First Solar Achieves World Record 18.6 % Thin Film Module Conversion Efficiency

First Solar set a world record for cadmium-telluride (CdTe) PV module conversion efficiency, achieving 18.6 percent aperture efficiency for an advanced full size module. For the first time ever, First Solar has demonstrated a record module that is more efficient than the best multi-crystalline module recorded. The record has been measured and certified by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL).

SunEdison Signs Definitive Agreement to Acquire GME from Actis and Mesoamerica Power

SunEdison signed a definitive agreement to acquire 100 percent of Globeleq Mesoamerica Energy (GME), Central America's leading renewable energy company. SunEdison will acquire a 70 percent interest in GME from Actis, a market private equity investor focused on the energy sector, and a 30 percent interest from Mesoamerica Power Limited.

Natural Gas: Pathway to Freedom?

New studies say natural gas is providing much-needed economic and environmental hope. True?

A decade ago, America’s life changed. That’s when the country began to reap the benefits of unconventional oil and natural gas, making it the world’s largest such producer.

Not only had the nation found itself awash in a cleaner burning generation fuel but it had also started attracting new investment in the chemical and manufacturing sectors. It’s truly been a win-win scenario as the United States has both brightened its economic prospects while also cleaned its environment, having reduced its carbon emissions by 10 percent from 2005 levels.

EPA Blesses Fracking

Natural gas producers today have the wind at their backs, with production rising as America turns to cleaner energy. But any misstep could set the industry back, which is why it needs to work closely with the White House and the environmentalists, both of which have real concerns.

The Environmental Protection Agency’s recent study on hydraulic fracturing (“fracking”) appears really as just a careful continuation of what it has been saying all along – that the drilling techniques used to retrieve shale gas are pretty safe. Thus, while it hedged a little, EPA emphasized that there’s no “widespread” problems associated with fracking and drinking water supplies.

Southern Sees the Light

More than 95 percent of consumers will still be connected to the centralized network for the foreseeable future. But it won’t diminish the trend toward distributed generation – and the attempts by both unconventional parties and power companies from getting into related businesses.

When most people think of Georgia and energy, they think of Southern Company and coal. Well, all that’s changing now that the state is about to embrace a new law on July 1 to allow utilities to sell rooftop solar energy.

Transactions (June 2015)

Duke Energy completed the sale of its non-regulated Midwest Commercial Generation Business to Dynegy for $2.8 billion; Sempra U.S. Gas & Power acquired the Black Oak Getty wind project in Minnesota from Geronimo Energy; Dominion acquired a 20-MW solar facility in California from E.ON North America; Plus debt offerings from Alabama Power, CONSOL Energy and Appalachian Power.

Digest (June 2015)

Duke Energy completed the sale of its non-regulated Midwest Commercial Generation Business to Dynegy for $2.8 billion; Sempra U.S. Gas & Power acquired the Black Oak Getty wind project in Minnesota from Geronimo Energy; Toshiba received an order to supply two sets of 175-MW steam turbine and generators in Chihuahua, Mexico; Alstom Grid was awarded a $23 million contract to supply the first 500 kV substation a substation near Bogota, Colombia; SunEdison agreed to construct and install three solar power plants in southern Utah with a total capacity of 262 MW; Mississippi Power plans to build utility-scale solar farms with a combined capacity represent the largest solar installation in the state; Phoenix Energy's joint venture, North Fork Community Power's project was awarded a $4.9 million grant to construct one of the first forest-sourced biomass gasification plants; Westinghouse Electric will increase the capacity of the cooling system at the Central Interim Storage Facility for Spent Nuclear Fuel (Clab) located in Sweden.