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Feds Approve Transmission Policy for Wind

The American Wind Energy Association (AWEA) applauded the unanimous approval by the Federal Energy Regulatory Commission (FERC) of a new California Independent System Operator (ISO) transmission policy. The policy, which the U.S. wind energy industry has worked to develop and support, aims to address the “chicken or egg” problem that has bedeviled wind power development where no wind farms are built unless there is transmission, and no transmission is built unless there are wind farms already in place. Today’s ruling in effect states that, in windy areas where there is no transmission, transmission should be financed and built first as long as it is clear that there is a large energy resource to be tapped and that there is some financial commitment on the part of generating companies to eventually develop projects in the area. “This decision is great news,” said AWEA Policy Director Rob Gramlich. “Several hundred gigawatts of cost-effective, inexhaustible, 100% clean wind power are now a step closer to being tapped for the benefit of the nation’s economy, environment, and energy security.” “All five commissioners demonstrated in their remarks that they grasp the challenges facing renewable energy developers and that they want to help remove roadblocks,” added […]

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Suntech Partners to Supply PV System for San Francisco International Airport

Suntech Power Holdings Co., Ltd. (NYSE: STP), a leading solar PV manufacturer, has been selected to supply close to 3,000 solar modules for installation at the San Francisco International Airport’s new Terminal T3 solar project. The solar modules will be installed by San Francisco based BASS Electric. The 450KW system will cover about a football field in size and will be visible to the public from the airport Air Train. The system will be integrated with a new roof membrane further protecting the building by blocking UV exposure and reducing heating of the roof.

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Hain Expands Alliance With Yeo Hiap

Hain Celestial Group Inc. (Nasdaq: HAIN), which makes natural and organic food and personal care products, is expanding its alliance with Singapore-based natural food and beverage company Yeo Hiap Seng Ltd. The companies plan to exchange $6 million in equity investments, giving Yeo 196,464 shares of Hain, and Hain receiving 4 million shares of Yeo. Yeo also granted Hain an option to buy up to 5 percent of the company’s outstanding shares, while Hain gave Yeo the option to purchase a number of shares equal to Hain’s investment. Each company has the right of first refusal on the sale of its shares. “After extensive research and development, Hain Celestial expects to launch several co-branded products with Yeo’s later this year as part of our global strategic expansion,” Hain President and Chief Executive Irwin D. Simon said in a statement. Hain and Yeo also plan to establish two joint ventures to invest in natural and organic food and personal care product companies in Asia and pursue interests in marketing and distribution of food and beverages, and product development.

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