Networking is Life (or, will add life to your job search)

DFN: There’s a GREAT website regarding ‘job search’, Glassdoor.com/blog; this article is from that site; The last three jobs (as an employee) that I’ve gotten have been through networking, they’ve come from connections that I’ve made over the last eight years as a member of the Job Connections group in Danville, California. Key points in the article: (1) Being introduced by someone that knows you, is better than being introduced by someone who doesn’t know you; (2) Though you may have, or are going through, a lot of turmoil, don’t bring that into a networking meeting; (3) Know what you’re looking for, if you don’t know, don’t share your indecisiveness with networking contacts; (4) practice you’re listening skills, they’ll be a good entry for followup with networking contacts and a good way to cement burgeoning relationships; (5) Avoid ‘hot’ topics, politics, religion, don’t ask for money, don’t ask for a job; (6) Don’t try to monopolize a contact, they’ll be spooked, go on to other potential contacts; (7) handout business cards, not resume (they’re easier to carry and people are less threatened); (8) Follow-up; as an aside I met someone for coffee in San Jose five years ago, kept in touch all these years, and just recently this person sent out an email to a bunch of connections; as a result of that contact many moons ago, I may have gotten a consulting contract in the ‘here and now’.

Getting A Job Through Connections
Posted: 27 Oct 2011 09:00 AM PDT
http://www.glassdoor.com/blog/

You know the type. The people with obnoxious laughs, pushy pitches, and the ability to corner you at industry conferences and talk about themselves continuously for what seems like hours? The ones who clearly mean well, but their lack of etiquette can make you wish you hadn’t even gone?

Here’s a friendly suggestion: Don’t be that person.

Networking is a critical part of any job hunt, yet it’s probably the easiest thing to get wrong. Using living, breathing connections works better than blindly sending out resumes over the Internet, but for many, approaching people they don’t know for help finding or getting a job is uncomfortable and nerve wracking.

Knowing a few etiquette guidelines can help you keep your conduct aboveboard, and perhaps ease a few fears about putting yourself in front of the well-connected.

Have a Solid Introduction
As most know, first impressions count heavily. Make sure your attire, attitude and overall appearance are the best possible before introducing yourself to someone.

If you’re at a networking event, pay close attention to the groups people have formed around the room. Join people who are by themselves, or a group of two or three whose positions provide you with a physical “opening” to jump into the conversation, says Ivan Misner, founder of California-based business networking organization BNI. Introduce yourself by clearly stating your name and making eye contact while you shake their hand, says Carol Goman, a nonverbal communication expert and author of The Silent Language of Leaders. Weak handshakes turn people off, so practice yours with a friend to make sure it’s neither bone-crushing nor wimpy.

If introducing yourself online, remember to follow in-person social etiquette rules. If someone referred you to the person, for example, put the mutual contact’s name in the subject line of the e-mail, says Goman, so there’s an immediate level of recognition. “Email is a cold medium,” she says. “If you can warm it up with something personal, do so.”

Don’t Confuse People With Your Pitch
No one needs to hear your entire work history upon meeting you. If someone asks you to tell them a bit about yourself, your explanation from start to finish shouldn’t take more than 30 to 60 seconds.

This is especially true when you’re networking with people who don’t work in your industry. Going into the nitty gritty details of your specific skills and interests in chemical engineering will likely go over the head of someone who works in management consulting or marketing. “Most people begin by reciting their resume in reverse chronological order,” says Jodi Glickman, author of Great on the Job, and founder of the career consultancy by the same name.

“Instead, you should start with what you want to do — your destination — then a brief backstory, and connect the dots between them,” says Glickman. Share what’s relevant, not what’s recent. “The latest thing you’ve been working on might not be related to what you want to do next.”

Don’t Tell a Sob Story
No matter how tough it’s been, you need to paint a positive picture when you’re making new connections. “Potential employers or connections aren’t going to bring on people who are down in the dumps just to make them feel better,” says Glickman. They want people who project a good, can-do attitude, and who will be energetic and excited about the position, she says, not people who are just excited to have a job.

Complaining in general has no place in networking – whether it’s about unemployment, how tough your job is, or how bad your former employer was. “In this economy, people say ‘How’s business?’ and they’ll actually tell you,” says Misner. “It doesn’t do any good to complain about how bad business or the economy is. People hate doing business with people who are grumpy.”

Spend More Time Listening Than Talking
In this case, the old adage is true: People were given two ears and one mouth, and you should use them proportionately. “Just like in the dating world, you should spend more time listening to and understanding the person in front of you than talking about yourself,” says Mark Jeffries, a business communications consultant and author of What’s Up With Your Handshake?. “Once you have truly understood what drives this person, then you can introduce yourself and tell your own stories in a way that best fits their specific needs.”

“Most people think that the really great networkers are extroverts, but extroverts don’t shut up,” says Misner. Talking about yourself is a good way to spread the word about who you are, but listening closely can help you form a deeper relationship with someone.

