WASHINGTON, Jan. 28 (UPI) -- New research has established that sophisticated new solar energy production methods make it far and away the cheapest and least hazardous energy source, certainly cheaper and safer than nuclear power.
The latest findings come through research by a British market leader in renewable energy production following on from studies at Duke University in Durham, N.C.
The nuclear power generation industry and its various lobbies have successfully campaigned for the nuclear option as the most economical for consumers planning for large increases in demand for electricity.
Outside the United States, too, nuclear power generation has won new friends in recent years despite controversies over nuclear energy's dual use -- the other as a weapon of mass destruction.
Ken Moss, chief executive officer at U.K. solar power developer and producer mO3, said: "The generation game has changed so much over the last decade that electricity generated from solar energy will be cheaper than electricity generated from nuclear plants, including the new ones planned to be set up in Britain.
Sunday, January 30, 2011
Friday, January 28, 2011
Suntech and Siemens Photovoltaic Deal
MUNICH, Jan. 27, 2011 /PRNewswire-Asia/ -- Siemens Energy has signed a framework agreement with Suntech Power Holdings Co. Ltd. (NYSE: STP), the world's largest manufacturer of photovoltaic (PV) modules. The photovoltaic modules to be supplied under this umbrella agreement are for several projects in Europe.
"Siemens is offering EPC solutions for photovoltaic plants," said Martin Schulz, Vice President Photovoltaics Siemens Renewable Energy Division. "With Suntech we have a bankable partner to provide reliable photovoltaic plants to our customers." In the last seven months Siemens has secured orders for photovoltaic plants with a combined capacity of over 80 MW from six different countries. As EPC contractor, the company handles the turnkey construction of solar power plants combining in-house components such as inverters or transformers and independent panel sourcing as well as local sourcing.
Jerry Stokes, President of Suntech Europe, stated: "We are excited to establish a strategic cooperation with a strong partner such as Siemens. We have already started executing on the agreement for projects developed throughout Europe. Siemens' global presence facilitates joint projects in Europe as well as in other parts of the world."
Photovoltaic plants are part of Siemens' Environmental Portfolio. In fiscal 2010, revenue from the Portfolio totaled about EUR28 billion, making Siemens the world's largest supplier of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by 270 million tons, an amount equal to the total annual CO2 emissions of the megacities Hong Kong, London, New York, Tokyo, Delhi and Singapore.
"Siemens is offering EPC solutions for photovoltaic plants," said Martin Schulz, Vice President Photovoltaics Siemens Renewable Energy Division. "With Suntech we have a bankable partner to provide reliable photovoltaic plants to our customers." In the last seven months Siemens has secured orders for photovoltaic plants with a combined capacity of over 80 MW from six different countries. As EPC contractor, the company handles the turnkey construction of solar power plants combining in-house components such as inverters or transformers and independent panel sourcing as well as local sourcing.
Jerry Stokes, President of Suntech Europe, stated: "We are excited to establish a strategic cooperation with a strong partner such as Siemens. We have already started executing on the agreement for projects developed throughout Europe. Siemens' global presence facilitates joint projects in Europe as well as in other parts of the world."
Photovoltaic plants are part of Siemens' Environmental Portfolio. In fiscal 2010, revenue from the Portfolio totaled about EUR28 billion, making Siemens the world's largest supplier of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by 270 million tons, an amount equal to the total annual CO2 emissions of the megacities Hong Kong, London, New York, Tokyo, Delhi and Singapore.
Tuesday, January 25, 2011
Federal Dollars for Arizona Solar
It takes dollar power to get solar power. In these recession-scarred times, it also takes some federal backup power.
The U.S. Department of Energy is stepping in for the second time to provide a crucial loan guarantee for an Arizona solar-power plant.
The Agua Caliente Solar Project in Yuma County is in line for a $967 million loan guarantee. The Solana plant in Gila Bend was earlier offered a $1.45 billion guarantee.These aren't loans or grants. They simply remove a barrier that kept gun-shy lenders from putting money into huge energy projects. Taxpayers would assume the tiny risk of default on two plants that have built-in markets: The Yuma plant will supply Pacific Gas & Electric, which serves Californians, and Solana will supply Arizona Public Service.
