ABB to Acquire Power-One to Become a Global Leader in Solar Photovoltaic (PV) Inverters

  • The boards of ABB and Power-One have agreed to a transaction in which ABB will acquire Power-One at $6.35 per share or approximately $1 billion equity value, which includes Power-One's net cash of $266 million
  • Combination creates global leader in the most attractive and "intelligent" part of the PV value chain
  • Deal gives Power-One access to ABB's substantial R&D, global service and sales capabilities and complements ABB's growing inverter business and leadership in power electronics
  • Right time: Solar PV industry is set for 10 percent-plus annual growth as PV-generated power rapidly approaches grid parity in many countries and will change the energy mix in the long term
  • Management continuity ensured
  • Integration with proven approach into the Discrete Automation and Motion division
  • Transaction expected to close in 2H 2013, subject to shareholder and regulatory approvals

ABB (ABB), the leading power and automation technology group, and Power-One, Inc. (PWER), a leading provider of renewable energy and of energy-efficient power conversion and power management solutions, today announced that their boards of directors have agreed to a transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1,028 million equity value.

Read more: Power-One Inc ( PWER )

JA Solar Modules Receive UL Certification for Use in 1000 Vdc Installations

JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that the Company's entire range of modules has received UL 1703 certification for use on 1000 Vdc systems in the United States and Canada from Underwriters Laboratories ("UL"), a global independent safety science company. The modules were tested in Intertek laboratories and also received ETL certification, demonstrating their compliance with the requirements of widely accepted product safety standards.

Read more: JA Solar Holdings Co Ltd ( JASO )

Daystar Technologies, Inc. Completes First Solar Park Acquisition in Hawaii From Avatar Solar

DayStar Technologies, Inc. (DSTI) announces completion of its first acquisition from Avatar Solar of a Hawaiian solar park. The Company's agreement with Avatar is to acquire all its operational solar parks throughout the State of Hawaii. DayStar paid cash and common shares issued at $2.00 for this solar park.

Lorne Roseborough, DayStar's President, stated, "This is the first completed transaction in DayStar's strategy to acquire fully operational projects. We are looking at geographical regions where we plan to expand services to build and operate projects as a solar power provider, very similar to companies like SolarCity. The big difference is that DayStar is actively looking to own and operate projects long-term, and has plans to change how renewable energy is provided long-term with our investment in Premier Global.

Read more: DayStar Technologies Inc ( DSTI )

Real Goods Solar Selected by Leading Production Homebuilder to Bring Solar to New Communities

Real Goods Solar, Inc. (RSOL), a nationwide leader of turnkey solar energy solutions, has been selected by a leading production homebuilder to deploy solar in certain of its new communities, beginning in California and with an eye towards broader deployment to other solar friendly states.

Home buyers in participating solar communities will enjoy the benefits of a solar system as a standard feature of their new home. Real Goods Solar will design, engineer, service and manage the installation of these residential solar systems. The systems will be designed to offset a good portion of the electrical needs of the home.

Read more: Real Goods Solar Inc ( RSOL )

Canadian Solar Project Named POWER-GEN International 2012 Solar Project of the Year

Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ) today announced that its submission of the 148 MW solar park PV project in southern Brandenburg, Germany was named the 2012 winner of the Solar Project of the Year Award by POWER-GEN International.

The solar complex in southern Brandenburg, one of the world's largest PV projects covering 352 hectares (870 acres), was constructed on a former lignite mining strip in the East German community of Meuro, near Senftenberg. Canadian Solar provided 636,000 CS6P-P modules, powering nearly 90 percent, 148 MW, of the project's 166 MW total output.  

By utilizing a former surface mine for the installation, the PV solar project converted a brownfield into an energy-producing solar farm, creating hundreds of local construction and operations jobs and generating enough clean, renewable solar energy to power 67,500 households in the region.

Read more: Canadian Solar Inc ( CSIQ )