Rise & Shine: October 22, 2008

The Rise & Shine is your daily source for all solar-industry news. Brought to you by Sweet Solar Home and the Experts at SunRun.

CALIFORNIA NEWS
City Council Recap: Oct 20, 2008 – Barstow, CA
The Council reissued a request for bids to install solar panels at the Barstow Senior Center. During the first round of bidding, the city received no bids that it accepted.

Frost & Sullivan Recognize Honeywell’s Leadership in Renewable Energy
With its renewable energy profiling model, Honeywell is marking its path as the market leader in innovation by helping its customers identify and implement renewable energy solutions that are not only environmentally sound, but also fiscally responsible.

NATIONAL NEWS
Mayor, US DOE to Unveil New Solar Installation
Mayor Dave Cieslewicz and representatives from the U.S. Department of Energy will unveil Madison’s newest solar installation on Wednesday, October 22 at 2:00pm at Alicia Ashman Library.

B.C. TIFA board Approves United Solar Land Sale
Battle Creek Tax Increment Finance Authority Board of Directors approved the sale of 45 acres of land on River Road to Auburn Hills-based United Solar Ovonic for its new facility.

City Council Supports Solar Panels and Corrals but Not New Lake
The Boulder City, NV council unanimously agreed on NextLight Renewable Power’s plan for a 2,500-acre solar plant on the dry lake bed in the Eldorado Valley.

New Jersey Meadowlands Commission Plans Solar Facility
The New Jersey Meadowlands Commission, a state agency located in Lyndhurst, New Jersey, is seeking information from qualified firms for the development of a grid connect solar power facility on an inactive NJMC-owned landfill.

Google Sponsoring US-Chinese Power Grid Study
Google.org awarded a $250,000 grant to the U.S. National Academies for a cooperative U.S.-Chinese study on renewable electricity.

UTILITY INDUSTRY & REGULATORY NEWS
PG&E Announces 2008 Solar School and “Bright Ideas” Grant Winners
PG&E unveiled 25 schools to receive a 1.3kW solar system, valued at $25,000. 9 schools will receive up to $5,000 in Bright Ideas grants for their innovative solar science projects.

Tendril and Itron make Smart Meters that Talk to the HAN
Tendril and Itron announced a networking solution that will enable two-way communication between utilities and residential customers’ energy-using devices using the advanced metering infrastructure.

FINANCIAL NEWS & MARKETS
Alternative Energy Suddenly Faces Headwinds
For all the support that the presidential candidates are expressing, alternative energies like wind and solar are facing big challenges because of the credit freeze and the plunge in oil and natural gas prices.

Mixed Forecast for Solar Investors
The Merrill Lynch report suggests that access to the capital markets may be closing for solar. However, it views this as a positive. “We believe that there are simply too many vendors targeting the solar market … With capital barriers now increasing, a healthier industry structure could emerge.”

REC ASA Announces 3rd Quarter 2008 Results
REC ASA reported revenue of NOK 1,919M in Q3 2008, an increase of 30% from Q3 2007. Revenues for the first 9 months of 2008 were NOK 5,811, representing an increase of 22%.

Financial Fallout: Why Renewable Energy Has the Blues
The issue is the industry-wide difficulty of committing to new investments in a period of high uncertainty about borrowing costs. Such transactions involve staged funding, and market volatility makes committing to fundings expensive.

GOVERNMENT & POLITICS
Obama Summit: Pressing for a Power Grid Overhaul
The federal government has to spend money, preferably sending it to state governments to spend on roads, bridges and something Schmidt repeatedly called a smart grid.

INTERNATIONAL NEWS
Is the Sun Setting on Solar Power in Spain?
This month Spain slashed the maximum capacity of solar farms that can claim subsidies from 1,200 MW to just 500 MW. Spain also cut PV feed-in tariffs by about a third to around 33 eurocents per kilowatt hour. Solar-thermal executives fear the same fate within 24 months as new plants add solar power.

Motech and E-Ton Optimistic About 2008 Solar Business
Motech plans to expand its total annual production capacity to 800MWp while E-Ton has already secured total orders of 400MWp, according to the two companies.

Japan’s METI Submits Budget Request to Restart PV Subsidy Program
In a 1st step toward restarting a popular Japanese PV subsidy program that ended FY 2005, the Ministry of Economy, Trade and Industry sent a FY 2009 budget request to the Ministry of Finance

ICP Solar Signs LOI to Acquire Ibersolar Energía
ICP has entered into a binding Letter of Intent to acquire Ibersolar Energía, S.A., a leading European manufacturer and supplier of solar photovoltaic systems, solar thermal systems, and absorption units.

M+W Zander Wins Contract for Photovoltaic Manufacturing Complex
Engineering company M+W Zander has been awarded by REC ASA as contractor for the new PV manufacturing complex in Singapore. The order is valued in the three digit million Euros range.

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Source: Solar Power News