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SolarWorld AG: Antrag auf Summary Judgment erstinstanzlich stattgegeben

Im Rechtsstreit zwischen dem Siliziumlieferanten Hemlock Semiconductor Corp. und der SolarWorld Industries Sachsen GmbH, einer Tochtergesellschaft der SolarWorld AG, hat der United States District Court for the Eastern District of ...

Top-Thema | Donnerstag, 14 Juli 2016 | Kommentare

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Photovoltaik: Preise von Solaranlagen sinken 2014 um 11,59 Prozent

Triefenstein, 03. Januar 2015 – Der durchschnittliche Preis für eine schlüsselfertige Photovoltaikanlage betrug im vergangenen Jahr 1.335 Euro netto je installiertem Kilowattpeak (kWp). Das entspricht einer Preissenkung von rund 11,59 ...

Top-Thema | Samstag, 3 Januar 2015 | Kommentare

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Sicherheitsrisiko: aleo solar warnt vor mangelhaften Anschlussdosen bei Solarmodulen

  Oldenburg, 08. Oktober 2014 - Wichtige Sicherheitswarnung! Der Solarmodulhersteller aleo solar AG i.L. (in Liquidation) warnt vor mangelhaften Anschlussdosen an bestimmten Solarstrommodulen: Bei abgebrochenen Steckverbindungen oder abgefallenen Dosendeckeln liegen elektrische ...

Top-Thema | Mittwoch, 8 Oktober 2014 | Kommentare

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Österreich: Preise von Solarstromanlagen gegenüber dem Vorjahr um 22 Prozent gesunken

Triefenstein, 02. April 2014 – Das Unternehmen PhotovoltaikZentrum – Michael Ziegler hat in Kooperation mit dem Beratungsunternehmen Dachgold e.U, bereits zum zweiten Mal die durchschnittlichen Preise von Photovoltaikanlagen in Österreich ...

Marktentwicklung | Mittwoch, 2 April 2014 | Kommentare

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Gehaltsstudie: Gehälter und Löhne der Solarbranche erstmalig veröffentlicht

Triefenstein, 17.10.2013 - Das Marktforschungsunternehmen PhotovoltaikZentrum - Michael Ziegler veröffentlicht erstmals die Daten der jährlich erscheinenden Gehaltsstudie "Das verdient die Solarbranche wirklich". Bisher konnte die Studie ausschließlich kostenpflichtig erworben werden ...

Marktentwicklung | Donnerstag, 17 Oktober 2013 | Kommentare

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Photovoltaik aktuell - Die TOP-Headlines der Woche!

-- Marktbelebung: Defibrilator-Hersteller entdecken Solarunternehmen als neue Zielgruppe -- -- Langeweile: Wechselrichter sucht neuen Wirkungsgrad -- -- Vermarktungszwang: BDEW wegen unheilbarer Neurose in Psychiatrie eingeliefert -- -- Hoch, runter, links rechts, ja was ...

Top-Thema | Montag, 30 September 2013 | Kommentare

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Photovoltaikstudie: Gehälter leicht gestiegen, Stimmung bei Arbeitnehmern auf dem Tiefpunkt

Triefenstein, 04. Juni 2013 – Die Gehälter in der Photovoltaikbranche sind gegenüber dem Vorjahr nur um 1,63% gestiegen. Die Beschäftigten sind im Vergleich zum Vorjahr unzufriedener mit ihrem Gehalt und ...

Marktentwicklung | Dienstag, 4 Juni 2013 | Kommentare

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Gehälter in der Solarbranche: Wie erfolgsversprechend sind variable Entgeltbestandteile überhaupt?

Triefenstein, 21. Mai 2013, Wie aus den aktuellen Daten der Gehaltsstudie des Unternehmens PhotovoltaikZentrum - Michael Ziegler hervorgeht, gehen immer mehr Solarunternehmen über auf variable Entgeltbestandteile. Machte das Grundgehalt eines ...

Marktentwicklung | Dienstag, 21 Mai 2013 | Kommentare

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Neue Photovoltaikstudie: Die bekanntesten Wechselrichterhersteller Deutschlands

Triefenstein, 02. Mai 2013, Die populärsten Wechselrichterhersteller in Deutschland sind laut einer aktuellen Studie des Marktforschers PhotovoltaikZentrum – Michael Ziegler die SMA Solar Technology AG, die Fronius International GmbH und ...

Marktentwicklung | Donnerstag, 2 Mai 2013 | Kommentare

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Wartung und Service bei Photovoltaikanlagen: Vertrauen ist gut, Kontrolle ist besser

Berlin/Triefenstein, 05. April 2013, Der Online-Marktplatz Milk the Sun und das Marktforschungsunternehmen PhotovoltaikZentrum - Michael Ziegler stellen erste Ergebnisse ihrer Marktstudie zum Thema Wartung, Instandhaltung, Pflege und Betrieb einer Photovoltaik-Anlage, ...

