Solar Power Leading Cleantech Investments

Posted on January 6, 2012 by quest

Cleantech Group, a global research firm focused on cleantech innovation, today released preliminary 2011 results for clean technology venture and corporate investments around the globe, totaling $8.99 billion, a 13 percent increase over 2010. Cleantech mergers & acquisitions reached record highs in 2011 with 391 deals and a dollar volume of $41.2 billion, a robust 153 percent growth over 2010. Solar was the leading sector by amount invested ($1.81 billion), followed by energy efficiency ($1.46 billion) and transportation ($1.12 billion). Energy efficiency was the most popular sector measured by number of deals, with 150 funding rounds, ahead of solar (111 deals) and transportation (61 deals).

“Despite some of the well-publicized headwinds, venture capitalists continue to invest in cleantech. Based on our historical data, we believe 2012 will be an all-time record year for global cleantech investments.”“While 2011 has been a difficult year for cleantech and venture capital, our 2011 numbers show surging interest in cleantech from global enterprises,” said Sheeraz Haji, CEO of Cleantech Group. “Despite some of the well-publicized headwinds, venture capitalists continue to invest in cleantech. Based on our historical data, we believe 2012 will be an all-time record year for global cleantech investments.”

Throughout 2011, investment totals grew while the number of deals declined by 7 percent compared to 2010, an indication that average round size is increasing. Of the 713 deals, 61 percent (438) were Series B or later rounds, accounting for 85 percent ($7.64 billion) of all money invested during the year.Investments in North America grew significantly from $5.20 billion in 2010 to $6.81 billion in 2011, or a 30 percent increase. On the other hand, Europe and Israel took a step back, with $1.30 billion invested in 2011 compared to $1.84 billion in 2010.In the public markets, China remained strong for cleantech IPOs. 28 of the 51 IPOs in 2011 came out of China, led by several massive offerings by large renewable energy corporations such as Sinohydro, Sinovel Wind Group and Huaneng Renewable Energy.

U.S. Solar Industry Reaches New Heights

New SunWater Solar Power In San Francisco Tenderloin

Posted on December 30, 2011 by quest

SunWater Solar and Tenderloin Neighborhood Development Corporation (TNDC) recently announced new solar thermal systems at two affordable housing buildings in the heart of San Francisco’s Tenderloin District. The two systems, consisting of 40 solar collectors and 24 collectors, respectively, garnered a total of $85,867 in California Solar Initiative-Thermal (CSI-Thermal) rebates. One hundred percent of this rebate money was used to fund system components and installation. “Solar thermal systems can greatly reduce water-heating bills for large, low-income housing buildings,” said Justin Weil, President of SunWater Solar. “With CSI-Thermal rebates currently funding roughly 30% of system cost, it’s a sound business decision to invest now in the technology.” The solar power systems benefit low-income San Francisco residents, provide green jobs and help to reduce carbon emissions.

“It’s exciting to see non-profit organizations such as TNDC benefiting from the CSI-Thermal incentive program,” said Nick Stimmel, Senior Program Manager at Pacific Gas & Electric. “PG&E encourages other owners of affordable housing buildings to consider solar thermal for their own properties.” The solar water-heating systems are one element of TNDC’s Green Retrofit Initiative, an effort aimed at making TNDC buildings more energy efficient. Co-sponsored by the San Francisco Mayor’s Office of Housing (MOH) and Enterprise Community Partners, the initiative also included boiler replacements, and the installation of energy-efficient lighting and low-flow showerheads and toilets. Fine Line Construction of San Francisco was the general contractor for the project.

“The San Francisco MOH and Enterprise Community Partners structured the financing in such a way that these solar water-heating installations are a highly cost-effective means of reaching Green Retrofit Initiative goals,” said Don Falk, TNDC Executive Director. “The technology makes sense from both a financial and an environmental perspective.” SunWater Solar is a solar thermal integrator that manages the design and installation of commercial solar thermal systems.

