Solar ♦ financial news
Emcore Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. Emcore’s Fiber Optics segment offers optical components, subsystems and systems for high speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP).
Emcore’s Photovoltaics segment provides products for both space and terrestrial applications. For space applications, Emcore offers high efficiency gallium arsenide (GaAs) solar cells, covered interconnected cells (CICs) and panels. For terrestrial applications, Emcore is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems.
First Solar Doubles Revolving Credit Facility to $600 million
The term of the facility has been extended from three to five years and will mature in 2015.
First Solar has announced that it has amended its existing senior secured revolving credit facility, increasing it from $300 million to $600 million.
The term of the facility, which was oversubscribed, has been extended from three to five years and will mature in 2015. First Solar intends to use the facility for general corporate purposes, including the issuance of letters of credit.
The facility was agreed upon between First Solar and a syndicate of 13 leading international financial institutions. J.P. Morgan Securities and Bank of America/ Merrill Lynch served as Joint Lead Arrangers and Book Runners.
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost- effective, renewable energy solutions that protect and enhance the environment.
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www.compoundsemiconductor.net November/December 2010
Owens Design`s Solar Business Grows 152 % in Last Year
The firm’s collaborative tool designs claimed to reduce risk, time, and cost in deploying new process technologies for the solar, semiconductor, and data storage markets are experiencing massive growth..
Owens Design has announced bookings for new tool designs and manufacturing contracts with companies in the solar market have increased by 152 % in the past year.
“This significant growth in Owens Design’s solar business is a testament to our success in enabling the introduction of new solar manufacturing technologies in this important emerging market,” said John Apgar, President of Owens Design. “It also demonstrates the strength of the expanding solar market in relation to how the downturn has impacted most other technology sectors. The collaborative design and manufacture of solar tools is a large growth market for us.”
Collaborative capital equipment development and manufacture offers next generation solar companies an alternate solution when an off-the- shelf equipment solution does not exist. Over the years, Owens Design has developed a proven methodology that reduces tool development costs, minimizes technical risk, maximizes platform performance and reduces the time to volume production for their customers.
By working closely with Owens Design, a solar product company can focus its efforts on developing their core technology, while Owens’ experienced team of tool development engineers focuses on integrating this new technology into a platform that has been optimized to meet their performance specifications.
Owens Design deals with multi-layer thin film (i.e. CdTe, CIGS) and crystalline silicon substrate based processes. “At Owens Design, we average between 12 and 15 new tool design and development programs per year,” said Mark Danna, Owens Design’s VP of Sales and Marketing. “As a result, we have a highly experienced engineering team and an established ‘design and build’ infrastructure
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