First Solar to Supply Modules for Australia’s Largest Solar PV Installation Project at Adelaide Showground Will Highlight Advanced Photovoltaic Techno

First Solar to Supply Modules for Australia’s Largest Solar PV Installation Project at Adelaide Showground Will Highlight Advanced Photovoltaic Technology

TEMPE, Ariz.--April 29 2009 --First Solar, Inc. (Nasdaq: FSLR) announced today that it will supply photovoltaic (PV) modules to Solar Shop Australia, Pty Ltd. (Solar Shop), for a 1 megawatt (MW) DC rooftop project. The solar power system, installed on six separate buildings at the Adelaide Showground in South Australia, will be the largest PV installation in the country. The rooftop system is being commissioned by the Royal Agricultural and Horticultural Society of South Australia.

First Solar is the world’s largest manufacturer of thin film solar modules. The Company recently announced that it has produced 1 gigawatt of its PV modules since beginning commercial production. In addition, First Solar has the lowest manufacturing cost in the industry, having broken the $1 per watt price barrier by reducing its manufacturing cost to 98 cents.

“First Solar is proud to be supplying modules for the country’s largest PV system,” said John Carrington, First Solar executive vice president of marketing and business development. “This project will take one of Australia’s most abundant resources, sunlight, and convert it into clean, affordable electricity.”

“This project marks the beginning of what we expect to be a very promising future for solar energy in Australia,” said Carrington. “Australia’s policy initiatives have set the stage for the growth of affordable renewable energy, and First Solar’s advanced, cost-effective solar technology is a perfect fit.”

Solar Shop, in an alliance partnership with building and engineering company Build Environs Pty Ltd., will design and construct the 1 MW installation, which is expected to displace approximately 1500 tons of CO2 every year. Construction is anticipated to begin immediately and is expected to be completed by the third quarter of 2009. The power produced by the solar installation will be used predominantly at the Adelaide Showground site, displacing power generated from conventional sources.

“Solar Shop Australia is excited to be introducing First Solar’s modules into the Australian market and particularly for use on this project, Australia’s largest solar PV installation,” said Adrian Ferraretto, Solar Shop’s managing director. “Solar Shop determined First Solar’s modules offered the best option for the Showground after considering a number of other solar technologies and the client’s specific requirements.”

About First Solar

First Solar, Inc. (Nasdaq: FSLR) is changing the way the world is powered by creating truly sustainable solar energy solutions. First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV system solutions. By constantly decreasing manufacturing costs, First Solar is creating an affordable and environmentally responsible alternative to fossil-fuel generation. First Solar modules are most effective when demand for traditional forms of energy is at its peak. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first prefunded, comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com, or www.firstsolar.com/media to download photos.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

About Solar Shop

Solar Shop Australia is the largest provider of grid-connected solar systems in Australia, having installed 25 percent of all systems in 2008. Using quality components sourced globally and locally, the company has helped thousands of Australian homeowners realise the benefits of solar energy over the last ten years. Solar Shop Australia is now using this knowledge and experience to develop large scale commercial projects Australia-wide. For more information please visit www.solarshop.com.au.

Contacts First Solar, Inc.United States:Lisa Morse+1-602-414-9361media@firstsolar.comEurope:Brandon Mitchener+49-6131-1443-399media@firstsolar.com







Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

Solar Stocks News - Veeco Introduces “FastLine” Glass Coating Platform for Production of CIGS Thin Film Solar Cells

Solar Stocks News - Veeco Introduces “FastLine” Glass Coating Platform for Production of CIGS Thin Film Solar Cells

PLAINVIEW N.Y.-Veeco Instruments Inc. (Nasdaq: VECO), announced the introduction of its FastLine™ platform of Glass Coating Systems, leveraging Veeco’s proven PV-Series™ Thermal Deposition Sources. Veeco’s new FastLine platform is designed for high throughput, low cost of ownership production of CIGS (copper, indium, gallium and selenium) solar cells.

Piero Sferlazzo, Ph.D., Senior Vice President of Veeco’s Solar Equipment business, commented, “Veeco is now the only equipment company offering integrated production-scale solutions for CIGS manufacturing on glass using thermal evaporation sources for the CIGS/absorber layer. Customers can now choose Veeco to provide comprehensive, fully integrated equipment to manufacture CIGS solar cells, whether they choose to use our FastLine systems for glass or our FastFlex™ systems for flexible substrates.”

Thermal evaporation, as compared to other deposition methods, produces the highest efficiency thin film solar cells and has the lowest materials costs with high material utilization driving down the manufacturing cost per watt. Veeco’s FastLine systems can handle up to thirty 1.1m x 1.4m glass panels/hour. The modular architecture of the system allows customers to scale their output according to their needs.

The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has claimed a world record for CIGS thin-film solar cell conversion efficiency of 19.9 percent. The conversion efficiency for CIGS is now close to that of multi-crystalline silicon-based solar cells, according to NREL. This achievement was hailed as an important milestone because the efficiency of thin film solar cells is now achieving its goal of matching silicon in performance.

