Solar power
Solar power is the conversion of sunlight into electricity, either directly using photovoltaics (PV), or indirectly using concentrated solar power (CSP).
Energy Conversion Devices files Chptr 11
Posted by admin / Under Solar Power
1-year-old Energy Conversion Devices, Inc. a pioneer in materials science and renewable energy technologies, today voluntarily filed a petition for relief under Chapter 11 in the US Bankruptcy Court for the Eastern District of Michigan. As part of its bankruptcy plan, ECD intends to sell through separate sales its wholly owned operating subsidiary United Solar Ovonic LLC (USO) and other assets, including its minority stake in Ovonyx, Inc. On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. (OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations,...
Published on Thursday 23rd of February 2012 01:33:51 AM
More Solyndra glass being scrapped for a loss
Posted by admin / Under Solar Power
Attorneys for the company filed papers in U.S. Bankruptcy Court in Delaware last week asking for a court order to dispose of up to 3,900 pallets filled with glass tubes that were used to make Solyndra’s solar panels. The lawyers said the company tried to auction the tubes, return them to a supplier and sell the material to recycling companies. But it was too expensive to ship back to the supplier and nobody seemed interested in buying the glass, the attorneys said in court papers. Unable to sell the assets, Solyndra said it would be cheaper just to abandon the...
Published on Thursday 23rd of February 2012 01:33:51 AM
Energy Conversion Devices Files for Chapter 11
Posted by admin / Under Solar Power
The Auburn Hills, Mich., company filed for Chapter 11 protection in U.S. Bankruptcy Court in Detroit after it was unable to come to terms on an out-of-court deal with its convertible bondholders, according to Michael E. Schostak, director of business development at Energy Conversion Devices.
Published on Thursday 23rd of February 2012 01:33:51 AM
$1 billion Calif. solar project faces problems
Posted by admin / Under Solar Power
BLYTHE, Calif.—A major Southern California solar energy project could be delayed or even canceled following a deadly outbreak of distemper among kit foxes and the discovery of a prehistoric human settlement on the work site, according to a report Saturday. The $1 billion Genesis Solar Energy Project near Blythe in the desert east of Los Angeles was on track to start producing power for some 187,500 homes starting in 2014. But critics tell the Los Angeles Times ( http://lat.ms/wrtgOD) the distemper outbreak and discovery of a possible Native American cremation site show that expedited procedures approved by state and federal...
Published on Thursday 23rd of February 2012 01:33:51 AM
Sacrificing the desert to save the Earth
Posted by admin / Under Solar Power
Environmentalists are torn over the high cost of breaking reliance on fossil fuels. Industrial-scale solar development is well underway in California, Nevada, Arizona, New Mexico, Colorado and Utah. The federal government has furnished more public property to this cause than it has for oil and gas exploration over the last decade — 21 million acres. In the fight against climate change, the Mojave Desert is about to take one for the team. "I have spent my entire career thinking of myself as an advocate on behalf of public lands and acting for their protection," said Johanna Wald, a veteran environmental...
Published on Thursday 23rd of February 2012 01:33:51 AM
Sanyo to close solar factory in California (subsidies have run out)
Posted by admin / Under Solar Power
Snips from excerpt website: Japanese solar company Sanyo plans to lay off about 140 employees in California, or about 40 percent of its manufacturing workforce in the United States, as it shifts its strategy in order to compete with large rivals, particularly those from China. The company, which is part of Panasonic, is buiding a large factory in Malaysia that will make wafers and turn them into solar cells and then panels. Panasonic plans to invest 45 billion yen (about $580 million) in the new factory. A fellow manufacturer in Japan, Sumco, announced Friday it would get out of the...
Published on Thursday 23rd of February 2012 01:33:51 AM
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