AllThingsD » Solarworld http://allthingsd.com Sat, 11 Feb 2012 15:49:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Germany's SolarWorld Wants to Buy…a Car Company? http://allthingsd.com/20081119/germanys-solarworld-wants-to-buy%e2%80%a6a-car-company/ http://allthingsd.com/20081119/germanys-solarworld-wants-to-buy%e2%80%a6a-car-company/#comments Wed, 19 Nov 2008 20:34:13 +0000 Eric Savitz http://voices.allthingsd.com/?p=6147 OK, so here is the weirdest story of the day. SolarWorld, one of the largest solar companies in Germany, today declared that they want to buy several sites in Germany that now belong to the Opel division of General Motors (GM). In short, they want to expand from solar modules into the auto business.

As noted in an AP story picked up by the Wall Street Journal, SolarWorld said it intends to offer one billion Euros, including 250 million in cash and 750 million in credit lines, for four German production facilities and Opel’s development center and headquarters in Ruesselsheim.

The goal: to create Europe’s first true “green” auto company, with a focus on building electric and hybrid cars.

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]]> http://allthingsd.com/20081119/germanys-solarworld-wants-to-buy%e2%80%a6a-car-company/feed/ 0 Solar Module Prices to Drop 20 Percent in '09, UBS Says http://allthingsd.com/20080811/solar-module-prices-to-drop-20-percent-in-09-ubs-says/ http://allthingsd.com/20080811/solar-module-prices-to-drop-20-percent-in-09-ubs-says/#comments Mon, 11 Aug 2008 20:16:28 +0000 Eric Savitz http://voices.allthingsd.com/?p=2464 Sunshine is free. Solar modules are not. But they are getting cheaper: UBS analyst Stephen Chin today revised his forecast for solar module pricing to down 20 percent from a previous estimate of down 14 percent. Chin says the recent move by the government in Spain to cap its solar subsidy program will move solar module volumes to other markets, including Germany and Japan, where lower pricing is required to generate favorable returns for solar system buyers. The revised Spanish solar subsidy program will cut installations in Spain to 300MW next year, from an estimated 1.2GW this year.

Chin today cut EPS estimates by about 10 percent for 13 global solar companies, including SunPower (SPWR), Evergreen Solar (ESLR), LDK (LDK), Suntech (STP), Yingli (YGE), Q-Cells, Solarworld, REC, Conergy, Solon, Motech, E-Ton and Sino-American Silicon. He also cut his rating on SunPower to Neutral from Buy, while increasing his rating on Energy Conversion Devices (ENER) to Buy from Neutral.

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