About Veeco

Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. We have leading technology positions in our three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments. Veeco’s manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona, Massachusetts and Minnesota. Global sales and service offices are located throughout the U.S., Europe, Japan and APAC. http://www.veeco.com/

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2008 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

Contacts Veeco Instruments Inc.InvestorsDeb Wasser, 1-516-677-0200 x 1472SVP Investor RelationsorTrade MediaFran Brennen, 1-516-677-0200 x 1222Senior Director of Marcom






Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

FPL Group Signs Solar Power Supply Agreement with SunPower Corp.

FPL Group Signs Solar Power Supply Agreement with SunPower Corp.


JUNO BEACH, Fla.--April 23 2009 --FPL Group (NYSE: FPL) and Silicon Valley’s SunPower Corp. (NASDAQ: SPWRA) (NASDAQ: SPWRB) today announced a supply agreement for SunPower’s high-efficiency solar panels and its SunPower® Tracker technology beginning in 2010 through 2012. In addition, SunPower has separately committed to locating a research and development center in Florida if the state continues its robust solar program.

Under the terms of the agreement, SunPower will supply its high-efficiency solar photovoltaic panels and proprietary tracking systems to FPL Group subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources.

“Our agreement with SunPower for competitively priced panels and systems represents a key milestone in the execution of our solar strategy. For NextEra Energy Resources, this agreement will further advance our solar development efforts in key markets such as Colorado, California, Arizona, and New Jersey. In addition, assuming continued support by Florida’s legislative and regulatory leadership for the deployment of solar power in Florida, this agreement benefits the state through the creation of more clean energy jobs and will help to ensure that our utility customers in Florida will get the best pricing and technology available for solar projects. SunPower’s success on the construction of the DeSoto Next Generation Solar Energy Center makes us confident in furthering this important relationship,” FPL Group President and COO Jim Robo said.

SunPower will also locate a research and development center employing up to 50 employees in Florida if the state government continues to support the deployment of additional solar energy. SunPower will work with FPL and the state to identify a suitable location for such a facility. Continued strong demand in Florida also could lead to manufacturing and distribution centers for solar panels and tracking systems being located in the state as well.

“FPL Group is the leader in providing renewable energy, having invested nearly $10 billion in growing that business. It’s already the world leader in deploying utility-scale solar and we believe that it will continue to be a driving force in the industry. We’re delighted to expand and strengthen our already successful partnership,” said SunPower CEO Thomas H. Werner.

Florida Projects

SunPower is currently working with FPL to build its DeSoto and Space Coast Next Generation Solar Energy Centers, which is bringing commercial-scale solar photovoltaic power to Florida for the very first time.

At 25 megawatts, the DeSoto plant, currently under construction, will be the largest photovoltaic solar facility in the nation when it is completed at the end of this year. The DeSoto Next Generation Solar Energy Center will use 90,000 photovoltaic panels on 180 acres of land and provide enough electricity to power more than 3,500 homes, which is more than 20 percent of the population in DeSoto County.

Common on rooftops, solar photovoltaic is the technology most people envision when they think of solar energy. Photovoltaic panels convert sunlight directly into electricity, which can be fed onto the electrical grid without the need of a turbine generator. Technological advances are now making photovoltaic panels practical on a large scale.

The DeSoto Next Generation Solar Energy Center will use SunPower’s solar panels, the highest-efficiency solar that is commercially available today, with its proven Tracker technology. The Tracker automatically follows the sun’s movement throughout the day, increasing sunlight capture by up to 25 percent over similar fixed systems. The facility is providing significant economic benefits to DeSoto County, creating more than 200 jobs during peak construction and providing more than $2 million in annual tax revenues by the end of 2010 to help boost the local economy.

The Space Coast Next Generation Solar Energy Center will also use SunPower’s high-efficiency solar panels and will commercially deploy its latest solar panel technology. This innovative technology will provide more electricity at a lower cost and will further solidify SunPower’s position as the world leader in producing the most efficient solar panels.

DeSoto and Space Coast are two of three solar projects representing 110 megawatts of solar power that FPL is building in Florida as a result of the commitment of Gov. Charlie Crist, the Florida Legislature and Florida Public Service Commission to promote renewable energy in the state.

Together, the three sites will prevent the release of nearly 3.5 million tons of greenhouses gases over the life of the projects, which is the equivalent of removing 25,000 cars from the road per year, according to the U.S. Environmental Protection Agency.

The three projects will make Florida No. 2 in the nation – after California – in generating electricity from the sun.

“With the continued leadership and commitment of Gov. Crist, the Legislature and the PSC, we can expand our deployment of clean solar energy solutions that create jobs now and that begin to address the urgent problem of climate change that, without action, threatens the future of our state,” Robo said.

About SunPower

SunPower Corp. (Nasdaq: SPWRA, SPWRB) designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.