Marktentwicklung | Freitag, 5 April 2013 | Kommentare

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AMG affiliate Timminco Limited pursuing opportunities to expand silicon metal production

photovoltaik-guide.de / Michael Ziegler |Freitag, 19. Februar 2010

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Amsterdam, 16. February 2010 - AMG Advanced Metallurgical Group N.V.'s ("AMG," EURONEXT AMSTERDAM: "AMG") 42.5% owned affiliate, Timminco Limited ("Timminco"; TSX: TIM) announced today that it is pursuing opportunities to expand its silicon metal capacity, through a potential new silicon metal production facility in Iceland based on geothermal power. To this end, Timminco and Orkuveita Reykjavíkur, an Icelandic power company, have agreed in principle on the terms of a long-term power supply contract for such a facility.

Timminco has also secured convertible debt financing from Stokkur Energy ehf ("Strokkur"), an Icelandic private equity firm, to fund preliminary expenses associated with this project. "The production of silicon metal for the chemical and aluminum industries is the core of Timminco's business," said Dr. Heinz C. Schimmelbusch, Chairman of the Board and CEO of Timminco. "Our Becancour silicon metal facility is now operating at full capacity. As the markets for our silicon metal products continue to grow, we are developing opportunities to expand the capacity, both for our traditional customers as well as for our solar grade silicon product line once the solar photovoltaic market strengthens. The Timminco management team has the technical expertise to pursue these opportunities, as well as experience with silicon-related project development in Iceland."

Orkuveita Reykjavíkur, also known as Reykjavik Energy, has agreed in principle on the key terms for a proposed agreement to supply up to 85 MW of electrical power from a proposed new geothermal power plant to be built in Hverahlid, Iceland, which is expected to become operational in the latter half of 2013. The power would be supplied for a minimum 20-year term, priced in U.S. dollars at internationally competitive rates, to a greenfield silicon metal plant expected to be built in Olfus Municipality, about 50 km from Reykjavik. This new silicon metal facility, which is expected to have a nominal annual production capacity of up to approximately 50,000 mt of silicon metal when fully operational, would be based on the silicon metal processing technology and leverage the know-how of Timminco's wholly-owned subsidiary, Bécancour Silicon Inc.

The parties have targeted to complete their negotiations on definitive power contract by a deadline of April 15, 2010. "We are looking forward to developing our relationship with Timminco and the Olfus Municipality and thereby diversifying our energy clientele. Utilizing Iceland's eco-friendly geothermal resources plays a vital part in this country's economy," said Hjörleifur B. Kvaran, CEO of Orkuveita Reykjavíkur. "I am optimistic that this move towards supplying renewable energy to silicon metal and solar grade silicon production will strengthen Iceland as the home of pure energy."

In pursuing this project, Timminco has also partnered with Strokkur, which is focused on investments in power intensive industries. Strokkur has agreed to provide initial financing for certain activities to be undertaken during the preliminary phase of this project in parallel with negotiations on the power contract. This financing will be in the form of a convertible bond in the principal amount of $1 million (the "Bond"). The proceeds will be used to fund preliminary engineering work to be performed by an international engineering consulting firm engaged to conduct a conceptual study, which is expected to be completed by mid-April.

In the event of a positive outcome from such study, and subject to successful negotiations on the power contract and preliminary commitments from one or more silicon metal customers, a full feasibility study for the project would be commissioned, with an expected completion in the latter half of this year. This feasibility study would assist in securing long-term off-take agreements with customers and external financing for the construction of the proposed new facility, which are two of the key conditions for proceeding with the project.

The Bond will be a direct obligation of Thorsil ehf ("Thorsil"), a special purpose vehicle in Iceland that is currently owned by Timminco and Strokkur. The Bond will have a maturity date of May 1, 2010, subject to extension if the deadline for signing the power contract is extended. The Bond will bear interest at 12% per annum, payable on maturity. The outstanding principal and interest will be reduced by 10% if the power contract is not signed by the agreed deadline and, in such event, the maturity date would be extended to June 19, 2010.

The Bond will be convertible, at Strokkur's option, into Thorsil common shares at a nominal value, or into Timminco common shares at a conversion price that is the lesser of C$1.09 per share and the 5-day weighted average trading price per share on the Toronto Stock Exchange ("TSX") on the date of notice of conversion, with the US dollar amount converted into Canadian dollars at a fixed exchange rate of $0.95. Any notice of conversion shall be given within 5 days after the power contract has been signed or the agreed deadline has passed. The net proceeds of the Bond financing will be used exclusively for agreed project expenses. Completion of the Bond financing is expected to occur on February 19, 2010, subject to certain conditions, including approval of the TSX.

Source: AMG

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