CORPORATE NEWS


DATE CORPORATE NEWS HEADLINES
Mar 12, 2010

Xinyu City, China: LDK Solar Provides Updated Outlook for Fourth Quarter and Fiscal Year 2009 Financial Results

Wafer manufacturer, LDK Solar yesterday provided an updated outlook for the fourth quarter of 2009 and select data for the year 2010.

Mar 10, 2010

Jiashan, China: ReneSola Announces Fourth Quarter and Full Year 2009 Results

Total solar product shipments in Q4 2009 were 202.9 MW, an increase of 38.1% from 146.9 MW for Q3 2009, exceeding the Company's guidance.

Mar 9, 2010

Sulzemoos, Germany: Phoenix Solar AG Releases Preliminary Figures for 2009 Financial Year

Based on preliminary figures, photovoltaic system integrator, Phoenix Solar AG generated consolidated revenues of EUR 473.0 million in the financial year 2009, which corresponds to the upper range of the corridor forecast for revenues (EUR 430 - 480 million).

Mar 8, 2010

Boading, China: Yingli Announces Fourth Quarter Results; Expands Production Capacity

Total net revenues were RMB 2,530.9 million (US$370.8 million) in the fourth quarter of 2009, an increase of 13.7% from RMB 2,225.2 million in the third quarter of 2009 and an increase of 43.7% from RMB 1,761.2 million in the fourth quarter of 2008.

Mar 5, 2010
Oldenburg, Germany: Aleo Solar Announces 2009 Financial Results

Aleo solar AG has announced revenue of EUR 376.1 million (previous year: EUR 360.5 million) and EBIT of 16.0 million (previous year: EUR 23.8 million) for financial year 2009, according to preliminary calculations.

Mar 4, 2010

Boston, MA, USA: Suntech Reports Fourth Quarter and Full Year 2009 Financial Results

Gross margin for the core wafer to module business was 26.3% in the fourth quarter of 2009, compared with 20.0% in the third quarter of 2009.

Mar 4, 2010

Kitchener, ON, Canada: Canadian Solar Reports Fourth Quarter and Full Year 2009 Results

For the fourth quarter of 2009, net revenues were $287.0 million, compared to net revenues of $68.8 for the fourth quarter of 2008 and $213.1 million for the third quarter of 2009.

Mar 3, 2010

Foster City, CA, USA: SolarCity Creates New $90 Million Fund

SolarCity yesterday announced a new fund to finance an additional $90 million in commercial and residential solar projects in 2010 with U.S. Bancorp Community Development Corporation (USBCDC)

Mar 2, 2010

Lowell, MA, USA: Konarka Announces Business Collaboration and Strategic Investment with Konica Minolta

Konarka Technologies has signed a comprehensive R&D collaboration and strategic investment agreement with Konica Minolta Holdings, Inc. (Konica Minolta).

Mar 1, 2010

Port Washington, NY, USA: The NPD Group Acquires Solarbuzz LLC

The NPD Group today announced that it has acquired Solarbuzz LLC, an international solar energy market research and consulting company. Solarbuzz will operate in conjunction with The NPD Group Company's DisplaySearch, the worldwide leader in flat panel display and electronics market research and consulting.

Mar 1, 2010

Doha, Qatar: SolarWorld Participates in Polysilicon Joint Venture in Qatar

SolarWorld AG is participating with 29% stake in anewly formed joint venture Qatar Solar Technologies (QST) based in the emirate of Qatar.

Mar 1, 2010

St Louis, MO, USA: Solutia Announces Agreement to Acquire Etimex Solar

Solutia Inc. has reached a definitive agreement to purchase Etimex Solar GmbH, a wholly owned subsidiary of Etimex Holding GmbH, which is controlled by funds affiliated with Alpha Gruppe.

Mar 1, 2010

Tokyo, Japan: Showa Shell Solar Changes Name to Solar Frontier

Showa Shell Solar K.K., a 100% subsidiary of Showa Shell Sekiyu K.K. headquartered in Tokyo, will open two overseas offices this April in Northern California and Munich, further building its global network to facilitate one gigawatt per year of sales and delivery of its proprietary CIS solar panels to customers worldwide.

Feb 26, 2010 Bonn, Germany: SolarWorld AG Reports 2009 Results

As a result of full utilization of SolarWorld AG's production capacities 2009 consolidated revenues increased to 1,012.6 (previous year: 900.3) million EUR.

Feb 24, 2010 Changzhou, China: Trina Solar Announces Fourth Quarter and Fiscal Year 2009 Results

Trina Solar's net revenues in the fourth quarter of 2009 were $313.3 million, an increase of 25.4% sequentially and an increase of 44.8% year-over- year.
Feb 23, 2010 Berlin, Germany: SOLON Presents Preliminary Results for Fiscal 2009

According to preliminary results, SOLON Group sales reached EUR 354 million, a drop of 57% compared to the extremely strong prior year (2008: EUR 815 million).