FPL Group: Energy Solutions for the Next Era

FPL Group (NYSE: FPL) is a leading clean energy company with 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. Headquartered in Juno Beach, Fla., FPL Group’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country. Through its subsidiaries, FPL Group collectively operates the third largest U.S. nuclear power generation fleet. For more information about FPL Group companies, visit these Web sites: www.FPLGroup.com, www.NextEraEnergyResources.com, www.FPL.com.

SunPower: Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The companies use words and phrases such as “will” to identify forward-looking statements in this press release, including forward-looking statements regarding: (a) the future sale of SunPower solar panels and tracking systems under the agreement; (b) SunPower establishing a research and development center in Florida employing up to 50 employees; (c) the DeSoto plant becoming the largest photovoltaic solar facility in the nation when it is completed; and (e) the future environmental benefits of the DeSoto and Space Coast Next Generation solar facilities. Such forward-looking statements are based on information available to the companies as of the date of this release and involve a number of risks and uncertainties, some beyond their control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) solar panel manufacturing risks and the risks of the continuation of product materials from suppliers;; (ii) exercise of early termination rights under the supply agreement; (iii) any lack of continued support by Florida’s legislative and regulatory leadership for the deployment of solar power in Florida; and (ix) other risks described in SunPower’s Annual Report on Form 10-K for the year ended December 28, 2008, and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the companies' views as of any subsequent date, and the companies are under no obligation to, and expressly disclaim any responsibility to, update or alter their forward-looking statements, whether as a result of new information, future events or otherwise.

FPL Group and FPL: Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically express or involve discussion as to expectations, beliefs, plans, objectives, assumptions or future events or performance, climate change strategy or growth strategies and often, but not always, can be identified by the use of words such as “will,” “expect,” “believe,” “anticipate,” “estimate,” and similar terms. Forward-looking statements are not statements of historical facts and involve estimates, assumptions and uncertainties.

Although FPL Group, Inc. (FPL Group) and Florida Power & Light Company (FPL) believe that their expectations are reasonable, because forward-looking statements are subject to risks and uncertainties, the companies can give no assurance that the forward-looking statements contained in this press release will prove to be correct, including FPL Group’s and FPL’s expectations and assumptions with respect to the supply agreement with SunPower Corp. (SunPower) or FPL Group’s and FPL’s solar energy generation facilities and other development activities (including the DeSoto Next Generation Solar Energy Center and the Space Coast Next Generation Solar Energy Center). Important factors could cause FPL Group’s and FPL’s actual results to differ materially from those projected in the forward-looking statements in this press release. Factors that could have a significant impact on FPL Group’s operations and financial results, and could cause FPL Group’s and FPL’s actual results or outcomes, both generally and specifically with respect to the supply agreement with SunPower or FPL Group’s or FPL’s solar energy generation facilities and other development activities (including the DeSoto Next Generation Solar Energy Center and the Space Coast Next Generation Solar Energy Center), to differ materially from those discussed in the forward-looking statements include, among others:

SunPower’s inability to provide solar panels under the terms of the supply agreement Early termination of the supply agreement with SunPower Failure of the SunPower solar panels to perform to their specifications Changes in laws, regulations, governmental policies and regulatory actions regarding the energy industry and environmental matters, in particular with respect to the deployment of solar power Inability to complete construction of or capital improvements to the DeSoto Next Generation Solar Energy Center, the Space Coast Next Generation Solar Energy Center or other FPL Group or FPL power generation facilities Inability to obtain the supplies necessary for the construction, operation, and maintenance of the DeSoto Next Generation Solar Energy Center, the Space Coast Next Generation Solar Energy Center or other FPL Group or FPL power generation facilities Inability to obtain the required regulatory approvals and permits for the construction and operation of other FPL Group or FPL power generation facilities Inability of FPL Group or FPL to access capital markets or maintain its credit rating Inability to hire and retain skilled labor for the construction and operation of the DeSoto Next Generation Solar Energy Center or the Space Coast Next Generation Solar Energy Center, or other changes or disruptions related to FPL Group’s or FPL’s workforce General economic conditions Hazards customary to the operation and maintenance of power generation facilities, including unanticipated outages Unusual or adverse weather conditions, including natural disasters Transmissions constraints or other factors limiting FPL Group’s or FPL’s ability to deliver energy Volatility in the price of energy Failure of FPL Group or FPL customers to perform under contracts Increased competition in the power industry Changes in the wholesale power markets Costs and other effects of legal and administrative proceedings Terrorism or other catastrophic events These foregoing factors should be considered in connection with information regarding risks and uncertainties that may affect FPL Group’s or FPL’s future results included in FPL Group’s and FPL’s filings with the Securities and Exchange Commission, which may be found at www.sec.gov or at www.fplgroup.com.

Any forward-looking statement speaks only as of the date on which such statement is made, and FPL Group and FPL undertake no obligation to update or review any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which such statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of facts, may cause actual results to differ materially from those contained in any forward-looking statement.



