Rise & Shine: August 3, 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
Borrego Solar Plans to Sell Power
El Cajon-based Borrego Solar said it has obtained $30 million in financing that will allow it to expand beyond its commercial-solar-installations business to owning systems and selling the power to others.
SunRun Helps Homeowners Create Hybrid Digs
One of the most exciting things about a SunRun deal is customers can accumulate “rollover” credits with the power company. The solar company’s clientele can get a dollar for dollar credit they can use toward future bills.
San Diego’s Solar Power
The San Diego region may become America’s capital for producing fuel from algae, a small but promising source of renewable energy. But San Diego already has become a leader in solar power generation, adding to its green credentials.
NATIONAL NEWS
Army Green: Ft. Irwin has Builders for 500MW Solar Project
The U.S. Army’s National Training Center at Ft. Irwin, California, is where the army prepares for its toughest missions. Now Ft. Irwin has another: Step to the front of the Army’s efforts to get greener.
SunWize Offers New Residential Solar Financing Program
Up to 12 months without payments and interest; unsecured loan overcomes major obstacle to the adoption of solar energy.
Solar Red – Finally Some PV Innovation on the Roof
Solar Red is attacking the high cost of sales and installation by leveraging the 23,000 roofing firms that replace approximately 5,000,000 roofs in the US each year.
Clark-Acciona Selected for 500MW Solar Project
Clark Energy Group, an affiliate of Clark Realty Capital, has been selected to develop the largest solar power project in Department of Defense history at Fort Irwin, California.
FedEx Plans 2.4MW Rooftop Solar Power System
FedEx Ground announced plans to install one of the nation’s largest rooftop solar-electric systems at its distribution hub in Woodbridge, New Jersey.
University of Central Florida Partners on $4M Solar Grants
The University of Central Florida is a partner in two U.S. Department of Energy solar energy grants worth more than $4 million.
Petra Solar Won $200M Pole Attached Solar Installation Contract
Petra Solar, Inc.will be producing 200,000 smart solar systems for installation on PSE&G utility poles and street light poles in the largest pole-attached solar installation in the world, following the NJ Board of Public Utilities approval of a new PSE&G program today.
UTILITY INDUSTRY & REGULATORY NEWS
Lessons from the Smart Grid Trenches for Distributed Solar
Any local jurisdiction worth its salt is exploring what’s involved and outlining a strategy that positions it as a location that nurtures the evolution of digital business applications, especially those in the emerging clean energy sector. And solar installers should be at the table.
GOVERNMENT & POLITICS
U.S. Treasury Now Accepting ITC Grant Applications
The Recovery Act authorized Treasury to make direct payments to companies that create and place in service renewable energy facilities beginning January 1, 2009.
Jobs More Important Than Price Per Watt to Key Policy Makers
Work by many researchers has shown that solar energy is the most effective and efficient job creator among all energy alternatives.
FINANCIAL NEWS & MARKETS
Borrego Solar Gets $30M for Solar Financing
U.S. solar power system installer Borrego Solar Systems said it has received $30 million from Taiwan’s Walsin Lihwa to offer financing to solar power project customers.
INTERNATIONAL NEWS
Bosch to Acquire Majority Stake in Aleo Solar
Bosch and the Eriksen Group, including related parties and other investors, have signed agreements relating to the purchase of 39.43 percent of the shares in aleo solar AG, in Prenzlau and Oldenburg, Germany.
GCL-Poly Completes Acquisition of Jiangsu Zhongneng
GCL-Poly Energy Holdings has completed the acquisition of Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. (Jiangsu Zhongneng) has been completed. The number of issued shares of GCL-Poly will be increased from 1,022, 973,487 shares to 11,062,746,214 shares.
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