ROSEVILLE, USA: Solar Power Inc. has signed a sales order agreement to supply German solar project developer Solarmarkt Sued Park with up to 25 megawatts of SPI’s high-performance 200 and 205-watt modules for a project currently being executed by Solarmarkt Sued Park.
The agreement also includes up to 50 megawatts of SPI’s proprietary SkyMount commercial rooftop racking systems. Under the agreement several megawatts of SPI solar modules and SkyMount racking are to be delivered during the remainder of 2009. The sales order agreement is set to extend through 2010 with product orders commencing immediately.
Solarmarkt Sued Park is a leading solar project developer focused on developing large-scale commercial photovoltaic solar systems throughout Germany. “The
performance of SPI’s solar modules is world-class. We share a common commitment to quality and place high value on their solutions-based approach to commercial systems,” said Frank Weckerle, President of Solarmarkt Sued Park.
“The quality and design features of Solar Power, Inc.’s SkyMountTM rooftop racking system are superior. We have selected SPI’s SkyMount system because it is an adaptable solution for a variety of unique installation requirements and offers an innovative non-penetrating option. We look forward to working with SPI as we execute both our current book of business and our developing project portfolio,” Mr. Weckerle concluded.
“The German solar market is very important to us. Our agreement with Solarmarkt Sued Park represents significant progress as we continue to pursue our international product sales strategy,” said Bradley Ferrell, President of Solar Power, Inc’s Commercial Sales Division. “As a large-scale project developer with an excellent reputation and strong demand for their services, we are very pleased to have our products play a significant role in the solar systems they are installing across Germany.”
Solar Power will immediately commence processing orders to meet Solarmarkt Sued Park’s active project requirements through the remainder of 2009. The balance of the agreement will be fulfilled throughout 2010. SPI continues to advance international sales of its high-performance modules, proprietary SkyMountTM racking systems, and its Peaq solar canopies.
Showing posts with label Solar Power Inc.. Show all posts
Showing posts with label Solar Power Inc.. Show all posts
Friday, September 25, 2009
Wednesday, September 16, 2009
Watch for fallout in equipment companies as solar crisis hits in 2010
NEW TRIPOLI, USA: Solar equipment companies will feel the impact of a looming solar industry crisis in 2010 according to the report: Opportunities in The Solar Market For Crystalline and Thin Film Solar Cells, published by The Information Network.
“In our release on September 3, we forecast that in 2010 the solar industry will exhibit capacity utilization of 25.7 percent, inventory will be stretched to 133 days, average selling prices could drop below $1 per watt in 2010 and $0.50 in 2011, and as many as 50 percent of the more than 200 solar manufacturers, mired in red ink with current selling prices above $2.00 per watt, may not survive,” noted Dr. Robert Castellano, President of The Information Network.
In addition to the failure and consolidation of the solar panel manufacturers, companies supplying equipment to manufacture panels will be severely impacted. Two things will happen. The obvious impact will be the loss of customers of equipment suppliers.
Solar manufacturers, in their exuberance to increase capacity from 17.6GW in 2009 to 24.2GW will initially purchase equipment only to have it sit idle in factories as inventory stretch to 133 days. As these companies close or consolidate, this equipment will then be sold on the secondary market, further exasperating revenue growth for equipment vendors.
Currently, the equipment companies are experiencing a slowdown because even though solar customers want to buy, financing is still tight. Going forward, the largest solar manufacturers will survive as a customer base. Chinese solar manufacturers, who prefer to purchase low-cost equipment from Taiwan, will also survive, as the Chinese government will subsidize their survival by stimulus packages, generous subsidies, free land, and cash for R&D.
Solar panel manufacturers that have reported losses just in the past few weeks include Energy Conversion Devices Inc, JA Solar, LDK Solar Co., ReneSola Ltd, Solar Power Inc., and Yingli Green Energy Holding Co. Ltd.
“Interestingly, five of the six companies are Chinese. They continue to increase inventory, lose money, and affect the entire solar panel industry. Perhaps, it is an attempt to become the worldwide leader in the solar market by eliminating the competition,” added Dr. Castellano.
In 2008, the top 10 equipment manufacturers of the $4 billion market were:
Table: Ranking of Top 10 Equipment Manufacturers
Source: The Information Network, USA
Applied Materials and GT Solar are the only two U.S. manufacturers in the top 10.
“In our release on September 3, we forecast that in 2010 the solar industry will exhibit capacity utilization of 25.7 percent, inventory will be stretched to 133 days, average selling prices could drop below $1 per watt in 2010 and $0.50 in 2011, and as many as 50 percent of the more than 200 solar manufacturers, mired in red ink with current selling prices above $2.00 per watt, may not survive,” noted Dr. Robert Castellano, President of The Information Network.
