland.com/business/plaindealer/index.ssf?/base/business-4/1195551468201250.xml&coll=2 Website: http://www.cleveland.com/business/plaindealer/index.ssf?/base/business-4/1195551468201250.xml&coll=2
China and India Sign Climate Change Agreement
China and India signed an agreement Wednesday that aims to stabilize greenhouse gas emissions in Asia–a move that suggests the two countries with rapidly expanding economies and emissions may be prepared to join the next international climate treaty. According to a copy of the final text obtained by Reuters, the 16 nations of the East Asia Summit “commit to the common goal of stabilizing atmospheric greenhouse gas concentrations in the long run, at a level that would prevent dangerous anthropogenic interference with the climate system.” In addition, the document says the Southeast Asian nations including China, India, Japan, South Korea, Australia and New Zealand agreed that “all countries should play a role in addressing the common challenge of climate change, based on the principles of common but differentiated responsibilities and respective capabilities; and that developed countries should continue to play a leading role in this regard.” The UN’s climate change conference convenes in Bali, Indonesia in two weeks to begin negotiating a follow up to the Kyoto Protocol, which concludes in 2012. As non-industrialized nations, China and India were excluded from the emission-cutting targets of the Kyoto Protocol. President George W. Bush pulled the U.S. out of the Kyoto agreement, […]
SunOpta to Open Joint Venture Cellulosic Ethanol Plant
SunOpta BioProcess Inc. (SBI), a division of SunOpta Inc. (NasdaqGS:STKL; Toronto:SOY.TO) plans to open a 10 million gallon per year cellulosic ethanol plant as a joint venture with Central Minnesota Ethanol Co-op (CMEC) of Little Falls, Minnesota. The proposed operation is expected to be located adjacent to CMEC’s existing 21.5 million gallon per year corn starch to ethanol plant, and will use local wood chips as raw material feedstock. The plant will utilize SBI proprietary and patented technology together with CMEC’s existing infrastructure, raw material supply sources and operational expertise. The critical pretreatment process step will utilize SBI’s proprietary auto hydrolysis process, which uses only heat and steam to pre-treat and partially hydrolyze lignocellulosic materials. In this process, the company says no external chemical catalyst is required and water contained in the raw material feedstock is efficiently utilized, eliminating the need for large external water sources. The patented pretreatment technology, known as “steam explosion,” is currently being utilized in a number of commercial demonstration cellulosic ethanol facilities. The companies say the proposed plant will be initially designed to produce 10 million gallons of cellulosic ethanol per year, with anticipated modular scale-up plans to expand the plant to over 50 million […]
Rockefeller Center Goes Green for the Holidays
The giant Christmas tree in New York City’s Rockefeller Center will be a little greener this year – a testament to the city’s increasing environmental awareness under Mayor Michael Bloomberg’s watch. A new solar installation on the roof of Rockefeller Center will help power the tree’s new energy-efficient LED lights and supply power to the buildings during times of peak demand. The solar energy roof, will be the largest privately owned solar energy generation station in Manhattan. The lights on this year’s Rockefeller Center Christmas Tree are the latest in energy-efficient LED (Light Emitting Diode) technology. The tree’s 30,000 LEDs, on five miles of wire, will draw a fraction of the power that is traditionally required by the tree, reducing energy consumption from 3,510 kilowatt hours to 1,297 kilowatt hours per day. Also – believe it or not – for the first time this year, the Rockefeller Center Christmas Tree was cut with a handheld saw to reduce energy use. Tishman Speyer owner of Rockefeller Center says it is replanting the land where the tree came from and recycling all appropriate materials used during the cutting event. Upon completion of the holiday season, the tree will be milled and treated […]
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