Arizona will benefit from a boost in employment, mostly in short-term construction jobs but also some in operations and maintenance. And a new factory will make solar mirrors for the Solana plant. The federal loan guarantees are critical for the supply side of Arizona's solar industry.
But it's just half of the equation. Our state's renewable-energy standard, adopted by the Arizona Corporation Commission, requires regulated utilities to produce 15 percent of their power from renewable sources by 2025.
That's the demand side. For bright prospects in solar, Arizona must have a steady, predictable increase in local demand.
The U.S. Department of Energy is stepping in for the second time to provide a crucial loan guarantee for an Arizona solar-power plant.
The Agua Caliente Solar Project in Yuma County is in line for a $967 million loan guarantee. The Solana plant in Gila Bend was earlier offered a $1.45 billion guarantee.These aren't loans or grants. They simply remove a barrier that kept gun-shy lenders from putting money into huge energy projects. Taxpayers would assume the tiny risk of default on two plants that have built-in markets: The Yuma plant will supply Pacific Gas & Electric, which serves Californians, and Solana will supply Arizona Public Service.
Arizona will benefit from a boost in employment, mostly in short-term construction jobs but also some in operations and maintenance. And a new factory will make solar mirrors for the Solana plant. The federal loan guarantees are critical for the supply side of Arizona's solar industry.
But it's just half of the equation. Our state's renewable-energy standard, adopted by the Arizona Corporation Commission, requires regulated utilities to produce 15 percent of their power from renewable sources by 2025.
That's the demand side. For bright prospects in solar, Arizona must have a steady, predictable increase in local demand.
Friday, January 21, 2011
Solar Power for the Farm
Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL | PowerRating), a leading provider of solar power technology and solar integration systems, announced that it has re-signed a commercial solar installation contract with Long Life Farms in Thermal, California.
The IIDU has changed it's solar incentive plan from a one time lump sum payment to a monthly performance based payment spread over 5 years. Due to this change, Sunvalley successfully renegotiated the contracts with Long Life Farm. The new incentive plan, offers Long Life Farm better terms, payment structure and tax benefits.
The new 148.58 Kilowatt solar power systems comprised of 1,564 solar panels from Tianwei Solarfilms and one 100KW plus one 35KW solar inverter from PV Powered. The total contracted value is approximately $680,496. The contract is supported by ~$325K of solar incentive rebates from the local utility company and ~$204K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 254,784 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
The installation for Long Life Farms will begin in early 2011.
The IIDU has changed it's solar incentive plan from a one time lump sum payment to a monthly performance based payment spread over 5 years. Due to this change, Sunvalley successfully renegotiated the contracts with Long Life Farm. The new incentive plan, offers Long Life Farm better terms, payment structure and tax benefits.
The new 148.58 Kilowatt solar power systems comprised of 1,564 solar panels from Tianwei Solarfilms and one 100KW plus one 35KW solar inverter from PV Powered. The total contracted value is approximately $680,496. The contract is supported by ~$325K of solar incentive rebates from the local utility company and ~$204K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 254,784 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
The installation for Long Life Farms will begin in early 2011.
Thursday, January 20, 2011
Solar Power is Money for Electricity
nvironmental Advantage: Solar power is one of the most benign electricity resources. Solar cells generate electricity without air or water emissions, noise, vibration, habitat impact or waste generation.
Fuel Risk Advantage: Unlike fossil and nuclear fuels, solar energy has no risk of fuel price volatility or delivery risk. Although there is variability in the amount and timing of sunlight in the day, season and year, a properly sized and configured system can be designed to insure high reliability while providing a long-term, fixed-price electricity supply.
Location Advantage: Unlike other renewable resources such as hydroelectric and wind power, solar power is generally located at a customer's site due to the universal availability of sunlight. As a result, solar power limits the expense and energy losses associated with the transmission and distribution from large-scale electric plants to the end-users. For most residential consumers seeking an environment-friendly power alternative, solar power is currently the only viable choice being a ubiquitous source.
Environmental Legislations: Alternative energy companies are increasingly benefiting from new legislation in the U.S. stipulating installation of renewable sources of electricity generation as mandated by Renewal Energy Standards (RES). At the federal level, Congress has extended the 30% federal investment tax credit (ITC) to both residential and commercial solar installations until December 31, 2016.
