Tuesday, 03 January 2012

Danish wind giant Vestas Wind Systems AS issued a preliminary statement of its financial activities for the year 2011 as per Dec. 31, 2011, noting that figures are subject to changes once the final annual report is presented on Feb. 8. Order intake for 2011 amounted to 7.4 gigawatts, valued at 7.3 billion euro ($9.5 million). Initial forecast for 2011 order intake was at 7-8 GW. Shipments amounted to 5.1 GW, lower compared to expectations of 5.5 GW. Together, order intake and shipments are the
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Tuesday, 03 January 2012

New York Stock Exchange-listed Chinese solar cell manufacturer LDK Solar Co. Ltd., through its subsidiary LDK Solar Germany Holding GmbH, acquired approximately 33 percent or 5.79 million new shares of Frankfurt Stock Exchange-listed German photovoltaic corporation Sunways AG, amounting to a total of 2.2 million euro ($2.9 million) and indirect ownership of a company based in China.
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Wednesday, 14 December 2011

Thin-film leader First Solar, Inc. hopes to gain $3.7 billion to $4 billion in revenue in 2012 as it lowers expectations for net sales this year. Citing delays in some projects within the company's systems business, an issue attributed to weather and other factors, First Solar said net sales for 2011 will now be within the range of $2.8 billion to $2.9 billion. The company's prior guidance range was from $3 billion to 3.3 billion.
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Tuesday, 29 November 2011

NYSE Euronext, operator of the New York Stock Exchange and Euronext, and research firm Bloomberg New Energy Finance created three new stock indexes that will track listed companies in the ever-growing renewable energy market.
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Wednesday, 23 November 2011

Suntech Power Holdings Company, the world’s largest manufacturer of solar photovoltaic panels, marked a third-quarter loss of $116.4 million despite improved product shipments and sales. The Wuxi-based company’s quarterly revenue rose to $809.8 million, an increase of 8.9 percent year-over-year. However, a drop in average selling price for PV products has lead to a 2.5 percent sequential drop in sales.
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Wednesday, 23 November 2011

Trina Solar, the world’s fourth largest solar photovoltaic company, suffered a third quarter net loss of $31.5 million against an $82.9 million profit in the same period last year, due to lower sales. Net revenues in the third quarter were $481.9 million, a decrease of 5.2 percent in the comparable period.
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Wednesday, 16 November 2011

China Recycling Energy Corp. (CREG) recently announced the results of its 2011 third quarter financial report ending in September 2011, posting net income gains of $16.91 million, 65.3 percent higher than last year’s $10.23 million, due to decrease in operating expenses and increase in interest income from lease payments for energy saving systems.
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Tuesday, 15 November 2011

OWDCC 2012 will gather over 250 key executives from government authorities, regulators, developers, operators, utilities, wind turbine manufactures, components manufacturers, design institutes, engineering companies, marine contractors, finance institutions and so on to explore the most effective development path and business mode for the overall value chain of offshore wind on China Market.
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Tuesday, 15 November 2011

Stock prices of German solar panel maker Q-Cell S.E. dived by a little over a quarter in Frankfurt trading after sales and profit were reported to have dropped again in the third quarter, along with the resignation of its chief financial officer.
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Tuesday, 15 November 2011

Exploration-stage lithium miner Li3 Energy, Inc. said the exploration and development of its $8 million Phase 1 project in Chile is progressing. "Despite inclement weather conditions, Li3 is on plan and continues to advance the exploration and development program on our Maricunga Project,” said Thomas Currin, Li3’s chief operating officer.
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Monday, 14 November 2011

Chinese wind company China Ming Yang Wind Power Group reported more unit sales of its wind turbines in the third quarter of 2011 compared with the past, even as income decreased almost by half from what they reported for the same period last year. The company said it commissioned 555 megawatts’ worth of wind turbine capacity compared with 359 MW last year.
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Friday, 11 November 2011

China Hydroelectric Corporation, an operator and developer of small hydropower projects in China, suffered a net loss of $4.5 million in the third quarter of 2011. For the three months ended September 30, 2011, the company recorded revenues of $16.3 million, a decrease of 11.4 percent or $2.1 million from $18.4 million for the same time period in 2010.
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Friday, 11 November 2011

Renewable fuels company Kior Inc. said costs from constructing its first commercial facility in Columbus, Mississippi have continued to pull down profits, leading to bigger net losses in the third quarter of this year. Kior, a company backed by billionaire venture capitalist Vinod Khosla, reported a net loss of $14.8 million, or $0.15 per share compared to $10.6 million, or $0.13 per share, it had in the same quarter a year earlier.
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Thursday, 10 November 2011

Suntech Power Holdings, the world’s largest solar photovoltaic panel maker, said it expects to have increased solar panel shipment this third quarter while its rivals trimmed theirs in response to poor global market conditions. The Wuxi-based company expects shipments in the third quarter to have improved by more than 15 percent from the second quarter as announced in an earlier forecast last August 22, Suntech said in a statement.
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Wednesday, 09 November 2011

Fuel Tech Inc., which provides solutions for the optimization of combustion systems and emissions control for utility and industrial applications, saw an increase in revenues and net income for the three-month period which ended September 30, 2011. Revenue stood at $24.0 million or an increase of 19 percent, compared to $20.3 million in the prior-year period.
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Tuesday, 08 November 2011

Chinese solar companies Yingli Green Energy Holding Company and ReneSola Limited trimmed their third quarter and year-round product shipment, sales and profit estimates, blaming dampened global market demand and company write-downs.
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Monday, 07 November 2011

French solar panel manufacturer Photowatt, owned by Canada’s ATS Automation Tooling Systems Inc., is planning to file for bankruptcy, blaming dropping demand and tough competition. ATS said the deterioration of economic conditions and the solar market in Europe, plus increased competition from China and lower demand for solar products in France, has made a negative impact on the financial stability of Photowatt.
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Wednesday, 02 November 2011

American Lithium-ion batteries maker Ener1.Inc is now officially suspended from trading on the Nasdaq, a huge blow to the battery maker after experiencing troubles with Norwegian electric car maker Think and the resignation of the company’s top two executives in the last two months. Based on documents filed with the United States Securities and Exchange Commission on October 19, the company received a notice from the Nasdaq saying it would be removed from the exchange because it failed to file
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Thursday, 27 October 2011

A day after the unexpected exit of its chief executive, First Solar, Inc. announced that it boosted both sales and profit for the third quarter, helping the world’s most valuable solar company recover its share prices after it dived to its lowest point last Tuesday.
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Monday, 24 October 2011

China Industrial Waste Management is set to file a certification on Form 15 with the Securities and Exchange Commission to suspend its reporting obligations under Section 15d of the Securities Exchange Act. The move is said to be a cost reduction measure as suspending and ultimately terminating the company’s S.E.C. reporting obligations will allow it to reduce substantial legal and accounting expenses.
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