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Phoenix Solar AG Reports Record Quarter

Phoenix Solar AG (PS4.DE), a leading international photovoltaic systems integrator, reported total sales of EUR 132.0 million for the nine-month period ending September 30, 2007, up from last year’s figure of EUR 65.3 million – an increase of 102%. The company says international business generated sales of EUR 36.2 million, making up 27.4% of total sales revenues. EBIT stood at EUR 8.98 million – 407% higher than the same nine-month period in 2006. The EBIT margin was 6.80%, as compared with 2.71% last year. The company reported consolidated net income of EUR 5.40 million for the period, topping its 2006 figure by 361% (January to September 2006: EUR 1.17 million). The company reported a record backlog of orders, as of September 30, totaling EUR 133.5 million. Orders on hand from domestic business and from international business totalled EUR 75.8 million and EUR 57.7 million respectively. Website: [sorry this link is no longer available]     

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EnerNOC Prices of Public Offering

EnerNOC, Inc. (NASDAQ: ENOC) announced today that it has priced an underwritten public offering of 2,500,000 shares of its common stock at an offering price of $43.00 per share. The offering includes 500,000 shares offered by EnerNOC and 2,000,000 shares offered by stockholders. EnerNOC and the selling stockholders have granted the underwriters an over-allotment option to purchase up to an aggregate of 375,000 additional shares. Credit Suisse Securities (USA) LLC is leading the underwriting syndicate for the offering. Morgan Stanley & Co. Incorporated is serving as Joint-Lead Manager and the other co-managing underwriters are Canaccord Adams Inc., Jefferies & Company, Inc., and Pacific Growth Equities, LLC. About EnerNOC, Inc. EnerNOC, Inc. develops clean and intelligent energy solutions for utilities and electric power grid operators, as well as commercial, institutional, and industrial customers. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to utilities and grid operators on demand. Website: http://www.enernoc.com/     

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Ascent Solar to List on NASDAQ Global Market

Ascent Solar Technologies, Inc. (NASDAQ:ASTI; NASDAQ:ASTIZ) announced today that its common stock and Class B warrants have been approved for listing on the NASDAQ Global Market, and that the securities will begin trading there on Wednesday, November 14, 2007 under the symbols ASTI and ASTIZ, respectively. Prior to this change, the common stock and warrants had been listed on the NASDAQ Capital Market. About Ascent Solar Technologies: Ascent Solar Technologies, Inc. is a developer of state-of-the-art, thin-film photovoltaic modules and is located in Littleton, Colorado. Website: http://www.ascentsolar.com     

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Trina Solar Signs Silicon-Purchase Agreement

Trina Solar Limited (NYSE: TSL), a manufacturer of solar photovoltaic products announced a six-year agreement to purchase silicon from Sichuan Yongxiang Polysilicon Co., Ltd. Under the agreement, Sichuan Yongxiang Polysilicon will supply Trina Solar with enough polysilicon to produce approximately 1,300MW of modules, beginning in mid-2008. Sichuan Yongxiang Polysilicon, a Leshan-based company in China’s Sichuan Province, is in the advanced stages of building a 10,000 metric ton polysilicon production facility with an initial phase of 1,000 metric tons launching next year. “This agreement with Sichuan Yongxiang Polysilicon represents an important step in the execution of our strategy to expand our fully integrated PV module manufacturing capacity,” said Jifan Gao, Trina Solar’s Chairman and CEO. “This six-year agreement ensures that Trina Solar will receive large quantities of polysilicon at favorable prices and payment conditions in a market of tight polysilicon supply.” With this contract and existing supply agreements, the company says it has secured approximately 70% of the polysilicon needed for 2008 production. About Trina Solar Limited Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to […]

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WorldWater Reports Decreased Revenue in Q3

WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer of proprietary solar systems, announced lower revenues for Q307, citing start-up delays in large projects. The company reported revenue for the quarter of $4.4 million, compared with $6.5 million reported in Q306. The Company’s net loss for Q307 was $3.8 million, or $(0.02) per share, compared to a loss of $0.9 million, or $(0.01) per share, in the Q306. The company says Q307 reflects investments in R&D, marketing, and operations to support WorldWater’s strategic growth initiatives, which include moving to fewer, multi-megawatt projects from higher volume smaller projects. For the nine months ended September 30, 2007, WorldWater reported revenue of $7.6 million, compared with $10.3 million for the first nine months of 2006. Net loss for the first three quarters of 2007 was $8.7 million, or $(0.05) per share, compared to a loss of $8.6 million, or $(0.07) per share, last year. The company says large projects, which were scheduled for groundbreaking in the second and third quarters, are now starting installation in the fourth quarter. Quentin T. Kelly, Chairman and CEO said, “We saw results somewhat lag expectations this quarter due to unavoidable delays regarding our $17 million project for Fresno […]

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SatCon Reports Q3 Revenues

SatCon Technology Corporation (NASDAQ CM: SATC), a manufacturer of power management and system architecture solutions for distributed power markets, announced strong revenue growth and a smaller loss for Q307. The company says revenues within the Power Systems Division in Canada increased by over 250% to $14.7 million for the quarter compared to $4.1 million in Q306. For the first 9 months of 2007, Revenue in Power Systems Canada was $23.5 million a 142% increase over the $9.7 million in 2006. In addition, the Applied Technology Division revenue recorded a third quarter growth of over 115% to $2.8 million from $1.3 million and over 80% to $6.3 million for nine months in 2007 from $3.5 million in 2006. Revenues in the Motors and Hybrid Electric Vehicle business for the nine months were up 42% to $2.7 million compared to $1.9 million in 2006. The company says overall revenue growth reflects the results of its effort to focus on products targeted at the alternative energy and distributed power markets. Operating Losses for Q307 were $1.1 million, as compared to $3.5 million in Q306. The losses for the first nine months of 2007 were $7.7 million as compared to $10.2 million for the […]

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Massachusetts Lawmakers Propose 20 X 20

Massachusetts continues to assert itself as a policy leader for developing sources of clean energy. Last week the state’s lawmakers unveiled a wide-ranging bill mandating 20% of electricity production to come from renewable sources by the year 2020. The bill, which is the result of negotiations between Governor Deval Patrick and business and environmental groups, calls for the use of wind, hydroelectric and crop-based fuels to cut greenhouse gas emissions by roughly 20%. Other measures in the bill will make it simpler and more cost effective for homeowners and business to install solar panels, wind turbines and super-efficient basement-based power and heating devices. Massachusetts residents will also be able to qualify for a $2,000 deduction on state income taxes for purchasing fuel-efficient, hybrid vehicles. But perhaps the most progressive measure of the bill is one requiring utilities to pay customers to install energy-conserving appliances, lightbulbs, weatherproofing and other features. Utilities would only have to pay for such measures if they cost less per unit of electricity than the cost of purchasing the electricity from power generators. Other features of the bill include: – Requiring Massachusetts’ total energy consumption to be cut 10% by 2017. – Replacing the Division of Energy […]

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Acciona Plans Bigger Solar Thermal Plant

Acciona Energy is quickly becoming a major player in utility-scale solar thermal installations in the U.S. West. The company, a division of Acciona of Spain, recently opened Nevada Solar One, a $266 million 64-megawatt (MW) plant in Boulder, Nevada, that is the largest solar thermal plant built in the last 16 years. Now they have announced plans to build another plant, three times larger, either in New Mexico, Arizona or Nevada. Peter Duprey, Acciona Energy’s CEO says he believes centralized solar-thermal plants will overtake the capacity of roof-mounted photovoltaic (PV) panels around the year 2017. “The US has this vast solar resource in the Southwest that makes solar thermal a lot more of an interesting play than solar PV,” he told Reuters. Acciona has invested in both solar thermal and solar PV installations, and according to Duprey, the power generated by solar thermal is about half the cost (15 cents per kilowatt hour) of that produced by PV panels. The company’s new facility will produce approximately 200 MW. Duprey says sites in Arizona are tempting because the power could easily be linked to the grid to supply either Phoenix or California, where demand for clean energy is perhaps the greatest. […]

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