Sharp, Enel, STMicro to jointly make solar cells
Japan's Sharp Corp (6753.T: Quote, Profile, Research) said it will set up a joint venture with Enel (ENEI.MI: Quote, Profile, Research) and STMicroelectronics (STM.PA: Quote, Profile, Research) by March to make solar cells in Italy, in a bid to further tap the strong growth potential of renewable energy sources.
Consumer electronics maker Sharp and Italian utility company Enel in 2008 announced their intention to make thin-film solar cells with a European manufacturer, but they did not identify the third company.
The venture plans to start producing solar cells in early 2011 at STMicroelectronics' existing facility in Sicily at an initial output capacity of 160 megawatts a year, which will eventually be raised to 480 megawatts.
In addition to bank loans, each of the joint venture partners will invest up to 70 million euros in the project, Sharp said in a statement.
The venture will be owned a third each by Sharp, Franco-Italian chip maker STMicroelectronics and Enel Green Power, an Enel group company.
SourceLabels: Sharp, Solar News, solar panels, Solar Stocks, Solar Technology
Suntech Power Holdings Co. (STP) Goes up, and then higher
Investors and Analysts started getting very Bearish, right after the market does another relative bottom, so the Market does the opposite and STP gaps up 6% yesterday.
This is the perfect exemple of buy the bad news, sell the bad rumor, and this is the market buying, or covering the shorts, with the bad news all over the internet.
Suntech Power will probably gap up around 3% today, the chart looks good for short-term Bulls.
More in the news, now positive for Suntech Power and negative for SunPower Corp. (SPWRA)
SunPower Losing California Sales to Sharp, Suntech
SunPower Corp., the largest supplier of solar power panels in California, is losing market share to China’s Suntech Power Holdings Co. and Japan’s Sharp Corp. as developers seek cheaper modules, says Pacific Crest Securities.
Sharp has won 28.5 megawatts of solar power projects this year under the California Solar Initiative, topping SunPower’s 26.2 megawatts. Last year, developers chose SunPower for 51.9 megawatts, almost double Sharp’s 27.5 megawatts, said Mark Bachman, an analyst at Portland, Oregon-based Pacific Crest. Suntech orders year-to-date more than tripled to 15.7 megawatts.
“We expect SunPower to continue to lose share as investors are not willing to pay the premium prices for its commodity product,” Bachman said today in a note to clients. Sharp, Suntech and Germany’s Solarworld AG “are best positioned for market share wins in the U.S.”
SourceLabels: Sharp, solar charts, Solar Stocks, solarstocks, SPWRA, STP, SunPower Corp, Suntech Power
Marketing Solar Panels to Fifth-Graders
Employees of the Sharp Electronics Corporation were at Joyce Kilmer Elementary School in Mahwah, N.J., recently to teach a lesson on climate change and renewable energy. The cartoon image of an ailing Earth — a thermometer sticking out of its mouth — was the opening slide in their presentation.
Climate change and energy are complex issues, so I was interested to observe how they would be distilled by the Japanese electronics giant — and one of the world’s largest makers of solar panels — to an audience of 10 and 11-year-olds. I recently sat in the back of a fifth-grade class and listened in.
Source:
NY Green Inc. BlogLabels: Sharp, solar, Solar Energy, Solar power
