Xinyu City, China: LDK Solar Revises Second Quarter Guidance

Chinese wafer manufacturer, LDK Solar has provided an updated outlook for the second quarter ended June 30, 2009. For the second quarter of 2009, LDK Solar estimates shipments between 220 and 230 megawatts.

Oslo, Norway: Scatec Solar Acquires Remaining 50% of Solarcompetence GmbH

Scatec Solar, a global turn-key supplier of solar PV solutions, has acquired the remaining 50 % of the equity interest in the German Solar PV company Solarcompetence GmbH and indirectly the EPCI company K&S Solarsysteme GmbH.

Freiburg, Germany: S.A.G. Solarstrom Receives €22.6M Capital Inflow

As a result of the now signed external financing agreement of Orosolar GmbH & Co. KG totalling €24.1 million, Freiburg based S.A.G. Solarstrom AG will receive an inflow of liquidity of €22.6 million; €1.5 million of the external financing will remain as a liquidity reserve with interest charges in Orosolar.

Bakersfield, CA, USA: Ellis Energy Investments Acquires Pyron Solar

Ellis Energy Investments has acquired the assets of Pyron Solar, Inc. Pyron Solar is the manufacturer of the Pyron Solar Triad, a CPV Power Generator for utility scale installations.

Novato, CA, USA: SPG Solar Raises $13 Million in Equity Financing

California based system integrator SPG Holdings has closed a $13 million equity financing through the Global Environment Fund and Robeco. SPG Holdings, LLC includes SPG Solar and Thompson Technologies Industries, Inc., which designs, manufactures and sells solar photovoltaic products.

Wuxi, China: Suntech Signs $50 Million Convertible Loan Agreement with IFC

Suntech Power has signed a US$50 million convertible loan agreement with IFC, a member of the World Bank Group, to support Suntech's transition to the high efficiency Pluto technology and debt refinancing requirements.

New Rochelle, NY, USA: Mercury Solar Systems Acquires K-Star Solar

Solar integrator, Mercury Solar Systems has acquired K-Star Solar, Long Island's leading residential solar installer. The acquisition strengthens Mercury's presence in the Northeast and its solar business in Long Island, NY.

Changzhou, China: Trina Solar Secures $57 Million Credit Facilities

Trina Solar has secured from Standard Chartered Bank (China) Limited new credit facilities totaling approximately $57 million, consisting of trade financing and defensive hedging products.

Sandvika, Norway: REC Sets Price for Rights Issue

REC has set the terms of its NOK 4.5 billion ($690 million) fully underwritten rights issue, as resolved by the Extraordinary General Meeting on June 5, 2009. The share capital of REC will be increased by NOK 170,453,354 through an issue of 170,453,354 new shares.

Baoding, China: Yingli Green Energy Raises $193M

Yingli Green Energy's follow-on public offering of 18,600,000 American Depositary Shares ("ADSs"), each representing one ordinary share of Yingli Green Energy, was closed yesterday.

Hong Kong, China: GCL-Poly Energy Acquires Polysilicon Manufacturer

GCL-Poly Energy will acquire 100% equity interest in Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd., one of the world’s leading suppliers of polysilicon and wafers for use in the solar industry, for a consideration of HK$26.35 billion ($3.4bn). Jiangsu Zhongneng is the main operating entity of GCL Solar Energy Technology Holdings Inc. in the PRC.

Hsinchu, Taiwan: AU Optronics to Purchase Stake in M.Setek

AU Optronics Corporation today announced its decision to subscribe new shares to be issued by M.Setek, which is a major polysilicon and monocrystal silicon wafers manufacturer in Japan.

Baoding, China: Yingli Green Energy Prices Follow-on Public Offering

Yingli Green Energy announced that its follow-on public offering of 18,600,000 American Depositary Shares, each representing one ordinary share of Yingli Green Energy, was priced at $13.00 per ADS.

Oslo, Norway: REC Sells Solar Vision in South Africa

REC announced today that the ownership of Solar Vision (PTY) Ltd., which has until recently been a fully owned subsidiary of REC, are no longer defined as core business for REC and has consequently been sold through a management buyout.

Utrecht, Netherlands: Econcern Core Activities Taken Over by Eneco

At the request of the administrators, the court in Utrecht pronounced the bankruptcy of Econcern N.V., Ecostream International B.V. and Evelop International B.V.

Bedford, MA, USA: Spire and Gloria Solar to Dissolve Systems Joint Venture

Spire Corporation and Gloria Solar of Tainan, Taiwan, a PV module manufacturer, have reached an agreement to liquidate their Joint Venture, Gloria Spire Solar, LLC, which performed PV systems integration within the United States.