FPL Group, Inc.Jackie Anderson, 305-552-3888orSunPowerHelen Kendrick, 408-240-5885






Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

Earth Day Renewable Energy Stocks Sector Close-Up on Solar Stocks; First Solar, Inc. (NASDAQ: FSLR), SunPower Corporation Shine for Investors

Earth Day Renewable Energy Stocks Sector Close-Up on Solar Stocks; First Solar, Inc. (NASDAQ: FSLR), SunPower Corporation Shine for Investors

Earth Day Solar Innovation Series with J. Peter Lynch; Announcing Today- Solar Energy is FREE!

POINT ROBERTS, WA —April 22, 2009, -- http://www.renewableenergystocks.com/,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks trading, Earth Day, April 22, 2009.

“While Earth Day continues to be largely symbolic the underlying core principals of individual responsibility for the quality of our environment and sustainable consumption continues to gain relevance at nearly every point of our lives and economies, offered Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX). I believe that there is an enormous green economy opportunity for governments and business that will create the jobs necessary to replace those lost in this economic downturn, while rebuilding wealth and sustainable growth for our future. Earth Day provides an opportunity to reflect and realize the need and the potential.”

Read solar stocks commentary and the latest column of “Renewable and Solar Energy Perspectives” with J. Peter Lynch at http://www.renewableenergystocks.com/PL/ . Read his newest columns, the Solar Innovations series, looking at private companies in the sector.

Renewablenergystocks.com Earth Day Solar Innovation Series with J. Peter Lynch; Announcing Today- Solar Energy is FREE!

The second in our “Solar Innovation Series” is a creative financial innovation that could sweep the nation and literally make SOLAR ENERGY for all practical purposes FREE to the average homeowner. It does NOT need a string of technical breakthroughs or new scientific discoveries all it needed is a little bit of financial innovation – simple as that.
If making money by investing in energy efficiency improvements and solar systems for our homes is so obviously needed and is also a good investment. Why do so few of us move forward and do it?
More: click here

Solar Stocks Sector Close-Up, Trading April 22, 2009

Akeena Solar Inc. (NASDAQ:AKNS) trading at $ 1.15, up $ 0.01 (0.88%)
Evergreen Solar Inc (NASDAQ:ESLR) trading at $ 2.19, up $0.05 (2.34%) 1:43pm ET
First Solar, Inc. (NASDAQ: FSLR) trading up at $146.45, gains of $ 6.31 (4.50%) 1:45pm ET
JA Solar (Nasdaq: JASO) trading at $3.24, up $0.20 (6.58%) 1:47pm ET
LDK Solar ADR (NYSE: LDK) trading at $7.72, up $ 0.29 (3.90%) 1:43pm ET
SunPower Corporation (NasdaqGS: SPWRA) trading $27.60, gains of $2.30 (9.09%) 1:49pm ET
Trina Solar Limited (NYSE: TSL) trading up at $13.14, up $ 0.53 (4.20%) 1:51pm ET
Yingli Green Energy (NYSE: YGE) trading at $6.55, up $ 0.34 (5.48%) 1:52pm ET
XsunX Inc: (OTCBB: XSNX) trading unchanged at $0.16

For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

Featured Showcase Solar Stock:

XsunX Inc. (OTCBB: XSNX)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts as soon as possible. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/


About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.

Submit green news and press releases: click here

Renewable Energy Stocks Directory and water stocks directory: Research solar stocks
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory including global solar stocks. Learn more: http://www.investorideas.com/membership/

About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp
Compensation disclosure for XSNX
http://www.investorideas.com/About/News/Clientspecifics.asp

For more information contact:

Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Source: RenewableEnergyStocks.com, Investorideas.com, XSNX

First Solar Secures Financing for 53 Megawatt Solar Power Plant in Germany

First Solar Secures Financing for 53 Megawatt Solar Power Plant in Germany
Former Military Land Being Remediated, Converted to Renewable Energy Resource

TEMPE, Ariz.--April 21 2009 --First Solar, Inc. (Nasdaq: FSLR) and Juwi Holding AG today announced they have secured financing for a 53 megawatt (MW) DC photovoltaic (PV) power plant near the German city of Cottbus.

More than 80 percent of the required project capital is financed through non-recourse debt from a consortium of banks. First Solar and Juwi intend to sell the majority of the project after its completion. Construction of the project began in January 2009, and the first 15MW have been completed. The remaining 38MW are scheduled to be completed by the end of 2009.

The project is being constructed on 162 hectares of land that is part of the Soviet Army’s former 26,000 hectare Lieberose training area north of Cottbus in eastern Germany. The project’s low cost enables the required return to fund an attractive land lease for the State of Brandenburg. The lease, in turn, finances the environmental cleanup of this former military zone, which is littered with tons of land mines, grenades and other munitions.

