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What They're Saying
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"This has the potential to be a huge economic boost for Sacramento, and would build on the foundation of the work we've done to 'green' our city. It represents real jobs, right now and a chance to be a showcase."-Sacramento Mayor Kevin Johnson on new business venture to retrofit buildings in Sacramento.
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Today's Bright Spots
California Leads Nation in Green-Tech Venture Funding
California eclipsed other states last year in collecting venture capital funding for clean technology, according to a recently released analysis from Ernst & Young. California companies collected $2.8 billion, or 57 percent, of the $4.9 billion in clean-tech sector venture capital funding nationwide last year, the report found. Massachusetts companies were a distant second with $465.1 million, followed by Colorado, capturing $363.3 million. Read more here.
Sacramento High School Expects to Save $1 Million with Solar System
Sacramento’s St. Francis High School has completed the installation of a 253-kilowatt, solar energy system on seven of its buildings. The system will generate 31 percent of the electricity for the campus and an estimated $1 million in energy cost savings to the school over the next 20 years. Read more here.
Sacramento-Area Community is a Solar Leader
The City of Woodland is being celebrated as a leader in solar power, with 200-plus residential solar systems and several large-scale commercial projects. Woodland also recently won praise for producing the second most solar power per resident than any other city in the state. Read more here.
Two California Utilities Reach 20 Percent Renewables Target
Two of California's largest utilities have reached the state’s Renewable Portfolio Standard and now get 20 percent of their energy from renewables. Southern California Edison and San Diego Gas & Electric Co. hit the target in 2011, marking impressive leaps from just a decade ago and supplying 1.4 million customers with 20 percent of their electricity from renewables. Read more here.
SDG&E Seals Deals to Buy 300 Megawatts of Renewable Energy
San Diego Gas & Electric has secured a pair of long-term contracts to purchase a total of 300 megawatts of renewable energy from Folsom-based 8minutenergy and from Manzana Wind LLC, a subsidiary of Iberdrola Renewables. 8minutenergy will sell 200 megawatts of solar energy from the Mount Signal Solar project in Imperial Valley to the utility under a 25-year contract. SDG&E also will buy 100 megawatts from the 189-megawatt Manzana wind project in the Tehachapi region. Read more here.
Mountain View’s Cogenra Solar Wins Innovation Award
Cogenra Solar, based on Mountain View, has won a “2012 Ideas and Innovations Award” from the Silicon Valley/San Jose Business Journal. Cogenra received honors in the energy category for its solar cogeneration technology that produces five times the energy and double the financial savings over traditional solar panels. Read more here.