Also, under the American Reinvestment and Recovery Act (ARRA) passed in February 2009, the U.S. Treasury Department implemented a program to issue cash grants in lieu of investment tax credit for renewable energy projects.
Subsidy Programs: Governments, most notably China, Japan, Canada, U.K., Australia, India and the Middle East, have increased their financial support for solar projects. China is aiming at increasing its installed solar power capacity to 20 GW by 2020 from 305 MW capacity at the end of 2009. Specific solar energy stocks under our coverage that stand to benefit from this environment with a Zacks #1 Rank (short-term Strong Buy rating) include China Sunergy Co. Ltd. (Nasdaq: CSUN), LDK Solar Co. Ltd. (NYSE: LDK) and JA Solar Holdings Co. Ltd. (Nasdaq: JASO).
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Fuel Risk Advantage: Unlike fossil and nuclear fuels, solar energy has no risk of fuel price volatility or delivery risk. Although there is variability in the amount and timing of sunlight in the day, season and year, a properly sized and configured system can be designed to insure high reliability while providing a long-term, fixed-price electricity supply.
Location Advantage: Unlike other renewable resources such as hydroelectric and wind power, solar power is generally located at a customer's site due to the universal availability of sunlight. As a result, solar power limits the expense and energy losses associated with the transmission and distribution from large-scale electric plants to the end-users. For most residential consumers seeking an environment-friendly power alternative, solar power is currently the only viable choice being a ubiquitous source.
Environmental Legislations: Alternative energy companies are increasingly benefiting from new legislation in the U.S. stipulating installation of renewable sources of electricity generation as mandated by Renewal Energy Standards (RES). At the federal level, Congress has extended the 30% federal investment tax credit (ITC) to both residential and commercial solar installations until December 31, 2016.
Also, under the American Reinvestment and Recovery Act (ARRA) passed in February 2009, the U.S. Treasury Department implemented a program to issue cash grants in lieu of investment tax credit for renewable energy projects.
Subsidy Programs: Governments, most notably China, Japan, Canada, U.K., Australia, India and the Middle East, have increased their financial support for solar projects. China is aiming at increasing its installed solar power capacity to 20 GW by 2020 from 305 MW capacity at the end of 2009. Specific solar energy stocks under our coverage that stand to benefit from this environment with a Zacks #1 Rank (short-term Strong Buy rating) include China Sunergy Co. Ltd. (Nasdaq: CSUN), LDK Solar Co. Ltd. (NYSE: LDK) and JA Solar Holdings Co. Ltd. (Nasdaq: JASO).
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Monday, January 17, 2011
WMECO to Build 2nd Solar Facility
SPRINGFIELD, Mass.--(BUSINESS WIRE)--Western Massachusetts Electric Company (WMECo) today announced plans to develop its second large-scale solar energy facility. The selected site is on Cottage Street in Springfield will accommodate some 17,000 solar panels, producing up to 4.2 megawatts (MW) of solar energy.
WMECo officials joined local officials in announcing the agreement to develop the capped landfill into a large-scale solar energy facility. Upon completion, the Springfield facility will join WMECo’s Silver Lake Solar Facility as two of the largest in the region.
“The Springfield facility continues to build on the experience we gained in developing our recently completed project in Pittsfield. Our approach enables us to deliver large scale solar at a level of cost effectiveness that no one would have thought possible a few short years ago.” said Peter J. Clarke, WMECo president and chief operating officer.
“Our solar program helps stimulate development of large scale solar facilities and the demand for regional construction and engineering services. Our use of a capped landfill creates a new and viable use for an otherwise challenged property within our home city,” Clarke said.
"We are delighted to partner with WMECO to advance this important solar project,” said Mayor Domenic Sarno. “My Administration has been working to advance this project and other important conservation and sustainability efforts to take a lead in the 'green' economy. I look forward to growing the City's partnership with WMECO," he said.
The project will bring $22M of construction to the region and is expected to contribute several hundred thousand dollars of annual property tax revenue to the city of Springfield. Springfield is one of the two Gateway Communities in WMECo’s service territory and is home to some 65,000 WMECo customers.
The Commonwealth has a goal to install 250 megawatts of solar by 2017. Under the landmark Green Communities Act (GCA), each Massachusetts electric utility may own up to 50 MW of solar generation, subject to approval by the Department of Public Utilities (DPU).