Spray On Solar Windows Generating Energy

Vinod Khosla

The Potential of Green Technology

SunPower Expands Its Global Solar Shine

Posted on December 27, 2011 by quest

SunPower Corp the Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, just recently announced that it has signed a definitive agreement to acquire Tenesol SA, a global solar provider headquartered in La Tour de Salvagny, France. Tenesol, a wholly-owned subsidiary of Total SA, has operations in 18 countries and solar panel manufacturing facilities in France and South Africa.

“Our acquisition of Tenesol is another step toward differentiating ourselves in the competitive solar market, further expanding our downstream presence and benefiting from the strong backing of Total,” said Tom Werner, SunPower president and CEO. “We said on day one that the partnership with Total would provide strength to our balance sheet, access to new markets and investment in research and development. In six short months, we have seen these benefits accrue to SunPower.””Combining the activities of Tenesol with SunPower is a step forward in Total’s strategy to become a world player in the promising solar industry,” said Philippe Boisseau, president, Total Gas and Power Division. “SunPower brings the world’s highest efficiency, highest reliability technology to market with guaranteed performance. Tenesol’s well-established channels, manufacturing base and complementary global footprint will help expand SunPower’s market reach and accelerate its share gain during market consolidation.”

Under the terms of the agreement, SunPower will acquire Tenesol from Total for $165.4 million in cash. Concurrently with the closing of the acquisition, Total has agreed to purchase 18.6 million shares of SunPower common stock in a private placement at $8.80 per share, a 50 percent premium to SunPower’s December 22, 2011 closing price. The transaction has been approved by an independent committee of SunPower’s board of directors and is expected to close early in 2012 following the satisfaction of customary closing conditions. SunPower expects the acquisition will positively affect its financial position in 2012. After the sale of Tenesol, Total will own approximately 66 percent of SunPower’s common shares.

Eco Friendly New Years Eve

Climate Change 2011 Year in Review

California Focusing On 2020 Solar Vision

Posted on December 22, 2011 by quest

Governor Jerry Brown who just recently led the Climate Change Conference At The California Academy Of Science in San Francisco was also on hand for the dedication of Soitec’s new North American solar headquarters and manufacturing plant in San Diego at a ceremony held on Friday, December 16. The governor noted, “The expansion of clean energy businesses is a direct result of legislation mandating that one-third of California’s electricity come from renewable sources by 2020. That’s a goal and we’re going to meet it. In fact, we are going to do better.”The factory is located in San Diego to supply more than 300 megawatts (MW) in solar projects to provide electricity to SDG&E.

Also participating in the factory dedication were San Diego Mayor Jerry Sanders, Jessie J. Knight, chairman and CEO of San Diego Gas & Electric Company (SDG&E) and California Public Utilities Commissioner (CPUC), Timothy Simon. They were joined by governmental officials and over 300 community and business leaders that attended the dedication event. “SDG&E has signed more contracts using CPV technology than any other utility in the world – a distinction we’re proud of,” said Jessie J. Knight, Jr., chairman and CEO of SDG&E. “At the time we began our talks with Soitec, we realized we had a unique opportunity to negotiate not only a good contract for solar energy at prices that competed head-to-head with other technologies, but also to solidify an agreement that would bear fruit for years to come in new local jobs and overall economic benefits. From a reliability and grid stability perspective, this technology is far superior to other typical ground-mounted arrays.”

“Soitec‘s new facility will create hundreds of well-paying jobs and build on San Diego’s growing reputation as one of the world’s leading clean-technology clusters,” commented San Diego Mayor Jerry Sanders. “We are so honored and proud to welcome Soitec to the San Diego community, and I know that San Diego’s collaborative business community will continue to work with Soitec to ensure the company’s success and prosperity.”

