Moving Right Along (2)
Lead, follow, or get runover.
Had George Bush not been President, Al Gore might have subsidized renewable energy, giving all those housing investors somewhere useful to put their money.
Who knows, as another day passes.
According to the terms of the green energy investment agreement, Samsung C&T and KEPCO will establish and operate a series of wind and solar power clusters over the next 20 years. The clusters, which will be built in several locations throughout the province, will eventually include wind turbines that will generate up to 2,000MW as well as solar power facilities that will generate up to 500MW. The entire project will have a combined power-generating capacity of 2.5GW by 2016, producing energy equivalent to four per cent of Ontario`s total electricity consumption.
The Province plans to shut down all of its coal-fired power plants by 2014 and increase Ontario`s ratio of renewable power generation. Ontario is currently a North American leader in the adoption of green energy policies with its passing of the Green Energy Act in May 2009.
'The newly enacted green energy law is bringing forth a new green wave in Ontario as it comes into effect,' said Minister Duguid. 'By executing this project, the Ontario government will be one step closer to taking the lead in the North American green energy industry by securing the industrial infrastructure for low-carbon growth, creating new jobs and establishing a renewable energy cluster.'
Based in La Jolla, California, Padoma is developing about 4,000 megawatts (MW) of potential projects in California which, once built, will help the state meet its Renewable Portfolio Standard target of 33% of retail sales from eligible renewable energy resources by 2020.
Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's leading manufacturer of crystalline silicon photovoltaic (PV) modules, today announced it has signed three long-term supply agreements for up to 490MW of high performance solar modules to be delivered over the next three years.