Saudi Arabia Going Solar With $109 Billion Investment


riyadh museum built environment f230611 2 300x240 Saudi Arabia Going Solar With $109 Billion InvestmentIf you thought solar energy was just a passing fad and not really a serious contender for supplying power for an energy starved world, think again. The revelation that Saudi Arabia has announced a $109 billion plan to create a solar industry that will generate a third of the nation’s electricity within two decades, could silence many skeptics. When the world’s largest source of oil goes solar that should wake everybody up!  The Saudi Arabian Market would provide significant opportunities for the Solar Industry. “We are not only looking for building solar plants,” Maher al-Odan, a consultant at the King Abdullah City for Atomic and Renewable Energy, said in a recent interview. “We want to run a sustainable solar energy sector that will become a driver for domestic energy for years to come.” Saudi Arabia, the world’s largest oil exporter, hopes to have 41,000 megawatts of solar capacity by 2032 said al-Odan. According to Bloomberg New Energy Finance the nation trails Egypt, Morocco, Tunisia, Algeria, and the United Arab Emirates with only 3 megawatts of solar installations.

Five Star Equities releases regular market updates on the Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on Trina Solar Limited TSL +1.93% and JA Solar Holdings Co., Ltd.Trina Solar Limited is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company.

JA Solar Holdings is a leading manufacturer of high-performance solar power products. The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation. Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return.

Topaz Solar Farms The Worlds Largest To Date


green jobs debate 300x200 Topaz Solar Farms The Worlds Largest To DateLess than two weeks after its official groundbreaking ceremony, MidAmerican Solar and First Solar, Inc. marked another milestone at Topaz Solar Farms, located in San Luis Obispo County, Calif. On Wednesday, the first solar panel was installed on what is the largest solar project under construction in the world. When complete, the 550-megawatt AC project will include nearly 9 million photovoltaic panels.

To mark this significant event, the first solar panel was installed by Greg Abel, chairman, president and CEO of MidAmerican Energy Holdings Company, and Walter Scott, Jr., who serves on the boards of directors for Berkshire Hathaway Inc. and MidAmerican.

“The installation of this first solar panel is more than symbolic,” said Paul Caudill, president of MidAmerican Solar. “It represents nearly five months of hard construction work put in by a dedicated crew of craftspersons and on-site supervision, a large majority of whom live in the local area. They are helping us achieve our goal of safely and reliably delivering energy to our customer, Pacific Gas and Electric Company, all while adhering to our core value of respect for the environment.”The Topaz project will create approximately 400 construction jobs during its three-year construction period; will generate nearly $417 million in local economic impact, the majority of which will be generated during construction; and will provide California with renewable electricity. The Topaz project will provide enough energy to power approximately 160,000 average California homes.

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Solar Decathlon Gets $1 Million For Great Park XPO


lydlw3 b78905934z.120120125144235000g3c1524sd.2 300x225 Solar Decathlon Gets $1 Million For Great Park XPOAt their meeting on May 17, 2012, The Orange County Great Park Corporation Board approved an agreement with the United States Department of Energy that provides a $1 million grant to host the Solar Decathlon 2013 at the Great Park. The agreement establishes a two-phase planning and implementation process that also includes the staging of the first ever multi-day exposition set for October 3-13, 2013, dubbed the XPO: Clean+Renewable+Efficient Energy Exposition.

“We are excited to host the Solar Decathlon and XPO at the Great Park,” said Beth Krom, Chair, Orange County Great Park Corporation Board. “Today’s action allows us to move forward on developing plans for this international event that will bring worldwide attention and economic development to the Great Park and the region and raise public awareness about the benefits of clean energy and energy conservation.”Under the first phase of the agreement, the Great Park accepted $375,000 from the United States Department of Energy for the planning and development process. This planning phase includes event programming and sponsorship planning as well as a finalized site plan that shows the location of the Solar Decathlon Village, where 20 collegiate teams will showcase their solar-powered houses.

The Solar Decathlon challenges 20 collegiate teams to design, build and operate solar-powered houses that are cost effective, energy-efficient and attractive. The winning house best embodies affordability, consumer appeal and design excellence while also providing optimal energy production and maximum efficiency. The XPO, featuring the U.S. Department of Energy Solar Decathlon 2013, will showcase technology, products, arts, education and business opportunities that arise from clean and renewable energy generation and efficient energy use. Both events will occur simultaneously October 3-13, 2013.

