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2014-05-07  
First Solar increases full year guidance and receives orders from EDF

The Company reported first quarter GAAP net income per fully diluted share of $1.10, compared to $0.64 in the prior quarter. The increase in net income compared to the prior quarter was primarily due to higher net sales, project cost improvements, and lower restructuring and asset impairment charges. Cash and Marketable Securities at the end of the first quarter were approximately $1.4 billion, a decrease of approximately $385 million compared to the end of the fourth quarter of 2013. Cash flows used in operations were $318 million in the first quarter. The use of cash in the quarter is primarily related to ongoing construction of projects which have not yet been sold. Based on the results of the first quarter the Company is increasing full-year 2014 guidance as follows: Gross Margin percentage of 17-18%, compared to prior guidance of 16-18%. Operating Income of $290 to $340 million, compared to prior guidance of $270 to $320 million. Earnings per fully diluted share guidance of $2.40 to $2.80, compared to prior guidance of $2.20 to $2.60. Operating cash flow guidance of $300 - $500 million, compared to prior guidance of $250 - $450 million "In the first quarter we demonstrated significant progress towards achieving the financial and operational targets we outlined at our recent Analyst Day," said Jim Hughes, CEO of First Solar. "We delivered strong earnings in the first quarter and are increasing our financial guidance for the year based on these results. We have also made significant progress in new bookings and continue to execute on our technology roadmap." In addition, First Solarhas been selected as the turnkey Engineering, Procurement and Construction (EPC) contractor for two projects under development by EDF Renewable Energy in California. First Solar and EDF Renewable Energy have signed EPC agreements for the 19.76 Megawatt (MW) AC CID Solar Project, located in Kings County; and the 23MWAC Cottonwood Solar Project, consisting of two sites, one located in Kings County and the other in Kern County. The CID Solar Project has a Power Purchase Agreement (PPA) with Pacific Gas and Electric Company. The Cottonwood project has a PPA with Marin Clean Energy. Both CID Solar and Cottonwood projects will be built with First Solar's Series 3 Black Plus PV thin-film solar modules, and will provide enhanced grid reliability and stability using the company's advanced PV plant controls. Construction on the projects is expected to begin in the second quarter of 2014, with CID Solar anticipated completion in October 2014 and Cottonwood anticipated completion in the first quarter of 2015.



2014-05-06  
Offshore transformer station for Amrumbank West successfully installed

Düsseldorf, Germany - E.ON’s construction of Amrumbank West wind farm in the North Sea reached an milestone. The offshore transformer station is now in place.



2014-05-05  
What UN chief Ban said at the Abu Dhabi climate change event

Abu Dhabi - From the tropics to the poles, from small islands to large continents, and from the poorest countries to the richest, climate change impacts are already widespread, costly and consequential, Secretary-General Ban Ki-moon said, urging stakeholders gathered in Abu Dhabi to consider concrete actions to tackle the phenomenon now – before it is too late.



2014-05-05  
Gamesa wins new 144 MW supply contract in Brazil

Madrid – Gamesa continues to consolidate its presence in Brazil, where it is one of the leading wind turbine manufacturers, having just signed a new contract for the supply of 144 MW of its turbines to Eolicas do Sul, a subsidiary of the Río Bravo Investimentos y Eletrosul investment fund (in turn a subsidiary of Brazil’s national power company, Eletrobras).



2014-05-02  
Siemens receives 97-megawatt wind power order in Peru

Hamburg - Cobra Energia has awarded Siemens Energy another order to expand its onshore wind power fleet in Peru by 97 megawatts (MWs).



2014-05-02  
GT Advanced announces a series of strategic initiatives

Merrimack, USA - GT Advanced Technologies announced several new initiatives aimed at expanding its portfolio of sapphire and silicon carbide (SiC) solutions for next generation consumer and industrial products.



2014-05-02  
Canadian Solar to receive C$115.5 mn loan from canadian bank

Guelph, Canada – The solar power company Canadian Solar Inc. announced that the National Bank of Canada will provide the Company with C$115.5 million (€ 75,9 mn) , in short-term construction financing. According to Canadian Solar, the credit facility will be used to support the construction of three solar power projects in Ontario, Canada, totaling 30 MW.



2014-04-29  
Vattenfall’s first quarter 2014: Profit after tax of SEK 8.2 billion

Stockholm - Vattenfall reports profit after tax of SEK 8.2 billion and an underlying operating profit of SEK 9.1 billion for the first quarter of 2014.



2014-04-29  
Senvion and Enertrag sign contracts for 27 turbines

Hamburg / Courbevoie, France - Wind energy turbine manufacturer Senvion SE, a wholly owned subsidiary of the Suzlon Group, concluded four contracts with Enertrag for supply and installation of 27 wind turbines with a total rated output of 54.45 megawatt (MW) for four wind farms in France. Senvion will provide the full maintenance of the wind farms for 15 years.



