Solar Power International (SPI ’11), took place at the Dallas Convention Center between October 17th and 20th 2011. There were general sessions including the participation of leading solar companies. The solar sector is very important in the US as one of the only sectors that is growing and creating jobs. Right now there are over 100,000 solar jobs and the industry enjoyed a growth rate of 6.8% in 2010. That is phenonmenal growth compared to the rest of the American economy.
Some of the companies involved at SPI ’11 include Jinko Solar, Rosendin, PsomasFMG, Gestamp, SunEdison, KRoad, NRG, 8Minute, SoCore Energy, Sunlight Partners, Meridian, SunDurance, Main Street Power, ESA Renewables, Clean Power Group and Clean Focus, just to name a few.
Rosendin Electric is a company that is best known for making sound business decisions. They are well diversified in the types of solar projects they pursue, whether it is a rooftop or a ground mounted system. Their broad reach provides their customers with the benefits of diverse capabilities and excellence in service wherever they may be located.
Rosendin began nearly three years ago when it acquired a small California start-up that specialized in the solar power industry; Rosendin has taken a slow and deliberate approach to building its expertise, reputation and business portfolio in the solar PV market sector. There is no question to the fact that the results have been impressive. This year, the company expects to complete approximately $100 million in solar projects – double the $50 million in solar projects it developed in 2010, and a quantum leap from the $3 million in solar work it completed in 2009. In 2012, Rosendin forecasts its solar project sector to more than triple to approximately $350 million, according to Duncan Frederick, Director of Solar Operations.
PsomasFMG was founded as a joint venture between Psomas Renewables and First Management Group. Their plan and execution has been to bring the expertise of management leadership and development engineering together creating a team of highly skilled individuals. With a purpose of bringing value to the solar energy industry, while reducing development costs.
Gestamp Solar is a developer and operator of utility-scale photovoltaic plants. It vertically integrates the solar plant components that lead to success. They are committed to achieving best quality and perfection with maintenance and security as theirpriorities in the development of solar plants. Theycontrol all the stages of the process: development, construction and maintenance. Gestamp Solar is a company leader in solar engineers supported by their Headquarters. The developmentactivity is performedby companies belonging to the Gestamp group to ensure on timedelivery. They are focused on fully developing and integrating large-scale solar energy projects which is adding value to the solar industry.
SunEdison is a global provider of solar energy products and services. The company develops, finances, installs and operates distributed power plants using proven photovoltaic technologies, delivering fully managed, predictably priced solar energy services for its commercial, government, utility and residential customers. To date, SunEdison has deployed over 450 megawatts of solar energy throughout the world.
K Road was originally founded in 2002 as a vehicle to help recapitalize and restructure troubled US power companies following the power market crash of 2001. In 2008 the company turned its sights exclusively to the renewable power sector and power infrastructure related to building a clean, sustainable energy future for the United States.
K Road is run by a seasoned team of professionals from Sithe Energies, Inc. and Goldman Sachs with over 150 years of combined leadership experience in the industry. Led by former Sithe founder, Chairman and CEO, William Kriegel, K Road professionals have successfully developed and safely operated over 15,000 MW of conventional and renewable power assets creating safe and reliable electricity for millions of customers with an acute sense for building exceptional shareholder value while protecting and supporting the project stakeholders.
Today K Road has 11 power projects in the Southwestern U.S. at various stages of development, totaling 2300 MWs. The majority of K Road projects are located on Native American reservations. The portfolio includes the 850 MW Calico Solar Project in San Bernardino County, California, one of the world’s largest permitted solar projects which upon completion will generate clean reliable renewable electricity for over 350,000 homes.
NRG entered the solar space in 2009. Because of Tom Doyle’s years of solar and wind background they were able to enter the solar space by initially finding and investing in a number of projects that were approximately 75% to 80% ready to complete. Each project needed something that NRG could provide to push them across the goal line which made them ideal for NRG. Then there were a number of projects that would require an equity investment and NRG had positioned themselves as an investor when the projects didn’t have development or financing risks.
NRG set up a 3 tier system where they could work immediately on some projects that were ready and others that were not ready to move forward. Tier 1 projects had a PPA agreement, site control, transmission agreement and the ability to close financing by the end of 2ndQuarter 2011. NRG presently has about 900 MW’s of assets in the tier 1 category. The tier 2 portfolio is about 900 MW’s as well but it is lacking one of the components that are in tier 1 such as it may have site and transmission completed but it may not have an off taker agreement.
For more information about the SPI ’11 event including interviews and videos click here.
© 2011, Richard Matthews. All rights reserved.