Philadelphia, PA, USA: Alteris Renewables Acquires Renewable Power Systems

Alteris Renewables has acquired substantially all of the assets of Renewable Power Systems, LLC (RPS), a leading solar installer in New York.

Robbinsville, NJ, USA: EPV Solar Completes Private Debt Exchange Offer

EPV Solar has successfully completed its private offer to exchange all of its 8% Convertible Senior Secured Notes due 2010 for new 1% Convertible Senior Secured PIK Notes due 2016, shares of its common stock and warrants to purchase shares of its common stock and the related consent solicitation.

Rome, Italy: Premier Power Acquires Italian Solar Project Developer and Distributor

Premier Power Renewable Energy has entered into Italy with the acquisition of Arco Energy, a privately held solar project developer, EPC and distributor with more than 20 megawatts of permitted projects worth approximately $114 million in potential revenue.

Foster City, CA, USA: SolarCity and U.S. Bank Forge New Partnership to Fund Solar Projects

SolarCity and U.S. Bancorp Community Development Corporation today announced a new partnership to finance solar projects for U.S. homeowners and businesses.

London, United Kingdom: Renewable Energy Holdings to Buy Sicilian Solar Energy Assets

Renewable Energy Holdings (REH) has entered into an exclusive non-binding letter of intent with PVStrom with regard to REH acquiring PVStrom’s existing solar photovoltaic developments.

Changzhou, China: Trina Solar Announces First Quarter 2009 Results

Trina Solar's net revenues in the first quarter of 2009 were $132.1 million, a decrease of 38.9% sequentially and an increase of 9.5% year-over- year.

Nanjing, China: China Sunergy Announces First Quarter 2009 Results

During the first quarter of 2009, revenues decreased 14.4% sequentially to US$37.0 million. Sales from solar cells, modules, cells processed under OEM arrangements and other sales accounted for 93.0%, 0.8%, 3.5% and 2.7% of total revenues, respectively.

Tokyo, Japan: Showa Shell to Spend 160 Billion Yen on Solar

Showa Shell Sekiyu KK, a Japanese refiner and solar-equipment maker, will spend as much as 160 billion yen ($1.7 billion) over five years to increase solar output to 1 gigawatt a year from 80 megawatts now.

San Diego, CA, USA: Applied Solar Announces Restructuring

Applied Solar, Inc., formerly Open Energy Corporation has begun the process of restructuring its operations.

Crows Nest, Australia: Private Equity Company, Harbert Australia Invests in Solar Shop Australia

Harbert Australia Private Equity, the private equity firm targeting lower�-middle market investments, today announces its first portfolio company investment from its Harbert Australian Private Equity Fund I, with an 18.1% initial equity interest in Solar Shop Australia Pty Ltd, an installer of grid connect solar systems in Australia.

Baoding, China: Yingli Reports First Quarter 2009 Results

Yingli Green Energy has reported total net revenues were RMB 999.9 million (US$146.3 million) in the first quarter of 2009, a decrease of 43.2% from RMB 1,761.2 million in the fourth quarter of 2008 and a decrease of 37.3% from RMB 1,595.0 million in the first quarter of 2008.

Wuxi, China: Suntech Announces Follow-on Public Offering

Suntech Power intends to offer, subject to market and other conditions, 20,000,000 American Depositary Shares, each representing one ordinary share of the Company.

Wuxi, China: Suntech Power Reports First Quarter 2009 Financial Results

Total net revenues for the first quarter of 2009 were $315.7 million, a decrease of 23.8% from $414.4 million in the fourth quarter of 2008. The sequential decrease in revenues was primarily due to a decrease in the average selling price of PV products and a decline of shipments.

Xinyu City, China: LDK Solar Updates Fourth Quarter and Annual 2008 Financial Results

Wafer manufacturer, LDK Solar announced today its plan to file its 2008 annual report on Form 20-F with the Securities and Exchange Commission, including its 2008 audited financial statements, on May 22, 2009.

Marlboro, MA, USA: Evergreen Solar Announces $60 Million Stock Offering

Evergreen Solar has commenced a $60 million public offering of its common stock. Evergreen Solar expects to grant to the underwriter a 30-day option from the date of the final prospectus supplement to purchase up to an additional $9 million of its common stock.

Shanghai, China: JA Solar Announces First Quarter 2009 Financial Results

JA Solar today announced financial results for its first quarter ended March 31, 2009. Revenue in the first quarter of 2009 was RMB 231.7 million ($33.9 million), a decrease of 79.4 percent from RMB 1.1 billion ($164.2 million) in the first quarter of 2008 and a decrease of 76.3 percent from RMB 979.0 million ($143.3 million) reported in the fourth quarter of 2008.

