Acquisition announced for solar power supplier Vivint Solar
On July 20, SunEdison, the world's biggest renewable energy development firm, along with TerraForm Power, an owner and operator of clean energy power plants, announced the acquisition of Vivint Solar, a major supplier of residential solar systems in the U.S.
The merger will be worth approximately $2.2 billion in cash as the two major solar companies acquire the residential solar firm. Additionally, SunEdison has agreed to enter a power purchase agreement with TerraForm Power. Roughly 523 megawatts of solar power will be installed by Vivint Solar by the end of 2015, which will now all be moved over to SunEdison.
Through the $922 million power agreement, TerraForm Power will install the solar panels for residential solar protections through a "10-year average levered cash-on-cash yield of 9.5 percent," the release stated. Also, TerraForm Power will obtain future small commercial solar and completed residential projects from SunEdison's Residential and Small Commercial business unit. Cont'd...
Leveraging Simple Solar Installations for Optimized Land Use
Featuring the Cap-Rack™ System by DCE Solar
New Material to Increase Solar Cell Efficiency
A team of researchers has come up with a solar cell that produces fuel rather than electricity. A material called gallium phosphide enables the solar cell to produce clean fuel hydrogen gas from liquid water.
To connect an existing silicon solar cell to a battery that splits the water may well be an efficient solution; but it is very expensive.
So, researchers were streamlining their search to a semi-conductor material that is able to both convert sunlight into an electrical charge and split water.
The team found gallium phosphide (GaP), a compound of gallium and phosphide, useful in this respect.
GaP has good electrical properties but the drawback is that it cannot easily absorb light when it is a large flat surface as used in GaP solar cells, said the study thatappeared in Nature Communications.
The researchers overcame this by making a grid of very small GaP nanowires, measuring five hundred nanometres (a millionth of a millimetre) long and ninety nanometres thick.
"That makes these kinds of cells potentially a great deal cheaper," said lead author Erik Bakkers from Eindhoven University of Technology, the Netherlands. Cont'd...
President Obama's Low-Income Solar Initiative
There have been enough successful low-income solar pilot programs at the state and federal level that it is now possible to launch a larger initiative with confidence that it can succeed.
Intersolar 2015 Tradeshow Report
AltEnergyMag.com has once again partnered with Intersolar to bring all the industry news and exciting new products to help our readers make sense of this key tradeshow. Here we have compiled a list of some product releases from this years show.
Intersolar 2015 - Special News Report
News and Product Announcements from InterSolar North America 2015
New at Intersolar - Single-axis Tracking System for Utility-Scale Solar
The use of a tracking system for a utility-scale project not only reduces LCOE, but also provides more usable power by broadening the power production curve to provide a smoother flow of energy from dawn to dusk.
Modeling Microinverters and DC Power Optimizers in PVWatts
PVWatts performs simplified PV system performance calculations using information about the array's geographic location, orientation, and a set of user-input loss factors
South getting its first wind farm soon as bigger turbines make the region viable
By JASON DEAREN, Associated Press: On a vast tract of old North Carolina farmland, crews are getting ready to build something the South has never seen: a commercial-scale wind energy farm.
The $600 million project by Spanish developer Iberdrola Renewables LLC will put 102 turbines on 22,000 acres near the coastal community of Elizabeth City, with plans to add about 50 more. Once up and running, it could generate about 204 megawatts, or enough electricity to power about 60,000 homes.
It would be the first large onshore wind farm in a region with light, fluctuating winds that has long been a dead zone for wind power.
After a years-long regulatory process that once looked to have doomed the plan, Iberdrola spokesman Paul Copleman told The Associated Press that construction is to begin in about a month.
Right now, there's not a spark of electricity generated from wind in nine states across the Southeast from Arkansas to Florida, according to data from the American Wind Energy Association, an industry trade group.
But taller towers and bigger turbines are unlocking new potential in the South, according to the U.S. Department of Energy, and the industry is already looking to invest. Cont'd...
