Tag Archives: ceo
Will Nanosolar Survive?
Earlier this year Nanosolar went through a round of layoffs. Our sources claimed 75 percent of the staff was let go with 60 days’ pay. Here’s a California WARN notice showing all 170 employees to be lost on April 15. We spoke with two sources close to the company under conditions of anonymity. There are [...]
Dear SolarWorld CEO Frank Asbeck:
Dear Mr. Asbeck, I just saw this story on Reuters that sums up how dire your situation is: Debt-laden SolarWorld said it was in “constructive” talks with creditors on a restructuring plan after delaying the date for its annual press conference. An announcement will be made when a debt plan for Germany’s largest solar group has [...]
OnForce Solar Acquires Stake in Lita Brothers General Construction
OnForce Solar has acquired a stake in Lita Brothers General Construction, a commercial and residential roofing company located in Bergenfield, New Jersey. The purchase positions the company to meet the needs of its present and future customers in New York, which is one of the fastest growing solar energy markets in the United States. “Since [...]
Saving Bankrupt Cities With Solar
Municipalities and county and local agencies all over the U.S. are beginning to discover solar can generate revenues. The City of Lancaster is putting teachers in classrooms and cops on the streets with money generated by its investment in solar. For cities facing the strains of these tough economic times, the news is even better: [...]
Energy Efficiency Financing: Where’s The Money?
Amongst the problems with energy efficiency upgrades is the little issue of money. Even though the projects will ultimately save a city, business or household money over the long haul, it’s tough to get people to invest the money upfront, if they even have it to begin with. Experts in the field often note that [...]
Solar Big Tunas Join Forces
Major players in the PV solar industry have decided to join forces and create the Global Solar Council, a CEO-level coalition with the goal of expanding the use of PV solar in a sustainable and cost-effective manner. Global Solar Council members will work with governments all over the world to help continue the growth of [...]
Global Solar Council Launches
Eight international companies including DuPont, Dow Corning, First Solar and Suntech, have formed the Global Solar Council to expand the industry in a sustainable, cost-effective way. Other founding members of the CEO-level industry coalition are: Applied Materials, Lanco Solar and Phoenix Solar. Members represent all sides of the solar PV value chain - from the supply of materials to [...]
First Solar Posts Loss; Executives Play Musical Chairs
First Solar (Nasdaq:FSLR) announced its Q1 earnings yesterday and posted its second-ever loss. As reported yesterday, the company appointed Jim Hughes as new CEO, and as reported last month, First Solar idled lines in Malaysia, closed down its German factory, and fired 30 percent of its workforce, or about 2,000 employees. The quarter’s loss was [...]
Tom Doyle of NRG: Solar Industry Rebounds in 2012
After the buzzkill that was Shyam Mehta, GTM Research Solar analyst’s market outlook, Tom Doyle, the President and CEO of NRG Solar presented at the GTM Solar Summit and provided a number of reasons to be cheerful if not downright enthusiastic about being in the solar industry in 2012. Doyle remarked that Shyam Mehta’s solar [...]