Avoid Being Socially Inept
There’s a fine line between being friendly and personable and being awkward. You do not want to be the latter.

“Steer clear of talking about things that would make people uncomfortable,” says Glickman. “For example, don’t tell me that you were out of work for six months because you recently had brain surgery, or because you were laid off.” People are going to feel as if they need to pity you, but you don’t want that to be the foundation of a relationship. Being vague about negatives – like saying you’re returning after a six-month medical leave, or after spending some time traveling – is a good way to keep the conversation on a high level.

You should maintain some normal social constructs, such as where you direct your eyes and how closely you stand to people. Looking from someone’s eyes to the middle of their forehead is professional, versus a more social gaze of eyes-to-mouth, says Goman. You should also try to keep an arm’s length away from anyone you’re talking to, says Misner.

Don’t Overstay Your Welcome
Taking up too much of someone’s time is almost as bad as ignoring them entirely.

“It’s imperative that you understand when your time is up,” says Jeffries. “You win in the social world if you ‘release people first,’ so if you see a slow crossing of the arms, an increase in the amount of time they’re looking over your shoulder, or a sudden obsession with the word ‘anyway,’ they are giving you not-so-subtle hints that they’d like to move on.”

Have a few “graceful exits” ready, says Goman. Examples: “It was a pleasure meeting you! There are a couple of other people here who I said I’d get it touch with while I’m here,” or “Is there anyone here I can introduce you to?” If you’re still lost, there’s always the standby “I’m going to run to grab another drink.”

Hand out Your Business Card, Not Your Resume
It’s not ok to pass along an unsolicited resume. Offline or online, you need to work on forming a relationship with someone before you ask them for anything at all. Many people overlook this professional courtesy, and ask brand new connections to serve as a referral when submitting a resume or application.

“Don’t ask strangers for a job,” says Glickman. “You can’t ask someone to do a favor for you who you don’t have a relationship with. It’s unprofessional, tacky and ineffective.”

Instead, go for the business card exchange. Make sure that when you offer yours, you specifically and politely request theirs. Don’t assume they’ll solicit it on their own. Once you’re a bit of a distance from them, take a minute to jot down a few notes about the person you just met on a sheet of paper – anything personal they may have mentioned, a news item you discussed, or a business idea you talked about. You can use that to politely jog their memory in a follow-up note.

Follow Up and Through
Perhaps the “Cardinal Rule” of networking is that once you’ve planted the seeds of a new relationship, you must follow up to maintain it. Whether it’s a business referral, job lead, or a professional connection, get in touch – within 24 hours – to say you enjoyed meeting them.

“No one owes you anything, so you need to be as ingratiating as you can,” says Glickman. People who have taken the time to speak with you and provide you with connections or guidance deserve a thank you. “Assume that you can learn from everyone. They might not be the right person, but they might know someone who you might want to be in touch with.”

It’s also critical to reach out to anyone a connection refers you to. “People hate it when they give someone a referral and the person never bothers to follow up on it,” says Misner. If you don’t, it makes two parties look bad, he says – you, since you didn’t follow through on a potential lead, and the person who referred you, since they recommended you as a reliable resource. – Originally posted on FINS from the Wall Street Journal by Kelly Eggers

Getting A Job Through Connections is a post from: Glassdoor Blog

Manager of Market Planning & Analysis

Manager of Market Planning and Analysis

POSITION SUMMARY:

Under the direct supervision of the VP Sales and Marketing,
theManager, Market Planning & Analysis will perform the following activities;routine competitive research and analysis, new markets analysis, evaluation ofREC/SREC markets, as well as assist in developing Company policy with regard toREC/SRECs, evaluating and monitoring public policy and regulation withinspecific markets, and specific economic and financial modeling and analysis, ona
case-by-case basis. In addition to reporting directly to the VP Sales andMarketing, this position will also have significant interaction with both theCEO and CFO of the Company.

ESSENTIAL FUNCTIONS:

To perform this job successfully, an individual must be able toperform each essential function satisfactorily.

1. Strong analytical and researchskills and experience.

2. Ability to evaluate theattractiveness of new geographic markets based upon; local regulatory factorsimpacting third party owned residential solar systems, utility rate structures,local solar incentives – including rebates and REC/SRECs, marketpenetration, risks, and general local market conditions impacting the
leasefinancing of residential solar systems.

3. Maintain a research database ofcurrent Company competitors and/or competitive lease financing offerings, andoffer senior management with corresponding thoughts regarding competitivemarket opportunities.

4. Research and analyze the regionalmarkets for REC/SRECs, including strategic options for monetizing credits on acase-by-case basis, while making such recommendations to senior management.

5. Maintain a general understandingof the macro and micro-public policy and regulatory issues that may impact theCompany’s business activities. Such understanding would be used tosupplement other resources employed by the Company, and be used as furtherinput into analyzing new markets on behalf of the Company. Proactive in findinganswers to policy and regulatory questions and issues as they relate to thebusiness.

