Solar Energy Investing

Forbes reports Energy Conversion Devices Inc. has agreed to supply efinity Management BVBA with solar devices over the next three years. The devices are to have a total annual generating capacity of 21.15 megawatts. Just one megawatt of electricity powers 778 households per year.

The Motley Fool reports on the fact that solar power only provides 0.04% of the worlds energy supply. The article also details PG&E’s intentions to buy an additional 1,000 megawatts of solar thermal power over the next five years, which will doubt its existing commitment to solar power. FPL Group is planning to expand its solar production, and will be spending $2.4 billion to build 300 MW of solar capacity in Florida.

Business iafrica.com reports the city of Cape Town will replace the conventional light bulbs in its traffic lights with LEDs by 2015. LEDs use seven times less electricity than conventional light bulbs. Ordinary light bulbs need to be replaced every three months, LEDs however, last for a minimum of five years.

Niles Daily Star reports on a Niles home being featured in the Michigan solar Tour. This makes for the third year that a Niles home has been featured in the tour. The tour is to show area residents how to incorporate energy saving technologies into their homes.

Trading Markets.com reports China Sunergy Co. Ltd. led solar gains earlier this month. Some investors had shares rising higher, while others too their profits following reports of potential solar expansion in Spain. Stocks in the Solar industry are up almost 50% on average.

JRJ.com reports Fresh & Easy Neighborhood Market has joined the California Climate Action Registry. The Registry is California’s only official registry for greenhouse gas emissions reduction projects. Another commitment from Fresh & Easy in its efforts to reduce its impact on the environment is marked by participation in the registry. The company has committed to building LEED certified buildings, as well as recycling or reusing all shipping and display materials.

Physorg.com reports on the laser joining of solar cells. The articles details on a new system that provides automatic temperature regulation in joining solar cells. According to the article, researchers at the Fraunhofer institute for Laser Technology in Aachen have developed a non-contact soldering system.

Equity Groups reports Hall’s Warehouse Corporation has announced an agreement with DT Solar to build a 2 MW solar system. The system will supply power to the Hall’s facility in New Jersey. Halls is a family owned refrigerated and frozen food storage and distribution company. When completed, the solar project will be the largest private company rooftop solar electric system in the U.S.

PRNewswire reports World photovoltaic industry leaders gathered for Solar Power 2007. Solar Power 2007 is a leading industry convention that brings executives, project developers, and solar energy investors together in Long Beach, California. The convention lasted from September 24-27th. Invest in Germany was at the convention to present the advantages of PV investment in Germany.

The Telegraph reports on the ability of Glass exteriors to generate power. Placing a thin sheet of photosensitive materials between two glass sheets can generate solar power. Sharp Business Systems plans to bring this technology to India. Sharp Business is a subsidiary of Sharp Corporation.