Feb 23, 2010

Bitterfeld-Wolfen, Germany: Q-Cells Reports Preliminary Fourth Quarter 2009 Results

Preliminary earnings before interest and taxes (EBIT) for the fourth quarter, adjusted for one-off items and start-up costs, improved to EUR -20 million compared with EUR -36 million in the third quarter.

Feb 19, 2010

Ontario, Canada: Canadian Solar Updates 4Q09 Outlook

Canadian Solar today updated its outlook for the fourth quarter 2009 ended December 31, 2009 based on selected unaudited financial results.

Feb 18, 2010 Tempe, AZ, USA: First Solar Announces Fourth Quarter Results

Quarterly revenues were $641.3 million, up from $480.9 million in the third quarter of fiscal 2009 and up from $433.7 million in the fourth quarter of fiscal 2008.
Feb 17, 2010

Sarasota, FL, USA: Equipment Manufacturer, Mustang Solar Receives Green Technology Grant

Mustang Vacuum Systems / Mustang Solar has been awarded $2 million via the Renewable Energy and Energy-Efficient Technologies Grant Program of the Florida Energy & Climate Commission.

Feb 12, 2010

Sandvika, Norway: REC Announces Fourth Quarter Results

Renewable Energy Corporation ASA (REC) reported revenue of NOK 2,676 million in the fourth quarter 2009, an increase of 12 percent the fourth quarter 2008. Revenue for the full year 2009 amounted to NOK 9,156 million, which was also a 12 percent increase from 2008.

Feb 11, 2010

Sunnyvale, CA, USA: Calisolar Acquires Ontario, Canada Based 6N Silicon

Calisolar Inc. today announced the acquisition of 6N Silicon Inc., an Ontario-based silicon supplier to Calisolar and the solar industry. The acquisition was completed through a stock-for-stock transaction between the two privately held companies.

Feb 11, 2010

Shanghai, China: JA Solar Announces Fourth Quarter and Full Year 2009 Results

JA Solar today announced its financial results for its fourth quarter and full year 2009, ended December 31, 2009. Total shipments in the fourth quarter of 2009 was a record 231MW, compared with third quarter shipments of 177MW, representing sequential growth of 30.5 percent.

Feb 11, 2010

San Jose, CA, USA: SunPower to Acquire SunRay Renewable Energy

SunPower Corporation has signed a definitive agreement to acquire SunRay Renewable Energy, a European solar power plant developer with offices in Europe and the Middle East, including a principal project office in Rome.

Feb 11, 2010

San Francisco, CA, USA: One Block Off the Grid Raises $5 Million

One Block Off the Grid (1BOG), has closed a $5 million round of Series A financing from New Enterprise Associates (NEA). NEA is a global venture capital firm with more than $11 billion in committed capital and a 30-year track record of successful investing.

Feb 9, 2010

North Andover, MA, USA: Nexamp Secures $6.5 Million in Venture Financing

Award-winning clean energy solutions company Nexamp today announced that it has secured $6.5 million in Series A venture financing from Good Energies, one of the world’s leading private investors in renewable energy and enabling technologies.

Feb 9, 2010

Marlboro, MA, USA: Evergreen Solar Announces Fourth Quarter Results

Revenues for the fourth quarter of 2009 were $74.5 million, compared to $77.7 million (inclusive of $2.2 million of fees from Sovello) for the third quarter of 2009. Gross margin in the fourth quarter of 2009 was 11.9%, up from 9.7% in the third quarter of 2009.

Feb 9, 2010

Rochester Hills, MI, USA: Energy Conversion Devices Reports Financial Results

Total consolidated revenues for the second quarter of fiscal 2010 were $52.9 million compared to $103.1 million in the second quarter of fiscal 2009 and $42.9 million in the first quarter of fiscal 2010.

Feb 8, 2010

South Plainfield, NJ, USA: Petra Solar Secures $40M in Financing

Petra Solar, a developer of pole mounted smart grid and solar systems for utilities has raised $40 million in funding for expansion. Two new investors, Craton Equity Partners and Espírito Santo Ventures, led the latest round with 100% participation from existing investors, Element Partners, Blue Run Ventures, OnPoint Technologies (U.S. Army's Venture Fund) and Kuwait's National Technology Enterprises Company (NTEC).

Feb 3, 2010

St Peters, MO, USA: MEMC Reports 2009 Fourth Quarter Results

Net sales for the fourth quarter were $356.7 million, representing an increase of 15.1% from third quarter 2009 net sales of $310.0 million, and a decrease of 16.2% from fourth quarter 2008 net sales of $425.7 million.

Feb 3, 2010

Merrimack, NH, USA: GT Solar Reports Results for Third Quarter Fiscal Year 2010

GT Solar yesterday reported results for its third quarter of fiscal year 2010, which ended December 26, 2009. Revenue for the third fiscal quarter totaled $173.6 million, compared with $104.2 million in the second fiscal quarter and $205.2 million in the third quarter of fiscal year 2009.

Feb 1, 2010

Munich, Germany: Centrosolar Announces Fourth Quarter Results

According to initial, unaudited figures Centrosolar Group AG posed revenue of EUR 105 million in the fourth quarter of 2009.

