Friday, August 17, 2007

Non Solars Going Solar

Wells Fargo said it has made the largest equity investment in solar energy in the company's history -- in Nevada Solar One, a 64-megawatt Concentrated Solar Power (CSP) plant southeast of Las Vegas. The $266 million project developed by Acciona Energy is the largest solar energy facility built in the world in 16 years.

Last month, we caught wind of IBM's possible foray into PV. Now, murmurings are swirling that chip maker Intel and electronics manufacturer Samsung are seeking to expand into the solar business. Intel is reportedly looking at acquisitions in Germany, while Samsung plans to open a solar power plant in Greece by the end of the year.

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