Making Energy Work: Building a Sustainable Energy Economy in the Southeast

Topic: Finance and Investment (5)


Sencera 35-MW Solar Manufacturing Facility To Provide 65 jobs in NC

In response to NCSEA's collaborative work to create a Renewable Energy and Energy Efficiency Portfolio Standard law in North Carolina, our State's clean energy markets are now developing rapidly.  Sencera International Corporation's recent announcement to build a thin-film solar manufacturing facility in NC is just the most recent example.  Read several stories on this below:

http://www.RenewableEnergyWorld.com/rea/news/story?id=53021&src=rss
"Sencera International Corporation announced that it plans to invest US $36.8 million in a new manufacturing plant in Charlotte, North Carolina. The company said that the plan was made possible in part by a US $62,000 One North Carolina Fund grant as well as local incentives from the City of Charlotte and Mecklenburg County."

http://charlotte.bizjournals.com/charlotte/stories/2008/07/07/daily6.html
"Sencera International Corp. will invest $36.8 million to build a solar-module factory in Mecklenburg County.  The company, which develops devices that convert solar energy into electricity, expects to create 65 jobs here over the next three years.  Salaries will vary by job type, but the average annual wage will be $73,462, not including benefits. Mecklenburg County’s average annual wage is $48,724."

http://www.newsobserver.com/business/nc/story/1134074.html
"RALEIGH - A solar-panel company will create 65 jobs and invest more than $36 million in the next three years to build a factory in Mecklenburg County."

http://www.reuters.com/article/pressRelease/idUS32590+08-Jul-2008+BW20080708
"Sencera International Corporation, a manufacturer of thin film solar (photovoltaic) modules is expanding in Charlotte. The company plans to invest $36.8 million and create 65 jobs during the next three years. It was made possible in part by a $62,000 One North Carolina Fund grant as well as local incentives from the City of Charlotte and Mecklenburg County."


Pickens' Plan to Escape the Grip of Foreign Oil - wind and solar

http://online.wsj.com/article/SB121556087828237463.html?mod=special_page_campaign2008_mostpop

[Watch video of Pickens speaking on same webpage as full news story.]

"One of the benefits of being around a long time is that you get to know a lot about certain things. I'm 80 years old and I've been an oilman for almost 60 years. I've drilled more dry holes and also found more oil than just about anyone in the industry. With all my experience, I've never been as worried about our energy security as I am now. Like many of us, I ignored what was happening. Now our country faces what I believe is the most serious situation since World War II.

...The future begins as soon as Congress and the president act. The government must mandate the formation of wind and solar transmission corridors, and renew the subsidies for economic and alternative energy development in areas where the wind and sun are abundant."

DOE to Guarantee $10 Billion in Loans for Efficiency, Renewables

http://www.eere.energy.gov/news/news_detail.cfm/news_id=11849


"DOE is offering $10 billion in loan guarantees for projects that involve energy efficiency, renewable energy, and advanced transmission and distribution. The guarantees are only available for projects using new, non-commercial technologies."

 


The New Math: School systems eye economics of sustainable design

http://triad.bizjournals.com/triad/stories/2008/06/30/focus1.html?b=1214798400%5E1660198

"As a pioneer in green school construction, Guilford County has seen some lightbulbs come on -- or off, actually.
Solar energy, natural lighting and water recovery are among the bright ideas paying off, literally, for Guilford County Schools, and many of the lessons the system has learned will likely soon filter through hallways of other schools in the region, state and nation.  ..."

"Last year the N.C. Senate approved a bill that would require any school built with state funding to exceed the American Society of Heating Refrigerating and Air conditioning Engineers Inc. (Ashrae) energy use-standards by 30 percent. The bill is still being considered in the state House.

And earlier this month, the U.S. House of Representatives approved more than $20 billion to be spent during the next five years to help school districts build and renovate schools to be more energy efficient. Under the bill, schools receiving the funding would have to meet the requirements of one of three different green construction programs. Requirements for meeting the standards would be phased in, but by 2013, schools receiving any of the construction funding would need to use 90 percent of the money for green elements. The legislation still needs to be voted on by the Senate, and President Bush has threatened a veto...."

Heat of Battle - Utilities Struggle with Sales versus Savings

http://www.energycentral.com/centers/energybiz/ebi_list.cfm

"Utilities are now in the heat of battle. While they would like to maximize their sales, they must now persuade their customers to save energy. It's a quest that will help defer investments in expensive and contentious infrastructure and in doing so, prevent the release of some harmful emissions.

Instead of investing millions in power plants to meet the 100 or so hours a year when energy demand is highest, utilities are turning to their customers to reduce energy usage...."