U.S. Alternative Energy Correspondent
Nichola's Feed
Oct 25, 2011

First Solar ousts CEO, shares dive 24 percent

By Nichola Groom

(Reuters) – First Solar Inc’s board of directors ousted the solar company’s chief executive, Rob Gillette, replacing him on an interim basis with Chairman Mike Ahearn while it searches for a permanent replacement.

Shares in the world’s most valuable solar company plummeted more than 24 percent to $43.71 — its lowest level since March of 2007 — following the unexpected Tuesday announcement.

Oct 24, 2011

Special Report: Synged by Solyndra

LOS ANGELES/SAN FRANCISCO (Reuters) – David Prend is one of the most respected investors in green technology – but even he picks some losers.

Like the Department of Energy, Prend thought Solyndra, an innovative solar company, was a good bet. His venture capital firm, RockPort Capital, began investing in the company three years before the federal government gave the start-up a loan guarantee. RockPort eventually put more than $63.5 million into Solyndra.

Oct 24, 2011

Synged by Solyndra

LOS ANGELES/SAN FRANCISCO Oct 21 (Reuters) – David Prend is
one of the most respected investors in green technology – but
even he picks some losers.

Like the Department of Energy, Prend thought Solyndra, an
innovative solar company, was a good bet. His venture capital
firm, RockPort Capital, began investing in the company three
years before the federal government gave the start-up a loan
guarantee. RockPort eventually put more than $63.5 million into
Solyndra.

Oct 20, 2011

Solar cos that eschewed silicon step up their game

DALLAS (Reuters) – As prices on silicon-based solar panels continue to plummet, makers of alternative technologies are tweaking their products and in some cases shifting strategy altogether to make sure they are not left behind in the race to make solar competitive with fossil fuels.

From start-ups such as Miasole and eSolar to industry heavyweights like First Solar Inc, solar companies that use raw materials other than polysilicon are working to preserve both their competitive positions and their survival.

Oct 20, 2011

Analysis: Solar cos that eschewed silicon step up their game

DALLAS (Reuters) – As prices on silicon-based solar panels continue to plummet, makers of alternative technologies are tweaking their products and in some cases shifting strategy altogether to make sure they are not left behind in the race to make solar competitive with fossil fuels.

From start-ups such as Miasole and eSolar to industry heavyweights like First Solar Inc, solar companies that use raw materials other than polysilicon are working to preserve both their competitive positions and their survival.

Oct 20, 2011

Analysis: Solar cos that eschewed silicon step up their game

DALLAS (Reuters) – As prices on silicon-based solar panels continue to plummet, makers of alternative technologies are tweaking their products and in some cases shifting strategy altogether to make sure they are not left behind in the race to make solar competitive with fossil fuels.

From start-ups such as Miasole and eSolar to industry heavyweights like First Solar Inc, solar companies that use raw materials other than polysilicon are working to preserve both their competitive positions and their survival.

Oct 20, 2011

Solar executives wary of trade complaint vs China

DALLAS (Reuters) – A trade complaint filed by a group of solar companies against China drew skeptical reviews from inside the industry, with many fearing a trade war could disrupt growth.

On Wednesday, seven U.S. solar manufacturers asked the Obama administration to slap duties of more than 100 percent on China imports, which they said were unfairly undercutting U.S. prices and destroying American jobs.

Oct 19, 2011

First Solar says DOE loan loss won’t cause delays

DALLAS (Reuters) – First Solar Inc does not expect any delay in the completion of its massive Topaz solar power project in California despite not having clinched a U.S. Department of Energy loan guarantee to finance it.

The U.S. solar company is in advanced talks with several potential buyers for the project, a senior executive said on Wednesday.

Oct 17, 2011

Suntech sees stronger U.S. solar growth

DALLAS (Reuters) – Suntech Power Holdings Co Ltd expects U.S. solar installations to reach a record 2 gigawatts this year, even as demand from the German market stumbles, a Suntech executive said on Monday.

Solar companies have been betting that the United States could become the world’s largest market in the next few years, replacing Germany in the top spot as Berlin trims subsidies there.

Sep 26, 2011

SolarCity latest to see U.S. loan loss post-Solyndra

LOS ANGELES/WASHINGTON (Reuters) – Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a September 30 deadline.

The Department of Energy informed SolarCity of its inability to close the loan 48 hours ago, blaming increased paperwork resulting from a Congressional investigation into the DOE’s $535 million loan guarantee awarded to bankrupt solar company Solyndra, SolarCity said in a letter to the Republican lawmakers heading the probe.