Green Energy
Warren Buffett is getting into the solar business by buying one of the world’s largest solar PV plants – the $2 billion Topaz project under development in southern California.
Buffet’s utility, MidAmerican Energy Holdings, is making the acquisition – the 550 megawatt (MW) project is being developed by First Solar using its thin-film solar panels. First Solar will also operate the plant after it comes online in early 2015.
First Solar was unable to get a Dept of Energy (DOE) loan gurantee for the project.
Topaz “demonstrates that solar energy is a commercially viable technology without the support of governmental loan guarantees,” says Greg Abel, MidAmerican CEO. “The utility will seek to add more assets of this type to its unregulated portfolio.”
“The reason for the move from wind to solar is very simple,” says Gerard Reid, an analyst with Jefferies told Bloomberg. “Tax credits for wind in the U.S. expire at the end of next year, while solar ones run till 2015.”
He notes that solar is a much safer bet than wind because there’s less maintenance and weather risk.
MidAmerican, on the other hand, says the Topaz purchase is a “strategic move” that builds on its experience with wind energy, reports Bloomberg. The company has become one of the larger wind producers – it owns over a dozen US wind farms that produce at least 1.5 gigawatts of electricity. It also has a stake in Chinese electric car manufacturer BYD Company.
Original Article on SustainableBusiness.com
- 8mw Deal For Canadian Solar
Canadian Solar has supplied more than 8MW of solar modules to groSolar for three utility and commercial photovoltaic projects in the United States.All three projects use Canadian Solar’s CS6p module. The largest project is a 6MW plant currently...
- Xunlight Partners With Trina Solar On Pv System
Toledo, Ohio United States Xunlight Corporation, a manufacturer of flexible and lightweight thin-film silicon solar modules has completed a 220 KW demonstration project utilizing its flexible solar panels, in partnership with Trina Solar. In this project,...
-
Canadian Solar has supplied solar modules for an 8.5 MW power plant in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. Berlin-based saferay expects to complete the project next month. With this cooperation to build the Lindenhof...
- Kyocera Tcl Completes Work On Floating Mega-solar Plants
Article originally published in http://www.greentechlead.com/, on april 21st 2015Kyocera TCL Solar has completed construction of two floating mega-solar power plants in Kato city, Hyogo Prefecture, Japan.The joint venture company formed by Kyocera...
- Ikea Invests In Rooftop Pv Plants
Article published on www.solarserver.com/solar-magazine/solar-news/ on March, 13 2013. IKEA completes 38th US rooftop PV plant at Massachusetts storeIKEA has installed more than 250,000 solar panels on buildings across the world On May 9th,...
Green Energy
Warren Buffett is getting into the solar business
Warren Buffett is getting into the solar business by buying one of the world’s largest solar PV plants – the $2 billion Topaz project under development in southern California.
Buffet’s utility, MidAmerican Energy Holdings, is making the acquisition – the 550 megawatt (MW) project is being developed by First Solar using its thin-film solar panels. First Solar will also operate the plant after it comes online in early 2015.
First Solar was unable to get a Dept of Energy (DOE) loan gurantee for the project.
Topaz “demonstrates that solar energy is a commercially viable technology without the support of governmental loan guarantees,” says Greg Abel, MidAmerican CEO. “The utility will seek to add more assets of this type to its unregulated portfolio.”
“The reason for the move from wind to solar is very simple,” says Gerard Reid, an analyst with Jefferies told Bloomberg. “Tax credits for wind in the U.S. expire at the end of next year, while solar ones run till 2015.”
He notes that solar is a much safer bet than wind because there’s less maintenance and weather risk.
MidAmerican, on the other hand, says the Topaz purchase is a “strategic move” that builds on its experience with wind energy, reports Bloomberg. The company has become one of the larger wind producers – it owns over a dozen US wind farms that produce at least 1.5 gigawatts of electricity. It also has a stake in Chinese electric car manufacturer BYD Company.
Original Article on SustainableBusiness.com
- 8mw Deal For Canadian Solar
Canadian Solar has supplied more than 8MW of solar modules to groSolar for three utility and commercial photovoltaic projects in the United States.All three projects use Canadian Solar’s CS6p module. The largest project is a 6MW plant currently...
- Xunlight Partners With Trina Solar On Pv System
Toledo, Ohio United States Xunlight Corporation, a manufacturer of flexible and lightweight thin-film silicon solar modules has completed a 220 KW demonstration project utilizing its flexible solar panels, in partnership with Trina Solar. In this project,...
-
Canadian Solar has supplied solar modules for an 8.5 MW power plant in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. Berlin-based saferay expects to complete the project next month. With this cooperation to build the Lindenhof...
- Kyocera Tcl Completes Work On Floating Mega-solar Plants
Article originally published in http://www.greentechlead.com/, on april 21st 2015Kyocera TCL Solar has completed construction of two floating mega-solar power plants in Kato city, Hyogo Prefecture, Japan.The joint venture company formed by Kyocera...
- Ikea Invests In Rooftop Pv Plants
Article published on www.solarserver.com/solar-magazine/solar-news/ on March, 13 2013. IKEA completes 38th US rooftop PV plant at Massachusetts storeIKEA has installed more than 250,000 solar panels on buildings across the world On May 9th,...