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ICP Solar reports decline in revenues due to supply chain constraints

ICP Solar Technologies Inc., a manufacturer and marketer of proprietary solar panels and products, reported a decline in its revenues for the second quarter of fiscal year 2010, sliding down to US $1.4 million compared with $1.9 million for the second quarter of fiscal year 2009.


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Ocean Power Technologies reports positive first quarter 2010

Marine energy company Ocean Power Technologies (OPT), Inc recorded strong operational and financial performance in the first quarter of fiscal 2010, it announced yesterday. OPT’s revenues were down at US $1.3 million from $1.8 million in the same period last year. According to the


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First Solar enters into US $ 300-million credit facility

First Solar, Inc. recently entered into a secured revolving credit facility of US $300 million to be obtained in a three-year term from nine financial institutions. First Solar said the amount is intended to be used for general corporate purposes, including the issuance of letters of credit.


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Argan reports drop in second quarter earnings

Maryland, US-based Argan, Inc., a publicly traded holding company that designs and builds energy plants through its Gemma Power Systems subsidiary, reported a decrease in revenues for the second quarter of fiscal year 2010. Argan’s Gemma Power Systems subsidiary specializes


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Module maker Solarfun gets 400 million yuan from Bank of Shanghai

Jiangsu Linyang Solarfun Co. Ltd., the research, production and marketing arm of photovoltaic module and cell manufacturer Solarfun, just obtained a credit facility of 400 million Chinese yuan from Bank of Shanghai, a joint-stock commercial bank. Founded in 2004, Solarfun manufactures


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Maker of intelligent power management system gets US $ 10 million

Glacier Bay, Inc., a manufacturer of intelligent power management systems, recently secured $ 10 million in funding for its growth and product development. Westly Group, a California-based clean technology-oriented venture capital firm that focuses primarily on companies with proven revenue


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DOE releases energy conservation standards for vending machines

The US Department of Energy yesterday completed a set of energy conservation standards for a critical group of appliances that it said can save up to 1.1 billion metric tons of carbon dioxide once implemented. The newly released standards will apply to beverage vending machines


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Magma Energy secures 32.32% stake in geothermal company HS Orka

Yesterday, Magma Energy Corp. announced that it has signed an agreement to acquire 32.32% of HS Orka, the largest privately owned energy company in Iceland, from Reykjavik Energy. Canadian company Magma had been previously selected last August 17 as the preferred bidder


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Spire to assist companies for US $ 2.3-billion tax credit

Companies who hope to get approved under the total US $2.3-billion tax credit may now get guidance on the process as solar power production line supplier Spire Solar shows them how.


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Chinese firm A-Power reports decrease for second quarter

China’s A-Power Energy Generation Systems, Ltd., a leading provider of distributed power generation systems and a manufacturer of wind turbines, reported a decrease in its revenue in its unaudited financial results for the second quarter of 2009 recently released. The company’s revenue


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