The Bureau of Land Management’s competitive solar auction held today in southern Nevada proved a resounding success with energy developers bidding $5.8 million for a chance to develop six parcels covering 3,083 acres.
The three winning bids at the BLM auction in the city of North Las Vegas give the companies first dibs to develop the six parcels inside the federally designated Dry Lake Solar Energy Zone (SEZ) in Clark County, about 25 miles northeast of Las Vegas.
Among the solar companies bidding in today’s competitive auction was First Solar Inc., which submitted bids totaling $3.6 million for three parcels covering 1,709 acres, said Gregory Helseth, project manager of BLM’s southern Nevada renewable energy coordination office.
Solar Energy Zones: http://solareis.anl.gov/sez/index.cfm
BLM last fall held the first-ever competitive auction inside two SEZs in southern Colorado that, despite initial industry interest, saw no developers submit bids (E&ENews PM, Oct. 24, 2013).
But agency officials were confident that today’s lease sale would be different because of favorable market conditions and tweaks to the auction process designed to give the industry more certainty over mitigation costs.
“Obama Says US Supporting Chilean Solar Power Plan” by THE ASSOCIATED PRESS via NYT http://bit.ly/1qKmYb4
When it comes to increasing the use of renewable forms of energy, there’s a lot riding on solar power. So the solar industry is producing cutting-edge panels and solar cells that can heat homes, run cars, and charge smartphones. The field produced cutting-edge work in the 1970s, too, but the solar panels had, well, a slightly different aesthetic.
We’ve gone beyond the lifespan of a typical solar panel, so what happened to 20 or 25 year PPAs? This suggest more inquiry.
The case of the day is Sustainable Energy Generation Group, LLC v. Photon Energy Projects B.V. (Del. Ch. 2014). The case involved a claim for breach of a confidentiality agreement. The plaintiff, a Delaware corporation, sued Photon Energy Projects, B.V., Photon Energy N.V., and Photon Energy Investments N.V., three Dutch firms. Service of process was by mail; the Netherlands has not made an Article 10(a) objection. The defendants moved to dismiss for insufficient service of process.
Massive reductions in the price of solar means that more Americans are benefiting from this bill-saving, job-creating homegrown resource. Residential solar adoption is through the roof even as incentive programs have wound down in major markets like California. In fact, more than one out of every three new U.S. residential solar energy systems installed in Q1 of this year did so without state incentives. And those installations are overwhelmingly occurring in middle-income neighborhoods – an impressive testament to our nation’s solar progress.
NRG Energy, Inc. (NRG) price at close, June 19, 2014, is 37.66.
Yingli Green Energy Holding Co. Ltd. (YGE) price at close, June 19, 2014, is 3.82.