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First Solar Prices Offering

First Solar, Inc. (NasdaqGM:FSLR) has priced an offering of 6,500,000 shares of its common stock at an offering price of $95.00 per share. The offering includes 4,000,000 primary shares offered by the Company and 2,500,000 secondary shares offered by certain stockholders of the Company. A copy of the final prospectus for the offering can be obtained by writing or telephoning the prospectus department at Credit Suisse Securities (USA) LLC, 1 Madison Avenue, New York, NY 10010, Attention: Prospectus Department (phone: 1-800-221-1037), Goldman, Sachs & Co. Prospectus Department, 85 Broad Street, New York, N.Y., 10004 (phone: 1-866-471-2526, fax: 212-902-9316, email: prospectus-ny@ny.email.gs.com) or Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department (phone: 1-866-718-1649, email: prospectus@morganstanley.com). Website: http://www.firstsolar.com/     

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Hydropower Considered Renewable Energy Resource

In a 402-9 vote, the House reaffirmed that hydropower should be considered a renewable energy resource. That makes it eligible for credits toward the Renewable Energy Portfolios (RPS), research and other incentives for renewable energy. The vote came during debate of H.R 3321, the New Direction for Energy Independence, National Security, and Consumer Protection Act, on an amendment offered by Representative William Sali (R-ID) seeking support for both large- and small-scale conventional hydropower technologies. The House also passed H.R. 2776, the Renewable Energy and Energy Conservation Tax Act of 2007, which extends tax credits for hydropower and the new ocean, tidal and instream hydrokinetic technologies. Among its many provisions, H.R. 2776 provides for a 4-year extension of the Production Tax Credit, inclusion of ocean, tidal and instream hydrokinetic technologies under the PTC, and extension and additional funding for the Clean Renewable Energy Bonds CREBs program for public power. The hydropower industry estimates that about 23,000 MW of new energy could be brought online by 2025. The National Hydrogen Association wants Congress to go even further by providing credit rate parity for hydropower and waterpower resources. Hydropower receives half of the credit that other renewables receive.

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Bush Greatly Accelerates Logging in NW

URL: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/118662993461110.xml&coll=7 Website: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/118662993461110.xml&coll=7     

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