Energy Bill Stopped on Senate Floor

An energy bill that would create a carbon cap-and-trade program, increase vehicle fuel efficiency standards and mandate a 15% Renewable Portfolio Standard took two important steps towards becoming U.S. law before hitting a roadblock on the Senate floor this morning. Wednesday evening the Senate Environment and Public Works Committee, led by Senator Barbara Boxer (D- CA) voted 11-8 in favor of sending America’s Climate Security Act to the Senate floor for a chamber-wide vote. Following this action, on Thursday the House passed a version of the same bill along party lines by a vote of 235-181. Friday morning a procedural attempt by Senate Majority Leader Harry Reid fell seven votes short of the 60 needed to limit debate on the bill before moving to a quick vote. As a result, Senate Republicans could filibuster the legislation, holding it in debate indefinitely until concessions are made to their concerns. Of greatest concern to Republicans, including President Bush, who said he would veto the bill in its current form, is a tax package that provides incentives for renewable energy, while cutting more than $17 billion in tax deductions and breaks for oil and gas companies over the next ten years, Other highlights […]

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SunPower Signs Silicon Ingot and Wafer Agreement

SunPower Corporation (Nasdaq: SPWR) has signed a five-year supply agreement for silicon ingots and wafers. The silicon Valley-based manufacturer of solar cells, solar panels and solar systems, today announced that it has signed an agreement with Jiawei SolarChina Co., Ltd. for a supply of monocrystalline silicon ingots and silicon wafers. Jiawei is affiliated with SunEnergy, SunPower’s solar panel assembly partner, and plans to scale its operations to 200 ingot pullers in Beijing, China. According to a release, beginning in 2008, SunPower will purchase silicon in ingot and wafer forms to satisfy production requirements that represent more than 900 megawatts (MW) of solar cell production. SunPower will provide polysilicon to Jiawei during the life of this agreement. “Our partnership with Jiawei will diversify our upstream supply chain,” said PM Pai, chief operating officer at SunPower Corp. “As we scale and expand our silicon supply base into China, we are pleased to extend our relationship with our partner, Jiawei.” About SunPower SunPower Corporation designs, manufactures and delivers solar electric systems worldwide for residential, commercial and utility-scale power plant customers. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe and Asia. SunPower is a majority-owned subsidiary of Cypress Semiconductor […]

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