6. Ability to identify and recommendrequired resources to analyze a market and understand policy.

7. Ability to perform specificfinancial and economic modeling necessary to further evaluate both markets andsolar project financing.

8. Design research projects thatanswer specific business questions. Included in these projects, whenappropriate, should be a scoring methodology to apply a level of quantitativeresults.

OneRoof Energy, Inc.
www.oneroofenergy.com

Regards,

JohnMack

Recruiter/Consultant

HRPG

HumanResources Professional Group

P:760.845.5791

jmack@hrpg.com www.hrpg.com
This email,including attachments, constitutes non-public,
confidential, and proprietaryinformation owned by Human Resources Professional Group. This information wasintended to be conveyed only to the intended recipient(s). If you are not anintended recipient, please immediately delete this email, includingattachments, and notify me. The unauthorized use, dissemination, distributionor reproduction of this email, including attachments, is prohibited and may
beunlawful.

More about the loan(s) to Solyndra

DFN: Summary: Solyndra got a loan from the Federal Goverment for a plant in Fremont, CA to build new solar panels. Technology / company got into trouble, two venture capital firms stepped up with new funding, and the new loan was bumped ahead of the Federal Governments original  loan in terms of who would get repaid first, the new investors or the Federal Government.

Treasury officials: Never saw a loan like Solyndra

By MATTHEW DALY
The Associated Press
WASHINGTON — Two senior Treasury officials said Friday that they had never seen a loan restructuring similar to an Energy Department loan to a failed solar panel maker.

In this Sept. 23, 2011 file photo, CEO Brian Harrison of the bankrupt solar energy company Solyndra invokes his Fifth Amendment right to avoid self-incrimination as he appears before the the House Energy Commitee’s Oversight and Investigations Subcommittee which is examining Solyndra’s government loan, on Capitol Hill in Washington. Harrison, the CEO of a California solar energy company that sought bankruptcy protection after receiving a $528 million loan guarantee from the Obama administration has resigned Friday, Oct. 7, 2011. (AP Photo/J. Scott Applewhite, File)
Gary Burner, CFO of the Treasury Department’s Federal Financing Bank testifies on Capitol Hill in Washington, Friday, Oct. 14, 2011, before the House Oversight and Investigations subcommittee hearing on “Continuing Developments Regarding the Solyndra Loan Guarantee.” (AP Photo/Jacquelyn Martin)
House Oversight and Investigations subcommittee member Rep. Henry Waxman, D-Calif., holds up a memo on Capitol Hill in Washington, Friday, Oct. 14, 2011, during the subcommittee’s hearing on “Continuing Developments Regarding the Solyndra Loan Guarantee.” (AP Photo/Jacquelyn Martin)
Treasury Assistant Secretary Gary Grippo testifies on Capitol Hill in Washington, Friday, Oct. 14, 2011, before the House Oversight and Investigations subcommittee hearing on “Continuing Developments Regarding the Solyndra Loan Guarantee.” (AP Photo/Jacquelyn Martin)

The half-billion dollar loan to Solyndra Inc. was restructured earlier this year so that private investors moved ahead of taxpayers for repayment on part of the loan in case of a default.

Treasury officials Gary Grippo and Gary Burner told a House committee they had never seen that occur in a federal loan. Grippo is a deputy assistant treasury secretary and Burner is chief financial officer at the Federal Financing Bank, which made a $528 million loan to Solyndra in 2009.

The two Treasury officials stopped short of declaring the loan restructuring illegal, as some Republicans allege.

“I can’t give you a legal interpretation on that, sir,” Burner told Rep. Cliff Stearns, R-Fla.

Grippo, who oversees the financing bank, said it was not Treasury’s job to make legal interpretations. Instead, he said Treasury officials correctly raised questions about the deal in a series of emails and memos.

“Our role is to be as helpful as we can,” Grippo told the House Energy and Commerce Committee Friday.

Hours later, the panel’s Republican majority released an email showing that a White House budget official also questioned the loan restructuring.

“I think they have stretched this definition beyond its limits,” the budget official said in a December 2010 email, referring to DOE officials that were advocating the deal.

The release of the email came after a hearing on the Solyndra loan erupted in a partisan skirmish. Rep. Henry Waxman, D-Calif., called the hearing “a rigged proceeding” and a “kangaroo court.”

Solyndra, of Fremont, Calif., was the first renewable-energy company to receive a loan guarantee under a stimulus-law program to encourage green energy and was frequently touted by the Obama administration as a model. President Barack Obama visited the company’s headquarters last year, and Vice President Joe Biden spoke by satellite at a groundbreaking ceremony for a new manufacturing plant.

Since then, the company’s implosion and revelations that it received preferential treatment from federal officials have become an embarrassment for Obama and a focal point of GOP criticism of the president’s green energy policies.

