news digest ♦ Solar
Constellation Energy to acquire 30 MW solar installation
The First Solar CdTe panels will be installed by Belectric in Sacramento, California.
Constellation Energy has acquired a 30-megawatt DC (25-megawatt AC) solar generation project in Sacramento, California, from utility-grade photovoltaic power plant developer Belectric.
The system will be comprised of approximately 381,000 First Solar CdTe thin film photovoltaic panels, ground-mounted at multiple sites near the city of Sacramento. Constellation Energy will own and operate the system and sell the electricity generated from it to the Sacramento Municipal Utility District (SMUD) under ten, 20-year power purchase agreements. The project is anticipated to be commercially operational by the end of 2011.
The transaction was arranged by Smart Energy Capital, LLC, a finance and investment company located in White Plains, New York, focused exclusively on the North American solar photovoltaic industry.
“This utility-scale generation project is an attractive opportunity for Constellation Energy to grow its existing solar portfolio,” said Andrew Good, senior vice president of corporate strategy and development for Constellation Energy. “We’re excited to invest in this project, which will help provide a long-term source of clean and emissions- free electricity to more than half a million customers in SMUD’s service territory.”
“Belectric is proud to be working with Constellation on this project, among the first to be installed under SMUD’s feed-in tariff program,” said David Taggart, president and COO of Belectric, Inc. “For the past 18 months, the Belectric Team has worked closely with SMUD, Sacramento County and local land owners to develop this project, which clearly demonstrates the competitiveness of Belectric’s integrated thin film PV system design. The installation of these power plants will create local jobs and generate clean power for the Sacramento region. Based on the great experience we have had with both Constellation and Smart Energy, we look
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www.compoundsemiconductor.net June 2011 forward to further collaboration.”
David Slomka resigns from Opel Solar as International Director
The GaAs based solar cell manufacturer will fill the vacancy at its next Board meeting on 21 June 2011.
Opel Solar International has announced the resignation of David Slomka as a Director of the Company for personal reasons. Slomka, who resigned on April 30th, served on the Board since June 2007 and was also the Chairman of the Compensation Committee.
The Board intends to fill the vacancy thus created at the next scheduled Board Meeting. The Board remains committed to its goal of increasing long- term shareholder value. The Board continues to be confident in the Company’s strategy for both its solar business that includes greater vertical integration, development of its brownfields initiative and its burgeoning solar systems rollout in North America and China and its Planar Optoelectronic Technology (POET) device development program.
The Company’s next Annual General Meeting of Shareholders is scheduled for Tuesday June 21, 2011.
GT Solar hits the jackpot with $218.9 million order
The order for sapphire crystallisation furnaces from China based firm HTOT shows that the buoyant market for this technology is growing.
GT Solar International, a global provider of sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets, has received an order for its advanced sapphire crystallisation furnaces.
The order totals $218.9 million and is from China-based Guizhou Haotian Optoelectronics Technology (HTOT). The order marks HTOT’s entrance into the fast-growing LED industry, and
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