Shunfeng Acquires Suntech to Become Top Solar Supplier
Shunfeng Photovoltaic International Ltd. has acquired Wuxi Suntech Power for $480 million to rejoin the ranks of the largest solar manufacturers. Suntech has an annual capacity of around 3.5 gigawatts, and adding Shunfeng’s operations will increase that to 3 gigawatts by the end of the year. Suntech was severely affected by the global solar slump that dragged down prices, forcing the company to miss $541 million in U.S. bonds last year as well as dragging its Wuxi manufacturing unit into bankruptcy. Shunfeng is seeking to become a renewable energy powerhouse by becoming the world’s largest integrated clean-energy supplier.
Solar Wind Secures Approval for $1.5 Billion Arizona Power Tower
Solar Wind Energy Tower Inc. secured approval from San Luis City in Arizona to develop a $1.5 billion project that will use ambient desert heat to create a draft to generate electricity, in a massive concrete structure that would be the tallest in North America. The 2,250-feet project would be able to generate around about 435 megawatt hours annually. The project would use technology created by Solar Wind to which water would be injected near the top of the tower to cause the air to cool and gain density. The draft created would then exceed 50 miles per hour and will be forced through turbines at the base to generate electricity.
JinkoSolar to Supply 21 MW of Panels for China Rooftops
JinkoSolar Holdigns Co., the best-performing Chinese solar-panel producer in the past year, agreed to provide about 21 megawatts of panels to China Power Grid Co. for rooftop installations in the Chinese province of Guangdong. Delivery is expected to begin by next month says JinkoSolar. Nan Xin Solar, a China Southern Power Grid unit, will own the distributed-generation systems. JinkoSolar’s American depositary receipts have almost quadrupled over the past 12 months, the most on the 17-member Bloomberg Global large Solar Index after Ontario-based Canadian Solar Inc.
Wind Turbines Can Trigger Lightning Via Movement of its Blades
According to new research from the Universitat Politecnica de Catalunya, wind turbines can generate lightning if given the right conditions. The relatively fast movement of the turbine blade tips directly triggers electrical discharges, according to the study. The scientists think that their new discovery will be useful in the creation of protocols to limit the damage caused by such phenomena. Millions worth of damage are caused to wind turbines every year by lightning- primarily to the blades which are typically made of materials that are sensitive to the effects of electric discharges, says the researchers.