Waxman and other Democrats on the House energy panel criticized Republicans for not allowing the Energy Department to testify Friday and for blocking the release of an Energy Department memo that outlined the legal basis for its decision to restructure the $528 million loan to Solyndra.

“We are going to get only one side of the story. That’s no way to run an investigation,” said Waxman, a former chairman of the energy committee.

Republicans said Democrats were aware of the hearing terms before it started, but later agreed to enter the Energy Department memo into the record. Energy officials will be called to testify at a later hearing.

Democrats say they want “to get the facts on the table,” said Rep. Joe Barton, R-Texas. “That’s what we’re trying to do.”

The three-hour hearing focused on newly released emails that show that the Treasury Department was concerned that the loan restructuring, approved earlier this year, could violate federal law.

Administration officials have defended the loan restructuring, saying that without an infusion of cash earlier this year, Solyndra would likely have faced immediate bankruptcy, putting more than 1,000 people out of work.

Even with the federal help, Solyndra closed its doors Aug. 31 and let all its workers go.

A six-page memo released by the committee Friday outlines the legal basis for the Energy Department’s decision to ensure that investors who provided additional funding to Solyndra would be repaid before the federal government if the company defaulted on the loan.

The Feb. 15 memo by Susan Richardson, the loan program’s top lawyer, said the restructuring was allowed because a clause preventing private investors from moving ahead of taxpayers only applies to the original loan.

Continuing to block subordination — the legal term for placing taxpayers’ interest second — is “inconsistent with the statutory scheme” and would make it harder for the government to restructure loans for troubled companies, Richardson wrote.

Under terms of the February loan restructuring, two private investors — Argonaut Ventures I LLC and Madrone Partners LP — stand to be repaid before the U.S. government if the solar company is liquidated. The two firms gave the company a total of $69 million in emergency loans. The loans are the only portion of their investments that have repayment priority above the U.S. government.

Argonaut is an investment vehicle of the George Kaiser Family Foundation of Tulsa, Okla. The foundation is headed by billionaire George Kaiser, a major Obama campaign contributor and a frequent visitor to the White House.

Madrone Partners is affiliated with the Walton family, descendants of Wal-Mart founder Sam Walton.

Barton and other Republicans ridiculed the Richardson memo, which Barton likened to a “fairy tale” that allowed DOE officials to do whatever they wanted.

“They basically say, we think we can subordinate it because the secretary of Energy has broad authority to do whatever he wants to do. That’s not a real, reasoned legal opinion,” Barton said.

He and other GOP lawmakers cited emails from Mary Miller, an assistant treasury secretary, indicating that the deal could violate the law because it put investors’ interests ahead of taxpayers. Miller told a top White House budget official that she had advised that any proposed restructuring be reviewed by the Justice Department before it was approved.

“To our knowledge that has never happened,” Miller wrote in an Aug. 17 memo.

Rep. Cliff Stearns, R-Fla., called Miller’s memo “startling” and said it appears that DOE violated “the plain letter of the law” in approving the restructuring.

Rep. John Dingell, D-Mich., called the GOP claims overstated.

“There was no criminal or serious misbehavior here, there just was some dumbness,” Dingell said.

___

Follow Matthew Daly’s energy coverage at http://twitter.com/MatthewDalyWDC

Moving Beyond Solyndra

DFN: Article argues for removal of government subsidies to the solar industry; solar shingles over solar panels; suggest US has to create ‘grid parity’ with alternative sources of energy. Whcih I read as oil & gas prices have to increase while solar prices need to continue to decline.

Moving Beyond Solyndra: Vital Steps the Solar Industry Needs to Take
Written by MasterResource
Friday, 14 October 2011 12:43
http://oilprice.com/Alternative-Energy/Solar-Energy/Moving-Beyond-Solyndra-Vital-Steps-the-Solar-Industry-Needs-to-Take.html

In Solar Energy Tough Love, I described the perverse impacts of government industrial policy on the solar energy sector in its vainglorious attempt to choose winners and losers. That policy is failing, Solyndra aside. (Article here)

The market gods hate to be trifled with, and they respond with thunderbolts and torment. Solar’s pain will continue until grid parity is reached. In the meantime, the solar energy sector must purge itself of government subsidies and address its weak financial performance.

So when I read the story in the trade press about SunPower’s wider Q2 losses I decided to get beyond the numbers to look at some of the market factors tormenting the solar business and holding back its true potential.

One key fact is that solar energy demand is up, but so are input costs for solar panels. Rising demand stimulates rising production and thus excess inventory is a persistent problem and results in falling prices for PV panels. Then there is the Feed in Tariffs (FiT) fits that cause burps and headaches as governments in Europe no longer able to afford the soaring cost of subsidies regularly adjust the tariffs—usually downward.

Changes in FiT shift demand from market to market as manufacturers adjust and seek to lose less margin on each incremental deal. Often, as was true in SunPower’s Q2 report, revenue comes in at or close to investor expectation because demand is growing but cost and margin control has proven difficult and can quickly eat away at profits.

