Category: News

November 24 2014

SunEdison Targets Brazil With $30 Million Solar Plant

SunEdison will invest $30 million in a panel factory in Brazil and has agreed to build solar power plants with local renewable energy developer Renova Energia SA, Jose Perez, the company’s president for Latin America, said today.

November 24 2014

Canadian Solar Sells Mojave Desert Project to Dominion

Terms of the sale weren’t disclosed. The West Antelope Valley facility, which began operating this year, has a 20-year contract to sell power to PG&E Corp., Guelph, Ontario-based Canadian Solar said today in a statement.

November 24 2014

Sustainable Power Signs $65 Million Utility Solar Deal

Under a 21-year contract worth about $65 million, Sustainable Power will supply electricity at 5.3 cents a kilowatt-hour, the Tempe, Arizona-based utility said in a statement on its website. Salt River Project pays an average of about 4 cents a kilowatt-hour for power during peak periods.

November 24 2014

China Buying REC Solar for $640 Million Avoids Trade Spat

The deal by a unit of China National Chemical Corp. would follow a surge in demand for solar panels, absorbing much of the production that companies supported by the government in Beijing built in the past decade.

November 20 2014

India, China Said to Drop Opposition to Limits on HFCs in Talks

The shift by the world’s two most populous nations during talks on an accord is seen as a hopeful sign for advocates trying to cut the use of hydrofluorocarbons. Saudi Arabia is still leading nations that oppose expanding the scope of the treaty, according to participants in negotiations that end tomorrow in Paris.

November 20 2014

Sunnova Raises $250 Million to Expand in U.S. and Overseas

The residential solar company operates in more than 20 U.S. states and territories and “we fully intend to become a global company,” Chief Executive Officer John Berger said today in an interview. “This capital enables us to take a giant step in the direction of that goal.”

November 20 2014

Keystone Foes Use Narrow Win in U.S. Senate to Prepare for 2015

“Make an emergency gift to the Sierra Club right now,” Sierra Club head Michael Brune said in a pitch after the Senate fell one vote short of the 60 needed to pass a bill backing the pipeline. “We’ve worked so hard to stop the pipeline for a long time now. But we have to keep fighting.”

November 19 2014

Brazil Wind Bids Set to Outnumber Hydro to Gas in Auction

A total of 14.2 gigawatts of planned wind-generated capacity from 577 projects qualified for the Nov. 28 event, the most of any energy source, Brazil’s energy research agency Empresa de Pesquisa Energetica said today in an e-mailed statement. That’s out of 821 submissions for a combined 29.2 gigawatts that also included solar, hydroelectric, biomass, gas and coal plants.

November 18 2014

JinkoSolar Closes Remainder of $225 Million Equity Investment

China Development Bank International, the Macquarie Greater China Infrastructure Fund and New Horizon Capital now combine to hold about 45 percent of the company’s Jinko Power Engineering Group development unit, according to a statement today. The parent company also contributed capital.

November 18 2014

Watershed Conservation a `Positive’ for Cities: Report

Preventing pollution and sediment from reaching potable sources often costs less than later treating that water, the Arlington, Virginia-based organization said today in a report that analyzed 2,000 sources of drinking water for 534 cities. The Urban Water Blueprint was completed through a partnership with the International Water Association and the C40 Cities Climate Leadership Group.