Matthias Platzeck, minister president of the German state government of Brandenburg, where Lieberose is located, said the project is a model for the conversion of former military land to productive use. “This kind of project helps us heal the scars of the Cold War and meet our ambitious targets for renewable energy production at the same time,” he said.

“First Solar’s mission is to enable a world powered by clean, affordable solar electricity,” said Stephan Hansen, managing director, First Solar GmbH. “This project alone is expected to displace approximately 35,000 tons of C02 emissions a year. But we are particularly proud of this project because it adds an additional element to ‘clean.’ Not only will the project produce clean electricity, but it will also result in the removal of hazardous munitions from this project site.”

Upon completion, the PV power plant will consist of approximately 700,000 modules and is projected to be the largest in Germany—producing enough power to provide for the annual electricity needs of more than 14,000 homes—and the second largest worldwide.

“The sheer size of the project helps us achieve economies of scale that are a significant factor in helping PV energy become competitive with fossil fuels and to be able to provide an increasing contribution to national renewable energy targets,” said Hansen.

Brandenburg Economics Minister Ulrich Junghanns said the project underlines the state’s credentials as an energy producer. “The Lieberose project will shine far and wide and help Brandenburg solidify its top billing as a center of solar power production,” he said.

Matthias Willenbacher, Juwi chief executive, said, “Large projects like this one demonstrate that solar power is already capable of making significant contributions to addressing climate change.” With this project, Juwi, using First Solar modules, has developed the three largest PV power plants in Germany.

About First Solar

First Solar, Inc. (Nasdaq: FSLR) manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com/, or www.firstsolar.com/media to download photos.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

About the Juwi Group

The Juwi Group (http://www.juwi.de/) was founded in 1996 by Matthias Willenbacher and Fred Jung. The CEOs together transformed the company from a two-person operation focusing on wind farm project development into an internationally active group with around 500 employees and an annual turnover of more than 400 million euros. As well as solar power and bioenergy, Juwi also specializes in wind and water power, and geothermal energy. To date, Juwi has installed more than 300 wind turbines producing a total output of over 450 MW, while in the solar sector, Juwi has set up around 800 PV systems with a total capacity of more than 220,000 KW as of December 2008. Willenbacher and Jung also share a common goal: energy supply from purely regenerative sources - 100% dedication to 100% renewable energies. The "100% renewable" campaign embodies this goal.

Contacts First Solar, Inc.U.S.:Lisa Morse+1-602-414-9361media@firstsolar.comEurope:Brandon Mitchener+49-6131-1443-399media@firstsolar.com






Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

First Solar to Build 48 Megawatt Photovoltaic Power Plant for Sempra Generation in Nevada

First Solar to Build 48 Megawatt Photovoltaic Power Plant for Sempra Generation in Nevada

The Solar Project Would Be the Largest PV Installation in North America

TEMPE, Ariz.--April 15 2009 --First Solar, Inc. (Nasdaq: FSLR ) today announced it has executed an agreement to build a 48 megawatt (MW) AC ground-mounted photovoltaic (PV) power plant for Sempra Generation. This project would expand the 10MW AC power plant First Solar completed for Sempra Generation in 2008, which is located near Boulder City, Nev.

First Solar will design, engineer and construct the PV power plant. The Company expects to begin construction in 2009. Once construction is completed in 2010, the combined 58MW AC project is expected to be the largest PV power plant in North America.

“We are pleased to have the opportunity to expand this 10MW project to 58MW—more than five times its original size, advancing our mission of providing clean, affordable solar electricity,” said John Carrington, First Solar executive vice president of marketing and business development. “Sempra Generation’s decision to use First Solar in expanding the El Dorado solar plant demonstrates our ability to provide a cost-effective energy solution for utility scale projects.”

As is the case with the original 10MW AC solar plant, the 48MW AC project will be constructed adjacent to Sempra Generation’s existing 480MW El Dorado Energy power plant, located about 40 miles southeast of Las Vegas. Sempra Generation will own and operate the PV power plant. The agreement is conditioned upon Sempra Generation executing a power purchase agreement with a utility customer for the electricity generated by the PV power plant and applicable state and local regulatory approvals.

About First Solar

First Solar, Inc. (Nasdaq: FSLR ) manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com, or www.firstsolar.com/media to download photos.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

Contact:First Solar, Inc.Lisa Morse602-414-9361media@firstsolar.com







Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

Renewable Energy Stocks Sector Close-Up on Solar Stocks

Renewable Energy Stocks Sector Close-Up on Solar Stocks

SunPower Corporation (NasdaqGS: SPWRA) trading at $ 25.94, up $ 2.54 (10.85%)


POINT ROBERTS, WA —April 9, 2009, 2009 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks trading April 9, 2009.
SunPower Corporation (NasdaqGS: SPWRA) was trading at $ 25.94, up $ 2.54 (10.85%) 2:03pm ET.

SunPower Corporation (Nasdaq: SPWRA) designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance.