WMECo was the first utility to receive DPU approval and is currently authorized to install 6 MW of solar. Local permitting for the project is underway and WMECo expects to begin construction in the second quarter of this year. Construction of the Springfield facility will complete the initial 6 megawatt authorization received from the DPU.
Western Massachusetts Electric Company, a Northeast Utilities company (NYSE:NU), serves approximately 200,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. For more information about WMECo, visit our Web site at www.wmeco.com.
WMECo officials joined local officials in announcing the agreement to develop the capped landfill into a large-scale solar energy facility. Upon completion, the Springfield facility will join WMECo’s Silver Lake Solar Facility as two of the largest in the region.
“The Springfield facility continues to build on the experience we gained in developing our recently completed project in Pittsfield. Our approach enables us to deliver large scale solar at a level of cost effectiveness that no one would have thought possible a few short years ago.” said Peter J. Clarke, WMECo president and chief operating officer.
“Our solar program helps stimulate development of large scale solar facilities and the demand for regional construction and engineering services. Our use of a capped landfill creates a new and viable use for an otherwise challenged property within our home city,” Clarke said.
"We are delighted to partner with WMECO to advance this important solar project,” said Mayor Domenic Sarno. “My Administration has been working to advance this project and other important conservation and sustainability efforts to take a lead in the 'green' economy. I look forward to growing the City's partnership with WMECO," he said.
The project will bring $22M of construction to the region and is expected to contribute several hundred thousand dollars of annual property tax revenue to the city of Springfield. Springfield is one of the two Gateway Communities in WMECo’s service territory and is home to some 65,000 WMECo customers.
The Commonwealth has a goal to install 250 megawatts of solar by 2017. Under the landmark Green Communities Act (GCA), each Massachusetts electric utility may own up to 50 MW of solar generation, subject to approval by the Department of Public Utilities (DPU).
WMECo was the first utility to receive DPU approval and is currently authorized to install 6 MW of solar. Local permitting for the project is underway and WMECo expects to begin construction in the second quarter of this year. Construction of the Springfield facility will complete the initial 6 megawatt authorization received from the DPU.
Western Massachusetts Electric Company, a Northeast Utilities company (NYSE:NU), serves approximately 200,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. For more information about WMECo, visit our Web site at www.wmeco.com.
Wednesday, January 12, 2011
China Solar Company Buys US Company
Chinese-based LDK Solar, Ltd. (NYSE: LDK) reached an agreement to purchase 70 percent of U.S.-based Solar Power, Inc. (SPI), a photovoltaic manufacturer and installer. Under the agreement, LDK will pay $33 million for the majority ownership stake in SPI, allowing the company to focus on large installations in the U.S. and the Americas.
LDK’s investment will allow SPI greater access to financing for developing large-scale photovoltaic projects in the United States.
“It’s going to allow us to focus on the marketing sales and development of large-scale solar in the United States,” said SPI Vice President of Marketing Mike Anderson. He added that the company is focused on utility scale systems and large-scale distributed generation systems.
In a press release, LDK said it made the investment to accelerate the development of SPI’s project pipeline, which it projects will add “downstream benefit” to LDK.
Under the agreement, LDK will take over the manufacturing of SPI’s panels, which were previously made in Shenzhen, China. It also will purchase some of SPI’s manufacturing equipment and take over SPI’s manufacturing facility.
“They’re going to manufacturer our panels to our specs,” said Anderson. He added that they’re also going to produce some of the company’s racking products, like its Skymount. “They’re going to be SPI branding so none of that’s going to change.”
Anderson said he did not know if LDK would use SPI’s specs in making their own panels.
An additional benefit, according to Anderson is best in class pricing.
“Something, heretofore, we wouldn’t have been able to get on our own,” he said.
LDK said, “SPI will maintain a separate logistical team in Shenzhen to enhance project development, design and related project management functions at a new location in Shenzhen.”
Neither company has a manufacturing facility in the U.S.
“Both companies have an interest in opening a plant here in the U.S., but we don’t have any plans as of yet,” Anderson said.
Under the agreement, Anderson said SPI’s corporate structure will remain the same.
However, LDK CEO Xiaofeng Peng will become chairman of SPI’s board. And Jack Lai, LDK’s chief financial officer, will also join SPI’s board.
LDK’s investment will allow SPI greater access to financing for developing large-scale photovoltaic projects in the United States.