In addition to the failure and consolidation of the solar panel manufacturers, companies supplying equipment to manufacture panels will be severely impacted. Two things will happen. The obvious impact will be the loss of customers of equipment suppliers.
Solar manufacturers, in their exuberance to increase capacity from 17.6GW in 2009 to 24.2GW will initially purchase equipment only to have it sit idle in factories as inventory stretch to 133 days. As these companies close or consolidate, this equipment will then be sold on the secondary market, further exasperating revenue growth for equipment vendors.
Currently, the equipment companies are experiencing a slowdown because even though solar customers want to buy, financing is still tight. Going forward, the largest solar manufacturers will survive as a customer base. Chinese solar manufacturers, who prefer to purchase low-cost equipment from Taiwan, will also survive, as the Chinese government will subsidize their survival by stimulus packages, generous subsidies, free land, and cash for R&D.
Solar panel manufacturers that have reported losses just in the past few weeks include Energy Conversion Devices Inc, JA Solar, LDK Solar Co., ReneSola Ltd, Solar Power Inc., and Yingli Green Energy Holding Co. Ltd.
“Interestingly, five of the six companies are Chinese. They continue to increase inventory, lose money, and affect the entire solar panel industry. Perhaps, it is an attempt to become the worldwide leader in the solar market by eliminating the competition,” added Dr. Castellano.
In 2008, the top 10 equipment manufacturers of the $4 billion market were:
Table: Ranking of Top 10 Equipment Manufacturers
Source: The Information Network, USAApplied Materials and GT Solar are the only two U.S. manufacturers in the top 10.
Friday, June 19, 2009
Solar Power inks solar modules deal with Australian solar developer
ROSEVILLE, USA: Solar Power Inc. has entered into an exclusive agreement with the Australian solar developer Beyond Building Systems Pty Ltd for the purchase of SPI’s 170–220-watt solar modules.
The agreement provides BBS with exclusive access to SPI’s highly rated panels for use throughout Australia. The two-year supply agreement calls for a minimum purchase of 5.7 megawatts of SPI modules with shipments commencing in June.
“We are very pleased to engage with Beyond Building Systems as a key supplier of solar modules for their projects as they work toward meeting the demands of the growing solar market throughout Australia,” said Bradley Ferrell, President of SPI’s commercial sales division.
“Our relationship supports the significant growth objectives BBS has in order to meet the installation demands of Australia’s national Solar Neighborhoods program,” Ferrell concluded. The agreement with Beyond Building Systems marks SPI’s entry into the Australian photovoltaic solar market as the company continues to expand its international presence.
“Our company’s remains focused on deploying high-quality solar solutions into Australia’s growing solar market,” said Henrih Horthy, CEO of Beyond Building Systems. “Solar Power Inc. and Beyond Building Systems share common core values and a commitment to high-quality products. These are key attributes we look for in a strategic relationship. We look forward to a long and successful relationship with the Solar Power, Inc. team.”
Beyond Building Systems is located in Byron Bay Australia. The company’s mission is to build affordable, high quality, energy efficient housing and infrastructure, fully equipped to meet the global challenges of an ecologically and economically sustainable future.
Renewable energy has been featured as an integral part of the design of their new homes since the company’s inception. Beyond Building Systems operates across Australia and in the USA, Pacific Rim and Asia.
The agreement provides BBS with exclusive access to SPI’s highly rated panels for use throughout Australia. The two-year supply agreement calls for a minimum purchase of 5.7 megawatts of SPI modules with shipments commencing in June.
“We are very pleased to engage with Beyond Building Systems as a key supplier of solar modules for their projects as they work toward meeting the demands of the growing solar market throughout Australia,” said Bradley Ferrell, President of SPI’s commercial sales division.
“Our relationship supports the significant growth objectives BBS has in order to meet the installation demands of Australia’s national Solar Neighborhoods program,” Ferrell concluded. The agreement with Beyond Building Systems marks SPI’s entry into the Australian photovoltaic solar market as the company continues to expand its international presence.
“Our company’s remains focused on deploying high-quality solar solutions into Australia’s growing solar market,” said Henrih Horthy, CEO of Beyond Building Systems. “Solar Power Inc. and Beyond Building Systems share common core values and a commitment to high-quality products. These are key attributes we look for in a strategic relationship. We look forward to a long and successful relationship with the Solar Power, Inc. team.”
Beyond Building Systems is located in Byron Bay Australia. The company’s mission is to build affordable, high quality, energy efficient housing and infrastructure, fully equipped to meet the global challenges of an ecologically and economically sustainable future.
