So it looks like Arizona has been chosen as the location for Suntech's first U.S. manufacturing plant.

Located in Phoenix, initial production capacity will come in at 30 megawatts. Production is expected to start in Q3, 2010.

This particular plant is expected to employ 75 full-time workers.

Also in solar, industry research firm iSupply updated its forecast on the oversupply of solar panels, stating that the glut could be resolved next year. Initially iSupply forecast the oversupply to last throughout 2010.

Of course, based on strong demand in Germany, and new subsidy-driven demand in the U.S. and China, we're not surprised. It doesn't take a rocket scientist to look at the subsidies in the U.S. and China and realize that any solar glut will be short-lived.

And finally, the Spanish government announced on Friday that it plans to bring 8.8 gigawatts of renewable energy generating capacity online by 2012. 5.3 gigawatts will come from wind, and 1.5 gigawatts will come from solar.

Jeff