The North American solar market is steadily gaining traction, thanks to a combination of maturing technologies, declining costs and burgeoning regional incentives. California remains at the forefront of the U.S. market, standing as a prime example of the positive impact to be had through investment in renewable energy," said Daniela Schreiber, executive vice president of San Francisco-based EuPD Research USA. "We anticipate approximately 1,020 MW in new installed capacity during 2012, and as many as 8,462 jobs created across the supply chain."
The U.S. Department of Commerce will rule on May 16 (and announce on May 17) whether to impose duties to offset any illegal dumping of solar products at artificially low prices and, if so, at what percentage margins.
Commerce currently is scheduled to make its final determination on the CVD (countervailing duty) complaint in June 2012. If Commerce makes an affirmative final determination, and the U.S. International Trade Commission (ITC) concurs that imports of solar cells from China materially injure, or threaten material injury to, the domestic industry, Commerce will issue a CVD order. The ITC is scheduled to make its final injury determination on July 19.
Read more: http://www.pv-magazine.com/news/details/beitrag/solar-smackdowns-resume-in-reaction-to-chinas-5-year-plan_100006652/#ixzz1uJlUydAO
All of the Green Funds and ETFs loaded with Chinese Solars etc. are being liquidated ... FSLR and SPWR are caught up in the non stop liquidation... Unfortunately this is how sectors bottom!
India plans to more than double its amount of clean power generation capacity to almost 53,000 megawatts by 2017 under the latest five year plan.
India plans to add 29,800 megawatts of renewable power generation in five years, more than twice the 12,871 megawatts added during the previous five year plan, according to data from the Ministry of New and Renewable Energy.
Over the coming period, the nation plans to add 15,000 megawatts of wind farms, 10,000 megawatts of solar power, 2,700 megawatts of power based on biomass and biofuels, and 2,100 megawatts of small hydroelectric projects, Minister Farooq Abdullah said in a written response to parliament that was e- mailed by the ministry late yesterday.
The nation has installed 23,128 megawatts of clean power projects to date.
May 07, 2012
New appointment Sujoy Ghosh will be responsible for advancing and executing First Solar's business strategy to expand the market for utility-scale solar photovoltaic cadmium telluride power plants
First Solar has appointed Sujoy Ghosh in a new role as Country Head to lead business development in India and manage the company's new entity based in New Delhi.
He reports to Jim Brown, First Solar Executive Vice President for Global Business Development.
With more than 20 years of Industry experience, Ghosh joins First Solar from GE Energy, where he was the regional general manager for the Power Generation business. He has worked in a diverse range of businesses from transmission and distribution to thermal power generation to renewable energy. Prior to joining GE, Ghosh worked at Tata Honeywell in sales and market development for 13 years.
"India is a land of immense opportunity for solar energy and First Solar, and we will continue to invest here as part of our strategy to develop sustainable, utility-scale solar markets where energy demand is strong and growing," comments Brown. "Sujoy's extensive experience in the energy industry and strong understanding of the Indian market will be invaluable to First Solar as we work to help India meet its energy needs with clean solar power."
"India is taking a progressive approach by incorporating clean, renewable sources of power in its plans to address its growing energy needs," says Ghosh. "I am pleased to join First Solar, which has proven solutions to support India's energy and economic growth."
India is expected to become one of the world's major solar markets due to its strong growth, significant energy demand and abundant solar resource. First Solar entered the Indian PV market in 2011 and is a local market leader for large-scale PV power plants. India accounted for around 8% of the company's net sales in 2011.
Yes everyone in the industry has known for the last few years about panel prices falling and margins contracting.
So every quarter for the last few years the 20+ insightful analysts see only the most recent evidence as a HOLD on the group, at any price level and valuation ratios.
Also FSLR is the only shortable company in the group, so who do all the computerized robot "Money Managers" pick on ? Market Nuetral Hedge Fund pairs traders don't think long term.
I wonder what the Board of Directors at the Annual Meeting tomorrow will have to say about the loss of tens of billions of market cap ?
In 2005, Goldman pledged to invest and finance $1 billion of environmentally friendly projects. By the end of 2011, the company had exceeded its goal, arranging $24 billion worth of financing and investing $4 billion into such projects, said Kyung-Ah Park, head of environmental markets at Goldman.
The bank's new $40 billion target applies to investments and financings for solar, wind, hydro, biofuels, biomass conversion, energy efficiency, energy storage, green transportation, efficient materials, LED lighting and transmission.
As of March 31 2012 ...
There are very few large institutional holders left ...
Now there are 58 million shares/330 holders...
Most of those large shareholders are buy and hold Russell 1000 type funds.
Every big momentum fund has sold out already.
The last time shorts covered 5 million shares between 12/31/11 and 2/15/12 ...
FSLR gained 15 points.
This time will be much more dramatic as the large sellers are gone, and new momentum funds will be all over FSLR.
We THINK a PARABOLIC MOVE UP is likely !
The Hussman Funds have been buying millions of SPWR ...
IT MAKES SENSE that the INDEX HOLDS THEM BACK especially if they are trading in a computerized channel like FSLR.