Jan 29, 2010

Hsinchu, Taiwan: AU Optronics Increases Cash Investment in M.Setek

AU Optronics has announced its decision, approved by its Board of Directors today, to subscribe new shares to be issued by M.Setek.

Jan 25, 2010

St Peters, MO, USA: MEMC and Conergy Settle Litigation

MEMC and Conergy have reached an out of court settlement of a lawsuit related to a solar wafer supply contract between Conergy and MEMC Singapore Pte. Ltd.

Jan 20, 2010

San Francisco, CA, USA: PG&E and SolarCity Announce $60M in Financing to Install Solar Power

Pacific Venture Capital, LLC, a subsidiary of PG&E Corporation, and SolarCity today announced $60 million in tax equity financing for solar installations for U.S. homes and businesses.

Jan 15, 2010

Sydney, Australia: Origin Energy and Micron Technology Establish Joint Venture

Australia integrated energy company, Origin Energy and Micron Technology, Inc. have formed a 50:50 joint venture with a focus on the development of photovoltaic technology.

Jan 14, 2010
Bonn, Germany: SolarWorld AG Places 400 Million Euro Bond

SolarWorld AG successfully issued a bond with a volume of 400 million EUR. SolarWorld says the purpose of this is to strengthen the company's financial flexibility for continued international growth.

Jan 14, 2010

Tempe, AZ, USA: First Solar Buys Edison Mission Solar Projects

First Solar has completed the acquisition of a portion of Edison Mission Group's (EMG) solar project development pipeline. The utility-scale solar projects are located in California and the Southwest.

Jan 14, 2010

Cambridge, United Kingdom: Enecsys Secures £2.5 Million Investment from Good Energies

Enecsys Limited, a manufacturer of solar photovoltaic micro-inverters, has attracted further investment of £2.5 million ($4.2 million) from Good Energies.

Jan 13, 2010

New York, NY, USA: Daqo New Energy Corp Files for $108M IPO

China's Daqo New Energy Corp, which manufactures polysilicon for solar panel makers, filed for an initial public offering of up to $108 million on Tuesday.

Jan 7, 2010

Lake Mary, FL, USA: BlueChip Energy™ Acquires Complete Electrical Contractors, Inc

BlueChip Energy™, (BCE), a provider of complete solar energy solutions for residential, commercial, government and utility applications, announced yesterday the acquisition of Orlando-based Complete Electric Contractors, Inc,

Jan 7, 2010

Jiashan, China: ReneSola Terminates Dynamic Green Energy Acquisition

ReneSola today announced that the Company has determined not to proceed with its acquisition of Dynamic Green Energy Limited.

Jan 7, 2010
Milan, Italy: Prothea Completes First Round of Equity Financing

Italian system integrator Prothea has completed its first round of equity fundraising and start up Prothea Solar to develop a pipeline of 20MW solar energy projects in Italy, France and the Mediterranean area.

Jan 7, 2010

London, United Kingdom: Solarcentury in Enviromena Partner in United Arab Emirates

Solarcentury, the London based European solar innovation company, has entered into a business partnering agreement with Enviromena Power Systems, the leading developer of solar projects in the Middle East and North Africa

Jan 7, 2010

Oldenburg, Germany: Aleo Solar AG Increases Annual Revenue in 2009 to EUR 375 million

aleo solar AG today announced that according to preliminary calculations, the company generated revenue of EUR 375 million in 2009. After a slow first six months, business picked up considerably from July, leading to a EUR 15 million year-on-year increase in revenue.

Jan 6, 2010

San Francisco, CA, USA: Clean Power Finance Announces First Close of $6.9M Financing

Clean Power Finance, Inc. today announced the first close of a $6.9M financing round co-led by Claremont Creek Ventures and Clean Pacific Ventures, and joined by prior investors Sand Hill Angels and clean tech investor Gary Kremen.

Jan 6, 2010

Sunnyvale, CA, USA: Innovalight Raises Additional $18 Million to Expand Silicon Ink Manufacturing

Innovalight, Inc., a privately-held firm selling silicon ink-based high efficiency solar cell materials and technology, has raised $18 million in additional capital. This new round of capital will be used to expand the company’s proprietary silicon ink production for customers.

Jan 4, 2010 Bonn, Germany: SolarWorld AG Provides Preliminary 2009 Results

Consolidated sales revenues of the SolarWorld Group increased substantially versus the previous year (900.3 million EUR) to the provisional figure of 1,010 million EUR.

Jan 4, 2010

Rome, Italy: Sharp, Enel Green Power and ST Microelectronics Establish Thin Film Joint Venture

Sharp, Enel Green Power and ST Microelectronics today signed a joint venture agreement for the production of thin-film solar cells. On the same day, Sharp and EGP signed a joint venture agreement for independent power producer business.

Jan 4, 2010

Hong Kong, China: Solargiga Terminates Acquisition of Kinmac

Solargiga Energy has terminated its acquisition of Kinmac Solar Corporation. The proposed acquisition of Kinmac was subject to the approval of the Investment Commission of the Ministry of Economic Affairs of Taiwan.


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