Key Factors

Deal Flow is Up but VC Funding is Down. The consolidation process in solar energy is clearly underway with the mixed news on the solar investment and funding front. While the number of venture capital funded solar deals remained about the same in Q2:2011 as the previous quarter (25 vs 26) the value of those deals fell to $354 million in Q2:2011 from $658 million in Q1:2011. Even worse, that $354 million in Q2:2011 was down from $948 million in Q2:2010 even though deal flow increased 25 vs 18) according to Mercom Capital Group.

Bankability is limited, but deal flow schemes are abundant. There are many vendors eager to sell solar energy systems but few of them are bankable meaning they look like what they are—a big credit risk. So these solar firms spend much of their time dreaming up schemes to finance their deals. Pace loans was one of those when upfront costs could be funded through government assessments like sidewalks and sewer lines.

It all sounded so logical and convenient until lien holders began to realize that the PACE loans would get priority ahead of the first mortgage in a bankruptcy since they were government bonds and that was a scheme not even Fannie Mae and Freddie Mac would tolerate.

One of those schemes is residential solar leasing. Think about it! If you are a homeowner and you want to ‘do the right thing’, save the planet and stick it to your utility company. So you decide to put a solar rooftop system on your house but it costs thousands of dollars and tax credits and subsidies don’t cover all of it. No problem, the vendor says we will lease you the system with no upfront cost. This sounds like a great deal until you realize that you are signing a 20 year lease on equipment with rapidly falling prices and in a market of rapidly improving technology.

This is like locking yourself into a 20-year lease on a Chrysler Sebring sitting unbought a dealer’s lot. This also sound more than a little like the no down payment securitized mortgages that just ate all the equity in our homes. The trade shows are filled with CEOs of solar companies touting these schemes and assuring us that default rates on solar rooftop system are very low.

This may be technically true today but it is still deceptively wrong and it will surely hit the fan. That is why many firms are not bankable because bankers have tried every scheme in the book and they know a bad deal when they see it.

Disruptive technology in the form of solar rooftop shingles is our friend. If these traditional looking roof shingle systems catch on and fall in price as quickly as panels they will further displace the old generation PV panels—and they are much harder to steal too! That way the transaction is actually honest and bankable since putting on a new roof to replace an old, leaky one is a very practical thing to do and is bankable. Using shingles that spin your smart meter backward can help mitigate the cost of the new roof, increase the value of the home and allow you to invest in the latest technology not the oldest technology.

The giants like Dow and others that make these new solar shingles have a competitive interest in driving down the price to make the solar shingles competitive with other roofing options. This is disruptive technology at its market best. That is why more and more established roofing companies are likely to displace many of the fly by night solar panel vendors—and the sooner the better.

Global competition is scaling Solar Potential. The solar PV market has been a global one since China decided to commoditize it and suction up as much of the FiT subsidy money governments were willing to throw away by selling lower priced equipment into Spanish, German, Italian, Czech and other markets and a few experiments with FiT in the US.

The current EU problems with FiT volatility and the failure of the industrial policy of raising utility prices to subsidize the development of domestic renewable energy manufacturing proved a failure in the face of China’s export prowess. So as EU markets are saturated or the FiT subsidy money fades, solar manufacturers are looking for better global markets.

China adopts its 12th five-year plan with a focus on feeding its insatiable appetite for energy and access to resources to sustain its export growth. The big push in this new five year plan includes new energy resources including developing unconventional oil and gas potential in China as well as energy to meet military industry, and the environmental remediation needs. Expanding domestic production of solar technology can be expected not only to feed export growth but also satisfy some of China’s domestic energy needs as well.

North America is likely to be the market of choice. Why? There are millions of sunny rooftops in America and only about 130,000 of them now have solar PV systems installed according to Sungevity CEO Andrew Birch. California alone has a goal of a million solar roofs and wants 3 million homes using renewable energy. No doubt many of them will target California after Governor Jerry Brown announced his clean energy plan this past week calling for adding 12 gigawatts of renewable electricity by 2020 or enough to power roughly 3 million homes.

That is a lot of rooftop cheese to attract solar roof rats from around the globe. Those solar shingles I mentioned above use thin-film copper indium gallium diselenide (CIGS) cells instead of the older polysilicon. Dow claims its CIGS solar shingles are over 10% efficient, about 10 to 15% cheaper per watt, easy to install and harder to steal. If California is going to have a million solar roofs it wants them using the newest technology not the oldest, least efficient stuff.

Global potential for solar energy is attracting the giants accelerating the technology learning curve process to give the giants competitive advantage over China. China’s contribution will continue to be commoditizing the older technology and driving down its cost, but that is not the game the giants want to play. They seek scale, market diversity and ongoing business relationships for services and aftermarket solutions. Selling integration solutions that solve business problems for their best Fortune 1000 customers is the value-added proposition most are following.