Renewable Energy Stocks solar expert, J. Peter Lynch commented, “Solar Stocks are still down for the last quarter, but are quietly starting to show some significant technical strength. A month ago only 3 of the 21 stocks we follow was trading over its 50 day moving average, today 16 of 21 are trading above their 50 day moving average. In addition a month ago NONE of our stock had positive momentum, now 20 of our 21 stocks have positive momentum. It looks like the market is really starting to discount the slower growth projected for 2009 and looking ahead to a strong 2010 and 2011.”

Read solar stocks commentary and the latest column of “Renewable and Solar Energy Perspectives” with J. Peter Lynch at http://www.renewableenergystocks.com/PL/ . Read his newest columns, the Solar Innovations series, looking at private companies in the sector.

Solar investors can also track the Ardour Solar Energy Index (^SOLRX) (Market, News), a compilation of global solar energy stocks in three primary solar energy sectors: Photovoltaics, Solar Thermal, and Solar Lighting for sector indications.

Solar Stocks Sector Close-Up, Trading April 9, 2009

Akeena Solar Inc. (NASDAQ:AKNS) trading at $ 1.25, up %0.08 (6.84%) 1:43pm ET
Evergreen Solar Inc (NASDAQ:ESLR) trading at $ 2.22, up $ 0.09 (4.23%) 1:58pm ET
First Solar, Inc. (NASDAQ: FSLR) trading at $ 142.50, gains of $ 6.81 (5.02%) 2:00pm ET
JA Solar (Nasdaq: JASO) trading at $ 3.39, up $ 0.23 (7.28%) 2:00pm ET
LDK Solar ADR (NYSE: LDK) trading at $8.09, up $0.35 (4.52%) 2:00pm ET
SunPower Corporation (NasdaqGS: SPWRA) trading at $ 25.94, up $ 2.54 (10.85%) 2:03pm ET
Trina Solar Limited (NYSE: TSL) trading at $12.98, up $ 0.70 (5.70%) 2:04pm ET
Yingli Green Energy (NYSE: YGE) trading at $7.20, up $0.62 (9.42%) 2:07pm ET
XsunX Inc: (OTCBB: XSNX) last at $0.16, up 3.33%

For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

Featured Showcase Solar Stock:

XsunX Inc. (OTCBB: XSNX)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts as soon as possible. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/


About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.

Submit green news and press releases: click here

Renewable Energy Stocks Directory and water stocks directory:
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory. Learn more: http://www.investorideas.com/membership/

About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.

Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp
Compensation disclosure for XSNX
http://www.investorideas.com/About/News/Clientspecifics.asp

For more information contact:

Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Source: RenewableEnergyStocks.com, Investorideas.com, XSNX

$10M from GE and Current Investors Plus Federal Stimulus Incentives Propel Southwest Windpower’s Expansion in Small Wind Turbines

$10M from GE and Current Investors Plus Federal Stimulus Incentives Propel Southwest Windpower’s Expansion in Small Wind Turbines


FLAGSTAFF, Ariz.--April 6 2009 --One month after the adoption of federal tax credits to propel small wind energy growth in the United States, GE (NYSE: GE) is joining current investors to provide $10 million to the world’s largest manufacturer of small wind turbines, Southwest Windpower. Southwest Windpower—designer and producer of small wind turbines up to 3 kW—will use this new funding to accelerate its growth in new markets and products. Other current investors that participated are Altira; Rockport Capital Partners; NGP Energy Technology Partners; and CTTV Investments LLC, the venture capital arm of Chevron Technology Ventures.

“Renewable energy is a critical component of the world’s energy mix, and small, more affordable wind energy will be a key new energy alternative,” said Frank Greco, CEO of Southwest Windpower, based in Flagstaff. “This new capital funding will allow us to expand our markets, helping to bring cost-effective small wind energy to new residential, commercial, and off-grid customers.”

The company did not publicly break down the investment amount for each firm participating in the funding round, the capital for which will help Southwest Windpower develop new markets, grow its sales offices in Europe, and expand in Asia. The funds also will help expand the company’s product line to develop even more efficient wind systems. Southwest Windpower has grown 3.5 times in annual sales volume over the last 4-year period at a Compound Annual Growth Rate of nearly 37%.

Much of the growth will center on the market expansion and continued enhancement of Skystream, a residential-scale wind generator that produces electricity up to 60 percent cheaper than retail electricity, bringing renewable energy options to residential consumers and commercial outlets. Skystream’s unique plug-and-play design allows the user to connect directly to the electric grid. For a residential home, Skystream can provide anywhere from 40 – 90% of the home’s electricity, depending on their consumption and wind resource. Southwest Windpower is developing new applications for the Skystream system, including commercial uses such as powering light poles for parking lots or municipalities and multiple unit installations for remote electrification.