Solar Heating Combined with a Ground Heat Pump Is a Cost-efficient, Ecological Solution
Solar power was particularly efficient when combined with ground heat in terms of the profitability of investments.
Solar Powered Water Pumping: Combining two hot topics, Water and Solar
A solar powered water system is one of the easiest solar power systems to install and will ultimately save you time and money.
Obama Plan Would Give Poor Easier Access to Solar Energy
The Obama administration on Tuesday announced an initiative to help low- and middle-income Americans gain access to solar energy, part of a series of steps President Obama is taking to tackle climate change, according to administration officials.
The administration said it intends to triple the capacity of solar and other renewable energy systems it installs in federally subsidized housing by 2020, make it easier for homeowners to borrow money for solar improvements and start a nationwide program to help renters gain access to solar energy, the officials said.
The actions were announced in Baltimore by Brian Deese, Mr. Obama’s senior adviser for climate issues, and Representative Elijah E. Cummings, the Democrat who represents the city.
Mr. Deese, in a conference call with reporters, called the moves “part of a bigger-picture effort to try to drive innovation” toward cleaner, low-carbon energy solutions.
Also unveiled on Tuesday were commitments totaling more than $520 million from charities, investors, states and cities to pay for solar and energy-efficiency projects for lower-income communities. Cont'd...
New benches that'll use solar power to charge your phone
This is the "Strawberry bench". The solar-powered smart bench (yes, really) collects energy via a solar panel on its roof, and uses it to power a range of functions: monitoring air quality, disseminating information about the local area, offering free power-ups for the phones of passers-by.
This summer, four of these benches will be installed around Canary Wharf, the privately-owned office and retail estate at the heart of London's Docklands. The concept was the winner of the "Cognicity Challenge", a competition intended to find innovative proposals to use technology to create smarter urban environments (and, as a side effect, make everyone feel all warm and fuzzy towards the Canary Wharf Group).
The name, incidentally, has nothing to do with actual Strawberries. The company behind them is Belgrade-based Strawberry Energy, whose previous products include the "Strawberry Tree", a vaguely familiar solar-powered mobile phone charge and wifi hub with a bench attached to it. Both products were the work of architect Milos Miliojevic.
5 Things You Should Know Before Installing Solar Panels
Pay too little and you risk a dodgy product and no after-sales service. Pay too much and you'll end up waiting 10 years just to recoup your cost!
Is India Ready to Be a Solar Power Leader?
By RUPA SUBRAMANYA for ForeignPolicy.com: Is India ripe for a renewable energy revolution? Foreign investors certainly seem to think so, and renewables have been a signature issue for Prime Minister Narendra Modi. But if revolution is indeed underway, it isn’t a spontaneous one. And taxpayer money — not just from India — is fueling the surge.
New Delhi’s renewable energy aspirations recently received a major boost when Japan’s SoftBank announced a joint venture with Indian conglomerate Bharti Enterprises and Taiwan’s Foxconn Technology Group to create a new, Japanese-owned company that will bid on power contracts in India’s growing solar sector. Renewable energy, including solar, is a priority for Modi and has been since before he became the country’s leader last year. “The time has arrived for a saffron revolution, and the color of energy is saffron,” he saidon the campaign trail in 2014, attempting to symbolically link the sacred color of Hindus and his Bharatiya Janata Party with his energy dream. This joint venture is the first major announcement by a foreign investor that could help make that dream a reality. Cont'd...
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Solar & Wind - Featured Product
Solar FlexRack - TDP 2.0 Solar Tracker with BalanceTrac
Solar FlexRack's latest solar tracker technology bundles an advanced tracker design with a full team of seasoned engineering and installation experts at your service. The next-generation solar tracker delivers a package of features that both enable increased energy yields for commercial and utility-scale solar installations, and significantly reduce project risks. That translates to smart installation cost-savings across your project budget.