Marin Therapist Takes EcoTourism To High Ground

Ten Clean Tech Trends For 2011

Patrick Dempsey Trina Solar Light Me Up Supporter

Posted on December 20, 2011 by quest

Trina Solar Limited a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules was joined by actor and race car driver Patrick Dempsey to announce the launch of “Plug me in, Light me up” video. The video discusses solar power and the difference solar panels can make to communities off the traditional energy grid and the human significance of the solar industry’s technological advances.

The actor discusses the real power of solar energy to help people and the solar industry’s ability to provide products to meet their needs. While Dempsey is not a company spokesman his participation was motivated by a personal interest in solar power as an energy solution; an interest which he plans to action by installing solar panels at his home in Southern California.

Solar photovoltaics present an affordable, reliable and clean way to generate much-needed electricity for communities off the traditional energy grid and to supplement existing, more expensive electricity generation for those on the grid. As the industry continues to make great progress in improving product efficiencies and lowering the cost of solar energy, we hope that the solar industry will play a leading role in bringing energy independence to empower individuals and their communities. The video introduces viewers to Trina Solar’s philanthropic efforts in bringing energy independence to a Mexican home for orphaned children, an African hospital, and an American camp for children with special medical needs.

New York City Eco Friendly Yachts and Everything

Anjali Appadurai – “Get It Done”: Urging Climate Justice

Beyond Solar Lighting Up The Developing World

Posted on December 19, 2011 by quest

The United Nations, the International Monetary Fund, the Global Economic Symposium and others have all issued reports supporting – A rural family in Africa burns around 60 liters of kerosene a year to light their home. The average kerosene lamp in Africa spews a ton of CO2 in less than 10 years. Solar lighting can replace kerosene and wood, and improve the health of the people and the environment. Last year QuestPoint interviewed Jeff Olshesky, a cofounder of Beyond Solar a US based organization whose mission is to improve the educational, medical, and economic well being of individuals and communities in the developing world by providing solar powered electricity. He and co founder Trevor Knauf had just completed a project with D. Light Design, a solar lantern manufacturer in New Delhi with distribution capabilities throughout India, and South Orissa Voluntary Action, a registered non-government organization in the Indian state of Orissa.

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I recently spoke with Jeff Olshesky of Beyond Solar who completed its third project providing solar power in the eastern province of Zambia. Beyond Solar partnered with Dwankhozi Hope, to provide solar powered lighting in three separate rooms in a primary school. Their earlier projects involved the distribution of pre-assembled solar powered lanterns to hundreds of families in multiple villages, while utilizing a hybrid micro-finance model that required the beneficiaries to pay for a portion the products they received. In Zambia, they installed solar panels on the roof of a school building to power lights and three laptop computers. Financing was provided in a joint effort by Beyond Solar and Dwankhozi Hope. While the planning of this project began months in advance, the actual time required to complete the project, after arriving in Zambia, was five days. Jeff said while the benefits to the school is fairly apparent…the real reward is to me and the deep feeling I get from making a real difference in the world. They are in the midst of planning the next project in Zambia One potential project would be to install a small, roof-mounted solar lighting system in each of the neighboring villages. This would provide a “study room” for the students whose distant proximity from the central school prevents them from returning to the school in the evening. Another potential project that would bring income to the area would be a solar-powered water pump that could irrigate a cash crop such as cotton. These and many other potential projects would greatly improve the quality of life for the members of the Dwankhozi School District. The challenges to execute them will be difficult but equally rewarding as well.

A Green Door

Meanwhile, Empowered by Light a west coast non profit partnered with Lemnis who has supplied more than a thousand Pharox Solar Kits to schools in rural villages also in Zambia. Through its Solar: Zambia project, Empowered by Light hopes to donate a total of 5,000 solar-powered lights to communities in the rural parts of the country. Providing inexpensive electric lighting encourages nighttime activities such as studying and reading and can displace open-flame kerosene lamps and candles, saving money and eliminating the hazards of fire, burn and respiratory disease. “Our hope is that the educational benefits of our project will ultimately gain the attention of elected officials and encourage them to provide the same service to their own people,” said Marco Krapels, Co-Founder of Empowered by Light.