Solar Energy Could Be the Next Big Provider of Green Power, in an Advisory by Industrialinfo.com
Wednesday September 5, 5:01 am Eastern Time
SOURCE: Industrial Information Resources
http://biz.yahoo.com/bw/010905/52015.html
HOUSTON--(BUSINESS WIRE)--Sept. 5, 2001--The following is an advisory by Industrialinfo.com
(Industrial Information Resources, Inc.; Houston, Texas).
Larger demand for environmentally friendly green power is creating an interest
in solar/photovoltaic power sources. Currently only about 300 mega-watts (MW)
per
year are being developed, primarily in 100 kilowatt or smaller increments. Industrial
Energy Producers (IEP) are playing a leading role in the development of solar
power and consuming the energy internally to satisfy electrical needs.
Arizona Public Service Company (APS), a subsidiary of Pinnacle West Capital
(NYSE:PNW - news; Phoenix, Arizona), has 1MW that is being sold to the grid
and plans to double this by the second quarter of 2002. Composite Power Corporation
(Nasdaq: CPWW - news; Las Vegas, Nevada) is considering a large solar
power generation plant in Nevada that could produce in excess of 100MW.
Suppliers of solar panels and supporting equipment are working to improve their
technology offerings in preparation for the expected growth potential of solar
energy. The goal for the solar industry is to develop 300MW of solar energy
per year and increase that to 1,200MW per year by 2010 and maybe as high as
5,000MW per year by 2020.
For more information on trends and upcoming construction activities in the
Power and Energy markets as well as other industrial sectors send inquiries
to
powergroup@industrialinfo.com or visit us at www.industrialinfo.com.
Contact:
Industrial Information Resources Inc., Houston
Trey Hamblet, 713/783-5147