General Electric Co. (NYSE: GE) said Monday that Google Inc. (Nasdaq: GOOG) and two Japanese partners -- Sumitomo Corporation and Itochu Corporation -- will pay about $500 million for a majority equity stake in the world's largest wind farm, under construction near Arlington, Oregon. Google’s share will be about $100 million.
BrightSource Energy, Inc. said Monday it has finalized U.S. federal government loan guarantees of $1.6 billion and has received a $168 million equity investment from Google Inc. (Nasdaq: GOOG) for its proposed 392-megawatt (MW) Ivanpah thermal solar power project under construction in California’s Mohave Desert.
Shares of Aleo Solar AG (XETRA: AS1.DE) are up more than 23% since Tuesday when Robert Bosch GnbH announced it had increased its holding of Aleo from 70% to 82% and was offering to purchase the remainder of the company’s shares for 22 Euros ($30.25) each. Robert Bosch, based in Stuttgart, Germany, claims to be the world’s largest automotive supplier. Aleo, based in Oldenburg, Germany, produces solar modules and photovoltaic systems in plants in Germany, Spain and China.
Environmentalists have found yet another ally in their battle to prevent the passage of California’s regressive Proposition 23, which would put a temporary end to the environmental protections passed by governor Arnold Schwarzenegger in 2006.
The tiny Canadian jurisdiction of Prince Edward Island (PEI) is a good case study on the challenges facing many governments trying to attract renewable energy investors.
Two years ago the PEI government made the bold pledge that by 2013 they would have 500 MW of installed wind turbines - an increase of 270%.