“It’s going to allow us to focus on the marketing sales and development of large-scale solar in the United States,” said SPI Vice President of Marketing Mike Anderson. He added that the company is focused on utility scale systems and large-scale distributed generation systems.
In a press release, LDK said it made the investment to accelerate the development of SPI’s project pipeline, which it projects will add “downstream benefit” to LDK.
Under the agreement, LDK will take over the manufacturing of SPI’s panels, which were previously made in Shenzhen, China. It also will purchase some of SPI’s manufacturing equipment and take over SPI’s manufacturing facility.
“They’re going to manufacturer our panels to our specs,” said Anderson. He added that they’re also going to produce some of the company’s racking products, like its Skymount. “They’re going to be SPI branding so none of that’s going to change.”
Anderson said he did not know if LDK would use SPI’s specs in making their own panels.
An additional benefit, according to Anderson is best in class pricing.
“Something, heretofore, we wouldn’t have been able to get on our own,” he said.
LDK said, “SPI will maintain a separate logistical team in Shenzhen to enhance project development, design and related project management functions at a new location in Shenzhen.”
Neither company has a manufacturing facility in the U.S.
“Both companies have an interest in opening a plant here in the U.S., but we don’t have any plans as of yet,” Anderson said.
Under the agreement, Anderson said SPI’s corporate structure will remain the same.
However, LDK CEO Xiaofeng Peng will become chairman of SPI’s board. And Jack Lai, LDK’s chief financial officer, will also join SPI’s board.
Tuesday, January 11, 2011
Kaiser Permanente Adds Solar
Kaiser Permanente's Santa Clara Medical Center has gone live with solar power, becoming one of the country's first major medical centers to receive a significant amount of its energy from the sun.
"Kaiser Permanente has a long history of energy conservation and environmental stewardship, and our use of solar and other forms of renewable energy further demonstrates our ongoing commitment to improving the overall health and well-being of our members and the communities we serve," said Gregory A. Adams, group president, regional president of Kaiser Foundation Health Plan/Hospitals, Inc. in Northern California.
Kaiser Permanente agreed in March to install solar power systems at 15 of its California facilities — deploying a total 15 megawatts of solar energy — by the end of 2011. The agreement with Recurrent Energy, a solar project developer and generating company providing clean electricity to utilities and large energy users, launched one of the largest sustainable energy programs in U.S. health care.
Solar panels at Kaiser Permanente Santa Clara will produce 8.5 percent of the power used at the medical center — or enough to provide electricity for 136 homes for one year.
Installing solar panels on Kaiser Permanente hospitals, medical offices and other buildings is the first step in a comprehensive plan to use onsite renewable energy sources to power Kaiser Permanente's buildings nationwide. A focus on renewable energy sources is just one aspect of the organization's industry-leading work to reduce greenhouse gas emissions, reduce the use of harmful chemicals, and promote sustainable food choices.
Kaiser Permanente's investment in solar power will reduce the organization's reliance on the public power grid and help it diversify its energy sources. The 15 megawatts of solar power will produce an average of 10 percent of the electricity at each of the facilities, which also include the Vallejo Medical Center in Northern California, and medical offices in Lancaster and La Mesa in Southern California.
This is enough to provide electricity for about 1,900 homes a year.
Kaiser Permanente agreed to purchase the solar power through power purchase agreements with San Francisco-based Recurrent Energy, which will own and operate all of the solar power systems. Kaiser Permanente also will retain all the Renewable Energy Credits awarded for these solar projects.
"These solar agreements are a major step toward our goal of including a wide array of renewable sources in our energy portfolio," said John Kouletsis, director of strategy, planning and design for Kaiser Permanente's National Facilities Services department. In the future, energy sources could include thermal energy, wind and fuel cells in addition to solar.
This move is the latest in Kaiser Permanente's long history of energy conservation and environmental stewardship. Sustainable design and construction practices, including the use of energy-saving infrastructure and non-toxic materials, help Kaiser Permanente to build green and stay on budget.
Through its green building efforts, Kaiser Permanente:
Saves more than $10 million per year through energy conservation strategies. A leader in environmental health care and construction, Kaiser Permanente has committed to significantly reducing its use of fossil fuels and slowing energy growth over the next 10 years.
Will use sustainable design and construction practices to complete roughly 6.7 million square feet of new construction in the next seven years.
Eliminated the purchase and disposal of 40 tons of harmful chemicals.
Kaiser Permanente first used solar power when it opened one of the country's "greenest" hospitals in Modesto, Calif., in 2008. That hospital's solar-panel array generates enough electricity to power 25 homes annually.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, our mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 8.6 million members in nine states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: www.kp.org/newscenter .
"Kaiser Permanente has a long history of energy conservation and environmental stewardship, and our use of solar and other forms of renewable energy further demonstrates our ongoing commitment to improving the overall health and well-being of our members and the communities we serve," said Gregory A. Adams, group president, regional president of Kaiser Foundation Health Plan/Hospitals, Inc. in Northern California.
Kaiser Permanente agreed in March to install solar power systems at 15 of its California facilities — deploying a total 15 megawatts of solar energy — by the end of 2011. The agreement with Recurrent Energy, a solar project developer and generating company providing clean electricity to utilities and large energy users, launched one of the largest sustainable energy programs in U.S. health care.
Solar panels at Kaiser Permanente Santa Clara will produce 8.5 percent of the power used at the medical center — or enough to provide electricity for 136 homes for one year.
Installing solar panels on Kaiser Permanente hospitals, medical offices and other buildings is the first step in a comprehensive plan to use onsite renewable energy sources to power Kaiser Permanente's buildings nationwide. A focus on renewable energy sources is just one aspect of the organization's industry-leading work to reduce greenhouse gas emissions, reduce the use of harmful chemicals, and promote sustainable food choices.
Kaiser Permanente's investment in solar power will reduce the organization's reliance on the public power grid and help it diversify its energy sources. The 15 megawatts of solar power will produce an average of 10 percent of the electricity at each of the facilities, which also include the Vallejo Medical Center in Northern California, and medical offices in Lancaster and La Mesa in Southern California.
This is enough to provide electricity for about 1,900 homes a year.
Kaiser Permanente agreed to purchase the solar power through power purchase agreements with San Francisco-based Recurrent Energy, which will own and operate all of the solar power systems. Kaiser Permanente also will retain all the Renewable Energy Credits awarded for these solar projects.
"These solar agreements are a major step toward our goal of including a wide array of renewable sources in our energy portfolio," said John Kouletsis, director of strategy, planning and design for Kaiser Permanente's National Facilities Services department. In the future, energy sources could include thermal energy, wind and fuel cells in addition to solar.
This move is the latest in Kaiser Permanente's long history of energy conservation and environmental stewardship. Sustainable design and construction practices, including the use of energy-saving infrastructure and non-toxic materials, help Kaiser Permanente to build green and stay on budget.
Through its green building efforts, Kaiser Permanente:
Saves more than $10 million per year through energy conservation strategies. A leader in environmental health care and construction, Kaiser Permanente has committed to significantly reducing its use of fossil fuels and slowing energy growth over the next 10 years.
Will use sustainable design and construction practices to complete roughly 6.7 million square feet of new construction in the next seven years.
Eliminated the purchase and disposal of 40 tons of harmful chemicals.
Kaiser Permanente first used solar power when it opened one of the country's "greenest" hospitals in Modesto, Calif., in 2008. That hospital's solar-panel array generates enough electricity to power 25 homes annually.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, our mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 8.6 million members in nine states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: www.kp.org/newscenter .
Friday, January 7, 2011
Solar Energy Partnership for Colorado
Denver, Jan. 4, 2011 – SolSource Energy Solutions, one of Colorado’s leading solar engineering, procurement and construction companies, has recently partnered with Sun Energy Funding, a local provider of residential leasing and financing for solar energy. The new partnership will provide Colorado residents with the benefits and savings of solar without the large installation costs.
SolSource was approached by Sun Energy because of SolSource’s reputation within the industry for high quality solar installations and deep Colorado business roots. SolSource and Sun Energy were both founded in Colorado and both have made a commitment to help Colorado residents save money with energy efficient homes.
“Many homeowners recognize the benefits of solar energy, but feel that it is out of reach because of the large initial cost. By partnering with SolSource we can help Colorado residents attain solar energy, by supplying them with different financing options that meet their needs.” said Erik Bowman, CEO of Sun Energy Funding.
