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Earth Biofuels Files Quarterly Report

Earth Biofuels, Inc. (EBOF.OB) announced financial results for the third quarter ending September 30: — Total revenue of $10.3 million, up from $4.8 million for the two quarters ended June 30, 2006. — Net income of $3.4 million compared to a loss of $19.3 million for the two quarters ended June 30, 2006. — aggregate loss of $15.9 million for the 9 month period ended September 30, 2006 includes $16.7 million of non-cash expenses. — Increase in working capital from negative $5.6 million on December 31, 2005 to positive $14.8 million on September 30, 2006. — Increase in total shareholder equity from negative $946,971 on December 31, 2005 to positive $70.0 million on September 30, 2006. Earth Biofuels produces and distributes biodiesel fuel through the company’s network of wholesale and retail outlets. The fuel is sold under Willie Nelson’s brand name, “BioWillie.” The Earth Biofuels also produces and markets liquefied natural gas (LNG). Website: http://www.earthbiofuels.com     

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SES Solar Announces a $3.7M Private Placement

SES Solar Inc. (SESI.OB), a Switzerland-based developer of cost-effective, high productivity solar panels and solar roof tiles, has concluded a private placement of US$3.7 million for 4,100,001 common shares of the company at USD 0.90 per share. Proceeds will be used to build its new state-of-the-art solar panel manufacturing facility in Geneva. “We are very pleased with the confidence investors are showing in SES Solar,” said Jean-Christophe Hadorn, president and CEO. “We are in advanced negotiations for obtaining the balance of the construction financing, and believe we will conclude those discussions soon.” SES Solar’s current business plan includes the development of new assembly lines based on its patented methodology which allows for low cost production of technologically advanced solar panels and solar roof tiles in Europe. Website: [sorry this link is no longer available]     

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China Gets World's Largest Solar System

China will be home to the world’s largest solar power station to date. The 100 MW project, which will cost about 6.03 billion yuan (US$765 million) will be built in Dunhuang City, northwest China’s Gansu Province. It will be completed in about five years. The city government signed a letter of intent with the Zhonghao New Energy Investment (Beijing) Co., Ltd. The plant will covering 31,200 square meters, in a city which receives 3,362 hours of sunshine a year, and a prime area for solar energy because of its easy access to electricity transmission and communications. The world’s largest solar plant is currently in Leipzig, Germany. The 5 MW project has 33,500 solar panels.

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SCHOTT Solar Warns it May Close Facility

Feeling the pinch of the silicon shortage for solar manufacturing, the 15 MW SCHOTT Solar plant in Billerica, Massachusetts, which makes solar wafer and modules, gave notice to employees that the the facility may have to close within 60 days due to lack of silicon supplies. Schott plans to continue solar production at its Roseville, California headquarters and plans to continue importing modules into the U.S. from its European facilities. Like many other companies, Schott is scaling back operations because of the silicon shortage. Analysts expect the shortage to finally be alleviated in 2008. SCHOTT says its four European plants are also not running up to capacity, but because the Massachusetts plant is the company’s oldest and least efficient, it faces closure. The plant would be sold to another solar company that has silicon supplies locked in. SCHOTT recently announced plans to open a second manufacturing facility for solar receivers in Spain, doubling its solar receiver production capacity.

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