Energy Conversion in Solar Deal with GM

Energy Conversion Devices Inc. will supply solar cell laminates to General Motors Corp. for the world’s largest rooftop power generation system. Financial terms of the deal were not disclosed. The company’s UNI-Solar thin-film flexible solar laminates will be installed this fall at a 2 million-square foot car plant in Figueruelas, Zaragoza, Spain. The rooftop system will have about 85,000... 

German Tariff Decision Boosts Solar

Shares of solar power companies rose after German lawmakers reached a tentative agreement on a smaller reduction in state subsidies to solar companies than some investors feared. Lawmakers agreed to cut the nation’s so-called feed-in tariff by 8 percent in 2009 and 2010, and 9 percent for each subsequent year. The law requires utilities to buy electricity from solar sources at fixed, above-market... 

Tag: latest on solar subsidy decesion by german parlament

Prospects for Solar Credits Boost Shares

Nothing but blue skies for shares of many solar products makers, as a Citi Investment Research analyst said prospects look good for continuation of government solar tax credits. Analyst Timothy M. Arcuri said in a client note that his “contacts indicate the House Ways and Means Committee is likely to propose a new bill that will extend most of the credits for at least several years — longer...