Numerous big contracts and ambitious plans have been announced in the last two weeks.
In solar, the FPL Group (NYSE:) announced plans to build a 250 MW concentrating solar plant in the Mojave Desert, while GT Solar signed a follow-on contract worth $200 million to supply South Korean DC Chemicals (KRX:10060) with polysilicon reactors.
DC Chemicals will likely use those reactors to produce polysilicon for a $631 million supply deal inked with Suntech Power Holdings (NYSE: STP).
Joint ventures and acquisitions included an announcement by AES Corporation (NYSE: AES) and private equity firm Riverstone Holding to invest $1 billion dollars over five years to develop utility-scale solar projects through a company to be called AES Solar.
Ormat Technologies (NYSE: ORA) and Pacific Sierra Pacific Resources (NYSE: SRP) released details on two thermal energy projects to be taken up by their subsidiaries in Nevada. One will be the first joint ownership between the companies and the other will be a waste-heat recovery project to be engineered by Ormat and owned by Nevada Power.
JPMorgan (NYSE: JPM) said it will acquire ClimateCare, a company that specializes in creating CO2 offset projects around the world. In doing so, JPMorgan is looking to produce and trade credits on the emerging carbon markets.
Merrill Lynch launched a global emissions index to track those international carbon markets.
And finally, three start-ups drew our attention: MIT-based solar company, 3166 Technologies; methanol fuel cell company Oorja Protonics; and a company called Greenward Technologies that acquired the rights to a unique wind-tower design that employs an array of four turbines.
Have a great weekend.
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