Thanks to reports like these from medium-sized companies suggest that the industry could be in for a great year, even despite a possible slowdown in Germany. The clear cost efficiency that photovoltaic modules provide is starting to catch on, even for smaller sized businesses, a trend that may continue for the duration of 2011 and help to boost demand across the sector. The installation of these panels gives two benefits to Prime Time: attractive cost benefits, and they are environmentally friendly. The solar panels will generate enough energy to power the massive 75,000 square foot packaging plant. Prime Time Produce, "the largest grower, packer and shipper of sweet peppers - those red, green and yellow ones - in the United States," revealed the installation of solar modules that will supply almost all of its power needs during peak hours, and more than enough in the off-season reports Amanda H.
Already, Pacific Gas & Electric company has entered into a 25 year contract with NRG to purchase power generated from this robust plant.Īnother announcement recently surfaced that nudged solar energy in the right direction. The project will create more than 400 jobs, and "will avoid 237,000 metric tonnes of greenhouse gas emissions per year, equivalent to taking more than 40,000 cars off the road annually," writes Carmen Doyle. The project, headed by NRG Solar, will be exclusively using photovoltaic modules produced by First Solar (Nasdaq: FSLR). Construction on the Agua Caliente Solar Project began in 2010, and it is expected to be complete by 2014 in the desert of Arizona. Solar Industry in Focus To start things off, the world's largest solar energy project was recently offered a loan totaling just under $1 billion U.S. A closer look into the solar industry helps shed some light on some of the reasons these ETFs are performing so well in such a short period of time. But after 2010 was such a rough year for many of these funds, the recent surge has left investors scratching their heads. Though we are just a few short weeks into 2011, solar energy has already emerged as one of the front-running ETF sectors, with gains topping 10% in just three trading weeks. This has pushed many ETFs in the sector sharply higher so far in 2011, but it has been especially kind to one form of alternative power: Solar. As the economic situation has improved around the world, investors have begun to bid up the price of oil once again, putting renewed focus on alternative forms of energy. But with our demand for fossil fuels constantly growing, and our supply steadily shrinking, there may come a day when we have no choice but to adopt numerous alternative energy sources. Investors in clean energy had similar hopes, but all to no avail clean energy finished out the year as one of the worst sectors by far. government to make a push for cleaner energy. Despite this tragedy, some analysts felt that they vast amounts of oil that had spewed into the Gulf of Mexico would finally force the U.S. 2010 brought terror to the energy sector, as the year started off with the Deepwater Horizon spill, sending energy equities across the board into a free-fall.
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