A tough legal and financial terrain is confronting producers, utilities and regulators.
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).
Southern Company subsidiary Southern Power acquired the 103-MW Butler solar facility from Community Energy. The facility, located on approximately 1,070 acres in Taylor County, Georgia, is expected to enter commercial operation in the fourth quarter of 2016. Construction is slated to begin in September 2015, with First Solar managing the building, operations and maintenance of the facility.
Southern Company subsidiary Southern Power plans to develop a 131- MW PV solar project in Georgia. The electricity and associated renewable energy credits (RECs) will be sold to three Georgia electric membership corporations. Southern Power has selected First Solar to be the EPC contractor for the facility. Construction of the plant is scheduled to begin in September 2015, and the project is expected to achieve commercial operation in the fourth quarter of 2016.
NRG Energy and MGM Resorts International completed installation of the world's largest rooftop solar array on a convention center;
Southern California Edison on November 5 announced the largest purchase of grid-connected energy storage in U.S. history. NRG Energy acquired Pure Energies Group; Duke Energy Progress filed with FERC for approval to purchase $1.2 billion in generating assets;
The U.S. Department of Energy authorized Bechtel to resume engineering work at a facility that will treat some of the nation's liquid radioactive waste; Burns & McDonnell plans to develop a grid stability awareness system;
Governor Andrew M. Cuomo announced the launch of New York's first energy management network operations center. And others...
NRG Energy acquired Pure Energies Group, a residential solar industry provider; Duke Energy Progress filed with FERC for approval to purchase the North Carolina Eastern Municipal Power Agency’s generating assets for $1.2 billion; Trina Solar Limited signed a share purchase agreement to sell a power plant to funds managed by Foresight Group LLP; AES entered into an agreement to sell its 49.62% equity interest in a joint venture in Turkey; Southern Power acquired the 150-MW Solar Gen 2 solar facility in California from First Solar; SolarCity is planning to launch what would be the first registered public offering of solar bonds in the US; and debt offerings from Dynegy and ComEd.
Southern Power acquired the 150-MW Solar Gen 2 solar facility in California from First Solar. The Solar Gen 2 facility is being built and will be operated and maintained by First Solar. Construction of the project began in 2013. Completion of the project is expected to occur later in the fourth quarter 2014. Southern Power will initially own 100 percent of the project, with First Solar agreeing to acquire a minority interest subject to certain terms and upon fulfillment of certain conditions.
First Solar received board approval from the Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, and IFC, a member of the World Bank Group, for financing to support construction of the 141-MW Luz del Norte solar power plant in Chile's Atacama Desert. The loans, which are expected to close later this summer, clear the way for First Solar to proceed with construction planning at the site, which is near the city of Copiapo. Terms of the deals were not disclosed.