Utilities are driven and constrained by regulatory requirements. The most profitable solar projects today are still the utility scale solar farms. But utilities have been reduced to procuring energy and capacity in power purchase agreements to satisfy renewable portfolio standards and emissions reduction goals.

USDOE SunShot Goal

The Grid Parity Imperative

Solar energy is still the only distributed generation technology capable of displacing the central station utility business model. Achieving that ambitious goal will require grid parity prices to compete with natural gas, improving solar technology efficiency, and bigger scale players with bankable integrated solutions. Consolidation is rapidly weeding out the smaller players in this sector and that is good.

Customer Aggregation will be the distributed energy business model of choice. We are seeing it first on the commercial and industrial side of the market with vendors offering demand response, energy efficiency and constant energy management to game the net metering and open access rules. But the menu will expand to include microgrids, combined heat and power, waste heat recovery, energy storage, renewable energy supply options and the expertise to put it all together and manage it to reduce total energy spend. As customer aggregation catches on it will accelerate the move toward a truly distributed clean energy economy as it wreaks havoc on the traditional utility business model.

But residential rooftop solar with higher efficient solar shingles is a game changer if the combination of better technology, stronger market participants, and customer aggregation as the business model that brings scale and diversity to solar to drive it to grid parity prices. Customer aggregation designed to scale a portfolio of residential customers across the three interconnected grids will bring customers new bundled solutions, give them a champion to help eek out savings and bring an end to the separate sale of commodity energy thus ending the traditional utility control over the gateway to customers.

Conclusion

Solar energy must flare off its toxic dependence upon subsidies, industrial policy lobbying and political correctness and embrace the full potential of competitive global markets, integrated grid parity-priced solutions and customer engagement to deliver good value, good service, and good outcomes for both customers and the environment.

By. Gary Hunt

This article was provided by MasterResource.org

SunEdison Gets $300M project financing for solar projects

DFN: SunEdison is moving its corporate headquarters over to the SF penisula, its a subsidiary of MEMC (ticker symbol WFR)

BELTSVILLE, Md., Oct. 12, 2011 – SunEdison, a leading worldwide solar energy services provider and a subsidiary of MEMC Electronic Materials, Inc., has secured a $300 million three-year project finance revolving credit facility arranged by Deutsche Bank Securities, Inc. and Rabobank. The credit facility will be used to support the construction costs of utility and rooftop solar projects throughout the United States and Canada and the capital is immediately available.

This is one of the largest non-recourse project financing revolving credit facilities ever issued for photovoltaic projects. The construction loans are non-recourse debt which means that they are only secured by a pledge of the collateral including the project contracts and equipment.

Currently, SunEdison has more than 500 solar energy systems deployed throughout the United States and Canada and 330 MW of installed solar capacity. This deployed solar base, financed predominately through bank funding, makes SunEdison one of the leading providers of solar energy to the U.S. and Canadian markets.

SunEdison continues to look for additional banking partners to finance its strong pipeline of solar projects in North America with additional opportunities available for lenders within this facility.

Terms of the final agreement were not released.

Solar Millennium / Solarhybrid conditionally agree on sale of solar projects in US

Solar Millennium AG : and solarhybrid AG conditionally agree on sale of power plant projects in the US

Solar Millennium to sell its project pipeline with an output of 2.25 gigawatts Value of all US investments secured and significant profit-sharing in project realization
Start of construction of the Blythe solar power plant could come as early as 2013

Erlangen/Brilon, 6 October 2011 Solar Millennium AG, Erlangen and solarhybrid AG, Brilon will pave the way for the construction of major solar power plants in the US starting in 2013. In the evening from Wednesday to Thursday, the companies conditionally agreed that solarhybrid will take over Solar Millennium’s 2.25 gigawatt project portfolio in the American Southwest and use the location to build solar power plants in order to generate electricity for millions of people using state-of-the-art photovoltaic technology. The agreement stipulates that Solar Millennium AG will receive a significant profit-share upon construction of the power plants in the US in addition to being reimbursed its entire investment in the projects.

Both companies expect the negotiations to be successfully concluded in October 2011. solarhybrid has already paid the first installments on the purchase price. The transaction is subject to another positive due-diligence assessment by solarhybrid. It is possible that other industry partners will be included in the project. The companies have agreed to keep the details of the transaction confidential.
solarhybrid AG expects to execute the transaction through its wholly-owned subsidiary solarhybrid USA LLC, which as the general contractor will take on the engineering, the purchase of components and the construction of the plants (EPC).

solarhybrid USA will use the project development capacities of the Solar Millennium Group as much as possible.

Expansion of the core business

As a result of the agreement, Solar Millennium will focus on realizing new and already planned solar-thermal and hybrid power plants in Europe, Asia, North Africa and Latin America and expand its respective technology platforms. The company just inaugurated the new Andasol 3 solar power plant in Spain together with its partners on Friday. In the US, the company will be available as a project partner as soon as the demand for storable solar energy starts growing there once again, with the parabolic trough technology being its specialty.

