President Barack Obama has announced that USD$1.85 billion in conditional commitments will be made available in the form of loan guarantees to two U.S. solar companies. As a result, one of the worlds biggest solar plants is scheduled to be built in Arizona, while around 5,000 jobs are expected to be created.
Chinese solar power system manufacturer Yingli Green Energy Holding Co. aims to triple solar panel production capacity in the next three years to three gigawatts a year at a total cost of roughly 200 billion yen (around USD$2.2 billion; 1.8 billion), says Japanese news source Nikkei.
First Solar, Inc. has formed a utility systems business group to address the large-scale photovoltaic (PV) system solutions market. Jens Meyerhoff, 45, has been named president of the group.
Wacker Chemie AG has concluded its acquisition of a silicon metal production site in Holla, Norway from the Fesil Group. The deal is worth 65 million.
MEMC Electronic Materials, Inc. has announced it has completed the acquisition of privately held Solaicx. The deal is said to be worth around USD$77 million.
The Dichtel group has said it has developed a method to organize organic dyes into stacked sheets that are porous for incorporation into flexible solar cells. The process, it says, could revolutionize the way solar cells are made by lowering costs dramatically, while creating highly efficient and easy-to-manufacture solar cells.
Intersolar North America and Solartech have announced an expanded partnership for the 2010 Intersolar North America conference. Under the agreement, Solartech will now provide an additional program offering at the conference. Other reciprocal elements between both organizations will extend into next year.
Two Chinese companies have started construction on a solar power plant in Ihtiman, a city located 50 km south of Sofia, Bulgaria according to local officials.
British Gas has invested £15 million in solar technology for British schools. Under its plans, the company will donate and install solar panels – worth between £20,000 and £40,000 per school – in up to 750 schools.
The Sharp Corporation has signed an agreement with Thai power producer NED to establish one of the worlds largest solar power generation plants, with a power generation capacity of 73 megawatts (MW). Construction is due to start this month and should be completed by the end of next year.
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