Google pumps $12M into African solar energy project

The investment totals $12 million and marks the search company’s first investment in Africa. “Given South Africa’s position as an economic powerhouse in Africa, a greener grid in South Africa can set an example for the whole continent.”

Saudi Arabia uses your gas dollars to fund solar energy

Later this year, Saudi Arabia is expected to approve very ambitious plans for a massive array of renewable energy projects. The first installations should be completed next year.

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Despite falling solar prices, experts say U.S. remains “rare bright spot”

Solar panel prices have fallen more than 40 percent this year to $1.30 per watt, well below the high of $3.50 per watt they hit in 2008. But that shouldn’t scare clean technology investors interested in U.S.-based solar providers, where the solar panel market is predicted to double this year, according to the Solar Energy Industries Association (SEIA).

Are solar panel manufacturing component prices falling fast enough?

The price of polysilicon, a key component in manufacturing solar panels that capture sunlight and convert it to electricity, fell 5.1 percent to $74.4 per kilogram from $78.19 last month. Still, the decline is smaller than expected and the current prices could hurt profit margins for solar panel manufacturers that rely on crystalline silicon panels.