Sun Energy Funding was founded by a team of veteran solar installers after they recognized there was a gap in the market and a need for financing options. Sun Energy partners with top tier solar integrators to provide leasing and financing options for residents interested in installing solar systems.
“We are excited for the partnership with Sun Energy Funding because it will help make solar more affordable and available for homeowners,” said Jeff Scott, president and founder of SolSource, “We are hoping to complete 30 residential leasing projects with Sun Energy in 2011.”
To learn more about solar and available financing options, visit www.solsourceinc.com.
About SolSource, Inc.
Founded in 2004, SolSource is a solar design and installation firm providing solar electric, solar thermal hot water, and air heating systems throughout Colorado and nationwide. SolSource’s experience covers commercial, business, government, school and residential projects. Its clients include Buckley Air Force Base, Fossil Ridge High School, the Pepsi Center, University of Colorado at Boulder, Blue Mountain Arts corporate office, and more than 600 residential homes, including the home of SolSource President, Jeff Scott. For more information please visit www.solsourceinc.com.
About Sun Energy Funding
Founded in 2010, Sun Energy Funding is a Colorado-based company that provides residential leasing and financing options that allow consumers to save money through solar energy alternatives. The founders of Sun Energy bring over 50 years experience with backgrounds in solar installation, construction, finance and business development. The company remains dedicated to Colorado through its 100 percent local funding and employment. For more information please visit www.sunenergyfunding.com.
SolSource was approached by Sun Energy because of SolSource’s reputation within the industry for high quality solar installations and deep Colorado business roots. SolSource and Sun Energy were both founded in Colorado and both have made a commitment to help Colorado residents save money with energy efficient homes.
“Many homeowners recognize the benefits of solar energy, but feel that it is out of reach because of the large initial cost. By partnering with SolSource we can help Colorado residents attain solar energy, by supplying them with different financing options that meet their needs.” said Erik Bowman, CEO of Sun Energy Funding.
Sun Energy Funding was founded by a team of veteran solar installers after they recognized there was a gap in the market and a need for financing options. Sun Energy partners with top tier solar integrators to provide leasing and financing options for residents interested in installing solar systems.
“We are excited for the partnership with Sun Energy Funding because it will help make solar more affordable and available for homeowners,” said Jeff Scott, president and founder of SolSource, “We are hoping to complete 30 residential leasing projects with Sun Energy in 2011.”
To learn more about solar and available financing options, visit www.solsourceinc.com.
About SolSource, Inc.
Founded in 2004, SolSource is a solar design and installation firm providing solar electric, solar thermal hot water, and air heating systems throughout Colorado and nationwide. SolSource’s experience covers commercial, business, government, school and residential projects. Its clients include Buckley Air Force Base, Fossil Ridge High School, the Pepsi Center, University of Colorado at Boulder, Blue Mountain Arts corporate office, and more than 600 residential homes, including the home of SolSource President, Jeff Scott. For more information please visit www.solsourceinc.com.
About Sun Energy Funding
Founded in 2010, Sun Energy Funding is a Colorado-based company that provides residential leasing and financing options that allow consumers to save money through solar energy alternatives. The founders of Sun Energy bring over 50 years experience with backgrounds in solar installation, construction, finance and business development. The company remains dedicated to Colorado through its 100 percent local funding and employment. For more information please visit www.sunenergyfunding.com.
Thursday, January 6, 2011
Solar Energy Development for Mongolia
First Solar, Inc. (Nasdaq: FSLR | PowerRating) and China Guangdong Nuclear Solar Energy Development Co., Ltd. (CGN SEDC) today signed a memorandum of understanding (MOU) to collaborate on the development of Phase 1 of the previously announced solar photovoltaic (PV) plant in Ordos, Inner Mongolia. The agreement represents an important step forward for the Ordos project, following First Solar's MOU with the Ordos Government in September, 2009, and the Chinese government's recent approval of the pre-feasibility study for Phase 1 in September 2010. First Solar President Bruce Sohn and CGN SEDC President Han Qinghao signed the MOU at a ceremony in Beijing today.
Under the terms of the MOU, First Solar and CGN SEDC will work together to execute the 30 MW AC first-phase demonstration project. CGN SEDC will be the majority project owner and operator, performing the engineering, procurement and construction (EPC) functions for the project. First Solar will supply its advanced thin-film solar PV modules to the project and will support CGN SEDC with EPC and O&M advisory services.
