Industry News
financing for the massive 53-MW (DC) under a short-term loan that matures
Solaredge Technologies appoints
Lieberose solar farm near Cottbus in on June 15, 2009. As a condition to the
Zvi lando as Vp of global sales
eastern Germany, which is scheduled to be loan, the company is required to file
SolarEdge Technologies appointed Zvi
completed by the end of 2009. for reorganization pursuant to Title 11
Lando to the position of vice president of
www.abound.com of the U.S. Bankruptcy Code within
global sales. Lando will direct worldwide
thirty days following the date of the
sales efforts for the company. Mr. Lando
DrI energy names Stephen Kelley loan. The company is currently engaged
joins SolarEdge from Applied Materials,
executive vice president in discussions with potential financing
where he served as vice president, general
DRI Energy has named Stephen Kelley sources, including The Quercus Trust,
manager of the Baccini Cell Systems (BCS)
executive vice president. Mr. Kelley concerning the extension of debtor-in-
Solar Business Group. www.solaredge.com
has more than twenty years of business possession or “DIP” financing to support
development and sales management the company’s operations during its
linde to supply one of Italy’s first
experience, specializing in the renewable reorganization.
thin-film solar cell plants
energy and high technology sectors. Most “Despite very promising macro
Linde Gases, a division of The Linde
recently, he was a segment executive at and micro business trends affecting the
Group, has been awarded the exclusive
SunPower Corporation, where he managed company,” said David Field, president and
contract to supply high purity gases to
solar energy sales teams for the large CEO of the company, “including solid
one of Italy’s first thin-film solar module
commercial and public utility markets. relationships with its business partners,
manufacturing plants. The Moncada
www.drienergy.com the current state of the financial markets
Energy Group s.r.l. is building the plant
combined with a difficult and complicated
in Campofranco, Sicily. Under this
Spire expands its international solar
capital structure have made it extremely
agreement, Linde Gas Italia will provide
reach
challenging for the company to secure
Moncada with turnkey installation of the
Spire Corporation, a provider of turnkey
needed financing. We are hopeful that a
plant’s bulk and specialty gases supply
solar factories and capital equipment to
restructuring will enable the company to
systems. On an ongoing basis, it will also
manufacture photovoltaic (PV) modules
emerge stronger and in a better position to
deliver nitrogen (N2), hydrogen (H2),
and cells worldwide, has appointed
capitalize on the anticipated future growth
silane (SiH4) and chamber cleaning gases
three new companies to represent Spire
in the solar industry.” www.appliedsolar.com
which are essential to making thin-film
internationally: Servo Dynamics Co., Ltd.
solar cells. www.linde.com,
in The People’s Republic of China; Energy
rec cuts wafer production by 35%
www.moncadaenergy.com
Control Systems for the Islamic Republic
REC Wafer has decided to temporarily
of Pakistan; and PV Middle East for the
take out approximately 35 percent of its
gT Solar commissions first
Gulf Arab States. www.spirecorp.com
production capacity due to a challenging
integrated solar wafer and cell
market situation and low demand
turnkey solution in greece
Taiwan’s Solar cell maker Motech
visibility. The temporary reduction will
GT Solar, a provider of specialized
hikes stake in uS-based ae
affect approximately 180 employees. REC
equipment and technology for the
polysilicon
Wafer continuously evaluates the market
solar power industry, has received final
Motech Industries, a Taiwan-based solar
situation and will prepare for a fast start-up
acceptance for the design, installation
cell maker, has announced an additional
process when the market outlook becomes
and commissioning of the first integrated
investment of US$25 million in AE
more predictable. www.recgroup.com
photovoltaic (PV) solar wafer and cell
Polysilicon Corporation to raise its stake
turnkey fabrication line in Greece. The
in the US-based solar-grade polycrystalline
Timminco and Q-cells replace solar
state-of-the-art production line, created for
silicon (poly-Si) supplier to 50.2%.
grade silicon contract
Greece-based Solar Cells Hellas S.A., has
According to the Chinese-language
Timminco and Q-Cells have reached a
an annual capacity of 30-megawatts (MW)
Economic Daily News (EDN), AE’s
new supply agreement for solar grade
and delivers a stable production process
fluidized-bed process enables a production
silicon. It will replace the agreement signed
that produces high-quality multi-crystalline
cost of US$25 per kilogram of poly-Si,
in 2008 for the five-year period through
cells of optimum efficiency. With the
lower than US$30-50/kg from the Siemens
2013. The new agreement contemplates
commissioning of this turnkey solution,
process. AE is setting up an annual
deliveries of 100 mt of solar grade silicon
Solar Cells Hellas becomes the first PV
poly-Si capacity of 1,800 metric tons with
for the remainder of 2009. Volumes,
manufacturer in Greece. www.gtsolar.com
production set to begin in the fourth
pricing and other terms for deliveries of
quarter of 2009, and then it will set up an
solar grade silicon in years 2010 to 2013
Solar power, Inc. appoints sales
additional annual capacity of 5,400 metric
will be subject to mutual agreement by the
representative for greece and the
tons in 2010-2011, EDN indicated.
end of 2009 and will be negotiated in the
Balkans
context of prevailing solar industry market
Solar Power, Inc., appointed Global Energy
applied Solar announces
conditions. Timminco will also return the
Services (GES) to represent SPI’s unique
restructuring
outstanding deposit of approximately EUR
line of solar products throughout Greece
Applied Solar, Inc., formerly Open Energy
8.9 million to Q-Cells. The companies
and the Balkans. Global Energy Services
Corporation, has begun the process of
agreed to a repayment schedule that will
is NBA star Peja Stojaković’s newly formed
restructuring its operations. On May
commence in the first quarter 2010 and be
company, dedicated to bringing affordable,
22, 2009, the company entered into a
completed by the end of 2010.
renewable energy solutions to the region.
definitive loan and security agreement
www.timminco.com, www.q-cells.com
GES will serve as the exclusive
with The Quercus Trust, pursuant to
which the company borrowed $698,000
www.globalsolartechnology.com
Global Solar Technology – July/August 2009 – 33
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