Dr. Christoph Wolff, CEO of Solar Millennium AG, illustrates: “The agreement on the US projects is not only favorable for Solar Millennium and its shareholders from an economic and strategic point of view. It ensures that our project investments in the US retain their value, adequately involves Solar Millennium in the future earnings of the solar power plants located there and gives the company a clear structure.”

solarhybrid anticipates it could begin construction on the first American project as early as 2013. This will be the 1,000 MW Blythe solar power plant in California.

Supplement to bond 8 on the agenda

The Executive Board of Solar Millennium AG has decided to submit another supplement to the issue prospect of corporate bond 8 on short notice to Germany’s Federal Financial Supervisory Authority (BaFin) against the backdrop of the agreement with solarhybrid AG. The prospect currently in effect had listed the preliminary and interim financing of power plant projects in the US as one of the reasons for offering the bond.

About Solar Millennium AG:

Solar Millennium AG (ISIN DE0007218406), Erlangen, is a company that operates globally in the renewable energy sector, with its main focus on solar power plants. Together with its subsidiaries and associates, the Company specializes in solar-thermal power plants, particularly parabolic trough plants, and has taken a global leadership position in this field.

Solar Millennium is striving to further extend its expertise in this area with the aim of achieving and securing sustainable technology leadership. The Company covers all important business sectors along the value chain for solar power plants: from project development and financing to technology and the turnkey construction and operation of power plants. Solar Millennium realized Europe’s first parabolic trough power plants in Spain as well as the first modern parabolic trough solar field in Egypt. Additional projects are planned around the world with a total capacity of several thousand megawatts. The current regional focus is on Spain, the Middle East and North Africa.

About solarhybrid AG:

solarhybrid AG is project developer and general contractor for turn-key photovoltaic power projects at utility scale. The company offers the following services:
- Project development and co-development
- Financing and structuring
- Sale to investors
- Engineering, procurement, and construction services (EPC contracting) – Operation and Maintenance

solarhybrid capital management 100% subsidiary of solarhybrid AG arranges project finance, investment structures and sales. A track record of more than 267 MWp of projects under construction or in operation confirm solarhybrid‘s technical, organizational, and financial expertise. Projects in excess of 123 MWp capacity will be contracted shortly. Solarhybrid’s project pipeline comprises a total capacity of 2.5 GWp. The offices of solarhybrid in Germany are in Brilon, Hamburg, Frankfurt, international offices are in Italy, Middle East, and US. The shares of solarhybrid are traded in the open market at Frankfurt stock exchange.www.solarhybrid.ag

Solar Millennium Passes On DOE Loan

DFN: You may have heard, Solyndra took a DOE loan guarantee, and at best the technology didn’t deliver and / or PV prices moved against the project.

Solar Millennium Passes on DOE Loan Guarantee for Project, Stock Value Drops

August 19, 2011 – Solar Millennium is giving up the $2.1 billion loan guarantee it was awarded from the U.S. Department of Energy to seek commercial financing for its large-scale Blythe Solar Power Project, according to a press release from the company.

The company said in May that it had been awarded the $2.1 billion as part of the Department of Energy’s expiring loan guarantee program. Companies must break ground on projects by the end of September to qualify for the guarantees. The project will be delayed until 2012 to begin construction.

On this news, Solar Millennium stock plummetted. The shares sank as much as 59 percent to their lowest since the July 2005 listing after the company reported half-year results. They were down 46
percent to 4.20 euros at 1:23 p.m local time today after falling 29 percent yesterday.

Solar Millennium, which has projects in several countries using solar thermal technology, said it will seek financing for the initial 500 MW of its Blythe project in California next year through the
capital markets after adjusting its U.S. strategy. It will forgo the $2.1 billion in U.S. Department of Energy loan guarantees for this phase of the 1,000 MW project. The loan guarantees were expected to cover 75 percent of the construction costs for two initial
250-megawatt phases. The Erlangen-based company said it will focus on photovoltaics in the U.S. as the technology has “far more” profitable prospects for plants that do not require storage.

Solar Millennium has fallen for four straight days, bringing its decline this year to 79 percent and reducing its market value to about 53 million euros.

http://www.bizjournals.com/sanfrancisco/blog/2011/08/solar-millennium-passes-on-doe-loan.html

http://www.sfgate.com/cgi-bin/article.cgi?file=/g/a/2011/08/19/bloomberg1376-LQ5WEO6K50YA01-0LVLE27V5NO9QEDCECHTLEHMUA.DTL

Solar Millennium Asks CEC to ‘permit’ PV on Blythe Site

Solar Millennium Wants California Energy Commission to License Redesigned PV Plant

August 25, 2011 – During a California Energy Commission business meeting on August 24, Solar Millennium said it is going to request that CEC waive the restriction for thermal jusridiction on the Blythe Solar Power Project, in addition to its Ridgecrest project. Solar Millennium implied they went photovoltaic on Blythe because the Department of Energy loan gaurantee conditions were too onerous and they were having financing issues. The Commission has not yet decided on whether it will continue to take jurisdiction over the solar plants after they have been redesigned to photovoltaic. CEC under the Warren Alquist Act only licenses thermal power plants, including solar thermal plants, and not photovoltaic power plants.

