Today, NRG Energy, Inc. (NYSE: NRG), MidAmerican Solar and First Solar, Inc. (Nasdaq: FSLR) announced that the 290-megawatt AC Agua Caliente solar project, currently under construction in Yuma County, Ariz., is more than two-thirds complete and delivering more than 200 megawatts to the electric grid. The Agua Caliente project is the world's largest operating photovoltaic power plant.
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“Renewable energy has come of age.”
That’s how Maria van der Hoeven, executive director of the International Energy Agency, explained to reporters last week why, for the first time in its history, the oil-focused IEA would be producing medium-term market reports on sources like solar, wind, biomass and other forms of non-hydrocarbon-based sources of power.
Despite the Legislature's suspicion toward the solar industry, photovoltaic technology can power a new statewide economic expansion.
There are no electric poles on the tiny island village of Baleswar in Assam's Nalbari district of Assam. Even then, you can see people using fans and lights, charging their cell phones and even operating computers! All thanks to solar power.
Renewable energy in the commonwealth has skyrocketed since 2007. And in 2011, the American Council for an Energy-Efficient Economy declared Massachusetts the most energy-efficient state in the country. California had held the honor since 2006.