Solar News

Wednesday, March 10, 2010

GT Solar prices $121M secondary stock offering
GT Solar Inc. has priced 25 million shares of its common stock for a secondary offering that could bring the Merrimack, N.H. company about $121.25 million.

Tuesday, March 2, 2010

Konarka collects $20M from new partner Konica Minolta
Solar power technology company Konarka Technologies Inc. has taken in a $20 million investment from Japanese giant Konica Minolta Holdings Inc. in a deal that will have the two companies collaborate on organic thin-film photovoltaics.

Thursday, February 25, 2010

GT Solar lands $200M in contracts
GT Solar International Inc. has announced it has recently signed more than $200 million in new contracts for the company’s DSS450 ingot growth furnaces and ancillary equipment and services.

Thursday, February 18, 2010

GT Solar lands $20M furnace contract
GT Solar International Inc. announced late Wednesday that it has received a $20 million contract from a Chinese solar photovoltaic manufacturer for its furnaces used to make multi-crystalline silicon wafers.

Wednesday, February 17, 2010

Western Mass. Electric sites largest solar farm in Mass.
Western Massachusetts Electric Co. announced Wednesday it will develop the first utility-owned solar farm in Massachusetts at the William Stanley Business Park in Pittsfield.

Tuesday, February 16, 2010

GT Solar appoints Gaynor as CFO
Former Sonus Networks Inc. CFO Richard Gaynor has joined Merrimack, N.H.-based GT Solar International Inc. as CFO. Gaynor fills an opening the company has had since May 2009 when Robert Woodbury resigned from the post.

Friday, February 5, 2010

Nexamp wins largest solar contract in Mass.
North Andover solar installer Nexamp Inc. received the largest contract award for solar systems in Massachusetts Friday — a $20 million award to build 4.1 megawatts of solar capacity on a dozen state water treatment facilities.

Wednesday, February 3, 2010

1366 Technologies raises $5.1M
Solar-power technology developer 1366 Technologies Inc. has landed $5.1 million of a planned $6.2 million round of venture capital. The round was backed by returning investors including Polaris Venture Partners and North Bridge Venture Partners.

Tuesday, January 19, 2010

GT Solar pulls in $40M in Chinese solar tech orders
GT Solar International Inc. has landed more than $40 million in contracts with two wholly owned subsidiaries of Chinese solar firm GCL-Poly Energy Holdings Ltd., the largest polysilicon supplier in China.
Nexamp nabs $6.5M in new funding
Nexamp Inc., a Somerville-based renewable energy systems installer, has taken in $6.5 million in new equity funding, according to federal documents.

Friday, January 15, 2010

Mass. eases growth of solar farms
New state incentives and regulations are making it possible for the construction of large solar “farms” on tracts of land or very large rooftops, a scale familiar to neighboring states but rare in Massachusetts.

Tuesday, January 12, 2010

NREL contract prompts Spire to make concentrator solar cell
Solar technology equipment company Spire Corp. said that its wholly owned subsidiary, Spire Semiconductor LLC, has been awarded part of a federal contract from the U.S. Department of Energy’s National Renewable Energy Laboratory to help develop a solar concentrator chip.

Friday, January 8, 2010

Konarka raises $24M in seventh funding round
Konarka Technologies Inc., a Lowell-based developer of plastic photovoltaic materials, has raised $23.8 million in a Series G round of funding as well as a warrant sale.

Tuesday, December 29, 2009

Mass. unveils new solar-rebate programs
Massachusetts energy officials unveiled the heirs apparent to its wildly successful Commonwealth Solar rebate program, using a mix of ratepayer funds and stimulus money to pay for the incentives.

Wednesday, December 23, 2009

Evergreen Solar brings PVs to Patriot Place
Patriot Place, the 1.3 million-square-foot shopping complex adjacent to Gillette Stadium in Foxborough, will install a solar photovoltaic system powered by panels made by Evergreen Solar Inc.

Wednesday, December 16, 2009

General Catalyst-backed solar developer SunBorne Energy nets $5M
A General Catalyst Partners-backed solar project developer, SunBorne Energy Holdings LLC, has raised $5.2 million in a funding round and has plans to build large-scale solar plants throughout India.

Wednesday, December 9, 2009

Evergreen Solar says future growth is in China
One of Evergreen Solar Inc.’s top executives, vice president of finance Mark Fidler, told investors last week that all of the solar system maker’s future expansion will be in China to make the company more cost competitive with Asian solar companies.

Tuesday, December 8, 2009

BTU solar orders to Asia net $5.5M
BTU International Inc., a North Billerica-based photovoltaic manufacturing equipment maker, has landed $5.5 million in orders for solar processing equipment for the Asia/Pacific market. The orders include equipment to make silicon solar cells, in addition to metallization system equipment.

Wednesday, December 2, 2009

Merrimack College adds solar hot water system
Merrimack College reports one of its professors has received a grant to install a solar-powered hot water heating system in student residences. Electrical engineering professor Jack Adams got a $10,000 grant from the Paul E. Murray Fellowship to install the system in the Haverhill Townhouse, adding solar panels to the roof and a hot water system in the building’s basement.

Monday, November 23, 2009

Sun Catalytix nets $1M in third seed round
Sun Catalytix Corp. has received a third round of seed funding from Polaris Venture Partners to continue development of water-splitting technology developed by MIT professor Daniel Nocera.