Solar Energy Investing

TransWorldNews reports Quality Stocks News is highlighting GT Solar International Inc.  The company manufactures solar grade polysilicon, solar wafers, and solar cells for photovoltaic technology.  They have recently experienced a revenue increase of 272% from last year.

StreetInsider.com reports Trina Solar Limited is planning to use the proceed of notes to allow for future manufacturing expansion of solar ingots, wafers, solar cells, research and develoment, amongs other things.  They will offer $120 million aggregate principal amount and an additional $18 millon aggregate principal amount of the notes to cover overallotments.  The notes will mature in July 2013 at an annual rate of 4.00% interest.

iStockAnalyst reports the Florida Public Service Commission approved FPL to charge customers for new solar power plants.  By adding .31 a month to customers’ bills for 25 years, this will recover $688 million to begin construction on the plants later this year.  Three new facilities are planned for Martin, DeSoto, and Brevard Counties.

iStockAnalyst reports a $1.2 billion contract has been signed by Evergreen Solar and IBC Solar AG, a German solar panel distributer.  Evergreen also opened a new $165 million plant to build 780,000 solar panels by next near.  That is enough panels to power 23,000 homes.  The plant expectes to create 160MW a year from solar panels when it reaches its full capacity.

Solar Industry reports Pall Corp. has provided eight new technologies to advance the solar industry.  These technologies include a resource recovery system to seperate silicon particles frm ultra-pure water - this will allow for 95% recovery of deionized water.

TradingMarkets.com reports China Sunergy will receive 156 millimeter solar wafers for seven years from Renewable Energy Corporation Wafer.  The cost for the life of the agreement will exceed $400 million.

Scientific American reports IBM, Intel, and Hewlett-Packard are looking to revolutionize the solar cell industry as they brought PCs to peoples’ homes.  These large companies have previous experience, multi million dollar research budgets, tech equipment and worldwide facilities.  These companies are funding their own research without government incentive or assistance to lower the cost of solar cells.

Forbes.com reports ReneSola Ltd, a Chinese solar wafer manufactuer, nearly tripled their first quarter profit due to increased production.  An agreement to provide 525 MW to Gintech Energy Corp assisted in the surge of share rates.  The company expects to increase production by 1,000 MW by the end of 2009.

AZOOptics.com reports GT Solar Inc. will introduce their newest solar furnace with a signed agreement to supply Nexolon Co. of South Korea at a worth of $8.8 million.  This furnace enables solar panel producers to grow multicrystalline silicon wafers to produce electricity when exposed to the sun.

AZOOptics.com reports LDK Solar Company Ltd has signed a 5 year contract to supply multicystalline solar wafers to Qimonda AG, Germany.  LDK Solar will deliver 540 MW of solar wafers under this agreement.