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Cheaper solar prices to drive U.S. solar boom in next five years

In the next five years solar energy will be cheaper than power from the grid in most of the United States, with solar panel and installation costs moving down while transportation costs of electricity move up, experts predict. Eric Graber-Lopez of BlueWave Capital and former Carbon War Room chief executive Jigar Shah, both set to be speakers at “The Solar Future Eastern USA '12” conference, shared some early insights on the issue.

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Alta Wind gets $650 million for next construction phase

Renewable energy company Terra-Gen Power, LLC has closed $650 million in construction financing for the next phases of their 1.55 gigawatt Alta Wind Energy Center in Tehachapi, California. The financing will be used to complete the 168 megawatt Alta Wind VII and 132 MW Alta Wind IX projects at the Alta Wind facility.

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Ex-Im Bank approves $80-million loan for Asia’s largest CSP

An $80.32 million direct loan for the acquisition of concentrated solar power technology for Reliance Power’s solar project in Rajasthan in northwest India was approved by the board of directors of the Export-Import Bank of the United States. The project, "Rajasthan Sun Technique Energy Private Limited," is a subsidiary of Reliance Power Ltd. and is being co-financed by the Asian Development Bank and FMO, the Dutch development bank.

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U.S. retakes lead in clean energy investments from China – Pew

The United States reclaimed the top spot from China in a global race to secure private clean energy finance and investment, according to a report from Pew Environment. The United States brought in $48 billion in investments last year largely due to investors taking advantage of the country’s stimulus programs before they expired at the end of 2011. The investments refer to combined venture capital, private equity and R & D money.

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San Francisco named ‘Cleantech Capital’ of North America

With 208 clean technology companies and investors calling it home, San Francisco is now the “Cleantech Capital of North America,” according to cleantech industry research firm Cleantech Group. “Cleantech Group is proud to name San Francisco the ‘Cleantech Capital of North America’ in recognition of the City’s ongoing support for all things clean and green,” said Cleantech Group chief executive Sheeraz Haji, presenting the award to Mayor Edwin M. Lee during the 10th Cleantech Forum conference held in San Francisco this week.

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Chinese solar panel manufacturers react to U.S. trade tariff

Raising issues from the general stability of the solar power industry to delays in solar power adoption, a number of Chinese solar manufacturers expressed their opposition to the United States Department of Commerce’s decision to impose new import fees on China-made solar panels. Nan Cunhui, chairman of Zhejiang-based Chint Group Corporation, said the decision would “wreak havoc” on the industry. "The impact of the ruling will be very severe, if not devastating. Those small domestic producers who are manufacturing products under another company's brand are more vulnerable to the impact [of the ruling]."

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SolarCity, Rabobank extend collaboration with $42.5 million for solar

SolarCity, which installs and maintains solar projects for residential, business and government customers, and financial services company Rabobank are providing a $42.5 million fund for solar projects in California. The two will fund over 30 commercial solar projects, the continuation of an earlier partnership that has seen solar projects installed to power electric vehicles in Los Angeles and San Francisco and at Rabobank branches in California.

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Global solar, wind and biofuel up 31% despite economic troubles

The global solar photovoltaics, wind power and biofuel sectors weathered the global economic turbulence to reach revenues of $246.1 billion in 2011, a 31 percent increase from $188.1 billion in 2010. Clean technology research and advisory firm Clean Edge, Inc.’s report “Clean Energy Trends 2012” indicates that the bulk of the increase came from double-digit growth rates in both wind and solar deployment. The global market for solar photovoltaics (including modules, system components, and installation) increased 29 percent, from $71.2 billion in 2010 to $91.6 billion in 2011.

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Gevo responds to Butamax’s patent infringement claims

Responding to the lawsuit filed by Butamax Biofuels claiming Gevo has infringed one of its patents, renewable chemicals and advanced biofuels company Gevo, Inc. denied the accusation. The case involves concerns U.S. Patent No. 8,129,162 covering commercially relevant recombinant KARI enzymes. The disputed patent is vital to the advancement of biofuels as it offers producers an efficient production pathway for the low-cost manufacture of biobutanol.

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MiaSolé secures $55 million in funding for its CIGS panels

Thin-film photovoltaic manufacturer MiaSolé secured $55 million in new funding. “This additional investment will allow us to take the company to the next level and we are focused on aggressively building the commercial side of our business with both our traditional glass-on-lass and flexible products,” said chief executive John Carrington in a statement. The company did not release details regarding funding source.

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