  
                           
                           The Top Stories of 2006 
                          
                                
                             
                           January 1, 2007  
                            
                            
                            From 
                            the passage of SB1 in California to a solar cell breaking 
                            the 40 percent efficiency barrier to a record year 
                            for wind power in the U.S., Canada and UK, renewable 
                            energy made tremendous strides over the past 12 months. 
                            So, to welcome in the New Year, we're recapping some 
                            of the highlights of 2006.  
                          Million 
                            Solar Roofs Bill Signed into Law  
                            After a long roller-coaster ride in the California 
                            legislature, the Million Solar Roofs Bill, SB1, became 
                            law when Governor Schwarzenegger, who campaigned on 
                            a pledge to create a major solar program, signed the 
                            bill in August. 
                             
                            Solar 
                            Cell Breaks the 40% Efficiency Barrier 
                            A photovoltaic (PV) cell achieved a milestone in December 
                            with a conversion efficiency of 40.7 percent. Produced 
                            by Spectrolab, Inc. -- a wholly owned subsidiary of 
                            Boeing -- and funded in part by the U.S. Department 
                            of Energy (DOE), the breakthrough could lead to PV 
                            systems with an installed cost of $3 per watt and 
                            produce electricity at a cost of $0.08 to $0.10 cents 
                            per kilowatt-hour.  
                             
                            Key 
                            Tax Bill for Renewables Passed by Congress 
                            The U.S. Senate approved the "Tax Relief and Health 
                            Care Act of 2006" by a vote 79-9, thereby extending 
                            many of the tax credits that benefit the renewable 
                            energy industries. President Bush signed the bill 
                            into law in December. 
                             
                            SunPower 
                            to Acquire PowerLight 
                            SunPower Corporation, a manufacturer of solar cells 
                            and panels, announced in November that it had signed 
                            a definitive agreement to acquire PowerLight Corporation, 
                            a global provider of large-scale solar power systems. 
                            The deal is valued at $332.5 million.  
                             
                            Australia 
                            to Build 154 MW Solar Energy Plant  
                            In the face of overwhelming scientific evidence, the 
                            Australian Government made a significant change in 
                            its energy policy this past October by announcing 
                            it will contribute AUS$ 75 million [US$ 57 million] 
                            toward building the world's largest solar energy plant 
                            as part of its recently unveiled renewable energy 
                            package. 
                             
                            Virgin 
                            Group to Invest $3 Billion in Renewable Energy 
                            Out of an estimated $7.3 billion pledged to address 
                            issues such as poverty, disease, conflict and climate 
                            change at the Clinton Global Initiative (CGI) in September, 
                            nearly half of it will go toward renewable energy 
                            projects thanks to a $3 billion pledge by British 
                            business mogul Sir Richard Branson.  
                             
                            UK 
                            Offshore Wind Projects Given Green Light 
                            The British government gave the go-ahead for two major 
                            offshore wind farms -- the London Array and the Thanet 
                            -- to be built off the southeast coast of England 
                            in the Thames Estuary in December. Together, the projects 
                            will boast more than 400 turbines and are expected 
                            to produce up to 1.3 gigawatts of electricity when 
                            fully operational.  
                             
                            Biodiesel 
                            Edges Out Ethanol 
                            Five University of Minnesota researchers took a stand 
                            in the long-running debate over whether ethanol from 
                            corn requires more fossil fuel energy to produce than 
                            it delivers. Their answer? It delivers 25 percent 
                            more energy than is used (mostly fossil fuel) in producing 
                            it, though much of that 25 percent energy dividend 
                            comes from the production of an ethanol byproduct, 
                            animal feed.  
                             
                            The 
                            Rebirth of Concentrating Photovoltaics 
                            The Concentrating Photovoltaics (CPV) industry will 
                            soon take up a larger share of the solar market as 
                            technology improves, investment pours in and cost 
                            comes down, according to leading CPV manufacturers 
                            at the Solar Power 2006 conference and expo.  
                             
                            Selling 
                            Solar to Mainstream America 
                            When the clock strikes midnight on January 1, 2007, 
                            SB1, California's new state law that provides $3.2 
                            billion in funding to build a million solar roofs 
                            over the next ten years, will officially take effect. 
                            But in order for SB1 to succeed -- and the solar industry 
                            as a whole to continue to expand -- it's time to start 
                            marketing solar power as an accessible, aesthetically 
                            pleasing, and cost-effective product to the average 
                            consumer, according to California Senator Kevin Murray. 
                             
                            Solar 
                            Energy Milestone Reached in the Arizona Desert 
                            In the Arizona desert, 30 miles north of Tucson, the 
                            first Concentrating Solar Power (CSP) trough-style 
                            energy facility to be constructed in nearly two decades 
                            officially went online in April and began delivering 
                            power to the U.S. grid. The rows of gleaming mirrored 
                            troughs that power a one-megawatt (MW) generator represent 
                            a new phase for solar energy in Arizona and the broader 
                            U.S.  
                             
                            Solar 
                            Power 2006 Overview, Vinod Khosla on Proposition 87 
                            In October, we were podcasting to you from Solar Power 
                            2006 -- the largest solar conference and expo in the 
                            U.S. -- and we captured that mood in our audio postcard. 
                            Also in the podcast, an exclusive interview with Vinod 
                            Khosla of Khosla Ventures on the importance of California's 
                            renewable energy ballot initiative Proposition 87. 
                             
                             
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