May 22, 2009 |
Pacific Gas & Electric Co., the utility owned by PG&E Corp. of San Francisco, won approval from regulators for a solar power contract with Sempra Generation, a unit of Sempra Energy of San Diego. Under a 20-year contract, Pacific Gas will buy power from a 10-megawatt photovoltaic solar plant in Boulder City, Nev. Sempra and First Solar Inc. said in April that they would expand the facility by 48 megawatts using First Solar's thin-film technology. The California Public Utilities Commission approved the contract at its meeting in San Francisco.
June 23, 2012 |
Shares of First Solar soared after the biggest maker of thin-film solar panels got permission to continue construction on a $1.36-billion power project in Los Angeles County. Shares of First Solar Inc. soared after the biggest maker of thin-film solar panels received permission to continue construction on a $1.36-billion power project in Los Angeles County. First Solar had the biggest increase among the companies in the Standard & Poor's 500 index Friday, rising 9.2% to $15.88.
February 27, 2013 |
Situated in the southeastern corner of California, bordering Arizona and Mexico, Imperial County has long depended on agriculture and cash crops that grew from the good earth. But lately the region - which carries the dubious distinction of having the state's highest unemployment rate at 25.5% - is betting its future on a different kind of farm: green energy. Spurred by a state mandate that requires utilities to get a third of their electricity from green sources by 2020, renewable energy companies are leasing or buying thousands of acres in Imperial County to convert to energy farms providing power for coastal cities - bringing an estimated 6,000 building jobs and billions in construction activity to the county.
August 28, 2011 |
Taking advantage of greatly reduced stock prices is a tricky business. One strategy is to find an investment area so certain to grow that it will be around long after market traumas subside. Green investing, which offers the added potential that innovative companies will get snapped up by bigger firms, could be one of those areas. Buying stocks of firms that play a significant role in the environment and energy conservation can be highly speculative, as indicated by the beatings so many have taken this year.
November 24, 2010 |
The Los Angeles County Board of Supervisors denied a request from Northrop Grumman Corp. to delay final approval of a major solar project in the Antelope Valley near the military contractor's facility for testing radar-evading stealth aircraft. On a voice vote, supervisors rejected Northrop's appeal Tuesday, opting to let plans for the 2,100-acre complex of photovoltaic solar panels proceed. Final approval is expected Dec. 7. The company argued that the project would "adversely impact the military mission" of the sensitive, 1970s-era testing center, just south of the Tehachapi Mountains in Kern County.
December 7, 2011 |
Warren Buffett's MidAmerican Energy Holdings utility agreed to buy the $2 billion Topaz project in California, branching into solar power after the industry was battered by stock markets around the world. The Topaz Solar Farm will be one of the world's largest photovoltaic power plants and is being developed by the seller, First Solar Inc. of Tempe, Ariz. Terms weren't disclosed. The project's 550- megawatt capacity is equal to about half a new nuclear reactor. Buffett's Iowa-based utility, which entered clean energy buying U.S. wind farms and a stake in Chinese electric-car producer BYD Co., struck the deal Wednesday after First Solar failed to get a U.S. government loan guarantee for the project that will use First Solar's thin-film solar panels.