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Top energy cost news stories... |
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First Solar Signs Contract with PG&E for 300 MW Photovoltaic Solar Power Project |
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TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) today announced a power purchase agreement to supply Pacific Gas and Electric Company with renewable electricity from a 300 megawatt (AC) utility-scale photovoltaic solar power facility that First Solar is developing in Southern California.
The Desert Sunlight project, to be located near Desert Center in eastern Riverside County, Calif., will have a total capacity of 550 megawatts, enough to power approximately 160,000 area homes – or about 480,000 residents. The other 250 MW portion of the project is already under contract to Southern California Edison. First Solar’s power purchase agreements with PG&E and SCE are subject to the approval of the California Public Utilities Commission.
First Solar will build the Desert Sunlight project using its industry leading thin-film photovoltaic solar modules and providing its project development, engineering, procurement and construction capabilities. With construction expected to start by the end of 2010 and completion as early as 2013, the project will displace 300,000 metric tons of CO2 per year, the equivalent of taking 60,000 cars off the road. It will also create approximately 430 construction jobs. The project’s permit application has been fast tracked by the Bureau of Land Management.
“First Solar is one of the few companies that has all the capabilities required to realize very large, utility-scale solar projects like Desert Sunlight, which are important in helping our customers and California reach the state’s renewable energy goals,” said Rob Gillette, First Solar chief executive officer.
First Solar has 1,700 megawatts of utility-scale power projects with power purchase agreements in North America.
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Satcon to Supply 18 Megawatts of PowerGate® Plus PV Inverters Across 40 Power Plants Under Ontario Feed-In Tariff Program |
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BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale power solutions for the renewable energy market, today announced that it will deliver 78 of its industry leading PowerGate® Plus solar PV inverters to OZZ Solar Inc. The power conversion solutions will be deployed on commercial rooftop projects across the province of Ontario, and will be fully compliant under the Ontario Feed-In Tariff (FIT) program launched in 2009. |
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AEG Power Solutions Acquires a Majority Stake in skytron energy |
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ZWANENBURG, the Netherlands--(BUSINESS WIRE)--Regulatory News:
AEG Power Solutions, a global player in industrial power electronics, strengthens its position as a solutions provider for megawatt utility-scale photovoltaic (PV) power plants with the purchase of a majority stake in skytron energy. Founded in 1996, Berlin-based skytron provides leading-edge metering, monitoring and supervision solutions to companies in engineering, procurement and construction (EPCs), as well as to independent power producers (IPPs). The technological leader in its field, skytron has been the recipient of a number of prestigious awards, including the highly coveted Intersolar Award. The amount of the transaction, which was paid in cash, is not being disclosed.
Commenting on the acquisition, Bruce Brock, Chief Executive Officer of AEG Power Solutions, said: “Combining skytron’s monitoring and supervision products with our power electronics and experienced global services network will allow us to offer PV power plant operators highly reliable technology and expertise for the integration, implementation, and operation of rugged solutions for greater system availability and higher energy yields.”
“This is the partnership we were looking for,” commented Martin Sauter, Chief Executive Officer of skytron energy. “We needed a strong industrial partner to support our growth and give us access to the global market. The alliance will enhance our access to funds to improve our leading-edge technology while allowing us to provide our customers with strong service in all the emerging PV markets.”
Skytron will be a strategic business area within AEG Power Solutions, and continue to act as an independent monitoring solutions provider. AEG PS will invest in skytron’s technology to deliver leading-edge solutions for current markets and customers, as well as address AEG PS’s many industrial vertical markets and the powering of the Smart Grid.
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AWSL's Atlantic Solar Inc. Receives Letters of Intent From Green Energy Funds to Negotiate Major Financing Agreements |
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TORONTO--(Marketwire - March 8, 2010) - Atlantic Wind and Solar Inc. (PINKSHEETS: AWSL) is pleased to report that negotiations with several Green Energy funding companies are advancing toward finalizing a financing that would fund AWSL's current activities, including numerous JV Ontario rooftop solar projects, production ramp up of the Company's outstanding Inverters/Converters, continued aggressive marketing across Ontario, and potential entry into new markets where the Company's systems would enjoy similar competitive advantages as those being realized here in Ontario.
Satisfactory Financing Agreement Anticipated |
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Enovos Luxembourg SA and Avelar Energy Ltd. to Form Joint Venture in Photovoltaics |
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LUXEMBOURG, March 8, 2010 /PRNewswire/ -- On 3 March 2010, Enovos Luxembourg SA and Avelar Energy Ltd. (based in Zurich), signed a contract to form a joint venture under the name 'Aveleos S.A.'. The objective of this new company, which is headquartered in Luxembourg, is to develop, operate and bring to the market photovoltaic plants in Italy and France with a total capacity of up to 95 MW.
Enovos Luxembourg SA is a 59% shareholder in the new company with an investment of EUR 36 million. Avelar is investing EUR 25 million, giving it a 41% stake. Aveleos SA makes use of attractive feed-in tariffs and high sun intensity in Italy and France. With this investment, Enovos Luxembourg underlines its commitment to the field of renewable energies. 'The joint venture with Avelar Energy is a strategic partnership that allows us to build on our experience in the field of photovoltaics,' says CEO of Enovos Luxembourg, Jean Lucius. 'We're also delighted that the headquarters of the new company will be in Luxembourg.' Enovos commissioned a photovoltaic park with an output of 6 MW near Trier in November last year.
Besides the majority stake in Aveleos, Enovos Luxembourg will acquire 11 photovoltaic parks with an energy output of 1 MW each from Avelar Energy. The plants, which are all located in the region of Apulia, Italy, will go into operation later this year.
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