CORAL SPRINGS, Florida, May 28, 2015 /PRNewswire/ --
Solar power plants globally have increased more than 20-fold for the past 7 years or more as companies continue to generate revenues from expansion and new installations of commercial and industrial projects. Energy Companies in focus today are: Atlantic Wind & Solar, Inc. (OTC: AWSL), Exelon Corporation (NYSE: EXC), Trina Solar Limited (NYSE: TSL), JA Solar Holdings Co., Ltd. (NASDAQ: JASO), JinkoSolar Holding Co., Ltd. (NYSE: JKS) and First Solar, Inc. (NASDAQ: FSLR)
Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce it has completed construction on a 160 KW utility scale solar project in Canada and announces the launch of a newly formed Yieldco. The $1.0 million commercial rooftop installation is expected to produce 3,300 megawatt hours of power over the next 20 years supplying Ontario with clean reliable energy. The power will be sold under the province's Feed-In-Tariff program. Atlantic has received Commercial Operation Notice from Ontario's Independent Electricity System Operator (IESO) - formerly the Ontario Power Authority (OPA). The solar power plant was developed by our Canadian subsidiary Atlantic Solar Inc.
Read the full AWSL Press Release at http://www.financialnewsmedia.com/profiles/awsl.html
Power 1 - Atlantic is also please to announce the formation of Power 1 Inc. The new wholly owned subsidiary is intended to be the off-taker of Atlantic developed projects. Power 1 would purchase and hold projects developed by Atlantic and other developers if conditions warrant. The aim is to provide a reliable yield generated from ongoing power sales. Financing of Power 1 would be direct with no dilution to Atlantic Wind & Solar shareholders. Management is in discussion with potential financiers and advisors and expects to announce more details in the near future.
In other Alternative Energy / Renewable Energy news and happenings: BGE, a subsidiary of Exelon Corporation (NYSE: EXC), the nation's leading competitive energy provider, with 2014 revenues of approximately $27.4 billion was recently awarded grants to four schools in central Maryland for the student-designed comic book covers they submitted featuring BGE's fictional gas safety hero, Captain Mercaptan and his two sidekicks, Sunny and Piper. The winning entry was from St. Stephen School in Kingsville, Md., which received the $10,000 top prize to use for a school enrichment project. Overall, $35,000 is being awarded by BGE to area schools as part of the contest. Captain Mercaptan takes his name from "mercaptan," the safety scent that BGE and other gas utilities add to normally odorless natural gas to give it a distinctive, easy-to-detect smell.
Trina Solar Limited (NYSE: TSL), a global leader in photovoltaic ("PV") modules, solutions, and services, announced earlier this month that it has set up Trina Solar Science & Technology (Thailand) Ltd., a subsidiary company in Thailand to build a manufacturing facility with 500 MW of module and 700 MW of cell production capacity. Trina Solar will invest US$160 million in the facility, which is located in Rayong of Thailand. Production is projected to commence in late 2015 or early 2016.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO), one of the world's largest manufacturers of high-performance solar power products, recently announced that it has signed a Memorandum of Understanding (the "MOU") with its Indian business partner, Essel Infraprojects Limited ("EIL"), to establish a solar cell and module manufacturing facility joint venture ("JV"). The MOU declares a 500MW production capacity for the JV and outlines the duties of each party.
JinkoSolar Holding Co., Ltd. (NYSE: JKS), a global leader in the PV industry, announced this week that its production facility in Penang, Malaysia has officially begun operations. The production facility, which began construction in March 2015 and received TUV certification in late April, has begun to produce highly-efficient cells and multi-crystalline modules. Full production capacity of 500 MW of cells and 450 MW of modules per year is expected to be reached within two months.
First Solar, Inc. (NASDAQ: FSLR) provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity. This segment manufactures cadmium telluride and crystalline silicon modules for project developers and system integrators, as well as owners and operators of photovoltaic (PV) solar power systems. The Systems segment provides turn-key PV solar power systems or solar solutions, such as project development; engineering, procurement, and construction. The stock for FSLR closed up slightly on Wednesday at $51.28 on over 2.2Million shares traded by the market close even though recently filings indicate delays on multiple projects in the current quarter, a higher mix of module only sales and the sale of the SolarGen 2 project in the prior quarter contributed to the lower revenue.
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