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06

Feb 2016

LG Investing $435 Million Into Solar PV Manufacturing

06 February 2016 | Posted by HLindon

LG Investing $435 Million Into Solar PV Manufacturing

The South Korean company LG, perhaps best known for its consumer electronics and electric vehicle (EV) batteries, has announced that it'll be investing $435 million in new funding into its solar photovoltaic (PV) manufacturing business.

The company is reportedly aiming to increase production capacity to 3 gigawatts (GW) -- up from the 1 GW where it rests now -- within 4 years. A memorandum of understanding with the Korean city of Gumi was recently signed -- with 6 new production lines now being slated for creation at the company's manufacturing facilities in the city.

The timeline for the expansion will see capacity increased to 1.8 GW by 2018, and 3 GW by 2020, according to the company.

The president and head of the Energy Business Centre at LG, Lee Sang-Bong commented on the plans, noting that they would put the company in a much stronger position, and be “a dynamic engine for growth.”

“LG has been actively involved in the solar energy business for two decades and we believe that mainstream consumers are more than ready to give solar more serious consideration,” he continued.

Renew Economy provides a bit more info:

In response to the news, US solar industry insider Jim Jenal -- founder & CEO of Run on Sun -- said such a significant increase in production by a company like LG offered the hope of lower prices for premium modules over time, “making top-of-the-line solar affordable for ‘mainstream consumers’.”

For LG’s operations in Australia, the news is a welcome sign of the company’s commitment to solar over the long term, according to LG Australia’s Russ Prendergast: “The LG Solar business in Australia has been building steadily over the past few years, and this has been well supported by LG globally with its 20-years plus experience in the solar market. What this announcement means to the Australian market is that LG is clearly communicating its firm commitment to the solar industry… as well as its intention to provide a greater supply of high-quality and high-efficiency solar panels to suit an ever growing Australian market for commercial and residential solar requirements. Our customers can be well assured that we are here for the long-term."

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Sep 2014

The Top Solar States Per Capita Are…

02 September 2014 | Posted by Zachary

The Top Solar States Per Capita Are…

Environment America has released a new report examining the top US state per capita. California gets most of the attention in the US for its solar power leadership, but if you take into account the fact that California is simply a huge state, its leadership is less impressive. In fact, it's not the top state for solar power per capita.

First of all, however, it's important to note that solar power has grown by leaps and bounds in the US in the past decade. In 2003, 93 megawatts of solar power were installed in the US. At the end of 2013, that number was up to 12,000 megawatts. Furthermore, the growth continues. 74% of new electricity generating capacity added in the US in the first quarter of 2014 came from solar power.

solar growth US states

But there's no denying that some states have led the way. 10 states that together have 26% of the country's population have 87% of its solar power capacity.

top solar states US per capita

These top 10 states and their solar power capacity per capita (in watts per person) are:

1. Arizona (275)

2. Hawaii (243)

3. Nevada (161)

4. California (148)

5. New Jersey (136)

6. New Mexico (113)

7. Delaware (82)

8. Massachusetts (66)

9. Colorado (63)

10. North Carolina (57)

Of course, to be a leader, you have to do something. All of these states have policies supporting the development of solar power. Some have rebates, some have solar pwer targets/requirements, some have tex credits, some have PACE financing, and all allow homeowners to get credits on their electric bills for extra solar power they send back to the grid.

There are many reasons to incentive solar power. Environment America notes a few:

  *Solar photovoltaics (PV) produce 96 percent less global warming pollution per unit of energy than coal-fired power plants over their entire life cycle, and 91 percent less global warming pollution than natural gas-fired power plants.
  *Solar energy benefits consumers by reducing the need for expensive investments in long-distance transmission lines.
  *Solar energy can lower electricity costs by providing power at times of peak local demand.
  *The cost of installed solar energy systems has fallen by 60 percent since the beginning of 2011.
  *Solar energy creates local clean energy jobs that can’t be outsourced. More than 140,000 people currently work in America’s solar energy industry, about half of them in jobs such as installation that are located in close proximity to the places where solar panels are installed.

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industry news

The Top Solar States Per Capita Are…

02 Sep 2014 | Posted by Zachary

Environment America has released a new report examining the top US state per capita. California gets most of the attention in the US for its solar power leadership, but if you take into account the fact that California is simply a huge state, its leadership is less impressive. In fact, it's not the top state for solar power per capita.

First of all, however, it's important to note that solar power has grown by leaps and bounds in the US in the past decade. In 2003, 93 megawatts of solar power were installed in the US. At the end of 2013, that number was up to 12,000 megawatts. Furthermore, the growth continues. 74% of new electricity generating capacity added in the US in the first quarter of 2014 came from solar power.

solar growth US states

But there's no denying that some states have led the way. 10 states that together have 26% of the country's population have 87% of its solar power capacity.

top solar states US per capita

These top 10 states and their solar power capacity per capita (in watts per person) are:

1. Arizona (275)

2. Hawaii (243)

3. Nevada (161)

4. California (148)

5. New Jersey (136)

6. New Mexico (113)

7. Delaware (82)

8. Massachusetts (66)

9. Colorado (63)

10. North Carolina (57)

Of course, to be a leader, you have to do something. All of these states have policies supporting the development of solar power. Some have rebates, some have solar pwer targets/requirements, some have tex credits, some have PACE financing, and all allow homeowners to get credits on their electric bills for extra solar power they send back to the grid.

There are many reasons to incentive solar power. Environment America notes a few:

  *Solar photovoltaics (PV) produce 96 percent less global warming pollution per unit of energy than coal-fired power plants over their entire life cycle, and 91 percent less global warming pollution than natural gas-fired power plants.
  *Solar energy benefits consumers by reducing the need for expensive investments in long-distance transmission lines.
  *Solar energy can lower electricity costs by providing power at times of peak local demand.
  *The cost of installed solar energy systems has fallen by 60 percent since the beginning of 2011.
  *Solar energy creates local clean energy jobs that can’t be outsourced. More than 140,000 people currently work in America’s solar energy industry, about half of them in jobs such as installation that are located in close proximity to the places where solar panels are installed.

Post a Comment

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