Renewable energy has been featured as an integral part of the design of their new homes since the company’s inception. Beyond Building Systems operates across Australia and in the USA, Pacific Rim and Asia.
Monday, May 4, 2009
Solar Power completes one of Georgia’s largest solar systems and second solar site for Cox
ROSEVILLE, USA: Solar Power Inc. has completed the installation of another photovoltaic (“PV”) energy system for Cox Enterprises, Inc. at its Manheim DRIVE Center facility.
The facility is a first-of-its-kind innovation center for automotive remarketing consisting of 165,000 square feet of space that serves as a place for the company to test new ideas and technologies, as well as for events and training sessions. The site also processes the sales of 1,100 automobiles per day through live and video auctions. The innovation and auction facility is located in Stockbridge, Georgia. According to Georgia Power, the 112 kilowatt DC (“kW”) system will be the largest commercial photovoltaic solar system in the state of Georgia.
This is the second in a series of PV solar systems SPI has designed and installed for Cox Enterprises, and also represents another major stride for the Cox national environmental initiative, Cox Conserves. Cox Enterprises put the company-wide sustainability initiative in place to reduce the company’s carbon footprint or greenhouse gas emissions 20% by the year 2017. The initiative also calls for 10 percent of companywide electric energy to come from renewable energy forms. PV solar plays an important role in helping the company achieve its goals.
“We are very happy to continue working with Cox Enterprises as they roll out their national program embracing sustainable and renewable practices. This is the second major system we have executed for them and we have similar projects underway to help them further advance their Cox Conserves initiative,” said Bradley Ferrell, President of Solar Power, Inc.’s commercial development division. “Cox Enterprises is a leader among the growing number of corporations who have begun to embrace and deploy sustainability initiatives and lead by example in the process. It is a privilege to continue to work with the Cox team as we help them achieve their economic goals and environmental initiatives through photovoltaic solar systems at their facilities across the United States.”
The 112 kW system is Cox Enterprises’ second commercial-grade photovoltaic installation and features 560 200-watt roof-mounted solar modules covering 10,000 square feet, and a highly efficient 95-kilowatt inverter. “Just as when we installed the 100.8 kW system for the company’s Cox Communications division cable telecommunications facility in Rancho Santa Margarita, California, we worked closely with the Cox team to ensure a seamless integration of the system without any interruption in operations. We were able to complete both of these projects on time and on budget,” said Ferrell. “We look forward to identical outcomes for additional projects as we continue to work together toward advancement of their Cox Conserves program throughout all of their areas of operation across the country,” Ferrell concluded.
The facility is a first-of-its-kind innovation center for automotive remarketing consisting of 165,000 square feet of space that serves as a place for the company to test new ideas and technologies, as well as for events and training sessions. The site also processes the sales of 1,100 automobiles per day through live and video auctions. The innovation and auction facility is located in Stockbridge, Georgia. According to Georgia Power, the 112 kilowatt DC (“kW”) system will be the largest commercial photovoltaic solar system in the state of Georgia.
This is the second in a series of PV solar systems SPI has designed and installed for Cox Enterprises, and also represents another major stride for the Cox national environmental initiative, Cox Conserves. Cox Enterprises put the company-wide sustainability initiative in place to reduce the company’s carbon footprint or greenhouse gas emissions 20% by the year 2017. The initiative also calls for 10 percent of companywide electric energy to come from renewable energy forms. PV solar plays an important role in helping the company achieve its goals.
“We are very happy to continue working with Cox Enterprises as they roll out their national program embracing sustainable and renewable practices. This is the second major system we have executed for them and we have similar projects underway to help them further advance their Cox Conserves initiative,” said Bradley Ferrell, President of Solar Power, Inc.’s commercial development division. “Cox Enterprises is a leader among the growing number of corporations who have begun to embrace and deploy sustainability initiatives and lead by example in the process. It is a privilege to continue to work with the Cox team as we help them achieve their economic goals and environmental initiatives through photovoltaic solar systems at their facilities across the United States.”
The 112 kW system is Cox Enterprises’ second commercial-grade photovoltaic installation and features 560 200-watt roof-mounted solar modules covering 10,000 square feet, and a highly efficient 95-kilowatt inverter. “Just as when we installed the 100.8 kW system for the company’s Cox Communications division cable telecommunications facility in Rancho Santa Margarita, California, we worked closely with the Cox team to ensure a seamless integration of the system without any interruption in operations. We were able to complete both of these projects on time and on budget,” said Ferrell. “We look forward to identical outcomes for additional projects as we continue to work together toward advancement of their Cox Conserves program throughout all of their areas of operation across the country,” Ferrell concluded.
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