Chabot College Center Achieves LEED Certification


portfolio chabot 11 300x166 Chabot College Center Achieves LEED Certification Chabot Community College in Hayward, Calif., recently achieved LEED Platinum certification for their sustainably-designed student center building with the help of SageGlass dynamic glazing. The Community and Student Services Center (CSSC) is the centerpiece of the college’s “green intelligent building initiative,” serving more than 15,000 students, staff and faculty. Architects at tBP/Architecture wanted to incorporate as much glass as possible into the CSSC to flood the interior with daylight and keep a connection to the outdoors for the well-being of the students. The architects needed to find a way to maintain outside views and keep people comfortable inside, while simultaneously minimizing energy consumption to achieve the project’s LEED goals. Although conventional low-e glazing, automated interior blinds and automated exterior louvers would have managed the sun and solar heat gain, this approach would also have obstructed outside views and compromised building aesthetics.

The CSSC uses SageGlass as a strategic element of an integrated daylighting control system to manage sunlight and heat gain. The dynamic glazing tints or clears within minutes, significantly reducing energy consumed for air conditioning, heating and lighting. SageGlass glazing keeps glare and temperature under control throughout the day, making effective use of the natural ventilation system. In addition to SageGlass, the facility features a variety of other advanced sustainability technologies designed to achieve LEED Platinum accreditation through aggressive energy-efficiency levels and maximum occupant comfort.

SageGlass was instrumental in helping Chabot meet its ambitious sustainability initiative, which includes attaining LEED Silver rating as a minimum for all new construction,” said Doug Horner, Project Manager with Chabot Community College. “This one-of-a-kind facility exceeds this standard by using advanced design elements, which provide natural daylight in all occupied spaces and access to outdoor views. The CSSC also controls the amount of light to reduce heat gain as a means of increasing the comfort level of occupants.”

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Solar and Renewable Energy Innovations Awarded 200k


Khosla Ventures Andrew Chung 229x300 Solar and Renewable Energy Innovations Awarded 200k Young entrepreneurs developing energy from waste water treatment, robots for cleaning solar panels and solar cell films with 20% more efficiency took the top prizes at the First Look West (FLoW) regional finals competition, which closed last week. At an awards celebration held at the California Institute of Technology on May 1, Stanford Nitrogen Group, Greenbotics and Xite Solar shared $200,000 in prize money.Professor Harry Atwater, Director of Caltech’s Resnick Sustainability Institute, says “Successful competitions such as this show how universities, working with investors and the business community, are leaders in accelerating innovation flow to the real world, and in launching our future entrepreneurial leaders.”

At the Regional Awards Celebration, keynoter and Judge Andrew Chung, Partner at Khosla Ventures, captured the tone of the competition during an address that touched on the importance of thinking beyond the obvious.  “Entrepreneurship shouldn’t be about extrapolating the past, but rather inventing the future,” Chung said. “Startups shouldn’t let the word of the ‘experts’ or conventional ‘wisdom’ constrain them from imagining new possibilities.”

FLoW represents the Western Region of the DOE’s National Clean Energy Business Plan Competition (NCEBPC). The winning teams from six regions across the country will now participate in the National Competition in Washington D.C., June 12 and 13, 2012. The awards event was the culmination of a six month competitive process searching for the untapped clean energy innovation that lies in American university labs. In its first year FLoW attracted 83 applicants from 34 universities across twelve states, and saw inventions ranging from new battery materials for portable electronic devices to net energy+ home kits, hydroponic farms and telephone apps for tracking energy use in the home.

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The Power of A Solar Salary


firstsolar 300x225 The Power of A Solar SalaryFirst Solar, Inc. recently announced that James Hughes has been appointed Exec Mike Ahearn07a 22 200x150 The Power of A Solar SalaryChief Executive Officer. Hughes succeeds Mike Ahearn, First Solar’s founder and Chairman, who has been serving as interim CEO since Oct. 2011. Hughes joined First Solar in March as Chief Commercial Officer. Ahearn will continue in his role as Chairman of the Board.“Jim has been instrumental in developing the strategic plan that will enable us to compete and win in this new era for the solar industry, and it became clear he is the right person to lead the execution of that plan”

Bloomberg BusinessWeek is reporting that Hughes will receive a $750,000 salary. He is being promoted from within the company.“Jim has been instrumental in developing the strategic plan that will enable us to compete and win in this new era for the solar industry, and it became clear he is the right person to lead the execution of that plan,” said Ahearn. “Jim brings a wide range of experience that will be invaluable in leading our organization, having owned and operated utilities, built power projects, cultivated partnerships and led profitable growth in a wide array of key markets around the world.”

“I am excited for this opportunity to lead First Solar into a new era for the industry,” said Hughes. “First Solar is unrivaled in terms of talent and experience and has the premier platform from which to implement solar power at a meaningful scale around the world. The rapid cost reductions in the industry position solar at the threshold of the mainstream energy markets, and we are well-positioned to capitalize on that opportunity.” First Solar, the world’s largest maker of thin-film solar panels recently closed it plant in Germany and laid off 2000 workers.

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