Google Is Making Its Biggest Ever Bet on Renewable Energy
Google Inc. is making its largest bet yet on renewable energy, a $300 million investment to support at least 25,000 SolarCity Corp. rooftop power plants.
Google is contributing to a SolarCity fund valued at $750 million, the largest ever created for residential solar, the San Mateo, California-based solar panel installer said Thursday in a statement.
Google has now committed more than $1.8 billion to renewable energy projects, including wind and solar farms on three continents. This deal, which may have a return as high as 8 percent, is a sign that technology companies can take advantage of investment formats once reserved only for banks.
“Hopefully this will lead other corporations to invest in renewable energy,” SolarCity Chief Executive Officer Lyndon Rive said in a phone interview.
The deal reflects the success of renewable energy companies in tapping into a broader pool of investors with financial products that emerged in the past three years, either paying dividends or sheltering cash. Those helped boost investment in clean energy 16 percent to a record $310 billion last year, according to data compiled by Bloomberg.
First Solar, Inc. Successfully Completes The Atlas 25+ Testing Program
The Atlas 25+ protocol is a proprietary multi-dimensional durability test program designed to subject photovoltaic modules to the environmental degradation stresses, which can be expected over long-term service.
Panama confirms 80MW of installed PV solar capacity as the country moves to diversify its power matrix
Panama continues to see a 6.0% energy consumption growth rate year on year and continues to seek new and cost effective ways to meet this demand.
REC Group and Sunrun Increase Solar Panel Supply Agreement to 100 Megawatts
"REC is committed to consistently delivering volume quantities of its high quality panels"
NRG Home Solar Has Launched Operations in North Carolina
NRG Home Solar Expands into "Tar Heel" state; Brings New Solar Jobs to Region
SEIA Applauds Decision to Veto Anti-Solar Bill in West Virginia
This legislation would have had the practical effect of stymying – if not killing – the growth of rooftop solar in West Virginia.
CALIFORNIA FOOD DISTRIBUTOR GOES SOLAR, SAVES BIG
The new 176-kilowatt (kW) solar system at Tiao Peng Trading, Inc. in Hayward, CA will eliminate the company's steep electric bills and yield approximately $2 million in savings over the life of the system.
Hitachi and Demansys Launched Demonstration of "CrystEna" Energy Storage System
The first North American deployment of CrystEna
Boost for Scotland's renewables industry from first UK green power auction
In total, 11 of 27 renewables projects which will receive a contract for the electricity they produce are in Scotland – enough to power the equivalent of more than 600,000 homes
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Offshore wind project allocated funding – laying foundations of new industry
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Onshore wind now around 10% cheaper than nuclear power
Solar gets little in Government's new auction system
Most popular and soon-cheapest renewable loses out in scheme which favours big players.
‘Disappointing but predictable' result requires change to next October auction
Outcomes of First CfD Allocation Round – REA Reaction
While welcoming the conclusion of the Allocation round in line with the intended timetable, the REA has consistently expressed concerns regarding the implementation of CfD policy and how the allocation process operates.
IRENA workshop to develop energy storage roadmap, expand renewable energy worldwide
Experts from politics, industry and science gather at Energy Storage Europe to discuss plans for the expansion of global renewable energy storage
Siemens highlights cost-cutting innovations for offshore wind at European trade show
New advancements in wind turbine technology
---- Major breakthrough in reducing grid access costs
---- Innovative offshore logistics concepts for turbine maintenance
Panasonic Developing Comprehensive, Smart Energy Solution For Cellular Towers and Wi-Fi Sites
Working with PowerOasis, Panasonic highlights Green Tower solution that integrates smart energy generation, storage and remote asset management software
Array Technologies Secures Supply Agreement for 104 MW (dc) Utah Red Hills Renewable Park
Scatec Solar Contracts Array Technologies and Swinerton Renewable Energy to Build Utah's largest solar plant
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