Google Invests $80 Million to Open 6 Solar Energy Plants

        Google is investing $80 million in 6 new solar plants in California and Arizona that the company says will provide enough electricity for 17,000 homes in the United States. The investment is Google's 14th in renewable energy. The company has so far put more than $1 billion behind solar and wind projects since April 2010. Google is partnering with investment firm KKR for the venture; the lead developer is Recurrent Energy.
       According to a Google blog post, the projects have a combined capacity of 106 megawatts. A typical coal power station produces 600-700 megawatts while a nuclear power plant puts out 900-1,300 megawatts. Google currently gets 33% of its energy from renewable sources, but hopes to be 100% reneawble at some point.

(877) 20-SOLAR Introduces Solar Power to Burbank with 0 Out-Of-Pocket Costs

         The leading Burbank solar energy company, Solar Center, is pleased to announce that their new (877) 20-SOLAR subsidiary is now offering zero down solar energy systems in Burbank. (877) 20-SOLAR is dedicated to serving every aspect of the Burbank solar energy market.
         Solar Center offers leasing options, with an extremely small upfront payment, that's usually around $1,000 but sometimes as low as zero, that allows homeowners to start saving money immediately. Homeowners can also purchase a system and earn an extremely attractive return, typically around 20% per year on the investment. Typical payback periods for solar systems today are approximately 6-8 years, although with leases the paybacks can be instant. As the solar industry has grown and matured over the last decade, the cost of putting solar panels on homes has decreased significantly. There's never been a better time to switch over to renewable clean energy than now and to Go Solar.
         Solar Center is one of a select group of Burbank solar power distributors who can offer the highest efficiency solar panels on the market, those manufactured by SunPower. With SunPower, the Solar Center can tailor a solar panel installation to specific needs and lifestyles, so customers get maximum Burbank solar energy performance without a maximum investment. Also, the provided experienced service and craftsmanship meets the highest standards set by the AAMA (The American Architectural Manufacturers Association).

President Obama Commits to Solar Power Investments

President Obama discusses about solar power to the audience during a stop in Nevada. Solar power will be part of a new initiative to bring electricity to millions of people in sub-Saharan Africa.

          Along with more than $9 billion in private investments, the United States will be committing more than $7 billion in the next five years towards bringing electricity to millions of people in sub-Saharan Africa, President Obama had said on Sunday in South Africa. "Access to electricity is fundamental to opportunity in this age," Obama said in announcing the solar initiative, known as Power Africa. "It's the light that children study by, the energy that allows an idea to be transformed into a real business. It's the lifeline for families to meet their most basic needs. And it's the connection that's needed to plug Africa into the grid of the global economy."
        Sub-Saharan Africa compromises 48 nations. Among the countries to be targeted initially are Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania. "These countries have set ambitious goals in electric power generation and are making the utility and energy sector reforms to pave the way for investment and growth," the White House said. The more than $7 billion in United States investment will include up to $5 billion in support from the United States Export-Import Bank.
       "More than two-thirds of the residents of sub-Saharan Africa lack access to power," the president said. "In rural areas of the region, more than 85% of people don't have electricity. Power Africa will deliver electricity to cities, villages, and farms throughout sub-Saharan Africa." According to the International Energy Agency, sub-Saharan Africa will need more than $300 billion in investment to provide power for everyone by 2030. "Power Africa will supply electricity to at least 20 million households and businesses," the White House said.

Google itself Helps Solar Energy Project

      Involved in its green energy investments, Google has set its eyes on the Jasper Power Project, a South African solar power plant. This investment alone totals to $12 million and claims to be the first project that Google has invested in, pertaining to the location being Africa. However, the $12 million investment provided by Google is not the total investments spent for South Africa for many investors are involved in this as well.
      The Jasper Power Project will be a photovoltaic plant, which will have the capacity to generate 96 megawatts of clean energy for residents of South Africa. The project will not only help meet the country's renewable energy goals but also provide long-term jobs and economic development opportunities.
     "Back in 2008, South Africa experienced a severe energy shortage, which resulted in blackouts throughout the country and slowed down economic growth," writes Google energy and sustainability director Rick Needman on May 30, 2013. "Since then, the South African government has been actively supporting the growth of new sources of electricity to power the nation ... Given South Africa's position  as an economic powerhouse in Africa, a greener grid in South Africa can set an example for the whole continent."

The Jasper Power Project is located in the Northern Cape Province of South Africa, near Potmasburg

Once constructed, the project will use solar panels such as these

South Korean Firm Installs Solar Power Plant in Pakistan

      Pakistan's largest province, Baluchistan, by area, is rich in mineral resources, but while it is highly strategically located near Iran and the rest of Pakistan, it remains quite underdeveloped. Over the past few years, foreign companies have forged partnerships with the provincial government for extraction of valuable minerals from the area. Presently now a South Korean company plans to develop a solar power plant, which will help bring prosperity and growth to the region.
       CK Solar Korea has signed a Memorandum of Understanding with the Baluchistan government to set up a 300 megawatt solar power project near the province's largest city, Quetta. The project is expected to require a total investment of $900 million and is to be completed by 2016. This project is to aid and bring relief to the province, which like the rest of the country, is suffering from extreme power shortages.
       Provincial Secretary of Energy, Fuad Hashim Rabbani, claims that "this project will help overcome the shortfall of electricity in Baluchistan. The project will provide green energy particularly in areas where there is no conventional electricity option." He also adds, "Currently, the local population of targeted areas are using kerosene lanterns, which is hazardous to the health and non-economical due to the intermittent price hike." He also notes that electricity to medical facilities such as hospitals, Basic Health Units and installation of solar street lights were amongst the major benefits of the project.
       In addition, the project will help the province increase in self-reliance in terms of the energy industry. While the province is the gateway to Pakistan's much needed energy supplies from the neighboring country Iran, it lags behind most parts of the country in economic development. Despite being very rich in natural resources and being the largest province in the country, Baluchistan's contribution to Pakistan's gross domestic product has been less than 5% between years 1973 and 2000.

