U.S. Alternative Energy Correspondent
Nichola's Feed
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.

Jan 18, 2012

Analysis – 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.

Jan 17, 2012

Cree results, forecast disappoint; stock slides

By Nichola Groom

(Reuters) – - Cree Inc, a maker of LED lighting, reported a lower-than-expected quarterly profit and also gave a forecast for the current period that fell short of analysts’ estimates, sending its shares down more than 5 percent.

Fierce competition in the LED industry, mainly from an influx of Chinese companies, has cut prices, squeezed profit margins and inflated supplies. At the same time, demand for LED lighting has yet to take off in the mass market.

Jan 9, 2012

Wind energy dispute may test U.S.-China IP resolve

LOS ANGELES (Reuters) – A little-known dispute between a U.S. renewable energy company and its Chinese customer over the theft of trade secrets could prove to be a significant test of China’s intellectual property laws, and the success of Western companies in pursuing claims in China.

American Superconductor Corp, which makes wind turbine components and transmission grid systems, is seeking to recover $1.2 billion from Chinese wind turbine maker Sinovel Wind Group Co Ltd in four separate legal actions in China. The U.S. company has accused its former biggest customer of stealing the software AMSC makes to power wind turbines and illegally canceling contracts.

Dec 23, 2011

Insight: More solar firms set to burn up as prices sink

By Matt Daily and Nichola Groom

(Reuters) – Only four years ago, hundreds of start-ups optimistically built factories and churned out solar panels to meet rising demand. Now, closures and failure loom for many.

The brutal shakeout is a dramatic reversal for an industry that has seen overall global growth of more than 30 percent annually over the past decade and this year will reach new records for solar panel sales.

Dec 23, 2011

More solar firms set to burn up as prices sink

Dec 23 (Reuters) – Only four years ago, hundreds of
start-ups optimistically built factories and churned out solar
panels to meet rising demand. Now, closures and failure loom for
many.

The brutal shakeout is a dramatic reversal for an industry
that has seen overall global growth of more than 30 percent
annually over the past decade and this year will reach new
records for solar panel sales.

Dec 22, 2011

Germany’s Solar Millennium files for insolvency

FRANKFURT/LOS ANGELES, Dec 21 (Reuters) – Solar Millennium
AG (S2MG.DE: Quote, Profile, Research) became the second German solar company to file for
insolvency this month, as the company ran out of cash before it
was able to finalize deals to sell large projects in the United
States and Spain.

It still expects, however, to complete a transaction to sell
its biggest U.S. projects to German developer solarhybrid AG
(SHLG.DE: Quote, Profile, Research) early next year.