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Australian Mining Giant Sells Dubai CCS Project to BP

Rio Tinto, the Anglo-Australian mining giant, is selling its 50 percent stake in carbon capture and storage (CCS) project in Dubai to BP and will instead invest in� the Hydrogen Energy California (HECA) CCS test project. Rio Tinto says that as a miner, it makes more sense to invest in the coal-backed California initiative rather…

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First Solar Sells 21 MW Solar Energy Project to NRG Energy

First Solar has sold its 21-megawatt solar energy project now under construction in Blythe, Calif., 200 miles (321 kilometers) east of Los Angeles to NRG Energy. Construction on Blythe, California’s largest utility-scale PV power plant, began in September and is expected to end at year-end. Once operational, the plant will sell its electricity output to…

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Solar Millennium Hires Deutsche Bank and Citigroup to Help it Secure $6bn Financing

The U.S. project company of Germany’s Solar Millennium announced that it has hired Deutsche Bank and Citigroup to help it raise as much as��4 billion ($6 billion) to finance construction of thermal power projects across the sun-drenched U.S. Southwest. Solar Millennium�s U.S. unit, Solar Trust of America, did not provide details on the number of…

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California Gets Solar-Focused Feed-in Tariffs

California has joined Vermont and Michigan in establishing a state-wide feed-in tariff. The legislation was signed into law last night by Governor Arnold Schwarzenegger. Schwarzenegger actually signed two separate bills. One is called AB 920, and it mandates that state utilities purchase the electricity generated by individually-owned solar panels. The other bill – SB 32…

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Greening Oil Production: Chevron Taps BrightSource For Solar Scale Steam Technology

Solar-based oil production, a new business for the clean tech crowd It’s all about market creation… That’s the logic driving today’s announcement that BrightSource Energy would for the first time deploy its solar steam production technology to improve oil production at Chevron‘s Coalinga field in Central California. BrightSource, which counts both Chevron and Google as…

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