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BUSINESS
September 23, 2011 | By Ken Bensinger and Alexa Vaughn
The Department of Energy granted final approval to three new loan guarantees for green energy projects, even as it faced continued scrutiny over $528 million in government loan assurances to solar panel maker Solyndra, which went bankrupt. The new guarantees were announced Friday after executives of Solyndra invoked their 5th Amendment privilege against self-incrimination before a congressional subcommittee investigating the loan guarantee process. Meanwhile, two other solar companies said they would probably not get funding under the same program, despite earlier promises from the government.
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CALIFORNIA | LOCAL
February 23, 2009 | Dan Weikel and David Zahniser
After buying 17,750 acres in Palmdale for an intercontinental jetport that has not gotten off the ground, Los Angeles airport officials say they might finally have a use for much of the property: a solar power facility capable of generating up to 100 megawatts of clean energy.
BUSINESS
November 15, 2013 | By Shan Li
Google Inc. plans to invest $80 million in six utility-scale solar facilities in California and Arizona as the tech behemoth continues to put money toward alternative energy projects. The Mountain View, Calif., company will partner with solar developer Recurrent Energy and private equity firm KKR & Co. on the projects, which are estimated to generate enough combined electricity to power more than 17,000 homes, Google said in a blog post. "You'd think the thrill might wear off this whole renewable energy investing thing after a while," Google wrote on its official blog.
CALIFORNIA | LOCAL
October 28, 1985 | TOM GORMAN
When a 30-acre electricity farm was constructed here 18 months ago, there were suggestions that the solar energy industry was about to come of age. The La Jet Energy Co. of Abilene, Tex., one of a handful of companies across the United States investing in solar energy research in a big way, hoped that its field of 700 solar concentrators, pointing upward like so many giant sunflowers, would not only help generate electricity but actually become a source of profit.
BUSINESS
December 8, 2011 | By Ronald D. White, Los Angeles Times
The agreement by investor Warren Buffett's MidAmerican Energy Holdings to buy a $2-billion photovoltaic farm in San Luis Obispo County could bring a ray of financial sunshine to the battered solar-energy industry. The scale of Buffett's foray into this sector of the renewable energy scene is considerably more modest than his $34-billion purchase of BNSF Railway, but it could provide the same kind of boost to the solar power business that the 2009 acquisition did to the railroad industry, experts said.
OPINION
January 2, 2010
Something to hide? Re "Policy thins the ranks in L.A. gang units," Dec. 28 What are these officers afraid of? In most government service, strict rules govern income from other jobs and basic financial disclosure. Avoiding duty just to get around such disclosure seems akin to refusing drug and alcohol tests. It should be setting off alarms all over the Los Angeles Police Department. Have we learned nothing since Rampart? Ron Hardcastle Los Angeles The right way to site solar Re "A Mojave power failure," Editorial, Dec. 26 I was disappointed to read your editorial lauding Big Solar as the solution to the planet's problems and conservation as the enemy.
OPINION
December 10, 2009 | By Judith Lewis
Seventeen years ago, Donna and Larry Charpied went to court to protect their backyard. The couple live and farm on a small plot of land in the Mojave Desert, not far from the southern border of Joshua Tree National Park. In 1992, they learned that a former mining company, Kaiser Ventures, was maneuvering to store 20,000 tons of garbage in an old mining pit nearby. Fearing it would ruin the fragile landscape on which they had staked their future, they bought a how-to book on environmental law and set out to stop it. There's a term for people like the Charpieds: NIMBY.
BUSINESS
January 9, 2010 | By Todd Woody
ESolar Inc. of Pasadena signed an agreement Friday to build a series of solar thermal power plants in China with a total capacity of 2,000 megawatts, in one of the largest renewable energy deals of its kind. Coming four months after an Arizona company, First Solar, secured a contract to build an equally large photovoltaic power plant in China, the ESolar deal signals China's emergence as a major market for renewable energy. "They're moving very fast, much faster than the state and U.S. governments are moving," said Bill Gross, ESolar's chairman and the founder of Idealab.
BUSINESS
March 3, 2009 | Marla Dickerson
Stunted by the nation's credit freeze, troubled OptiSolar Inc. of Hayward, Calif., has agreed to sell its portfolio of unfinished solar farms to one of the hottest firms in the solar industry. First Solar Inc. said Monday that it would pay OptiSolar $400 million in First Solar stock to buy the outstanding projects, which the Tempe, Ariz., company intends to complete. The portfolio includes a planned 550-megawatt facility in San Luis Obispo County known as the Topaz Solar Farm.
NATIONAL
October 28, 2009 | Christi Parsons
President Obama declared today that a "consensus is building" around climate change legislation and characterized opponents as preoccupied with the past instead of a "clean energy future." Standing on the edge of a large solar-power farm, Obama urged the Senate to pass a measure that caps carbon emissions -- and to set aside arguments that it would harm the economy and costs jobs. "The closer we get, the harder the special interests are going to fight," Obama said, with the sun glinting off acres of Florida Power & Light Co. solar panels behind him as he spoke to the utility's employees.
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