“The new federal stimulus incentives and the company’s product performance improvements enable Southwest Windpower to offer renewable electricity at attractive rates in different regions of the country,” said Kevin Skillern, managing director and leader of venture capital at GE Energy Financial Services. “In many applications, Southwest Windpower offers the most economic distributed renewable generation technology, and GE is helping the company accelerate adoption of that technology.”

The US economic stabilization and fiscal stimulus laws enacted in late 2008 and early 2009, which allow consumers and small businesses to take a 30% tax credit off the installed cost of a wind turbine, are expected to fuel Southwest Windpower’s continued growth. The American Wind Energy Association predicts the federal incentives, on top of a growing number of state incentives, could help the small-turbine market grow 30-fold in as few as five years.

About Southwest Windpower

Flagstaff Arizona-based Southwest Windpower is the world’s largest producer of small wind generators (400-3000 watts). The 22-year old company has been a pioneer in the development of wind technology and has produced over 130,000 generators that provide power to residential homes, remote cabins, telecom transmitters, offshore platforms, water pumping and sailboats. Southwest Windpower distributes in more than 88 countries.

On the Web: www.windenergy.com

About GE Energy Financial Services

GE Energy Financial Services’ experts invest globally with a long-term view, backed by the best of GE’s technical know-how, financial strength and rigorous risk management, across the capital spectrum, in one of the world’s most capital-intensive industries, energy. GE Energy Financial Services helps its customers and GE grow through new investments, strong partnerships and optimization of its more than $22 billion in assets. In renewable energy, GE Energy Financial Services is growing its portfolio of more than $4 billion in assets in wind, solar, biomass, hydro and geothermal power. GE Energy Financial Services is based in Stamford, Connecticut. For more information, visit www.geenergyfinancialservices.com.

About Rockport Capital Partners

RockPort Capital Partners is a venture capital firm based in Boston that invests energy and power technologies, advanced materials and process and prevention technologies. The firm is committed to companies with breakthrough technologies that deliver significant economic value to large potential markets.

On the Web: www.rockportcap.com

About Altira Group

Altira Group LLC is a Denver-based private equity and venture firm that has profitably invested in energy technology companies for over 12 years. Their portfolio includes companies in both the traditional and renewable energy sectors. Altira pursues opportunities to commercialize transformative technologies that drive efficiency and productivity gains throughout the energy value chain while reducing the carbon footprint. Altira is currently investing out of its fifth fund. The typical initial investment in a portfolio company is in the $5-$15 Million range, with follow-on investments as warranted. Altira seeks investment opportunities led by experienced and dedicated management teams who are commercializing new energy technologies with high growth potential.

On the Web: www.altiragroup.com

About CTTV Investments LLC

CTTV Investments LLC (CTVI) is the venture capital arm of Chevron Technology Ventures. CTVI uses a world-class venture capital model to identify and access technologies from early-stage companies that have the potential to strengthen Chevron’s core operations.

On the Web: www.chevron.com/technologyventures

About NGP Energy Technology Partners

NGP Energy Technology Partners, L.P. is a Washington, D.C.–based $148 million fund investing growth equity capital in companies providing technology-related products and services to the oil and gas, power and alternative energy sectors. The fund is managed by investment professionals with extensive experience investing in virtually all types of energy technologies and a strong track record of helping companies grow, create value, and establish strategic partnerships. NGP Energy Technology Partners is an affiliate of NGP Energy Capital Management, a $4.2 Billion firm based in Irving, Texas that invests in all sectors of the energy industry.

On the Web: www.ngpetp.com

Editor’s Note: Caption for accompanying photo: GE Energy Financial Services is joining other energy investors to provide Southwest Windpower with $10 million in funding to accelerate its growth in new markets and products.

TV news B-roll of Southwest Windpower’s Skystream, a residential-scale wind generator, is available for download at http://www.geenergyfinancialservices.com/RenewablesInvestments/default.asp.



Contacts Southwest WindpowerMiriam Robbins, +1-928-779-9463miriam@windenergy.com







Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

First Solar Completes Acquisition of OptiSolar's Photovoltaic Project Pipeline

First Solar Completes Acquisition of OptiSolar's Photovoltaic Project Pipeline

TEMPE, Ariz.--April 3 2009 --First Solar, Inc. (Nasdaq: FSLR) today announced that it has completed its acquisition of OptiSolar’s photovoltaic project pipeline. First Solar expects to construct the solar power plants developed under the pipeline over the next several years and sell them to a combination of regulated utilities, diversified energy companies and other independent power producers.

In addition, the core development team responsible for assembling and executing on the solar project pipeline has joined the First Solar development team. First Solar acquired all of OptiSolar’s project development business in an all-stock transaction valued at approximately $400 million. As a result of the closing today, First Solar will issue approximately 3 million shares of common stock representing a dilution of about 3.5 percent. This is less than the approximate 5 percent dilution expected when the acquisition was announced, due to recent appreciation in the price of shares of the Company’s common stock.

