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Solar project developer Enfinity announced it has acquired solar developer ClearPeak, adopting the latter’s pipeline of renewable energy customers and projects. The acquisition will expand Enfinity’s reach coast-to-coast.
SmartSynch and Sprint (NYSE:S) announced today a residential utility smart meter that communicates over the Sprint network and uses SmartSynch’s network management. This follows SmartSynch’s announcement last week that it would team with Verizon to release a smart grid communications solution for residential utilities, and shows cell phone carriers are eager to get a piece of the smart grid pie.
Chinese solar wafer maker LDK Solar raised its outlook for third quarter revenue from $610 million to $640 million. It also strengthened its expectations for wafer and module shipments, Reuters reports.
Hyundai Heavy Industries will build the biggest solar cell plant in Korea as part of its aim to be the world’s fifth-largest solar cell-maker by 2015, the Korea Times reports. The company will be equal partners in the venture with Compagnie de Saint-Gobain SA, Europe’s top supplier of building materials, and plans to make copper indium gallium diselenide (CIGS) thin-film solar cells. CIGS cells are high-efficiency and low cost but have been slow to catch on in the market due to the difficulty of the manufacturing process.
Google and New York investment firm Good Energies both announced they will invest heavily in a $5 billion project to build a 350-mile underwater transmission line servicing future wind farms on East Coast. The New York Times estimates the companies’ 37.5 equity stake at around $200 million. The project was proposed by Trans-Elect and could begin construction by 2013. Japanese trading company Marubeni has also taken a 15 percent stake.
Ethanol subsidies that have long bolstered the domestic ethanol market will expire at the end of this year, and foreign companies — such as sugar cane ethanol producers in Brazil — are pushing hard for the tariffs to end so they can be allowed access to the U.S. ethanol market, the New York Times reports.