U.S. Alternative Energy Correspondent
Nichola's Feed
Jul 18, 2011

LDK audit committee chief resigns, shares slide

LOS ANGELES (Reuters) – China-based solar equipment maker LDK Solar Co Ltd said on Monday the chairman of its audit committee had resigned, and its shares fell to their lowest level in a year.

The departure of Louis Tung-jung Hsieh came after LDK was named in recent reports on weak corporate governance practices at Chinese companies by ratings agencies Fitch and Moody’s Investors Service.

Jul 15, 2011

Evergreen Solar won’t make note interest payments

LOS ANGELES, July 15 (Reuters) – U.S. solar company
Evergreen Solar Inc (ESLR.O: Quote, Profile, Research, Stock Buzz) warned on Friday it would not make
$4.2 million of interest payments due on its senior convertible
notes, citing its weakened liquidity.

The failure to pay the interest will trigger a default if
unpaid for 30 days, the company said in a filing with the U.S.
Securities and Exchange Commission. The interest payments were
due on Friday.

Jul 14, 2011

Federal government to refine solar energy development zones

LOS ANGELES (Reuters) – U.S. officials said on Thursday they would eliminate or reduce the size of some areas the government had deemed best for solar power development in six western states in response to tens of thousands of public comments.

The refinements will reflect a deeper analysis of the areas’ access to transmission lines as well as improved information on wildlife that could be affected by development of large-scale solar plants, officials from the Department of the Interior said on a conference call.

Jul 12, 2011

Trina Solar audit committee chief resigns; stock drops

LOS ANGELES (Reuters) – Trina Solar Ltd said the chairman of its audit committee had resigned from its board, sending the Chinese solar company’s shares down more than 12 percent.

Peter Mak resigned effective July 10 “to focus on other personal and professional pursuits,” Trina said in a statement on Tuesday.

Jul 12, 2011

Trina audit committee chief resigns; stock drops

LOS ANGELES, July 12 (Reuters) – Trina Solar Ltd (TSL.N: Quote, Profile, Research, Stock Buzz)
said the chairman of its audit committee had resigned from its
board, sending the Chinese solar company’s shares down more
than 12 percent.

Peter Mak resigned effective July 10 “to focus on other
personal and professional pursuits,” Trina said in a statement
on Tuesday.

Jun 30, 2011

Solar developers scrapping thermal for photovoltaic

LOS ANGELES, June 30 (Reuters) – Developers of solar
thermal power plants are scrapping plans to use steam
technology in favor of ever-cheaper solar panels that are
easier to finance and could help assuage concerns about the
systems’ environmental impact.

So far this year, at least four California projects,
representing about 1,850 megawatts of power generation, have
elected to change most or all of their technology to
photovoltaic solar panels, which turn sunlight directly into
electricity, from concentrating solar power, or CSP, which uses
heat to create steam that powers a generator.

Jun 29, 2011

Cells wants its solar panels on U.S. rooftops

LOS ANGELES, June 29 (Reuters) – German solar company
Q-Cells (QCEG.DE: Quote, Profile, Research, Stock Buzz) unveiled its thin film modules in the United
States on Wednesday as it seeks to cash in on growing demand in
North America while lessening its reliance on the European
market, where government support for solar is declining.

The company, which entered the North American market just a
year ago and thus far has had a tiny presence in the
utility-scale solar market, said it introduced its copper
indium gallium selenide (CIGS) solar modules to get into the
business for commercial and residential rooftop solar systems.

Jun 27, 2011

Venture firms seek “light’ green” tech bets

LOS ANGELES/SAN FRANCISCO (Reuters) – Green is back in venture capital circles — but call it light green.

Having placed big bets on capital-intensive industries like solar and ethanol just as the financial crisis quashed interest in risky new technologies, early-stage investors these days have a limited appetite for start-ups that need large amounts of cash to bring their products to market.

Jun 26, 2011

Analysis: Venture firms seek “light” green tech bets

LOS ANGELES/SAN FRANCISCO (Reuters) – Green is back in venture capital circles — but call it light green.

Having placed big bets on capital-intensive industries like solar and ethanol just as the financial crisis quashed interest in risky new technologies, early-stage investors these days have a limited appetite for start-ups that need large amounts of cash to bring their products to market.

Jun 21, 2011

CleanPath sets $800 million fund to invest in solar

LOS ANGELES (Reuters) – Renewable energy investment firm CleanPath LLC will pour more than $800 million into large photovoltaic solar projects in North America, the company said on Tuesday.

The company’s new fund is expected to invest in more than 1,000 megawatts of solar power plants over the next five years. The plants will range in size from 5 MW to over 100 MW.