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Elon Musk-Backed SolarCity Thrives in Solar Power Sector

May 14 -- Sun Concept, Ampulse, Evergreen, Solyndra: the long list of defunct solar companies is enough to give pause to anyone trying to enter the business. But at least one company, SolarCity, has been succeeding where so many others have failed. Its secret? Staying away from manufacturing and focusing on installation. >>View Article

Goshen College switches to 100 percent renewable energy

May 14 -- Goshen College from now on will purchase all its electricity from renewable energysources, such as wind and solar power, college leaders announced Monday. The change will reduce the college’s carbon footprint by about 45 percent, Goshen College President Jim Brenneman said. >>View Article 

L.A. Utility to Seek Bids for 250 Megawatts of Solar Power

May 14 -- Los Angeles’s power utility, which serves about 1.5 million customers, will seek bids from developers for 250 megawatts of solar power to comply with a California requirement to get 25 percent of its energy from renewable sources by the end of 2016. The Los Angeles Department of Water & Power plans to issue a request for proposals in June, Anh Wood, who manages three of the utility’s solar development programs, said today by telephone. Its board may approve contracts in the first quarter of 2014, she said. >>View Article

Wind energy: Good for Iowa, good for America

May 13 -- Iowa sits on no deposits of oil, natural gas or coal, but we were reminded last week of the fact the state is positioned well as a player in the energy game nonetheless. On Wednesday, Gov. Terry Branstad and officials of MidAmerican Energy Co. announced plans for the largest economic development investment in state history: A $1.9 billion wind-energy project involving the addition of 656 new wind turbines. >>View Article

Tesla sales beating Mercedes, BMW and Audi

May 13 -- In fact, in the first quarter of this year, more people bought a Tesla Model S than bought any of the similarly priced gasoline-powered cars from the top three German luxury brands, according to data from LMC Automotive. About 4,750 buyers bought a Model S while just over 3,000 people bought Mercedes' top-level sedan. >>View Article 

Tesla Surges After Posting Profit; Value Exceeds Fiat’s

May 10 -- Tesla Motors Inc. (TSLA), the maker of electric cars run by billionaire Elon Musk, surged 24 percent after posting a first profit, beating estimates and earning a top evaluation for its Model S sedan from Consumer Reports. Tesla reached $69.40 at the close in New York. Its market capitalization totaled $8 billion, exceeding the $7.8 billion for Turin, Italy-based Fiat SpA (F), the majority owner of Chrysler Group LLC. >>View Article

Tax Credit Romney Rejected made wind project possible

May 10 -- A controversial wind energy tax credit made MidAmerican Energy’s big new project in Iowa possible, the company’s CEO said Wednesday. MidAmerican has been one of Iowa’s biggest recipients of federal tax money through the production tax credit, a lucrative incentive for those who build and operate wind farms. >>View Article

Buffett’s MidAmerican Plans $1.9 Billion of Wind Farms in Iowa

May 9 -- A unit of Warren Buffett’s MidAmerican Energy Holdings Co. plans to invest $1.9 billion to build additional wind farms in Iowa that would increase its wind generating capacity in the state by about half. MidAmerican Energy Co., Iowa’s largest utility, plans to build as much as 1,050 megawatts of new wind power plants in the state, adding to about 2,285 megawatts of projects that it already owns and operates, the Des Moines, Iowa-based company said today in a statement on its website. >>View Article

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