Sandvika, Norway: REC to Raise Capital and Debt

REC has today resolved to strengthen the company's financial position in order to ensure sufficient financial flexibility going forward. This will be done through; (i) restructuring of existing debt, (ii) adding new credit lines including a bond issue, and (iii) issuing new shares through a fully underwritten rights issue.

Niestetal, Germany: SMA Reports First Quarter 2009 Results

Inverter manufacturer, SMA Solar Technology presented Quarterly Financial Report January to March 2009 today. In the first quarter of 2009, SMA achieved a positive result despite a decrease in sales. As a result of declining market developments in the first quarter, sales decreased by 25 % compared to the first quarter of last year to 86.7 million Euros (previous year: 115.1 million Euros).

London, United Kingdom: PV Crystalox Solar Revises Guidance

Wafer manufacturer, PV Crystalox Solar has provided an Interim Management Statement for the period from 1 January 2009 to the date of this announcement. The Group continues to operate in a challenging trading environment and as a result expects to generate H1 revenues approximately 10% below the prior year (H1 2008: €126m).

Erfurt, Germany: Ersol Reports First Quarter 2009 Results

ersol Solar Energy generated consolidated revenues of € 32.4 million in the first quarter of 2009 compared to € 52.4 million in the corresponding period of the previous year.

Sulzemoos, Germany: Phoenix Solar Presents First Quarter 2009 Results

In the period from 1 January to 31 March 2009, German system integrator, Phoenix Solar recorded a decline in total revenues of 11.8 percent to EUR 36.7 million (Q1/2008: EUR 41.6 million).

Bitterfeld-Wolfen, Germany: Q-Cells Launches Guaranteed Convertible Bond

The Management Board of Q-Cells SE has approved the issuance of guaranteed convertible bonds. The Bonds will be issued by Q-Cells International Finance B.V., a wholly-owned subsidiary of Q-Cells, and will be guaranteed by Q-Cells.

Munich, Germany: CentroSolar Reports First Quarter 2009 Results

Substantial rises in revenue for CentroSolar Group AG in markets such as France, Switzerland (thereof several end customers in Belgium) and the USA in the first quarter of 2009 largely compensated for the boom in Spanish business in the prior-year quarter.

Bitterfeld-Wolfen, Germany: Q-Cells SE Publishes Report as of 31 March 2009

Q-Cells SE has published its report as of 31 March 2009. At 154.4 MWp, overall production is at more or less the same level as the previous quarter (Q4 2008: 156.2 MWp) and significantly up on the same quarter of the previous year (Q1 2008: 117.2 MWp).

Rochester Hills, MI, USA: Energy Conversion Devices Reports Results to March 31, 2009

Energy Conversion Devices yesterday announced financial results for its third quarter of fiscal 2009, ended March 31, 2009. Total consolidated revenues for the quarter were $66.0 million, compared to $70.0 million in the third quarter of fiscal 2008 and $103.1 million in the second quarter of fiscal 2009.

Waregem, Belgium: Energy Conversion Devices and Enfinity to Co-Develop Solar Projects

Energy Conversion Devices and Enfinity, NV today announced plans to co-develop a portfolio of rooftop solar installations throughout the U.S., as well as in numerous European countries, including Belgium, Germany, France, Italy, Spain and the Czech Republic.

London, United Kingdom: Doughty Hanson Technology Ventures Leads Investment in Sustainable Energy Technologies

Doughty Hanson Technology Ventures has led an investment in Sustainable Energy Technologies Ltd, a developer of breakthrough solar inverter technology. Doughty Hanson invested €2.9m million as the lead investor in a €4.8 million financing and reserves the right to invest a further €1 million in the next six months.

Boston, MA, USA: Satcon Reports First Quarter 2009 Results

Satcon Technology yesterday announced its results for the first quarter ended April 4, 2009. The company reported year over year revenue growth of 31% in the first quarter of 2009.

Thalheim, Germany: Q-Cells to Place 85 Million Shares in Renewable Energy Corporation

Q-Cells has placed approximately 85 million shares in Renewable Energy Corporation ASA (REC). The shareholding of Q-Cells (84,956,767 shares) amounts to approximately 17.2% of REC’s outstanding share capital.

Bonn, Germany: SolarWorld Group Reports First Quarter 2009 Results

The SolarWorld Group today reported First Quarter 2009 results. SolarWorld Group sales rose by 5 percent to 176 million euros in the first quarter, compared with 167 million in the same quarter the previous year.

Cittaducale, Italy: Solsonica and ESPE Plan Joint Venture

Cell and module manufacturer, Solsonica S.p.A., an EEMS Group company has signed a Letter of Intent to set up a joint venture with ESPE S.r.l., which operates in the field of renewable energy and is one of the major Italian companies engaged in the design and realization of photovoltaic systems.