DuPont's quarterly revenue missed Wall Street expectations as its customers bought fewer solar-panel materials; expects slow solar sales in Q1'12, but a 10% increase in sales for the year.
Renewable energy training provider Infinite Solar is launching internet solar training programs that expand on its traditional curriculum.
New Jersey is fast becoming a green haven for a number of California-grown solar companies; SPI Solar and Premier Power, along with SolarCity and SunRun have made huge inroads in NJ.
ESA Renewables completed and sold a 500kW rooftop array in North Carolina; the 2,016 Canadian Solar panel system was purchased by Holocene who will sell the electricity to Progress Energy.
New Energy World
Santa Monica-based American Solar Direct announced it is now serving residential customers in Northern California through the opening of a new regional office in the Bay Area city of Santa Clara.
California-based Baker Electric is now offering residential customers zero-down leasing options through SunPower; Baker is a SunPower Elite Dealer in Escondido, CA.
Michigan-based Energy Conversion Devices filed for Chapter 11 bankruptcy and intends to sell its assets, including its main subsidiary Uni-Solar; expects asset sale to be completed in 90 days.
Detroit Free Press
CPV cell developer Solar Junction closed $19.2M in Series D round funding; investment will allow the company to scale up its cell manufacturing, which is said to achieve a record efficiency of 43.5%.
SunPower is suing SolarCity and five former employees for allegedly stealing confidential sales information and taking it to SolarCity when they joined the firm.
Yingli agreed to purchase $100M of PV metalization pastes and protective backsheet films from DuPont; DuPont expects its solar market sales reach $2B by 2014.
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