Search giant Google is investing $280 million in SolarCity, a company that leases out solar panels to home owners, bringing its total investment in the clean technology sector up to $680 million.
Primus Power announced today that it has raised $11 million in its latest round of funding to finance its battery technology, which store energy and provide backup power for large power grids and “smart grids” — power grids that use advanced computer algorithms to efficiently distribute electricity and minimize loss of power.
Solar power energy startup SolarReserve is now the second major solar power company to secure a high-profile investment and move forward on a large solar power plant.
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.
First Solar is getting closer to securing loan guarantees for three solar panel plants that would add 1,300 megawatts of power worth of clean energy to the United States — a critical step in shoring up the potentially threatened American solar panel manufacturing industry.
Wind, solar and four other forms of renewable resources have the potential to outstrip energy demand by 2020 and replace fossil fuels as a power source, according to a new report by the United Nations.
Uncertainty about First Solar’s future operations led investors to smash the company’s shares in trading after the bell today after the company failed to grow its revenues in the first quarter this year — a sign of weakness for the last major independent solar panel manufacturer in the United States.
Investors were still pouring money into solar power ventures in April — with about 45 percent the $330 million invested in clean technology ventures pointed toward solar power startups.
Total, a French oil company, announced today that it will purchase a majority stake in solar panel manufacturer SunPower for $23.25 per share — bringing Europe’s third-largest oil company into the growing and hyper-competitive solar panel business.
Solar power provider BrightSource’s $250 million IPO is now riding on whether the company can wash mirrors and care for turtles.
So much for the not-in-my-backyard argument: California homes with solar panels installed on them sell for more than their panel-free counterparts, according to a study by the University of California at Berkeley.
The U.S. Department of Energy said today it will grant up to $130 million to renewable energy projects that can’t find funding from private investors.
The U.S. Department of Energy has awarded a $2.1 billion loan guarantee to Solar Trust of America for a solar thermal power plant near Blythe, Calif.
California Gov. Jerry Brown signed a new law today requiring power companies to generate 33 percent of all electricity from renewable energy sources like wind and solar power by 2020.
Google has invested $168 million into a solar power energy project led by BrightSource Energy in the Mojave desert in California, the search giant announced today.
General Electric has finished acquiring thin-film solar panel maker PrimeStar Solar and will build a 400-megawatt thin-film solar panel manufacturing plant in the U.S., the company announced today.
Google has invested €3.5 million (roughly $5 million) in a German 18.7-megawatt solar power plant in a small town near Berlin.
Investments in clean technology startups rose 13 percent in the first quarter this year in North America, Europe, China and India — to $2.57 billion from $2.28 billion in the first quarter of 2010 across 159 companies — according to a report by Cleantech Group.
China will ramp up its deployment of solar power and cut its power capacity target for nuclear power by 2020 in the wake of the nuclear crisis in Japan, according to the country’s National Development and Reform Commission.
General Electric will acquire Converteam, a company that specializes in technology that converts electricity to mechanical energy and vice versa, for a whopping $3.2 billion to improve its power transmission and management network.
An escalating crisis at nuclear power plants in Japan following a massive earthquake and tsunami has not changed the investing thesis about clean technology, according to a number of leading venture capitalists and researchers.
Call solar power the second best thing in clean energy. Solar power stocks have soared since concerns about a nuclear meltdown in one of Japan’s nuclear power plants have sent investors running to alternative clean energy companies.
SoloPower, a maker of flexible thin-film solar power panels, has raised $13.5 million in its fifth round of funding from Crosslink Capital and others, according to a recent filing with the Securities and Exchange Commission.
Production and installation of solar power fixtures grew 67 percent in the United States — but it wasn’t enough to keep up with booming demand and growth of the solar power industry in Europe, according to a new report by the Solar Energy Industries Association.
Stealthy solar startup Alta Devices has raised a whopping $72 million from one of the longest list of high-profile investors you might ever see, which includes the likes of Kleiner Perkins Caufield & Byers and New Enterprise Associates.
Here’s the latest action we’re following on the GreenBeat:
Cleantech startups are expecting that the market for distributed solar energy — installing individual solar panels where power is needed — is going to grow as quickly as the personal computer and cellphone markets.
Here are the stories we’re following today on the GreenBeat:
France’s second-largest solar power producer, Solaire, has raised $111.4 million in financing to build three solar plants with 20 megawatts of capacity near the city of Grenoble. The country is one of the fastest-growing markets in Europe, with capacity expected to double this year, driven in part by feed-in tariffs.
The Postcode Lottery Green Challenge award is a startup competition run by the Dutch Postcode Lottery with 500,000 EU ($666,200) up for grabs for the winner and 200,000 EU ($260,500) for the runner-up. All entries must have the potential to reduce greenhouse-gas emissions in a measurable fashion. From an impressive field of young entrepreneurs, the jury chose 25-year old Scot Frank of One Earth Designs as the winner for his company’s SolSource solar oven.
Chevron Energy Ventures and Solar Millennium’s proposed $6 billion solar power plant – to be the largest in the world – has cleared approval from the California Energy Commission, according to a Reuters report. The Blythe, Calif. plant will have a capacity of 1,000 megawatts — big numbers in an industry where the largest plants are about one-third that size. Solar Millennium and Ferrostaal AG are working to develop the plant through a joint venture, Solar Trust of America. It’s unclear what role Chevron plays in the plant, according to the Reuters story. Southern California Edison has already entered a deal to purchase all of the energy generated from the first half of the project. The entire project consists of four 250 megawatt plants.
High-efficiency solar panel maker Solaria announced today it has raised $65 million in a fourth round of financing, $20 million more than its original target.
SoloPower announced today that it’s the first in the solar photovoltaic industry to receive a needed safety certification for its flexible CIGS solar module — panels that are easily adhered to roofs or building materials, and made of copper, indium, gallium and deselenide (hence, CIGS). The safety greenlight paves the way for the company to debut its product line and begin commercial-scale manufacturing.
Here’s the cleantech news we’re following today: