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.
The City of Raleigh, which has long been an innovator in terms of energy leadership, is touting the opening of a brand new solar power facility located on city government property. In addition to LED lighting, electric car chargers, and solar powered lights, the city can now boast of a large solar power facility.
With the price of solar panels falling more than 50 percent last year, what is the impact on the U.S. solar industry as it battles to compete with China?
When it comes to solar power, more and more Americans are seeing the light.
The U.S. solar industry installed a record number of panels in 2011, more than double 2010, and is likely to see strong growth again this year, according to a new report.
Last year seemed like a dark one for the solar industry: stiff competition from China drove American manufacturers to layoffs and even bankruptcy, while the low price of natural gas and the loss of a critical government subsidy weakened incentives for new solar developments. And then there was the long shadow of Solyndra, whose bankruptcy after receiving federal loans cast a pall over other green-energy endeavors.