William Hester of the Hussman Funds, observed that when you examine full-year performance, portfolios of stocks removed from the index for reasons other than buyouts outperformed those of added stocks. He points out these neglected and underappreciated stocks may have “more life left in them than most investors expect.”
This issue’s First Cut focuses on firms that have been removed from the S&P 500 index for reasons other than being bought out, taken private, or redomesticated outside the United States. The First Cut listing indicates when and why a stock was removed from the index. Companies must currently have a minimum market capitalization of $3.0 billion for inclusion in the S&P 500. Most companies in the table were removed because they became too small. Some were relocated to other S&P indexes, while others were completely dropped. Hester’s study found that stocks taken out of the S&P 500 and not placed in the MidCap or SmallCap index outperformed those that were relocated.
SunPower Closes Acquisition of Tenesol SA
Expands SunPower's Global Presence
SAN JOSE, Calif., Jan. 31, 2012
- SunPower Corp. (NASDAQ: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems today announced it has completed its acquisition of the wholly-owned Total SA subsidiary Tenesol SA, a global solar provider headquartered in La Tour de Salvagny, France for $165.4 million in cash. Concurrently with the closing of this acquisition, Total purchased 18.6 million shares of SunPower common stock in a private placement at $8.80 per share. Total now owns approximately 66 percent of SunPower's common stock.
"SunPower is well positioned to gain share during the current market transition with the addition of Tenesol's established European and global customer channels and strong manufacturing base in Europe and Africa," said Tom Werner, SunPower president and CEO. "Tenesol's well-established engineering and sales channels and strong team will complement SunPower's world-leading high efficiency, high reliability solar panels and systems global footprint."
No more Institutional sellers are left ... The volume is just from channel trading computers. When the uptrend channel starts the same computers will aggressively buy every dip to the daily trend lines.
There has been an increase of 11 million shares short since 2/15/12 ... $40 down to $13... or approximately 3 million shares shorted per point.
The restructuring news is out already yet no shorts coved in the last two weeks.
This is amazing as some other investment funds bought those 11 million shares shares.
Also about 2/3 rds of the float is held by buy and hold indexing funds.
Houston we have ignition and ready for liftoff! Wait is that shill Cramer standing under the Rocket booster engines
holding a rope and trying to hold FSLR back?
Correction 400 thousand shares shorted per point.
Almost 1 million per point now short from $40
SEPA Utility Solar Rankings survey findings show utilities doubled new solar power additions compared to 2010
•More than 62,000 new interconnected PV systems integrated by utilities in 2011 •New solar power capacity increased 120 percent over 2010
•Utilities proactively owning and contracting for more solar power
•Much of growth in Eastern United States
We are developing a 40 MW solar photovoltaic project, India's largest such project , in Pokharan, Rajasthan which is expected to be commissioned by March 2012. This will be followed by a 100 MW solar thermal project at the same location which is expected to be commissioned by May 2013. We are also developing a 200 MW wind project in Vashpet, Maharashtra.
We also have around 94 MW of operational wind farms within the Group. We have finalized plans to develop 5,292 MW of hydroelectric power projects which are at various stages of development. We have also identified locations for setting up of wind and solar based capacities which would take our total renewable capacities to 1,000 MW. We expect that, of our total energy portfolio as much as ten percent will come from renewable energy capacities.
Long term, First Solar is shifting its focus from government-subsidized Western markets to places like India, where solar electricity is competitively priced with more traditional sources. What's more, First Solar's thin-film panels have a technological advantage where heat and humidity tend to limit the effectiveness of Chinese-manufactured silicon panels.
But make no mistake about it: alternative energy stocks are going to be long-term winners-especially for solar power investors.
For instance did you know that Germans are initiating a campaign valued at more than $260 billion to harness wind and solar power. It is already being called the biggest restructuring of the national energy landscape since the end of World War II.
Or that China plans to double its solar power capacity by installing three GW this year, according to China Daily.
And despite the recent declines, analysts expect European demand to rise again in 2012. UBS forecasts that solar power generation will rise from 21 GW in 2011 to 25 GW in 2012.
What's more, solar panel prices are expected to stabilize as a result of tighter inventories and improving demand.
Future Principal Payments
At December 31, 2011, future principal payments on our long-term debt, excluding payments related to
capital leases, which are disclosed in Note 16. “Commitments and Contingencies,” to these consolidated financial
statements, were due as follows (in thousands):
2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 46,368
2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,187
2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,225
2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 279,137
2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56,222
Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125,405
Total long-term debt future principal payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $667,544
We have historically provided a limited warranty against defects in materials and
workmanship under normal use and service conditions for 5 years following delivery to the owners of our solar
FIRST SOLAR, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS— (Continued)
modules. For solar module sales made subsequent to September 30, 2011, we have increased the limited warranty
we provide against defects in materials and workmanship under normal use and service conditions from 5 years
to 10 years.
We also warrant to the owners of our solar modules that solar modules installed in accordance with agreedupon
specifications will produce at least 90% of their power output rating during the first 10 years following their
installation and at least 80% of their power output rating during the following 15 years. In resolving claims under
both the defects and power output warranties, we have the option of either repairing or replacing the covered
solar module or, under the power output warranty, providing additional solar modules to remedy the power shortfall.