About First Solar

First Solar, Inc. (Nasdaq: FSLR ) manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water or air emissions, and no waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com, or www.firstsolar.com/media to download photos.

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. Some important risks specific to the acquisition include the satisfaction of closing conditions for the acquisition and the possibility that the transaction may not be completed, and potential difficulties associated with integrating the acquired project businesses into First Solar’s existing operations. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

Contact:First Solar, Inc.Lisa Morse602-414-9361






Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

NextEra™ Energy Resources launches the EarthEra Renewable Energy Trust to Accelerate America’s Move to a Clean Energy Future

NextEra™ Energy Resources launches the EarthEra Renewable Energy Trust to Accelerate America’s Move to a Clean Energy Future
100 Percent of All EarthEra Revenue Used to Build New Wind and Solar Facilities

JUNO BEACH, Fla.--April 1 2009 --NextEra Energy Resources, a subsidiary of FPL Group, Inc. (NYSE:FPL) and the largest wind and solar energy producer in North America, today announced the launch of the EarthEra Renewable Energy Trust and associated renewable energy products.

The EarthEra Renewable Energy Trust provides an innovative way for businesses and consumers to make a difference in the fight against climate change with confidence that every penny they spend is going directly to the construction of new wind and solar energy projects.

When businesses purchase EarthEra renewable energy certificates (RECs) to meet their own sustainability or green energy goals, 100 percent of the proceeds go into the EarthEra Renewable Energy Trust, which in turn allocates 100 percent of those funds directly to the construction of new wind and solar renewable projects. The EarthEra Renewable Energy Trust is administered by U.S. Bank and all marketing, administrative and other overhead expenses are paid by NextEra Energy Resources. All renewable energy projects built by the proceeds from the Trust will be owned and managed by NextEra Energy Resources or its subsidiaries, the largest and most experienced wind and solar energy producer in North America.

“EarthEra makes it easy for businesses to mitigate their own impact on the environment and achieve their sustainability goals while having confidence that they are making a tangible, meaningful difference by accelerating the construction of new wind and solar projects,” said Mark Maisto, president of Commodities and Retail Markets for NextEra Energy Resources. “With the EarthEra Renewable Energy Trust, our customers can be confident that every penny they spend is contributing to clean energy jobs, moving America toward long-term energy independence and helping to address climate change.”

Leading businesses have already committed more than $5 million to the Trust by purchasing EarthEra products to offset the carbon impact of business operations and to meet their green energy requirements. Companies and institutions such as Sony Electronics Inc., Office Depot, HSBC-North America, REI, Norwegian Cruise Lines, GOOD, University of Denver and Loyola Marymount University have joined in the fight against climate change with NextEra Energy Resources through the EarthEra Renewable Energy Trust.

“Office Depot is proud to be a founding participant in the EarthEra Renewable Energy Trust,” said Yalmaz Siddiqui, Director of Environmental Strategy for Office Depot. “We want to actively support innovations, such as the EarthEra Program, that drive the transition to a low carbon economy, and our purchase of EarthEra Renewable Energy Trust Certificates helps us do that.”

“As an outdoor retailer, we work to balance the energy needs of our stores with our commitment to the environment. To accomplish this, REI is focused on reducing energy use and generating renewable power in our facilities wherever possible. Participating in the EarthEra Renewable Energy Trust allows us to expand upon these efforts by investing in clean, renewable power that will support a healthier environment for everyone to enjoy,” said Sharon Im-Lee, REI’s energy manager.

Companies can purchase EarthEra RECs to help offset the energy impact of their business operations or meet other sustainability goals with 100 percent of the proceeds going to new renewable energy projects through the EarthEra Renewable Energy Trust.

“While there is no substitute for federal action on climate change, programs like EarthEra are important in providing a diverse group of parties the opportunity to join together to make a difference,” said Nathanael Greene, Director of Renewable Energy Policy for the Natural Resources Defense Council. “As a leader in the renewable energy market, NextEra Energy Resources is showing how we can grow our economy and fight global warming.”

“We applaud NextEra Energy Resources for accelerating the creation of new renewable energy and for helping to bring renewable energy into the mainstream,” said Michael T. Eckhart, president of The American Council on Renewable Energy. “By launching the EarthEra Renewable Energy Trust and products, consumers and businesses now have an easy and transparent way to invest in America’s renewable energy future.”

Consumers can also help in the fight against climate change by reducing their carbon footprint at home. By visiting the EarthEra Web site at www.EarthEra.com consumers can access a carbon calculator to learn how they can reduce their carbon footprint and join the EarthEra community.

About NextEra Energy Resources

NextEra Energy Resources is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based FPL Group (NYSE: FPL), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the FPL Group nuclear fleet, which is the third largest in the U.S. FPL Group had 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. For more information, visit these Web sites: www.NextEraEnergyResources.com, www.FPLGroup.com.

Contacts NextEra Energy ResourcesSteve Stengel, 888-867-3050orKelly McDonald, 404-879-9170




Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content