Solar Project new

Fotowatio, one of the leading Spanish promoters of renewable energies, was created in 2004 to try to respond to the ambitious targets set by the Kyoto Protocol.
- At present: Fotowatio is involved in numerous photovoltaic development and construction projects, in the towns of Trujillo (Cáceres), Arroyo de San Serván (Badajoz), Olmedilla de Alarcón (Cuenca)
- General Electric Corp. (GE) is strengthening its commitment to clean energy with a $230 million (150 million euros) investment in Spain’s Fotowatio. The investment, made through GE’s Energy Financial Services unit, will amount to a 32% stake in the solar-energy firm
asr: $230 mil for 32% => $700 million valuation for 4 year old Solar PV park builder
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Solel Signs Frame Agreement with Sacyr to Build Three 50MW Solar Thermal Power Plants for US$890 Million

For Solel, based in Israel, this marks the first turnkey power project to be delivered in Spain on aBuild, Own and Operate (BOO) basis. The project also enables Solel to act as provider of solar energy in Europe for the first time.

The current price per kilowatt/hour for produced solar thermal electricity in Spanish electricity projects stands at 30 cents. The rate is subsidized by the Spanish Government for a period of 25 years in order to support & encourage the innovation and implementation of alternative domestic energy sources, environmentally friendly clean electricity and to support local electricity production.

asr: this is first clear commercial implementation they gave numbers.
- It seems 3 50 MW plants toatal 150 MW are costing $900 millions which may translate to 30 cents for KWh over a period of (20?) years.
30 cents is Indian Rs. 12 , what Govt. of India announced to give .. ( how many years do not know can guess 10 years )
- this is 2 years old contract so expensive 2 years ago
- now we have 2 years of advancements , so Ausra promises aroung 10 cents today that is great if they have technological advancements .
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General Electric reaches $4 billion mark for wind power investments

With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the $4 billion mark today by investing in New York State’s three newest wind farms.
The portfolio consists of:
The Noble Chateaugay Windpark (106.5 megawatts), in Franklin County
The Noble Altona Windpark (97.5 megawatts), in Clinton County
The Noble Wethersfield Windpark (126 megawatts), in Wyoming County
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Blackstone looking to buy 1 billion Euro worth of wind farms in Europe.
- This ambitious project is to build over 80 wind farms with a combined capacity of 400 MW off of the German island of Helgoland. The island is located in the North Sea.