ST. PETERS, Mo., Oct. 1, 2012 /PRNewswire/ — MEMC Electronic Materials, Inc. (NYSE: WFR) announced today it closed a new $200 million term loan on September 28, 2012. The term loan is secured by a second priority lien on substantially all of the company’s assets, including a pledge of all the equity interests of each of its domestic subsidiaries, other than certain project subsidiaries, and 66% of the voting equity interests of its first-tier foreign subsidiaries. Each of the company’s subsidiary guarantors under its first lien revolving credit facility is also a guarantor under this term loan. The term loan, which was fully drawn at the closing, has a maturity of five years. Interest will accrue at LIBOR (with a floor of 1.5%) plus 9.25%, for a current rate of 10.75%, and is payable quarterly in arrears. The company may prepay the outstanding balance subject to customary call protection and is subject to customary mandatory repayment provisions in the event of certain asset sales, equity issuances or incurrence of new indebtedness.
National Homes, a builder of luxury homes in Perth, is offering $50K of bonus inclusions on every home purchase. This includes display homes in Perth as well as homes that have been custom-designed by the builder.
SAN JOSE, Calif., Sept. 7, 2012 /PRNewswire/ — SunPower Corp. (NASDAQ: SPWR) announced today that it has signed a power purchase agreement with Pacific Gas and Electric (PG&E) for delivery of the 100-megawatt (AC) Henrietta Solar Project in Kings County, Calif. The project is expected to create approximately 200 jobs during construction and inject $72.7 million into the local economy.
XINYU CITY, China and SUNNYVALE, Calif., Sept. 5, 2012 /PRNewswire/ — LDK Solar Co., Ltd. (“LDK Solar”) (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that it will report financial results for the second quarter ended June 30, 2012 before the market opens on Monday, September 17, 2012. The company will host a corresponding conference call and live webcast at 8:00 a.m. Eastern Time (ET) the same day.
WASHINGTON, Sept. 2, 2012 /PRNewswire-USNewswire/ — In the wake of an unsuccessful attempt to install a replacement power-switching unit on the truss of the International Space Station, two crew members will venture outside for a second time in six days to complete the work. NASA Television will provide live coverage of the spacewalk beginning at 6 a.m. EDT, Wednesday, Sept. 5. The spacewalk is scheduled to begin about 7:15 a.m.
Clean Tech Electricity Storage Startup Changes Name, Emphasizing its Origins, Commitment to Disruptive Innovation, and Focus on Execution
CAMBRIDGE, Mass., Aug. 27, 2012 /PRNewswire/ — Liquid Metal Battery Corporation, or LMBC, a clean technology company working to commercialize an innovative electricity storage solution, unveiled its new name – Ambri. With the input of its employees, industry partners, and investors, Ambri is launched as a reflection of the Company’s core culture and principal purpose to bring a low-cost, reliable and long-lasting grid-scale battery to market.
Although Ryerson makes vast urban renovations, renewable energy continues to be left at nighttime.
Recently, alternative renewable energy sources have grown to be popular, with lots of universities embracing the sustainable and economical advantages of solar energy.
EarthTechling reports that the Californian private, non-profit college has installed over 3,000 solar panels at a couple of its campuses. Situated in San Diego, National University expects to create enough electricity to power almost 130 American homes annually and spend less than $1.6 million within the next 20 years. Read the rest of this entry »
Germany says it’s cutting subsidies for solar power panels because consumer demand is really high government support for that technologies have become very costly.
Germany has already established a generous subsidy policy to advertise renewables, especially pv cells, but Environment Minister Norbert Roettgen and Economy Minister Phillip Roesler proposed an agenda recently to chop subsidies for solar power by almost 30 %, Inter Press reported.
Analysts suggest the prosperity of solar power is driving costs excessive for that German government, which in December paid a subsidy in excess of $10.5 billion with the help of 7,500 megawatts of solar panels. Read the rest of this entry »
SoloPower, a California-based maker of thin solar panels, announced Tuesday they’re seeking to employ individuals to function in their new Portland factory.
The SoloPower manufacturing facility, a 225,000 square-foot former distribution warehouse found on North Marine Drive, ought to employ about 90 individuals at the end from the year, as per CEO Tim Harris. Ultimately, the company hopes to use about 450 individuals.
Potential workers can apply for work with the the company in the Interstate Profession Expo on Wednesday, March 7, in the Oregon Convention Center in Portland in between 9 a.m. and 1 p.m. Pre-registration for that expo is needed.
SoloPower is going to be “looking for gear engineers, chemical engineers, production and procedure engineers and front-end and upkeep technicians,” Thomas Barker, Director of Recruiting, stated inside a press release. “We’re proud to assist Oregon continue on the road towards establishing an extensive clean technologies manufacturing base along with a stronger state economic climate.” Read the rest of this entry »
The govt plans to put into action a mega challenge of establishing 500 megawatts solar panels – dependent power installations with financial support with the Asian Advancement Financial institution (ADB). As per preliminary estimate, this kind of a task will contact for a enormous total of $2-3 billion, strength ministry officials explained. Because the lead company, the electrical power division has laid out a tactic involving nine other ministries to put into action the very ambitious program. A delegation in the ability ministry is scheduled to attend the ADB-sponsored Asia Photo voltaic Electricity Forum in Bangkok from May 30-June one to negotiate the fund using the multilateral donor company. Official resources pointed out the conference is factor using the ADB’s approach to advertise renewable energy in Asia employing photo voltaic electric power techniques totalling 3,000MW potential in distinct nations with all the region.