"First Solar is honored to be working on the Ordos project with CGN SEDC, a company with demonstrated leadership, expertise and experience. We look forward to working together to make the Ordos project a reality and to contributing to China's renewable energy goals and market development," said Sohn.
"We are very pleased to be partnering with First Solar, a global leader in solar PV technology, in developing the first significant solar project to adopt advanced thin-film technology in China," commented Han Qinghao.
The Ordos project represents the first large-scale solar collaboration between China and the United States and an example of China-U.S. bilateral cooperation on renewable energy.
About First Solar, Inc.
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com.
About China Guangdong Nuclear
Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC) was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. By the end of 2010, CGN SEDC completed construction of solar facilities capable of producing 20MW, and is currently in the process of constructing facilities with a capacity of 70 MW. For more information about CGN-SEDC, please visit http://www.cgnsedc.com.cn.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
SOURCE: First Solar, Inc. and CGN SEDC
China
Huang Xue
+8610-5816-2555
Xue.Huang@bm.com
or
First Solar, Inc.
United States
Alan Bernheimer
602-414-9361
media@firstsolar.com
or
Europe
Brandon Mitchener
+49-6131-1443-399
media@firstsolar.com
Under the terms of the MOU, First Solar and CGN SEDC will work together to execute the 30 MW AC first-phase demonstration project. CGN SEDC will be the majority project owner and operator, performing the engineering, procurement and construction (EPC) functions for the project. First Solar will supply its advanced thin-film solar PV modules to the project and will support CGN SEDC with EPC and O&M advisory services.
"First Solar is honored to be working on the Ordos project with CGN SEDC, a company with demonstrated leadership, expertise and experience. We look forward to working together to make the Ordos project a reality and to contributing to China's renewable energy goals and market development," said Sohn.
"We are very pleased to be partnering with First Solar, a global leader in solar PV technology, in developing the first significant solar project to adopt advanced thin-film technology in China," commented Han Qinghao.
The Ordos project represents the first large-scale solar collaboration between China and the United States and an example of China-U.S. bilateral cooperation on renewable energy.
About First Solar, Inc.
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com.
About China Guangdong Nuclear
Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC) was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. By the end of 2010, CGN SEDC completed construction of solar facilities capable of producing 20MW, and is currently in the process of constructing facilities with a capacity of 70 MW. For more information about CGN-SEDC, please visit http://www.cgnsedc.com.cn.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
SOURCE: First Solar, Inc. and CGN SEDC
China
Huang Xue
+8610-5816-2555
Xue.Huang@bm.com
or
First Solar, Inc.
United States
Alan Bernheimer
602-414-9361
media@firstsolar.com
or
Europe
Brandon Mitchener
+49-6131-1443-399
media@firstsolar.com
Tuesday, January 4, 2011
New Solar Idea in Asia
Japanese highway companies may rent space to solar panel makers and power producers to reduce the road operators’ debt, the Daily Yomiuri newspaper reported, without saying where it got the information.
The plan will focus on sparsely populated areas along the 9,000-kilometer (5,590-mile) national network, the report said. Companies renting the space may include solar panel makers Sharp Corp., Toshiba Corp. and Kyocera Corp., as well as Japan’s power companies, according to the newspaper.
Japan’s Ministry of Economy, Trade and Industry hopes to introduce by 2012 a system where electricity companies buy the full amount of renewable energy, including solar, produced by households and corporations, the report said.
Editors: John Viljoen, Clyde Russell.
To contact the reporter on this story: Stuart Biggs in Tokyo at Sbiggs3@bloomberg.net.
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.
The plan will focus on sparsely populated areas along the 9,000-kilometer (5,590-mile) national network, the report said. Companies renting the space may include solar panel makers Sharp Corp., Toshiba Corp. and Kyocera Corp., as well as Japan’s power companies, according to the newspaper.
Japan’s Ministry of Economy, Trade and Industry hopes to introduce by 2012 a system where electricity companies buy the full amount of renewable energy, including solar, produced by households and corporations, the report said.
Editors: John Viljoen, Clyde Russell.
To contact the reporter on this story: Stuart Biggs in Tokyo at Sbiggs3@bloomberg.net.
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.
Subscribe to:
Posts (Atom)