Google Invests In Californian Solar Power Plant

US tech giant Google Inc. has agreed to provide US145 million in equity financing for the "Regulas Power Plant Project". The 737-acre 82 MW DC solar photovoltaic power plant is in construction on an abandoned gas and oil field in Kern count, California, and will be comprised of over 248,000 SunEdison mono-crystalline solar PV modules.This is the US tech giant's 17th renewable energy project, and put the company's clean energy investment at more than 1.5 billion, and totaling a capacity of more than 2.5GW, across three continents.Google renewable energy principal Nick Coons said: "This project with SunEdison presented an opportunity to take an old gas and oil field and turn it into a clean energy producing solar site. It made sense to support it on multiple levels."SunEdison has developed, designed and executed the structured financing for the Regulus project, which is slated to commence operations later in 2014.SunEdison North America president Bob Powell said: "From developing the technology, to constructing the facility, to establishing mutually beneficial financial partnerships with leaders like Google, Prudential and Santander Bank, N.A., Regulus is a prime example of how SunEdison's end-to-end approach benefits everyone involved in a solar project.That we've already made such progress on a project that broke ground in December 2013 is a testament to the speed and efficiency of our process."This 82MW Regulus solar project in Kern County in California will generate enough electricity to power 10,000 homes and support around 650 jobs. The plant can reduce CO2 emissions equivalent to not burning 125 million pounds of coal annually.

Reference: alt-energy-solutions.blogspot.com

Sunedison And Karnataka Sign Renewable Energy Mou

Desert-based Solar Generation

IN BRIEF

US-based renewable energy company SunEdison and the Karnataka government have signed a memorandum of understanding (MoU) to install 5000 MWe of renewable energy projects in the southern state of India over the next five years, the company said 14 January. The electricity produced by these projects will be cost competitive with coal-produced electricity and will be sold under power purchase agreements (PPA), the company said.

The facility, comprising a mix of solar photovoltaic (PV) and wind power plants across Karnataka, will be developed using world class technology, said the statement. SunEdison will help the Karnataka government to jointly explore and identify suitable location options for the project and facilitate construction of the infrastructure required to connect the power to the grid.

Under the agreement, SunEdison is required to provide details of an immediate plan to implement projects between 1000 MWe and 1500 MWe capacities before 31 December 2016, the agreement says. SunEdison will also provide development and financing expertise to build the renewables facilities, the statement added.

In recent weeks, SunEdison has signed two more agreements with Indian companies. These include collaboration with Adani Enterprises for developing a US4 billion facility in Mundra, Gujarat, for manufacturing solar PV panels. The other deal is with Omnigrid Micropower Company (OMC) for setting up 250 MWe of solar power generation capacity through 5000 rural projects in India, at a cost of US800 million. India plans to set up 100,000 MWe of solar power capacity by 2022.

The post SunEdison and Karnataka sign renewable energy MoU appeared first on Intersect Insight.

Source: green-energy-digest.blogspot.com

Google Executes 145 Million Investment In Sunedison And Terraform Power Largest Solar Plant In North America

BELMONT, USA: SunEdison Inc. announced that Google Inc. has undivided to act 145 million in equity financing for the Regulus solar plant.

One time professional, the Regulus solar project motivation be SunEdison's principal mechanized and constructed project in North America. Located in Kern Territory, Calif., the Regulus plant motivation escalation depletion bearing in mind this year, and motivation supply power to Southern California Edison blunt a 20-year power union meeting.

SunEdison mechanized, hypothetical, executed the controlled financing and is constructing the Regulus project, which was contributed to TerraForm Concentration and represents 10 percent of the 808 MW DC in the essential TerraForm portfolio.

The 737-acre 82 MW DC solar photovoltaic (PV) power plant is in assembly on an empty gas and oil field, and motivation be comprised of upper 248,000 SunEdison mono-crystalline solar PV modules. Once involved, Regulus is expected to creation sufficiently energy to in general power upper 10,000 homes, with CO2 reductions equivalent to not burning 125 million pounds of coal annually.

Reference: renewable-sources.blogspot.com