New Hampshire, USA — Four months after announcing it would put its U.S. wind business on the auction block, BP reportedly is calling off the prospective sale, saying that it has determined that the timing isn’t right — though the fate of that business remains undetermined.
After receiving an undisclosed number of bids, “the company has determined that now is not the right time to sell the business,” said Matt Hartwig, a spokesperson for BP America and its Alternative Energy business, in an e-mail exchange. He wouldn’t address details of the sale process, its participants, or the bids that BP received, which he characterized as “commercially sensitive.”
BP’s wind businesses here in the U.S. encompasses 2.6 gigawatts (GW) of generating capacity spread across 16 farms in operation across nine states (Texas, Indiana, Colorado, Kansas, California, South Dakota, Idaho, Hawaii, and Pennsylvania), with another ~2 GW of projects in development “nearly shovel-ready,” according to the company.
Written by James Montgomery. To read the full article, click here.
Former President Bill Clinton says using solar energy to power U.S. homes will take collaboration between contracting companies, government agencies, and public utilities. [Bloomberg Businessweek]
Lolly Wolly Doodle, which sells children’s clothing online, raised $20 million in venture capital from Steve Case’s Revolution Growth and others, writes Yuliya Chernova. [Wall Street Journal]
The House Committee on Financial Services held a hearing on helping small businesses raise capital, according to Mohana Ravindranath. [Washington Post]
Written by Patrick Clark. To read the full article, click here
“It sounds obvious: put solar panels on a movable mount to follow the sun and catch as much sunlight as possible. But applying solar trackers to a project is not clear cut. Developers not only have to consider cost and location but the type of tracker that best suits the project. Yet as innovations in technology continue, trackers are starting to play a larger role in the industry.
Fixed, Single or Dual
Solar panels are typically mounted at a fixed angle. Such systems have few parts, so are less costly than those with trackers and have fewer operations and maintenance (O&M) considerations.”
Written By: Meg Cichon To read full article click here
“A five-megawatt solar project planned on 40 acres at San Diego State University’s Imperial Campus in Brawley has secured a $19.2 million construction loan from North American Development Bank.
NRG Solar will supply renewable power from the project to the Imperial Irrigation District under a 25-year power purchase agreement. NGR has hired Boeing to engineer and construct the solar park.”
Written By: Mike Freeman To read full article click here
“The millionth solar panel has been installed at a sprawling desert power plant that will feed energy to San Diego-area utility customers as soon as late spring, the project developer said Tuesday.
Omaha, Neb.-based Tenaska announced the milestone at its Imperial Solar Energy Center South, a utility-scale photovoltaic solar plant taking shape across nearly 950 acres of private agricultural land southwest of El Centro, adjacent to the U.S. border with Mexico.”
Written By: Morgan Lee To read full article click here
Two of the world’s solar energy leaders have just announced major plans to bring new solar energy technology and green jobs to San Diego. The Sanyo Electric group has embarked on a three year, $3 million partnership with the University of California, San Diego on next-generation solar energy systems and management, and in a separate development, solar cell efficiency wizard Kyocera has started up a solar module manufacturing plant in the city, aiming to produce about 30 megawatts annually.
Written By : Tina Casey To read full article click here
“NEW DELHI: To give a boost to its efforts to bring down the cost of solar power in India, Ministry of New and Renewable Energy (MNRE) is planning to roll out large megawatt size solar power projects, in the order of 500 MW and above.
“”We want to bring in volume in the Indian solar sector. Several states have already rolled out mega-sized solar power projects, its needs to be done at central level too,”” said Tarun Kapoor, joint secretary, MNRE. Till yet MNRE has tendered projects of size 50 MW through National Solar Mission, though several states have either commissioned or executing solar power projects of larger size to meet their escalating demand of power.
Written By : Shreya Jai To read full article click here