Super Bowl XLVI goes green

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The National Football League (NFL) has purchased 15,000 MWh or Renewable Energy Credits from Green Mountain Energy to offset green house gas emissions produced from electricity usage at six Super Bowl Facilities.  These include: Lucas Oil Stadium, Indiana Convention Center, NFL Headquarters, Super Bowl Media Center, AFC and NFC team hotels.

REC’s are sold by companies with solar PV (photovoltaic) systems to a third party who desires to offset their usage without owning the solar PV system themselves.  Here in California, the solar industry is looking forward to having a cap and trade system for REC’s in place by January 1, 2013.

Dept of Interior and California Expand Renewable Energy Agreement

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On Jan 13, Secretary of the Interior Ken Salazar and California Governor Jerry Brown signed an agreement to extend a Federal and State partnership which has helped a number of utility-scale solar energy projects to be completed in California.  The agreement has helped to fast track the permitting of renewable projects and will also help to make sure additional transmission lines can be built to accommodate even more renewable projects in the future.  It’s nice to see California is making progress its goal of 33% by 2020 and creating hundreds of jobs in the process.

Solar Stocks on the Rise

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Earlier this week Canadian Solar, LDK Solar Co, Inc, JA Solar Holdings and Trina Solar gained at least 3.2% with Canadian Solar leading the pack, up 8.65%.  Several factors have contributed to the recent surge including stronger than expected demand at the close 2011 and great outlook for 2012.  Germany led the pack with 7.5 gigawatts installed in 2011.  China installed 3 gigawatts in 2011 and is expected to double installations in 2012.

The United States installed over 1 gigawatt in 2011 and we’re hoping to have an even larger 2012.  It’s difficult to predict exactly how much the US will install, with the expiration of the 1603 Treasury Program at the end of 2011 and other factors such as the trade petition against Chinese made solar panels.  With panel prices at an all time low and the rising cost of energy, I believe solar will continue to gain momentum.

Google Invests $94 Million in Solar Farms Near Sacramento

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Yesterday, Google announced a $94 million investment in four solar photovoltaic (PV) farms near Sacramento, California.  This brings Google’s portfolio of clean energy investments to more than $915 million.  Google’s other green investments include $75 million fund with Clean Power Finance that will help up 3,000 homeowners go solar as well as several investments in wind energy.

Warren Buffett started the train moving a few weeks ago and Google jumped on the band wagon…who’s the next big player to step up to the plate??

Technological Breakthrough Could Double Solar Panel Efficiency

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Chemistry Professor Xiaoyang Zhu at the University of Texas at Austin has discovered a way to boost solar efficiency.  By using organic plastic as a semiconductor instead of silicon, they’ve discovered a way to capture electrons that were too high energy to be converted to electricity in the silicon and were lost as heat.  Capturing these electrons could enhance solar cell efficiency from 31% to 66%.

It’s exciting to see science and technology help to shape our lives and make us more sustainable.  I’m hopeful there will be countless solar technology breakthroughs in the near future, making solar even more cost effective.

IKEA goes Solar at 75% of its US Locations

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On December 8, IKEA announced the expansion of their Solar PV program.  Thirteen IKEA stores in the US currently have Solar PV roof top systems with 20 more scheduled to come online in 2012.  Total generation capacity of the stores will reach 26.8 MW.  It’s nice to see big business minimize their impact on the environment.  As the ROI of Solar PV becomes more attractive, we should see more big name retailers doing their part to “go green” while saving some green in the process.

Warren Buffett and Berkshire Hathaway Inc. Invest In Solar

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Last week, Mid American Energy Holdings purchased a $2 billion solar Farm in San Luis Obispo County. The 550 megawatt project called Topaz Solar Farm covers 3,500 acres of farm land. The facility is expected to produce power for PG&E and will be completed sometime in 2015. This will help PG&E meet the California Renewable Energy Program requirements of 33% by 2020.

A New Take on Our Oldest Source of Power

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For many of us, our first real experience with solar started with a solar powered calculator.  It’s safe to say that solar has come a long way since that time.  It has become more efficient, more accessible, and is being produced in many forms that increase the flexibility of its uses.

Solar technology is being integrated into laptop bags, tents, street signs, satellites, space stations, and even into the roofs of our cars and the garages that we park them in.

The truth is, that we have just recently started to unlock the real potential of our oldest power plant, the sun.

 

That potential reaches into our lives in the personal devices listed above, but also has a huge impact on our businesses as well.  Electricity can be one of the largest monthly expenses that a business incurs, and in today’s competitive business environment, minimizing operations costs is a must.

As a former office and project manager in the commercial real estate arena, it is the potential impact on business that I am passionate about.

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