We also have the option to make a payment for the then current market module price to resolve claims. Our
warranties are automatically transferred from the original purchasers of our solar modules to subsequent purchasers
upon resale. When we recognize revenue for module sales, we accrue a liability for the estimated future
costs of meeting our limited warranty obligations for those modules. We make and revise this estimate based on
the number of our solar modules under warranty at customer locations, our historical experience with warranty
claims, our monitoring of field installation sites, our in-house testing of our solar modules, and our estimated
per-module replacement cost.
US Solar Industry
A group of 20 U.S. solar industry stakeholders have submitted a letter to Secretary of the Interior, Ken Salazar, in which they lay out their recommendations for creating a "smart from the start" public land solar energy program. They also state that it "must" be complete by the end of fiscal year 2012. Following the closure of the 90 day public comment period on its Supplement to the Draft Programmatic Environmental Impact Statement for Solar Energy Development (Solar PEIS), the U.S. Interior Department is working towards finalizing the country's first public land solar energy program.
The U.S. Bureau of Land Management (BLM), which in October announced that under the proposed program new solar energy zones (SEZ) on public lands would be identified in six U.S. states in order to boost deployment of utility-scale solar projects, had been seeking input on the Solar PEIS. Since the issuance in December 2010 of a draft version, over 100,000 comments have been collected.
In a bid to ensure a "smart from the start" program is created, a group of 20 solar industry stakeholders, including, Abengoa Solar, BrightSource Energy, First Solar, SunPower and the Solar Energy Industries Association, submitted a joint letter to the DoI on January 27, 2012, outlining their recommendations on how to successfully take the program forward. In the letter, the parties agreed that "(1) solar energy development in the right places on public lands is necessary to achieve our renewable energy goals, protect desert ecosystems, landscapes and species, and fight rapid climate change; and (2) zones are an accepted land use planning tool that can facilitate solar development, especially by clustering projects around transmission, minimizing other infrastructure needs and reducing the footprint of that development." They added that the zones thus far identified -- 17 SEZs totaling around 285,000 acres in Arizona, California, Colorado, Nevada, New Mexico and Utah, have been identified -- are just a "starting point" and that a "more robust" system of zones should be created going forward. In total the parties put forward eight recommendations. They broadly encompass:
This action is just some upside volume swamping day trading shorts ...
WAIT until you SEE the Whites of Their EYES!
It appears that No institutions are taking a BIG position, just adding a little Equity from their mandated balancing programs.
YES FSLR IS GOING TO $100+ be patient. Solar is the future , forget Natural Gas that story is OVER !
The gas well decline rates and pollution caused have bankrupted the industry...
This does not look like short covering yet!
News is Soon on the Antelope Valley dust problem...
China isn’t the only market headed for a boom. Japan, the sixth-largest market in 2011, starts a new solar incentive program in July and may install more than 4.6 gigawatts of solar panels next year, second after China, according to New Energy Finance. Saudi Arabia is seeking investors for a $109 billion plan to create its own solar industry.
These programs may not be reflected in forecasts for global demand, said Daniel Guttmann, head of renewable strategy at PricewaterhouseCoopers LLP, a consulting company. “In almost every year you look, forecasters’ cost-reduction assumptions and demand forecasts are too conservative.”
Winner of $130m Solar Flagships program announced
by: JOE KELLY
June 09, 201212:00AM
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LABOR has announced the winner of its Solar Flagships program after a delay of several months, approving nearly $130 million in federal funding for a 159 Megawatt project across two NSW sites.
The Solar Flagships program came under pressure earlier this year after Energy Minister Martin Ferguson announced in February that bidding under round 1 of the scheme's photovoltaic (PV) stream would be re-opened after the Moree Solar Farm failed to meet its deadline last December to reach financial closure on its project.
A $129.7 million grant was instead awarded yesterday to energy retailer AGL Energy and PV manufacturer First Solar, with the project to be built across two sites including Broken Hill in western NSW and Nyngan in central NSW.
The $450m project has the capacity to generate enough electricity to power approximately 30,000 homes, with Mr Ferguson yesterday saying the project represented excellent value for money and high commercial viability. The NSW government has committed $64.9m to the project.
The $1.5bn Solar Flagships program was first announced in December 2009 and in June last year the Moree Solar Farm was offered a grant of $306.5m, but was unable to meet its financing conditions by December 15.
With the reopening of bidding, the government confirmed yesterday that the Moree project was again assessed by the Solar Flagships Council and found to be "of high merit" but will be referred on to the new Australian Renewable Energy Agency for further consideration.
"When it comes to developing first-of-a-kind projects it is important that the Australian government seeks to reduce the risks where possible to give the Australian solar industry the best opportunity to grow," Mr Ferguson said.
"At the end of the day it all comes down to cost, and if large-scale solar is going to succeed in Australia it has to be cost competitive."
In February, Mr Ferguson also announced a five-month extension for the $1.2bn Solar Dawn thermal project in Queensland to reach financial closure. The government will discover within weeks whether the 250 Megawatt project will meet its extended financing deadline.