Archive for Business / Economics

LightWave Solar Opens Knoxville Office

Steve Johnson.Steve Johnson opens a Knoxville office extending his solar installation business eastward. Jon Bates will be the resident here in Knoxville representing LightWave Solar. For the present, Jon is operating the business from his home in Lenoir City. It has an office in Johnson City and has done a number of solar installations in East Tennessee. It is now working with Restoration Services and Vis Solis developing a 1 megawatt solar installation at East Tennessee Technology Park in Oak Ridge.

LightWave will be holding its Commercial Solar Lunch and Learn Events with the first event to be held 11:30 a.m. lasting to 1 p.m. Friday, March 20 at BB&T 900 S. Gay St. The event is free and open to the public.

According to Jon Bates, this year TVA have shown a little more interest and willingness to work with us and give a little more capacity.

LightWave joins a number of solar installers headquartered in East Tennessee including Aries Energy, Efficient Energy of Tennessee, Green Earth Solar, Restoration Services and FLS Energy — East TN Division; there may be others that are not listed by the city of Knoxville.

Our friends at SolarCity are looking for new PV Designers!!

Our friends over at SolarCity are looking for individuals interested in a career as a PV Designer! They will be hiring now until March 18th! Individuals with an engineering degree or previous experience are great but not mandatory. What’s more important is that you’re a quick learner, motivated, and good problem solvers! If this sounds like it would be of interest to you get in contact with us or contact SolarCity for more information. Be sure to act quickly!

Energy program can aid farmers, small businesses

In Tennessee, solar panels are not as common as silos on farms, but recently they have been becoming more and more popular across the Volunteer State.

Tennessee farmers are beginning to take advantage of a U.S. Department of Agriculture grant program promoting renewable energy and energy-efficient projects.

It’s smart for farmers and owners of small businesses to invest and participate in the programs to reduce energy costs and potentially make a few extra dollars selling excess power.

The program USDA’s Rural Energy for America Program, or REAP, is providing grants and loans for renewable energy and energy projects to small businesses in rural areas with a population of 50,000 or less. It is growing in Tennessee, with more than $2 million available for projects state wide just this year, compared to $326,000 last year.

Monroe, Knox, and Loudon counties have been home to two-thirds of the projects in East Tennessee for 2006 to 2014.

The Tennessee Valley Authority’s Green Power Provider program, which pays a premium for energy generated by renewable sources has worked hand in hand with the REAP program in the past few years. Unfortunately, TVA is erasing its green power incentives as more money becomes available through REAP for investment in solar and other renewable projects.

Read the article here.

Solar Deal with TVA and Next Era

The Tennessee Valley Authority, TVA, board authorized a 20-year power purchase agreement (PPA) with Next Era Energy for 80 megawatts of solar, AP reports. This is the first installation of over 20 megawatts, currently having 128 MW of solar.

The most competitive price for solar was offered at $61 per MWh, comparable to the $59 per MWh TVA expects to pay for electricity from Mississippi’s Quantum Choctaw natural gas power plant.

The installation will be built near TVA’s Colbert Fossil Plant in Northern, Alabama.

Read the article here.

First Solar Inc. and Sunpower Corp are Planning a Joint Venture

(Bloomberg) — First Solar Inc. and SunPower Corp., the two largest U.S. solar-panel manufacturers, are planning a joint venture that will own and operate some of their projects.
The companies expect to register for an initial public offering for the new venture, according to a statement Monday. They didn’t say when that may occur or how much they would seek to raise through the IPO. The shares surged in after-hours trading.
The SunPower-First Solar venture would be part of a growing trend in the renewable-energy industry to pool projects into publicly traded entities that offer shareholders payouts, known as yieldcos. Companies that build power plants, including Abengoa SA and NRG Energy Inc., sell completed projects to their yieldco affiliates and use that capital to fund new power plants.

Read the article here.