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Capital Dynamics has invested in a 5.7MW solar project located in Massachusetts. The project will be, according to the company, will be one of the largest solar projects in New England upon its completion, using more than 20,000 solar modules. It will sell the power produced to three investment-grade rated municipal entities under a 20-year net metering credit agreement. Construction is expected to be completed by early this summer.
The California Public Utilities Commission (CPUC) announced that it has approved a 20-year PPA between Southern California Edison (SCE) and First Solar. The PPA includes solar energy from First Solar’s Silver State Solar Power South project, a 250MW solar project in Clark County, Nevada, which is scheduled to come on line in May 2017. The companies advised that the cost of the deal remains confidential at this time.
Photon International Magazine has awarded Kinglong New Energy (KLNE) an “A” grade for its Sunteams 5000 inverter, which is part of the Sunteams range of 1.5KW to 5KW units.
CPV provider, Alpha-Omega Power Technologies, has announced that Taiwanese company Solapoint has purchased its GEN2 solar simulator.
At the end of last year Hawaii installed its largest PV system; continuing its renewable energy efforts, Honeywell Building Solutions will be running a two-year pilot program with Hawaiian Electric. Honeywell will use this time to demonstrate how demand response technology can help to integrate more intermittent renewable energy to the electric grid, in order to maintain grid reliability as Hawaii reduces fossil fuel dependence.
PV inverter manufacturer, Power-One reported net sales of US$267 million, with Renewable Energy Solutions contributing US$191 million and Power Solutions segment sales reaching US$76 million for the fourth quarter of 2011. Driving sales was greater market penetration in the utility-scale sector in North America and Asia-Pacific, as revenue in these regions increased to 25%, compared to 17% in the prior quarter. Power-One had sales of 829MW of PV inverters in the fourth quarter.
Fotones de Chile has revealed plans to establish a 180MW project - the country’s largest to date - consisting of six 30MW PV power plants in the town of Maria Elena in the Tocopilla province of Antofagasta. Work is scheduled to begin later this year, pending all necessary permissions. The project is entitled Planta Fotovoltaica Encuentro Solar, and will involve the installation of close to 2.5 million PV modules.
Chadbourne & Parke lawyers closed more than US$20 billion in project finance deals in 2011, including the world’s largest IPP project being built in Saudi Arabia, claims the firm. Highlights in 2011 included; working with developers and lenders on the first expansion in nuclear power in the US in 30 years and work for major developers and banks across the entire range of solar power technologies.
Istanbul-based energy company Merk Solar Enerji Çözümleri San. ve Tic. Ltd. Şti. has teamed up with Gehrlicher Solar to establish a joint-venture company to expand the ground- and roof-mounted solar power plant market in Turkey and neighbouring countries. Both of the component companies will have an equal share in the new partnership.
SunPower, Joint Venture Silicon Valley and Wells Fargo have teamed-up to construct three solar parking canopy systems for Santa Clara Valley Transportation Authority (VTA), totalling 2.1MW. Using a Power Purchase Agreement to finance the systems, it is anticipated that VTA will save US$2.7 million in electricity costs over the next 20 years.
