Canadian Solar Inc. (CSIQ), the third-best performing solar panel maker in the past year, and the investment arm of China’s Sichuan province will create a 5 billion yuan ($810 million) fund to build solar projects. Sichuan Development Holding Co., Canadian Solar and third party investors will raise the funding, Guelph, Ontario-based Canadian Solar said today in a statement.
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Construction has begun on a $1 billion solar power generating station in the Mojave Desert that officials say will produce enough electricity to power about 80,000 California homes when it is completed in 2016. Executives with Arizona-based First Solar and Florida-based NextEra Energy Resources put the cost of the 250-megawatt project, dubbed Silver State South, at $1 billion during a Wednesday ceremony with federal Bureau of Land Management chief Neil Kornze.
The United States’ solar market hit a major milestone in the second quarter of this year, with more than half a million homes and businesses now generating solar energy. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2014 U.S. Solar Market Insight Report, the U.S. installed 1,133 megawatts (MW) of solar photovoltaics (PV) in the second quarter of this year.
On October 20 and 21, Solar Power International, the solar industry’s most powerful, comprehensive educational conference and product exhibition, will offer its first-ever dedicated symposium on the solar heating and cooling (SHC) sector.
REG-Scatec Solar and Norfund Sign Partnership Agreement to Develop and Invest in Solar Power Projects in Developing Countries
Scatec Solar, the integrated independent solar power producer, has signed a partnership agreement with Norfund, the Norwegian Investment Fund for Developing Countries, to jointly invest in solar power projects to be developed in all countries within Norfund's mandate.
A goal of mine in writing for Forbes.com on energy issues is to point out intriguing business models, trends, and new concepts that may change the way we think about energy-related issues. Lately, I’ve been focused on dramatic changes in solar models and economics. Things have really changed in a very short timeframe, as the following story illustrates.
David Crane, CEO and president, NRG Energy (NRG)
“With the cost of solar panels now just 10 percent of what they were five years ago, how do we streamline the local approval process and reduce the friction costs so that U.S. homeowners can realize the solar value of their property while paying less for their electricity?”
Utility power plants are many things—sprawling, expensive, often polluting—but one thing they are not is beautiful. Power plants are the engines of modern society, but we’d rather they stay out of the way.
GTM Research and the Solar Energy Industries Association released numbers this morning suggesting that the solar juggernaut is not slowing down. Consider this: in the first three months of the year, the U.S. installed 723 MW, just under half of all new generation capacity installed across the country, and the best first quarter yet for solar.
With Southern California’s largest electric generating station broken and scheduled for removal, solar generation levels have reached a record level in California, state officials said Sunday.