MORE NEWS, 4-29 (WIND BOOMS IN FIRST QUARTER 2009; BUY PRIME SUN, NOTHING DOWN; MASS. CO GETS SCOT & L.A. $$$ FOR UTAH WIND)
WIND BOOMS IN FIRST QUARTER 2009
Wind industry adds nearly 3,000 MW, group says
Sandy Shore, April 28, 2009 (AP)
"Wind farms added more than 2,800 megawatts of capacity in the first quarter…offering a sliver of good news for an industry pummeled by frozen credit markets and the recession.
"From January to March, about three dozen developers started wind farms in 15 states adding about twice the capacity that came on line last year during the same period, according to a report by the American Wind Energy Association…"
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"Most projects were already under construction in 2008 as the economy weakened…A number of companies were forced to shelve projects and lay off workers, particularly from October to December when credit became scarce…[I]nvestments began to tail off because of the way tax credits for projects are structured. Tax credits do not pack the same punch when the economy falters.
"The Treasury Department is expected to release new rules as part of the U.S. stimulus package that would allow for something closer to a rebates for wind investments as an alternative to tax credits…The stimulus package has already had an effect on the industry."
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"By the end of March, about three dozen new projects had been announced with a potential of 3,540 megawatts…[T]hose projects were motivated by the stimulus package…
"The industry is still wrestling in the current economic climate…Vestas A/S, the world's biggest wind turbine manufacturer [will]… lay off 1,900 workers primarily in Denmark and Britain, because of sluggish demand in Europe…"
BUY PRIME SUN, NOTHING DOWN
Kiss the upfront costs of solar goodbye
Josh Dorfman, April 27, 2009 (Miami Herald)
"…In 2008, SolarCity introduced SolarLease, a program that enables homeowners to lease solar panel systems for a low monthly rate and zero money down. SolarCity even provides free repair service and free monitoring for optimal output as part of the performance guarantee, which lasts as long as the lease. Leases run for 15 years, after which time you can apply your accumulated monthly payments toward purchasing your system or opt to return it back to the company. Along the way, you'll very likely lower your overall monthly energy costs…This works for your bottom line and the planet's too.
"…SolarCity has plans in the works to expand its innovative service (also available in Oregon and Arizona) into 10 additional states this year…"
From solarcity100 via YouTube
"…Akeena Solar has developed a sleek, easy-to-install solar panel system called Andalay and has partnered with a solar financing company called Sun Run to help consumers go solar without incurring much of the up-front costs. Sun Run enables residents to enter into a long-term contract called a Power Purchase Agreement (PPA), which helps a homeowner purchase the energy being produced by the solar panels on the roof without actually purchasing or leasing the panels.
"…Operating throughout the Northeast, Northwest and Canada, GroSolar is steadily becoming one of the largest solar installers in North America. Where rebates and incentives are available in your state, GroSolar files all of the paperwork on your behalf. And since rebate checks can take a while to arrive, GroSolar charges you the "after rebate" price when installing your system and then collects the incentive checks directly, helping to lower your out-of-pocket costs."
From drumat5280 via YouTube.
"…Ready Solar offers a deceptively simple modular system - aptly named Solar in a Box - that can be installed quickly and at a reduced cost. Because Solar in a Box is a modular system, you can choose as little or as much solar power as you'd like and then add more capacity over time."
[From Josh Dorfman's recently published book, "The Lazy Environmentalist on a Budget."]
MASS. CO GETS SCOT & L.A. $$$ FOR UTAH WIND
Newton wind-energy firm raises $376m
Chris Reidy, April 23, 2009 (Boston Globe)
"First Wind, a Newton [Mass.] wind-energy company, has obtained $376 million in financing for a project in Milford, Utah.
"Royal Bank of Scotland PLC, the parent company of Citizens Bank, was lead arranger for the loan…"
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"With 97 wind turbines, the Milford Wind Project will generate up to 203.5 megawatts of clean energy and will be one of the largest renewable energy facilities in Utah and the largest wind-energy project in the state…
"Its chief executive, Paul Gaynor, said…[the financing is a testament to stakeholders such as] the Southern California Public Power Authority."