GE, Citi Led Group Invest In 143MW Catalina Solar Farm
Citi and General Electric (GE) are advancing their renewable energy portfolios with a ray of sunshine.
California Solar Panels via Dwight Smith / Shutterstock
The financial and energy giants are part of a consortium including MetLife Inc., Mitsubishi UFJ, and Financial Group Inc. The consortium took a majority stake of the 143-megawatt (MW) Catalina solar project from EDF Renewable Energy.
On private land southwest of the Piute and Tehachapi Mountains totaling 1,100 acres, the new farm will give a clean energy alternative to 35,000 San Diego Gas & Electric (SDG&E) homeowners, according to the press release. That is the equivalent of 250,000 metric tonnes of greenhouse gas emissions taken off the highways each year.
“We appreciate the new investment with our partners in Catalina. It underscores solar power’s ability to provide clean, abundant and affordable power, while creating economic benefits,” said Director of Project Finance with EDF Renewable Energy Michael Wheeler.
Already starting operation in December 2012, the Catalina solar project is expected to be running at maximum capacity in the second quarter of 2013.
With solar costs coming down, big investors seem to having an eye for big solar projects in California. Recently, MidAmerica Solar purchased the 579MW Antelope Valley Solar Projects from SunPower.
This has been the second renewable energy investment within the past week for GE, which also purchased a stake in some major onshore wind projects previously owned by Iberdrola.
It’s nice to see institutional investors stepping up to the plate and putting their money down towards clean energy projects. If solar prices continue to decline, it could make downstream investments much more attractive, while defying naysayers who seem to think solar energy investment is going into a tailspin.
Main Sources: EDF Renewable Energy / Business Green
GE, Citi Led Group Invest In 143MW Catalina Solar Farm was originally published on: CleanTechnica. To read more from CleanTechnica, join over 30,000 others and subscribe to our free RSS feed, follow us on Facebook or Twitter, or just visit our homepage.
2013-01-09 03:16:49
Source: http://cleantechnica.com/2013/01/09/ge-citi-led-group-invest-in-143mw-catalina-solar-farm/
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,352,662 |
| Stories: | 8,450,207 |
Whistler Blowers, Insiders
