Rise & Shine: January 28, 2009
The Rise & Shine is your daily source for all solar-industry news. Brought to you by Sweet Solar Home and the Experts at SunRun.
CALIFORNIA NEWS
Silicon Valley Clean-tech Expect to Benefit from Stimulus Bill
That agenda will add jobs and bring dollars to several Silicon Valley companies, they say, especially those making smart-grid components, solar panels, electric cars and green building materials.
Palm Desert Helps Secure Solar Tax Credit
Palm Desert city officials helped author the changes that would ensure residents who take out the loans can cash in on the 30 percent federal income tax credit for solar installations.
Sustainable Builder, Rudolph and Sletten, Cuts CO2 Emissions with Installation of a Solar Photovoltaic System
The company announced today the installation of its new solar photovoltaic system at its Irvine, California office.
NATIONAL NEWS
enXco Signs Power Purchase Agreement with Carrier Clinic
enXco, an EDF Energies Nouvelles Company, has signed a 25-year Power Purchase Agreement with Carrier Clinic, a not-for-profit behavioral healthcare system, located in Belle Mead, New Jersey.
Toledo City Council OKs $65,000 for Solar Project
Toledo City Council agreed last night to a smaller investment toward engineering and designing a municipal solar field – a $5 million project submitted as part of the city’s wish list for President Barack Obama’s economic stimulus plan.
Solar Mounting Manufacturer Schletter, Inc. Establishes US Operations
Schletter Inc. opened its first US manufacturing operation in March 2008, in Tucson, AZ. During 2008, Schletter has produced solar mounting capacity for large-scale photovoltaic (PV) systems in the US and Mexico.
Project’s Solar Panels Could Power Apartments
Developer John Rosenthal wants to build what would be the state’s largest solar installation atop one of the buildings in his sprawling development along the Massachusetts Turnpike near Fenway Park.
Solar Energy Initiatives Information to be Available through S&Ps Market Access Program
Solar Energy Initiatives? company information will be made available via Standard & Poor’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor’s Advisor Insight.
UTILITY INDUSTRY & REGULATORY NEWS
National Grid Plans $1.7B for Electric Transmission in New York, New England
The company expects to sign contracts with two companies to build transmission lines and substations in the next five years.
FINANCIAL NEWS & MARKETS
BrightView Finalizes Financing Round, Appoints New Chairman
BrightView Ltd., a developer of production technology for photovoltaic solar cells, has finalized a $6 million A round of financing.
MMA Renewable Ventures to Raise Its Fifth Solar Fund
The company is raising Fund V and has lined up most of the projects, said Mark McLanahan, MMA’s senior vice president of corporate development. The company expects to have the money in place “early this year.”
GOVERNMENT & POLITICS
US House and Senate Move Forward on American Recovery and Reinvestment Act
Stimulus package in discussion includes favorable provisions for renewable energy industry
INTERNATIONAL NEWS
US Forces Overseeing Nearly Two Dozen Solar Projects to Alleviate Iraq’s Electricity Costs
American leaders oversaw a $165,000 project to install solar panels that tap into Iraq’s most abundant resource.
ReneSola Secures Loan for Polysilicon Facility
Wafer manufacturer, ReneSola’s wholly owned subsidiary Sichuan ReneSola Material Co. Ltd. has signed a RMB800 million five-year project loan agreement with China Construction Bank.
Solar Power Explosion in Spain: 3.1 Gigawatts Installed in 2008
Analysts expected Spain’s installed solar power base to grow by about 1 gigawatt in 2008. That missed the mark by quite a bit.
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