Tuesday, 31 March 2015
Last updated 15 hours ago
Nov 8 2009 | 9:21am ET
Solar power giant First Solar will buy an option on the California land where solar thermal startup Ausra had planned to build a 177MW solar farm.
The terms of the sale, announced Wednesday, were not disclosed.
The 177MW Carrizo Energy Solar Farm was to be built in San Luis Obispo. First Solar says it will not complete the project. Instead, the purchase will allow it to reconfigure its own nearby solar farm, the 550MW Topaz project, to reduce its impact and “create wildlife corridors,” First Solar spokesman Alan Bernheimer told the New York Times.
The sale is part of a major shift in strategy for Ausra, which is abandoning the development of solar plants in favor of supplying equipment and technology.
Ausra had signed a power purchasing agreement with the California power company PG&E in 2007 to sell solar power from the Carrizo plant, but that deal, said Ausra in a statement, has been “withdrawn.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…