California gives green light to space-based solar power project
Filed under: Energy, Company News, Green
Beaming solar power down from outer space is A-OK according to the California Public Utility Commission. The regulatory body voted unanimously Thursday to approve a “Power Purchase Agreement” signed between the state’s largest utility, Pacific Gas & Electric (PCG), and Solaren Space. The Southern California start-up is developing technology for what it hopes will be an orbiting solar power collection system that could add a whopping 200 megawatts to the Golden State’s increasingly green grid. The project will cost $2 billion, Solaren executives estimate.
The concept is not new. Satellites orbiting far enough outside our atmosphere can capture solar energy around the clock, and without power-reducing cloud cover or atmospheric interference. The satellites use photovoltaic panels, much like those that are installed on ordinary buildings, to capture solar energy and convert it into electricity.
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California gives green light to space-based solar power project originally appeared on DailyFinance on Fri, 04 Dec 2009 16:30:00 EST. Please see our terms for use of feeds.
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California gives green light to space-based solar power project
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ETFs vs. mutual funds: Investment vehicles get ready to rumble
Dec 4, 2009 Object
Is there a battle royal brewing in the world of investment funds? Exchange-traded funds are suiting up in the locker room, preparing to challenge mutual funds’ dominance. A recent report from Deloitte, Exchange-Traded Funds: Challenging the Dominance of Mutual Funds? says that ETFs could in time bulk up with some of the serious monetary muscle we call market share.
ETFs have become popular with investors due to their fee structure, tax efficiency and level of transparency, says Craig Stier, U.S. leader of Deloitte Asset Management Services Practice and author of the paper. They have also made it easier for retail investors to invest in individual commodities like oil and gold. “These are some reasons perhaps why ETFs have weathered the sharp slowdown in markets better than mutual funds,” says Stier.
Continue reading ETFs vs. mutual funds: Investment vehicles get ready to rumble
ETFs vs. mutual funds: Investment vehicles get ready to rumble originally appeared on DailyFinance on Fri, 04 Dec 2009 14:00:00 EST. Please see our terms for use of feeds.
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ETFs vs. mutual funds: Investment vehicles get ready to rumble
Tags: entry, etf, etfinvesting, have-weathered, made-it-easier, management, mutual-funds, mutualfunds, orbit, power-purchase, reasons-perhaps, solarpower, traded-funds
