Solar energy is being shouted from American rooftops—literally. United States Energy Secretary Steven Chu announced the government is offering a conditional commitment to partially guarantee a $1.4 billion loan to support Project Amp which will install solar panels on the roofs of industrial buildings across the country. The electricity generated from those panels will contribute directly to the electrical grid and won’t be used to power the buildings where they are installed.
Eurus Energy America and NRG Solar are collaborating to build the largest solar photovoltaic (PV) generating facility in California. When operating at full capacity, the three Avenal zero-emission solar projects—Avenal Park, Sun City, and Sand Drag—will generate a total of 45 megawatts (MW). That is enough power to meet the needs of 36,000 homes.
Dynegy Inc. announced it will be acquired by an affiliate of The Blackstone Group L.P. The deal is valued at approximately $4.7 billion, which includes the assumption of existing debt. Under the terms of the merger agreement, Dynegy stockholders will receive $4.50 in cash for each outstanding share of Dynegy common stock they own.
NRG Energy, Inc. is publicly applauding new legislation aimed at facilitating electric vehicles. The Electric Drive Vehicle Deployment Act of 2010, introduced May 27in the United States Congress, will establish the charging infrastructure and incentives needed for wide-scale adoption of electric vehicles in critical geographic regions.