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Evergreen Solar Introduces Higher-Power Solar Panel

Evergreen Solar, Inc. (Nasdaq: ESLR), a US solar manufacturer, has introduced a new 120-watt solar panel. “Our EC-120 panel reduces installation costs for end users, making solar power more cost-competitive with conventional retail electricity.” – Dr. Terry Bailey, Evergreen Solar Senior Vice President, Marketing and Sales The new EC-120 is the latest in Evergreen Solar’s Cedar Line(TM) of photovoltaic panels. With the same physical dimensions as the Company’s current 110-watt and 115-watt panels, the new product delivers increased power from the same area. Through its patented String Ribbon technology, Evergreen Solar produces its panels using significantly less silicon than conventional production methods. “This new Cedar Line model is our latest in a series of technology advances,” said Dr. Terry Bailey, Evergreen Solar Senior Vice President, Marketing and Sales. “Our EC-120 panel reduces installation costs for end users, making solar power more cost-competitive with conventional retail electricity.” As announced in November 2005, Evergreen Solar tests all Cedar Line panels to a stringent -2% peak power rating at Standard Test Conditions, which ranks among the industry’s best. All Cedar panels have the following safety and quality certifications: IEC 61215, UL Class C, TUV Safety Class II and CE. Website: [sorry this link […]

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International Power Group to Acquire 51% of GiraSolar

International Power Group, Ltd. (Pink Sheets: IPWG) has signed a binding Letter of Intent to purchase 51% of GiraSolar B.V., a leading privately held Netherlands solar corporation and its related subsidiaries for US$4,400,000, in a stock and cash transaction. GiraSolar B.V. had year end 2005 revenue in excess of EUR 10 million (US$12.1 million), which will be consolidated into International Power Group. Peter Toscano, President/CEO of International Power Group said, “We chose GiraSolar because they add to the ecological and environmental plans of International Power Group. Our purchase of a majority stake in GiraSolar demonstrates our commitment to producing environmentally safe energy and enables us to include solar options in our offering.” About GiraSolar B.V.: GiraSolar B.V. is headquartered in The Netherlands and is a leading manufacturer of photovoltaic solar modules and a range of electronic devices including regulators for PV systems to heavy duty automatic voltage stabilizers, batteries and battery chargers. The products are designed to bring energy to developing countries and disaster or crisis areas (emergency relief applications). The Company is also involved in the supply of solar cell to manufacturers of solar modules and has an active research and development program for the development of additional solar […]

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Hy-Drive Completes C$2.3 Million Financing

Hy-Drive Technologies Ltd. (TSX-V: HGS)has completed a private placement of 2.7 million units at a price of $0.85 per unit for gross proceeds of approximately (Cdn.) $2.3 million under a private offering to accredited investors. The Units were subscribed for by institutional investors outside Canada. Each unit consists of one common share of Hy-Drive and one-half of a warrant. Each whole warrant entitles the holder to purchase one additional common share of Hy-Drive at an exercise price of $2.00, for up to two years from the date of issue. The net proceeds of the offering will be used to fund working capital and equipment requirements on continued anticipation of commercial sales, sales and marketing expenses to develop the global marketplace, research and development expenses to further enhance existing technology, patent applications to strengthen Hy-Drive’s intellectual property portfolio and general corporate purposes. “As we near commercialization of our G-2 unit, we are pleased to have the continued support of these institutional investors, which we view as a strong endorsement of our technology, its market potential and our growth strategy,” “It was equally rewarding to have negotiated this deal at above market share price on the date of the agreement,” said Tom […]

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SOS Call as Island Nations Go Under

URL: http://www.smh.com.au/news/national/sos-call-as-island-nations-go-under/2006/01/04/1136050496795.html Website: http://www.smh.com.au/news/national/sos-call-as-island-nations-go-under/2006/01/04/1136050496795.html     

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