Solar Millennium said it will turn down the DOE loan guarantee and seek commercial financing. They have stopped all contruction on the Blythe project, except for certain monitoring activities and security, until next year.

The company is also considering switching its other solar thermal projects to PV, including Palen Solar Power Project nearby in Chuckwalla Valley, and Amargosa Farm Road Project in Nevada.

http://www.bloomberg.com/news/print/2011-08-25/solar-millennium-to-switch-u-s-plants-to-pv-manager-reports.html

Solar Trust – Changing Technology @ Blythe

Solar Trust says it’s not abandoning Blythe project

CEO visits desert to calm fears about stalled 1,000-megawatt plant

5:02 PM, Sep. 14, 2011 |
Written by
K Kaufmann
The Desert Sun

Solar Trust of America CEO Uwe T. Schmidt came to the desert this week to calm fears about the company’s commitment to its Blythe solar project and whether the 1,000-megawatt plant will ever deliver the hundreds of jobs and millions of dollars in economic growth originally promised.
The company announced last month that the project, slated to be the largest solar plant in the world, would be on hold for more than a year for a switch from more complex and expensive solar thermal troughs to photovoltaic panels.
“This place is blessed; you have the highest radiation on the planet,” Schmidt said in an editorial board meeting at The Desert Sun. “This is an opportunity to do something really different; Solar Trust of America is going to do it with you. We always honor our deals. “It’s not a pull-out; it’s a change of technology.”

Other highlights from the editorial board session:

DFN: I’ve had three different Mophie systems, and they all have ‘crapped’ out, plug doesn’t work, battery recharging exhausts and at $89 per extra battery, I’m tired and need to try something new.

Third Rail’s Powered iPhone Case is Shockingly Clever
By Michael S. Lasky, Wired.com

The high-voltage third rail that runs next to a set of train tracks is, of course, something to be avoided. The Third Rail System for the iPhone 4, however, is to be welcomed.
Photo courtesy of Third Rail Mobility

Third Rail System for iPhone 4
$90

This friendly breed of Third Rail combines a skin-tight phone case and a surprisingly light battery pack you attach to your cell phone when you need a recharge.
We’ve seen charging cases before, but most have problems. Powered phone cases usually add too much extra heft and bulk to a cell phone. If you need extra battery life, you have to turn your svelte, five-ounce iPhone 4 into a pocket-stretching doorstop that adds a half inch to the phone’s length and almost doubles the weight.

Third Rail’s system is comprised of two parts — a bantamweight (0.8 ounce) black case that’s slim and comfortable, and a backup battery that snaps onto the case, but only when the phone needs extra juice.

As a bonus, the battery can do more than power up a flagging iPhone. With its pair of mini-USB charging ports (and included cables) it can charge multiple devices simultaneously. The Third Rail battery can also be piggybacked, so you can stack additional batteries on top of the primary battery for more power.

There are trade-offs, of course. For starters, you’re stuck having to sync the phone only with its included USB cable. Also, if you have any iPhone-ready music-playback appliances, you need to remove the case to use them. I ultimately found this to be a minor distraction, since the phone slides in and out of the two-part case pretty easily.

The battery practically glides on to the back of the case. While attaching the battery gave me immediate juice to continue phone calls and use of my apps, with non-use of the phone, the Third Rail topped off 50 percent of the iPhone battery in a couple of hours. After the phone went from 50 percent remaining to 100 percent, the Third Rail was practically drained. The Third Rail has a power gauge, but it’s only five LED lights, so it’s not as precise as I’d like. But I got a good enough estimate at what the auxiliary battery’s juice levels were like at the start and finish of the charging.

Recharging the Third Rail’s battery for its next use took less than two hours. Then, using the included USB cable, I filled my half-depleted iPod Nano with Third Rail juice in 55 minutes.

There’s another popular case out there with a snap-in battery, the myPower case from Tekkeon, but it doesn’t let you charge additional devices or piggyback the batteries. So, I can safely say the Third Rail System is unmatched when it comes to weight, ease of use, and versatility.

But all of this does not come cheaply: The case alone is $40, and each battery is $60. Purchased together, the set is $90. But after using it just a few times, I’d recommend you get one. If you’re short on cash, maybe just, um… charge it?

Innovative iPhone 4 case that’s protective, but thin and light. Detachable battery recharges the phone as well as other devices via a mini-USB port. Eliminates the need for the large and heavy all-in-one power cases.

TIRED

Proprietary case designs requires use of its own USB cable for connected charging and syncing. Convenience comes with a high price tag.

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