subject: Challenges experienced by the companies supporting clean energy technology [print this page] Challenges experienced by the companies supporting clean energy technology
Abound Solar Inc. largest producer of solar arrays, cadmium telluride and thin-film photovoltaic cells in United States have closed on a 400 million USD loan guarantee from the United States Department of Energy. Abound Solar Inc. has raised more than 110 million USD in equity financing from investors group such as the Bohemian Companies, Technology Partners, DCM and Invus Group. The increase in the energy investments enable the Abound Solar Inc. to expand the production capacity for Longmont, CO and secondary site in Indiana, after the successful completion of this venture it will produce great deal of employment opportunities for manufacturing sector. Abound Solar Company is planning to embark on a long term lease with W.W. Reynolds Companies to facilitate with investments required for developing the solar power plant. The solar power plant has the capacity to generate nearly 640 megawatt of solar energy per year and Tom Tiller, the president and the chief operating officer stated that, the support provided by the local people was very benevolent.
The Independent Power Producer has recently signed a Memorandum of Understanding with the government of Orissa and has invested around Rs 12375.09 crore, for the development of projects in the state of Orissa. The information disclosed by the Atanu Sabyasachi Nayak the energy minister stated that, companies such as the Ind Barath Energy, Sterlite Energy, GMR Kamalanga Energy, Lanco Babandh Power, Monnet Power Company and Jindal India Thermal Power are the companies that have made significant energy investments. The Sterlite Energy has received approval for the first phase of their power plant, situated near Jharsuguda and each phase of the power plant has the capacity to produce more than 600 megawatt. Sterlite Energy has possessed nearly 700 acres of land from the total 2400 acres of land and more than 73 cusecs of water has been allocated from the Brahmani River.Rich details on making energy investments, different possibilities of energy investments, most useful guide on energy Investments can be found here.
The kinship between the renewable energy and government has been a tight and difficult one in the recent times, due to the difficulties faced in the stimulus programs and the tax cut, has thrown the alternative energy plans in air , around United States. The companies supporting the renewable energy projects largely depends on the government subsidies since the energy investment involved for the project is huge. In the United States the Cape Wind project relies on the government to their financial funds, it requires around two billion U.S dollars. Many international companies could support the clean energy projects, if they experience a shortfall in investments.
