European Commission Approves Chinese Solar-Panel Pact
Bancorp . The leasing model, which doesnt require a hefty upfront spending for equipment and labor, has been the engine that drives the boom in the residential market in recent years. Subscribe to gigaom.com But solar gear ownership hasnt exactly gone out of style, and doing so allows homeowners not those who finance the leases reap the local and federal tax benefits. Some companies are banking that an increasing number of homeowners will choose that option. The optimism comes partly from the falling prices of solar panels in the last three years because of an overproduction of them worldwide. Some financial institutions, such as Admirals Bank , are rolling out home solar loans. Meanwhile, an insurance company, Assurant, is offering warranty management plans so that homeowners wouldnt have to deal with haggling with manufacturers of solar panels, inverters, racking systems and other parts over repairs or replacement. Such solar warranty management plans are a new phenomenon, so how popular it will be remains to be seen.
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Control Growth Spains Industry Ministry, which announced power reforms on July 12 including income limits for clean-energy plants, said the new levy is needed because grid-connected consumers that can produce their own electricity also benefit from the back-up provided by the power system. The levy will help control growth in rooftop solar, minimizing its impact on the system, it said. The government argues that Spain already has too much generation, since total capacity exceeds peak demand by more than 60 percent. The move to make generators pay has prompted concern in Spains solar industry, which was counting on support for such projects to help it survive following the elimination of fixed subsidies for new clean-energy plants in 2012. Countries in Europe are increasingly relying on solar self-generation to save electricity and help reduce subsidies for the technology. Solar installations have mushroomed as customers realize they can generate power for as much as half the cost of retail electricity and in many cases get paid for what they cant use. Compromises Needed Charging a fee for generating your own energy sounds absurd, but in the long term, passing a higher proportion of the cost of running the grid to low-income customers is also unpalatable, Jenny Chase, head of solar analysis at Bloomberg New Energy Finance, said yesterday. Compromises will need to be made on this issue in more countries than just Spain. Spains proposals also show the country wont remunerate excess power.
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First Solar to Deliver 155MW of Solar Power Projects for AGL Energy
Minimum Price Without disclosing the agreed minimum price, De Gucht said yesterday that the South Korean industry sold panels at exactly the floor agreed with China while not engaging in dumping. He also said a price floor of around 80 euro cents a watt sought by EU ProSun wasnt ever entertained during the negotiations with China. We have never been discussing about the level of prices that, for example, the complainants now say they would need to be competitive, De Gucht said. If that is the case, then they will never be competitive again. EU governments, acting on a commission proposal, have until Dec. 6 to decide whether to accept the agreement as a definitive measure. While definitive EU anti-dumping measures usually last five years, De Gucht said the pace of change in the solar-panel market justifies the shorter period of protection that he negotiated. Five Years An intervention in the market should not last too long, the more so that we are in a sector that is very quickly changing, he said. Nobody has a clear idea of what will be the situation in the solar-panel market within five years. De Gucht expressed optimism that EU governments will approve the negotiated package later this year, saying a very large majority signaled support during consultations in the run-up to the commission decision. The EU is also threatening to impose a separate set of duties on Chinese solar panels to counter alleged subsidies.
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The sun also shines on Harlem — and solar power co-op wants to make some green
From raw material sourcing through end-of-life module collection and recycling, First Solar’s renewable energy systems protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com . For First Solar Investors This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company’s business involving the company’s products, their development and distribution, economic and competitive factors, and the company’s key strategic relationships and other risks detailed in the company’s filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. About AGL AGL is one of Australia’s leading integrated renewable energy companies, and is taking action toward creating a sustainable energy future for our investors, communities and customers.
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Spain Hurts Solar With Plan to Penalize Power Producers
As the energy is created, the money begins to flow. By Laignee Barron / NEW YORK DAILY NEWS Thursday, August 1, 2013, 7:04 PM Uptowners have formed a solar energy co-op so businesses like the Sugar Hill Inn don’t have to wait seven years for such greenovations to make economic sense. Related Stories Solar-powered plane finishes record-setting journey from California to New York City Harlem residents are finding a way to make dollars and sense out of solar panels forming an energy co-op. The Harlem Solar Cooperative, a network of more than 50 uptown residents, businesses, and community organizations, will use collective ownership to more easily access the benefits of solar energy. Our big vision is not only to put solar panels on rooftops, save some energy, and save some money, but also to make Harlem-based green jobs, said Brian Smith, the co-ops founder and an environmental consultant. We want to make a green industry in Harlem. Members buy a share in the co-op and in return, they get a percentage of the energy profits whenever panels are hooked up and start collecting energy. The idea came to Smith when he moved to Harlem, looked at the rooftops and saw an urban version of the Great Plains acres of sunny, open space to generate clean electricity.
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