Suntech Power (STP), the large China solar company has plans to triple its US business in 2009 in a joint venture with MMA Renewable Ventures forming Gemini Solar Development LLC and plans to target projects greater than 10MW. Suntech has also acquired EI Solutions, a Cali commercial system integration company that will target government, utilities and large commercials customers AND has expanded its US dealer network to increase penetration into residential and smaller commercial projects. … Read the rest
All posts by Tate Dwinnell
Hoku Solar (HOKU) To Install Solar Power System On Xcel Building (XEL)
Xcel Energy has selected Hoku Solar to install a photovoltaic (PV) solar power system on Xcel’s headquarters in Oahu, Hawaii. Once the installation is completed, the 34 kilowatt PV system will generate 53,500 KW hours of energy each year. Over its lifetime, the system is expected to offset more than 885 tons of CO2 emissions.
Ed D’Ascoli, founder and president of Xcel, commented on the project and the choice of Hoku Solar, saying
… Read the rest"Xcel is
GE Energy (GE) Catching A Breeze With Launch Of 2.5xl Wind Turbine In Europe
GE Energy announced that it has already received more than 1 GW worth of commitments to purchase its 2.5xl wind turbine over the next 18 months-enough to power 1 million households. The 2.5xl turbine is GE’s most advanced turbine model to date, and is more efficient, reliable and has a better capacity to connect to the grid than previous turbines. GE has invested $100 million to launch this turbine, and will also expand its … Read the rest
Renewable Energy Tax Credits Get Another Life In Bailout Bill
Last night, the Senate included the tax credits for renewable energies to the bailout bill, which is expected to be voted on by the Senate tonight and should pass easily. The key is the House vote later on the week. It’s a bold move to include the renewable energy tax credits to a bill that is already standing on shaky legs but this most likely allows the tax credit extension to sneak on through … Read the rest
Xcel Energy (XEL) To Set Up Midwest’s Largest Biomass Plant In Wisconsin
Xcel Energy announced that it is setting up a new biomass-fueled power plant in Ashland, Wisconsin. Rather than build from scratch, the company will convert an existing in plant in that location to run completely off of biomass. Once the project is complete, the plant will be the largest of its type in the Midwest, using wood waste to produce enough electricity to power 40,000 homes. Xcel is planning to spend $55 million to $70 … Read the rest
Capstone Turbine Co (NASDAQ:CPST) Receives Order For Three C1000 Microturbine Systems From Aquatec-Maxcon
Capstone Turbine Company reported that it has received a follow-on order worth $4.7 million for 3 C1000 Microturbine systems from Aquatec-Maxcon. The turbines will be used by an Australian coal producer to power a water purification plant. The plant will use a reverse osmosis system to clean water polluted by coal production, leaving a finished product that’s safe to drink and can be sold to neighboring towns and villages. The C1000 system is Capstone’s latest … Read the rest
Suntech (STP) Will Power Largest Building Mounted PV Project in Arizona
Suntech (STP) has announced that it will provide 1.6 MW of solar panels to Sun Devil Solar LLC, a subsidiary of Integrys Energy Services for its project with Arizona State University. ASU will install the modules on top of two parking structures in the middle of campus and is to be completed by the end of this year. It’s expected to produce enough electricity to power 3680 computers each year (the equivalent of 260 … Read the rest
Rejection Of Bailout Bill May Offer Hope For Alternative Energy ITC Credits Extension
The House’s refusal to pass the bailout bill may be a blessing in disguise for the renewable energy industry, says the New York Times. The tax credits are still set to expire this year, as the House and Senate can’t agree on some of the provisions attached to the bills introduced to extend them. The House was planning to adjourn and not come back until after the inauguration, but since they couldn’t pass a … Read the rest
Sunpower Ticker Symbol Change to SPWRA from SPWR
The ticker symbol for Sunpower’s Class A shares will change from SPWR to SPWRA today. Class B shares of the stock will trade as SPWRB with the changes coming as a result of the recent spinoff from Cypress Semiconductor (CY), which was a majority shareholder of Class B common stock.… Read the rest
Florida Power & Light Company (FPL) Stops Work On Wichita Falls Wind Farm
Florida Power and Light Company announced it will cancel a 35,000 acre, 210 MW wind power project in Wilbarger County, TX, near Wichita Falls. The project was canceled due to the issues the country has been facing in financial markets as of late, as well as area limitations on the ability to transmit power once it’s generated.
According to Steve Stangel, an FPL spokesman, the company may pick the project back up in the future:… Read the rest