U.S. Alternative Energy Correspondent
Nichola's Feed
Feb 7, 2012

Fisker halts U.S. plant to renegotiate government loan

LOS ANGELES (Reuters) – Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.

The company has also let go about 40 workers, mostly engineering contractors, at its Anaheim, California headquarters, a spokesman said.

Feb 7, 2012

Fisker halts US plant to renegotiate govt loan

LOS ANGELES, Feb 6 (Reuters) – Electric car startup
Fisker Automotive Inc said on Monday it has suspended work at
its U.S. manufacturing plant and laid off 26 workers
there while it renegotiates the terms of its $529
million loan from the U.S. Department of Energy.

The company has also let go about 40 workers, mostly
engineering contractors, at its Anaheim, California
headquarters, a spokesman said.

Feb 2, 2012

SolarCity IPO expected in third quarter-source

LOS ANGELES, Feb 2 (Reuters) – Solar power company
SolarCity is expected to debut on U.S. markets in the third
quarter this year and has hired Goldman Sachs (GS.N: Quote, Profile, Research) to
underwrite its initial public offering, a source close to the
company said on Thursday.

The San Mateo, California-based startup will file its IPO
plans with the U.S. Securities and Exchange Commission “within a
few weeks,” the source said. The deal is expected to value the
company at around $1.5 billion.

Jan 31, 2012

Exclusive: Canadian Solar seeing spike in European demand

LOS ANGELES (Reuters) – Canadian Solar Inc is scrambling to ramp up production of solar panels to meet an unexpected surge in demand from Europe, Chief Executive Shawn Qu said on Tuesday.

German customers, in particular, have increased orders in anticipation of a reduction in the government’s subsidy for solar energy in the coming months, Qu told Reuters in an interview.

Jan 31, 2012

Canadian Solar seeing spike in European demand

LOS ANGELES, Jan 31 (Reuters) – Canadian Solar Inc
(CSIQ.O: Quote, Profile, Research) is scrambling to ramp up production of solar panels to
meet an unexpected surge in demand from Europe, Chief Executive
Shawn Qu said on Tuesday.

German customers, in particular, have increased orders in
anticipation of a reduction in the government’s subsidy for
solar energy in the coming months, Qu told Reuters in an
interview.

Jan 27, 2012

California sets landmark rules to cut auto emissions

LOS ANGELES (Reuters) – California approved aggressive new rules on Friday to reduce greenhouse gas emissions by requiring automakers to put many more electric and hybrid vehicles on the Golden State’s roads by 2025.

The regulations were approved unanimously by nine members of the state’s powerful air-quality regulator, the California Air Resources Board, at a meeting in Los Angeles.

Jan 25, 2012

U.S. rivals accuse China of dumping solar panels

By Nichola Groom

(Reuters) – Chinese solar panel makers flooded the U.S. market with their products at the end of last year in anticipation of potential duties on those products, a coalition of domestic solar manufacturers said on Wednesday.

The Coalition for American Solar Manufacturing, led by the U.S. arm of German panel maker SolarWorld AG, said Chinese manufacturers including Suntech Power Holdings Co Ltd and Trina Solar Ltd have more than doubled shipments of solar cells and modules.

Jan 20, 2012

Carmaker Fisker lowers 2012 sales view again

LOS ANGELES (Reuters) – Fisker Automotive Inc has once again ratcheted down sales projections for 2012, saying the rollout of its luxury electric cars in both the United States and Europe was slower than expected due to regulatory hurdles.

The California startup now expects to sell “about 10,000″ of its Karma vehicles this year, spokesman Roger Ormisher said, down from a prior projection of between 10,000 and 12,000 given in November. That view had been adjusted from an original target of 15,000.

Jan 19, 2012

Nanosolar names new CEO

By Nichola Groom

(Reuters) – Thin film solar startup Nanosolar Inc on Thursday named a former Cisco Systems Inc and Hewlett Packard Co operations executive as its chief executive.

Eugenia Corrales, 46, who has served as Nanosolar’s executive vice president of engineering and operations since May of 2010, will replace CEO Geoff Tate, who is retiring after two years.

Jan 18, 2012

New technology focuses the sun to cut solar’s cost

LOS ANGELES (Reuters) – A fledgling but fast-growing solar technology that multiplies the sun’s power up to many hundreds of times promises to deliver cheaper electricity than traditional panels and has received the backing of some major industry players.

Called concentrating photovoltaic solar, or CPV, the technology is best suited for very sunny, desert-like locations and could face some near-term challenges. Those include a sharp drop in the price of its top competition — mainstream solar panels — and a financing environment that can be skittish about new technology bets.