Hoku Scientific, Inc. (NASDAQ: HOKU), a diversified provider of clean energy products and technologies including polysilicon for the solar industry, and Solarfun Power Hong Kong Limited, a subsidiary of Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), an established manufacturer of both photovoltaic (PV) cells and modules in China, today announced the amendment of their polysilicon supply contract to allow Solarfun until February 15, 2008 to process the required statutory approval for the issuance of a $44 million standby letter of credit. Read the rest of this entry »

Canadian Solar Inc. (“the Company” or “CSI”) (NASDAQ: CSIQ) today announces that it has signed an annual sales and distribution contract with pro solar Solarstrom GmbH in Germany. Under the terms of this contract, CSI will supply to pro solar Solarstrom its high-quality photovoltaic solar modules, in particular the newly certified model CS6P-210, which yields 210-240 W electrical output from a single module. The contract is expected to have an estimated annual value of approximately $30 million to $40 million in 2007. Read the rest of this entry »

O2Diesel Corporation (AMEX: OTD) today announced that the Karnataka Road Transport Corporation (KSRTC) of the State of Karnataka in India has recently announced that it is switching the first 2,500 buses of its 5,162 bus fleet to O2Dieselâ„¢, an ethanol blended diesel fuel comprised of 7.7% of renewable ethanol and 0.5% of the O2Diesel’s proprietary fuel additive technology based on a successful trial of the fuel. The cleaner burning fuel is marketed in India by the company’s exclusive distributor for the region, Energenics, as “Enerdiesel powered by O2Diesel.” Read the rest of this entry »