According to a new technical market research report, PHOTOVOLTAICS: GLOBAL MARKETS & TECHNOLOGIES (EGY014F) from BCC Research, the global market for photovoltaics (PV) is expected to be worth $12.9 billion in 2007. This is expected to increase to over $32.3 billion by 2012, a compound average annual growth rate (CAGR) of 14.9%.
Hamilton Sundstrand, a subsidiary of United Technologies Corp., and US Renewables Group have agreed to commercialize the concentrated solar power tower technology and corresponding molten salt storage system developed by Rocketdyne through a new entity known as SolarReserve.
"Sustainable plant" activities emphasize the role of nature in creating production sites that harmonize with their natural surroundings.
Duke Energy has placed an order with Vestas for 91 megawatts of additional wind turbines for the first phase of its Notrees wind power project located in Ector and Winkler Counties, Texas.
The 55 wind turbines are scheduled to arrive on the western Texas site in the second half of next year and are anticipated to be in service by the end of 2008. Terms of the transaction with Vestas were not disclosed.
Suzlon, Asia’ leading and world’s fifth largest wind power solutions company, has received a major new order from ONGC, India’s leading Oil & Gas Exploration & Production (E&P) player and a Fortune 500 Company, for 51 MW of wind turbine capacity.
Pacific Gas and Electric Company announced today that the California Public Utilities Commission (CPUC) has approved four new renewable energy power purchase agreements. The four renewable projects – three utility-scale solar and one geothermal – will generate 585.5 megawatts (MW) of renewable, clean electricity for PG&E’s customers in northern and central California.
ICP Solar Technologies Inc., a developer, manufacturer and marketer of solar cells and products, announced today it has signed a two year supply agreement with Shanghai Electric Solar Energy Co.
Horizon Wind Energy has placed an order for 242 units of the V82-1.65 MW wind turbine. The wind turbines, which will have a total installed capacity of 400 MW, will be delivered to Horizon owned wind projects.
Alcoa today announced it has reached an agreement with the State of New York and the New York Power Authority (NYPA) on a new, renewable energy contract to supply the Company’s Massena, NY operations that paves the way for an upgrade of the operations there. Alcoa’s Massena Operation is the largest private employer north of Syracuse, contributing nearly $350 million annually to the local economy.
Installing renewable energy is economically viable for tourist accommodation despite being considered too expensive and inefficient, according to the first Australian study of renewable energy in tourism accommodation.
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