01 Mar '12, 3pm

GE Doubled Global Solar Power Investments in Last Year

GE Doubled Global Solar Power Investments in Last Year

GE Energy Financial Services’ latest investment is in LS Power’s $550 million Arlington Valley Solar Energy II project, a crystalline silicon photovoltaic solar farm whose construction is expected to begin next month near Arlington, Arizona, 40 miles west of Phoenix in Maricopa County. Converting sunlight into electricity, the solar power project – located on approximately 1,160 acres — will provide enough clean, affordable energy to power approximately 53,000 California homes and displace 215,000 tons of greenhouse gas emissions per year – equivalent to taking 38,000 cars off the road. When operational at the end of 2013, San Diego Gas & Electric – a unit of Sempra Energy (NYSE: SRE) — will buy the power from the plant, which also will help California meet its target of generating 33 percent of its electricity from renewable sources by 2020. Fluor Corporation (NYSE: FLR) ...

Full article: http://cleantechnica.com/2012/03/01/ge-doubled-global-sol...

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