2014-04-28  
Vestas successful in Denmark and Jordan

Aarhus, Denmark – Vestas delivers wind energy turbines for projects in Jordan and Denmark.



2014-04-28  
Gamesa signs contract for the supply of 100 MW to Greenko in India

Madrid - Gamesa has signed an agreement for the supply of 100 MW to Indian wind power developer and operator Greenko.



2014-04-25  
Sunpower increases revenues and net income

San Jose, USA - Sunpower Corp. announced financial results for its fiscal 2014 first quarter. Revenues on a GAAP-basis have been increased in comparison the 4th Quarter 2013 to $692.4 million (4th Quarter 2013: $638.1 million). Operating income has also been improved to $65.0 million (4th Quarter 2013: $22.3 million).



2014-04-24  
New report documents substantial growth in global geothermal market

Washington, D.C., USA – A new report from the Geothermal Energy Association (GEA), released at the organization’s International Geothermal Showcase in Washington, D.C., reveals the international power market is booming, with a sustained growth rate of 4% to 5%.



2014-04-24  
Siemens provides direct drive wind turbines for project in Germany

Hamburg - Siemens Energy will deliver five wind turbines for the onshore wind power plant Kniphagen in the north German region Ostholstein.



2014-04-23  
Google and Sunpower team up to finance $250 million in residential solar lease projects

Mountain View & San Jose, USA - Google Inc. and SunPower Corp. announced a new program that will provide financing to support approximately $250 million of residential solar lease projects.



2014-04-23  
Canadian Solar to supply 43MW of solar modules in Japan

Guelph, USA - Canadian Solar Inc. announced that it has been awarded a module supply agreement to provide 43MW of photovoltaic ("PV") modules to the second largest solar power plant project in Japan.



2014-04-22  
The first commercial wind farm equipped with Gamesa 4.5 MW wind turbines has been inaugurated in Finland

Madrid - Simo, the first commercial wind farm equipped with Gamesa 4.5 MW wind turbines, has been commissioned in Finland, where the company has installed four G128-4.5 MW machines for TuuliWatti.



2014-04-17  
Kenya's shift to green economy should generate USD 45 billion by 2030

Nairobi, Kenya - Kenya's transition to a green economy could produce major economic benefits - equivalent to an estimated USD 45 billion by 2030 - as well as greater food security, a cleaner environment and higher productivity of natural resources. Per capita national income would nearly double from USD 498.70 to USD 871.30. Under a business-as-usual investment scenario and a two per cent investment, GDP would only increase to USD 664.30 over the same period of time. These are the main findings a new study launched by the Government of Kenya and the UN Environment Programme.



2014-04-17  
GE and Saudi Aramco launch innovation challenge for seawater desalination

New York / USA - GE ecomagination and Aramco Entrepreneurship launched an open global technology challenge to accelerate the development of solutions focused on improving the energy efficiency of seawater desalination. The US$200,000 challenge will be awarded to four winners with a prize of US$50,000 each, and further investments towards commercialization of the best ideas among all submissions will be considered.



2014-04-17  
Company profile IBC SOLAR starts realisation of another MW plant in India

Bad Staffelstein / Germany - German Based photovoltaic specialist IBC SOLAR AG has started to construct a 5.5 MW PV plant in Bhadla, in the Indian state of Rajasthan. Bhadla marks the first megawatt plant in India that the company is realising as an EPC contractor (engineering, procurement, construction) in cooperation with its local subsidiary.



2014-04-16  
Canadian Solar and NCC complete diesel hybrid PV installation serving First Nation Community

Guelph, Canada - Canadian Solar Inc. announced the completion of the first diesel hybrid PV system in the remote microgrids in northern Ontario, Canada.



2014-04-15  
Siemens receives major order for Borwin3 North Sea grid connection from Tennet

Bayreuth / Erlangen - Siemens has received an order from TenneT for an offshore wind farm grid connection in the North Sea. Therewith Siemens receives its fifth order for an offshore grid connection although some of these orders are already behind schedule.



2014-04-14  
Yingli signs framework agreement with United PV for the acquisition of 300 MW solar PV plants

Baoding, China - Yingli announced that its wholly-owned subsidiary, Yingli Energy (China) Company Limited has entered into a framework agreement with United Photovoltaic Group Limited for the acquisition of China-based solar PV plants to be developed and constructed by Yingli Green Energy.



2014-04-11  
German utility EnBW submits application to decommission two hard coal units at Heilbronn site

Karlsruhe, Germany - The Supervisory Board of EnBW Energie Baden-Württemberg AG approved the proposed resolution of the EnBW Board of Management to decommission the Heilbronn 5 and 6 hard coal units at the next possible statutory date.



2014-04-11  
Czech utility cancels procurement procedure for construction of Temelin nuclear power plant

Praha - Czech utility CEZ cancelled the procurement procedure in accordance with Public Procurement Act for construction of two nuclear units in the location of Temelin nuclear power plant and subsequently sent a relevant notice on cancellation of procurement procedure for public contract to participants.

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