AltEnToday

Exporing the field of Alternative Energy

AltEnToday header image 2
Seeking a highly motivated business developer for your solar firm? View my resume and contact me today.
 

Suntech partners with MMA Renewable Ventures

October 3rd, 2008 · 1 Comment

Suntech LogoChinese solar producer Suntech Power announced this week that it will dramatically expand US operations, up to three-fold, and focus on building large-scale municipal grade solar plants throughout the country. To accomplish these goals, they’ve teamed up with US-based MMA Renewable Ventures, a subsidiary of MuniMae headquartered in Baltimore, MD.

MMA Renewable VenturesThe new joint venture, Gemini Solar Development Company, will concentrate on 10 megawatt or greater facilities, including funding and financing supported by the newly passed renewable energy tax breaks and incentives included in the congressional bailout bill this week. Furthermore, according to the Mercury News, Suntech simultaneously acquired EI Solutions now called Suntech Energy Solutions, which is a significant integrated solar services and technology provider who’s client list includes Google, Sony Pictures Entertainment, and Marin County government.

Gemini LogoObviously since this is a brand new story (and brand!) no immediate plans have been announced, but it’s encouraging to see new investment and activity in the US solar marketplace. 10mW systems should be able to provide enough power to support 7,000-9,000 homes per installation. In a down-turning economy, but with appropriate incentives, these systems may be able to help communities offset their peak power demands while simultaneously switching to abundant, low-environmental impact renewables.

Tags: · , , , , , , , ,

1 response so far ↓

  • 1 Moya // Oct 27, 2008 at 8:31 am

    Good words.

Leave a Comment