U.S. Increases Import Duties on Chinese Wind Energy as Economic Talks Open
The U.S. raised import duties on wind turbine towers created by Chengxi Shipyard Co. and CS Wind Corp. as economic talks between the two nations opened in Washington. The rates were higher than preliminary tariffs announced earlier this year to counter government subsidies and to prevent the goods from being sold in the U.S. below production costs, a practice also known as dumping. The decision coincided with the start of the trade talks between U.S. and China. Tensions between the world’s two largest economies have elevated within the past year over government support for green energy, including solar and wind.
Solar Mosaic Announces Financing for 6th Solar Project
Solar Mosaic, an online marketplace that connects solar investors with solar projects, recently announced the successful financing of its 6th solar project. The project is funded through a new financing model which allows the investors to earn a return on their investment. The latest 47 kilowatt solar project will provide power to the Youth Employment Partnership in Oakland, CA. The 57 investors who funded the project will earn 6.38% on their investments over the course of a 60 month term.
Energy Company of America Offers Discounted Wind Power in Pennsylvania
The Energy Company of America will begin offering Pennsylvania PECO and PPL customers the option to purchase electricity generated by 100% wind power. Pennsylvania customers in the PECO service area will be able to purchase 100% green electricity for $0.0949/kilowatt-hour (kWh), while customers in the PPL service territory will be charged $0.0769/kWh. In addition, customers who transfer from PECO to ENCOA’s 100% renewable electricity offer will get a 9% savings on their electricity bills over the standard PECO rates.
SunPower Installs 1.5 MW of Solar Power on California Campus
SunPower has finished the installation of a 1.5 megawatt single axis tracking solar power system on the campus of Evergreen Valley College in San Jose, California. SunPower will operate and maintain the system for the next one and a half decade. The solar power project is anticipated to meet 33% of the campus’ yearly electrical demand and is calculated to give the college an estimated $12 million savings in electricity costs over the expected lifetime of the system.