The California Public Utilities Commission on Thursday approved a unique reverse auction market to let renewable energy developers bid on small-scale projects under a program that would generate up to 1,000 megawatts for the state’s three big investor-owned utilities and further spur the solar industry.
During a withering recession, one would think the residential solar business would suffer. After all, five-figure photovoltaic panel arrays would seem to be one of those household improvements that would be first to fall off the to-do list.
A $30 million investment in Soladigm, a Silicon Valley startup that makes “dynamic glass,” by General Electric and other investors offers a window into where venture capital may go in 2011.
The Cancun climate talks may have ended inconclusively and chances that the United States Congress will enact a cap on greenhouse gas emissions over the next two years are slim to none, but business still sees money to be made in the carbon market.
Memo to Texas oil companies Tesoro and Valero: The return on your investment in California environmental politics is falling faster than the snow on the Sierra Nevada.
Solar and wind advocates hailed the United States Senate’s move Thursday night to extend for another year a key incentive program for big renewable energy projects. But they warned that another provision of the tax compromise under consideration could devastate the industry.
Iberdrola Renewables, the Spanish green energy giant, has jumped into the United States solar power plant market, announcing a deal Thursday with Silicon Valley’s SunPower for a 20-megawatt photovoltaic farm to be built in Arizona.
Solyndra, a Silicon Valley solar module maker, took some heat in November when it decided to close a factory, lay off workers and delay expansion of a new manufacturing plant that was built with a half-billion-dollar federal loan guarantee.
Renewable energy lobbyists on Wednesday held a press conference to warn that the failure of Congress to extend a key financial incentive would be disastrous for the solar and wind industries. At the same time, IDC, a research firm, released a report predicting that the North American photovoltaic market will double in 2011.