Solar energy systems are the cleanest power-generating technologies available on the market today. Their impact on the environment is minimal producing no air pollution, hazardous waste, or noise. A future away from fossil fuels, a finite resource, is possible with the conversion of the sun’s rays into sources of energy. Solar energy on a large scale can be a formative economic driver, in 2007 the U.S. PV market increased by 57% to 220 MW.
Google is investing big time in renewable energy projects. The search engine’s latest investment is $103 million in a 265.7 megawatt (MW) solar project in Southern California, called Imperial Valley Solar 1 (IVS-1). The project is Google’s 13th investment in renewable energy projects. The company has invested over $1 billion in renewable energy projects that will generate at least two gigawatts of power, enough to power 500,000 homes.
Silver Ridge Power LLC is developing the new solar facility. Silver Ridge is a joint venture between AES Corp., a utility owner, and Riverstone Holdings LLC, a private equity firm investing mostly in energy. Silver Ridge has about 522 MW of power in operation in its global portfolio in seven countries. After it is completed next year, the power from the IVS-1 project will be sold to San Diego Gas & Electric Co. under a 25-year power purchase agreement.
IVS-I will generate enough electricity to power 80,000 homes, and will create over 900 construction jobs in a state that has an unemployment rate of 8.9 percent. IVS-1 is the first of four phases of a 600 MW PV facility. The second stage will be 150 MW and is expected to begin operation at the end of 2005. The third stage is 150 MW and is expected to begin operation by 2016. The fourth stage is 100 MW and expected to begin operation by 2016.
Solar energy systems harness the power of the sun for heating and electrical needs. Harnessing the power of the sun can be done in a variety of ways, with one of the most common ways is through the use of Photovoltaics (PV) technology.
Planning to Go Solar To Save Money. First learn About On-Grid & Off-Grid Solar Power System. Smart Grid is the latest technology that will allow us for onsite power generation from both traditional and alternative energy sources such as solar.
Borg Energy is offering a full spectrum of engineering, procurement and construction (EPC) services.
Borg Energy is offering a full spectrum of engineering, procurement and construction (EPC) services. Our experts helps clients’ with EPC, solar power plants and design-build services in the energy, telecommunications, power delivery and renewable markets.
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