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Tokyo (AFP) May 13, 2010 Japanese trading house Sojitz Corp. is planning to enter the solar power generation business through a 100 million dollar investment in a US firm, it was reported Thursday. Sojitz will take a minority stake in California-based Solar Power Partners Inc. The third-largest US solar power developer plans to build up to 10 solar farms by 2015, the business daily Nikkei reported. The move comes as the US solar power generation market is expected to grow by 40 percent under President Barack Obama's new energy policy, it added. Japanese manufacturers will supply solar panels through Sojitz to the US partner. Sojitz's investment will amount to about 10 billion yen, comprising the investment in Solar Power Partners and the investment in a solar farm operator to be created by the US developer, which has already developed 50 farms, it said. Officials of Sojitz were not immediately available for a comment.
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IEA has high hopes for solar powerValencia, Spain (UPI) May 11, 2010 Solar energy could account for up to one-quarter of the world's electricity by 2050, the International Energy Agency said Tuesday. Photovoltaic cell technology and concentrating solar power together could generate 9,000 terawatt hours of power in 2050 - almost one-quarter of global demand. This would cut carbon emissions by almost 6 billion tons, the IEA said Tuesday upon publishing tw ... read more |
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