Enphase Energy will become the first solar company to go public on the U.S. market since the fall of 2010, when its stock begins trading on the Nasdaq on Friday under the symbol ENPH.
Stuart Bernstein, the head of the clean energy group at Goldman Sachs, showed up at Cleantech Forum in San Francisco to talk about the IPO market, and his message to startups and investors was: hang in there.
The kind of flat solar mirrors that BrightSource Energy is erecting in California’s Mojave Desert run 7.2 meters by 10.5 meters. The kind that Saul Griffith is working on stretches all 5 centimeter by 5 centimeter and sit on trackers that are no taller than a toothpick.
Solar Frontier, the largest manufacturer of copper-indium-gallium-selenide (CIGS) solar panels, announced Wednesday that it’s shipped 13.2MW to NRG Solar (s NRG), which is evolving from being a buyer of solar power projects to a developer.
The failure rate of developers to fulfill their renewable energy contract in California has historically been around 30-40 percent, but that failure rate is expected to come down now that utilities are seeing better prepared and managed projects — and more developers who are in the game.
Cleantech venture capital and corporate investing for the full 2011 year was up in terms of overall dollar amounts compared to 2010, according to the research firm The Cleantech Group, but large follow-on rounds for matured companies continued to dominate the year.
Solar tech companies have suffered in 2011, and a speedy recovery in 2012 doesn’t seem likely. But the market holds huge potential for growth, and this dark time shall pass. Here is our look at solar trends to watch for in 2012.
Clean power giant NRG Energy has mostly been building a solar empire based on large centralized solar farms, but it’s keenly interested in the distributed solar market. That explains the company’s announcement that it has bought a project developer Solar Power Partners.
It was roughly a year ago when the California Energy Commission approved nine solar farms all within a few months in order to make sure those projects could qualify for a federal program that subsidizes 30 percent of their costs. Where are they now?
BrightSource Energy is still building its first solar farm, but the company already is steaming ahead with the third, 810 MW project called Rio Mesa, for which the company said Friday it has applied for approval from the California Energy Commission.