Closer Details of Mosaic's Crowdfunding Projects

       Mosaic, a solar crowdfunding service, had announced on Monday that it had received permission from California securities regulators to offer $100 million in new investment opportunities in the state. Therefore, on Tuesday, the first of the projects Mosaic had to offer, which was a 114-kilowatt array on the roof of the Ronald McDonald House in San Diego, was quickly fully subscribed. It only took Californians simply 6 hours to invest $157,750 in the project, which happened to offer a 4.5% annual return.

2012 Mosaic-financed project in Oakland

"The future is distributed clean energy, funded by the people. These are investments in infrastructure and they offer competitive returns," Mosaic President and Founder Billy Parish said. "More projects will be coming online soon."
        The public is already prepared for such projects to be offered for Mosaic had originally launched in January with four projects totaling to an amount of $313,000 and had sold out in less than 24 hours. More than 400 investors had invested between the amounts of $25 and $30,000, with the average investment being approximately $700.
        Solar financing in the United States is said to be held mainly in the province of Wall Street, with the likes of big corporations as Citi, Credit Suisse and U.S. Bancorp reaping the returns from the steadily growing industry. By Mosaic existing, it is trying to overturn the way things are (especially the way solar financing is done) at a very small scale to start.
        However, questions are arising as to whether crowdfunding solar might put inexperienced investors at risk. A recent analysis by Rocky Mountain Institute consultant Jessie Morris largely put those fears to rest, while recognizing that returns never came without risks. Not only this but Mosaic has moved to backing up its claim to offer "high-quality projects" by backing truSolar, an effort to develop standards for rating solar projects by risk. Founding members of truSolar include Mosaic, DuPont, PricewaterhouseCoopers, the Rocky Mountain Institute, Booz Allen Hamilton, the National Renewable Energy Laboratory and Assurant.

Solar Market Needs Investors

       According to Solar Energy Industries Association (SEIA), the cost to install solar panels is declining as the solar panel prices have dropped 41% last year compared to 2011. This, in turn, has helped United States solar installations grow 75% in 2012, from the amount of 1,855 megawatts in 2011 to 3,300 megawatts. Because of this steady growth in the solar market, researchers believe that by 2016, solar installations will continue to progress to an estimating amount of 9,000 megawatts.
      However, because there is a lack of investments in the solar market field, these solar projects will never be built or obtained. Bloomberg New Energy Finance forecasts that the industry will need $3.1 billion of equity investment in 2013, compared to $1.8 billion in 2012. Also, Environmental Defense Fund (EDF) is committed to helping expand the number of investors in solar projects as the opportunity of investing in such projects would yield much profit and it will enhance sustainability in society today.
      Large investors are able to choose between two strategies in terms of investing in these solar projects. The commonly used method would include making investments in large, utility scale projects. For example, recently, there have been residential solar developers creating funds for investors to take stakes in a large number of residential and small commercial solar projects. The other strategy is to have homeowners, whom don't have the upfront capital to purchase solar systems (which estimates the cost up to $15,000 or more), given the option to pay nothing down for solar equipment.
    EDF continues to plan an effort to reach out to potential solar investors to make the environmental case for investing in solar and other renewable projects. After all, investing in solar energy helps spur economic development, create American jobs, allow for energy independence and lessen our carbon footprint.

African huts glow with solar power

KIPTUSURI, Kenya - Sara Ruto's yearn for electricity began with a purchase of her first cellphone for receiving money transfers, contacting relatives, or even calling nearby markets for the prices of chicken. However, powering her phone was no simple matter, due to the fact that there is no electricity to begin with in farming villages residing in Kenya. Therefore, Ruto walked 2 miles to hitch a 3 hour ride on a motorcycle taxi bound to Mogotia, the nearest town with electricity  to charge her phone for 30 cents. It doesn't end there; with such high demand of locals needing to charge their phones, Ruto has no choice but to leave her phone there for 3 days before returning home. However, Ruto's distressful routine ends in February when the family saves up their money as well as selling their cattle for a solar panel made from China costing them $80 but well worth the investment. The solar panel provides enough electricity to charge their phones and also running 4 overhead lights with switches. Ever since Ruto had hooked up her solar panel, her children of six drastically improved their school grades from having light in their home as well as avoiding burns from kerosene lamps.

Sara Ruto holds a small solar-powered LED light, part of a system that also charges cell phones, at her home in Kiptusuri, Kenya. Ruto, who used to travel miles to charge her mobile phone at the nearest town with electricity, purchased a solar panel for about $80 to charge her phone and power several lights.

Ed Ou / New York Times News Service

Thanks to this solar panel, Sara Ruto no longer takes a three-hour taxi ride to a town with electricity to recharge her cellphone.(Ed Ou/The New York Times)

Goldman Sachs' view on renewable energy

Goldman Sachs and his viewpoint on solar technology had brought a big inspiration and created a turning point to the insights of solar energy. Let's take our time and view Goldman Sachs' vision and expansion in renewable energy that may be a profitable investment trend in the market.