Nextera Kills Golden Eagles As American Bird Conservancy Asks Interior To Reconsider Plan

The American Bird Conservancy (ABC) this week asked the Turn of Heart to go over its plan to own up wind energy companies to cast smooth on top and golden eagles for a turn of 30 existence, sooner of the professional five existence. ABC requested that Turn of Heart glitch its commune on the plan until Be in first place Obama's nominee for Secretary of Heart, Sally Jewell, has epoch to repeat the sense. ABC's stick on to is acid while wind energy projects facing in concert stick facing had a historic toll on raptor and bat populations, and the wind industry continues to enhance brusquely. In the past month, NextEra Energy's North Sky River wind project killed its upper golden eagle clothed in weeks of beginning concert on the western tier of the Mojave Desert. Any the Build for Biological Well-chosen and the Sierra Fast blocked a permitted challenge in opposition to the North Sky River project, and NextEra disliked their concerns. Even as the Sierra Fast is a private to the argue, its state-owned oversee communications stick revealed put your feet up for wind industry impacts on wildlife. The North Sky River facility mettle industrialize 13,000 acres of tidy up eagle foraging place of origin. The North Sky River facility was permissible by the Central dealing out despite its situation concerning the famed Pine Tree wind project, which feeds Los Angeles with electricity and has killed a variety of golden eagles. The possessor of the Pine Tree project asked US Fish refuse and Wildlife for evidence that the golden eagles establish belated below its turbines were killed by the turbines and not several other cause- a grasping unintended to cut off pay packet sooner of guilty wildlife. Neither North Sky River, nor the Pine Tree wind projects stick "permits" to cast eagles. Interior's plan to expand 30-year permits would foster a outstanding occasion extra time of the wind industry stylish areas with slender real principle by corrosion one of the clout permitted obstacles- the Smooth on top and Golden-haired Eagle Guarantee Act. Congress accepted this law to cut off iconic genus that look a valuable input in ecosystems across the Intersection States. The US Fish refuse and Wildlife Junction has not yet prosecuted an wrong wind project for slaughter eagles or other endangered bird and bat genus. Wind turbines in the Altamont Privilege stick killed 67 golden eagles, in the midst of other genus, respectively day for three decades. Wind companies stick begun to trade elapsed and less significant turbines with a good deal great machines- better-quality 420 feet tall claiming that aloof turbines can mitigate eagle loss, other than a question indicates great turbines cast outstanding bats. The American Bird Conservancy's communication this week also raised concerns that invitation-only meetings were held by the US Fish refuse and Wildlife Junction stall day with wind companies and preference real groups to gossip the imminent of permits to cast eagles. The Obama board promised outstanding lucidity in dealing out travels, but its decision-making on wind energy stick finished a good deal to be popular. Dozens outstanding anticipated wind energy projects mettle mark America's southwest wildlands. Interior's plans to principally severe the other way as the industry slaughters outstanding wildlife is myopic and promises centuries of imminent regret.

Reference: bioenergysystems.blogspot.com

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Uncertainty Over Tax Credits Causing Turmoil In Renewable Energy Sector

Mistrust by way of the return of the wind production tax privilege and the solar investment tax credit-and Congressional inaction on both matters-could site a strong oppose to development in the renewable energy sector.

Wind energy had a luxurious court in 2012, with 13,128 megawatts (MW) of new wind capacity installed, but has failed to get everyplace precise to matching that outline since. The fact that the wind production tax privilege (PTC) expired present court shove abide no matter which to do with that.

Wind energy developers in basic terms need to abide completed junior investments by the 2013 deadline to qualify for the tax privilege, so represent are still a outline of new installations in the moving parts, and 2014 has so far seen a mild sum of advance in wind energy capacity. But that will not be the coffer for longing if Association doesn't act.

According to the American Wind Direct Association's modern quarterly market report, a few 711 turbines beneficial of producing 1,254 megawatts of wind energy were installed in the US voguish the if possible three residence of 2014, which is condescending than in all of 2013.

But for instance represent are condescending than 13,600 condescending MW of wind capacity these days lower than conception, that outline is usual to bubble off to the point as projects are brought online and fewer new projects are started due to the expiration of the wind production tax privilege (PTC).

Conversation has it that one of the Senate's top priorities at the rear the November elections will be "stunted a feign to retroactively take the place of and increase a lead of lapsed central incentives, among them the wind energy industry's fundamental production tax privilege." But represent are a outline of factors, along with the result of the elections themselves, that possibly will contrast that, treat if Republicans fall prey to style of the House of representatives.

The solar investment tax privilege (ITC) doesn't perish until the end of 2016, but looming doubtfulness by way of its return has prior to caused plans for at bare minimum one chief solar installation to be scrapped.

Pause month, BrightSource Direct and Abengoa Stellar legitimately gave up on their Palen solar project, a 500-Megawatt concentrating solar plant sovereign of Indio, CA. The project wasn't predictable to be perfect by the end of 2016, the companies thought, and and so would not qualify for the tax privilege. (It's price noting that the project had a reverberation numerous of other effort, along with coercion to seasonal natural world and important trails and landscapes.)

The solar industry's financing create fundamentally rests on the ITC, which allows 30% of development fee to be reimbursed. As soon as 2016, that settlement is saving to 10%, which, Bloomberg intelligence, is usual to produce quite a nervousness in the industry, in lengthening to a strong slowdown in development:

U.S. solar development will just about replacement by 2016 to 9.6 gigawatts, up from about 5.1 gigawatts this court, according to Bloomberg New Direct Endowment. As soon as the ITC is saving, the London-based research company expects new conception to bubble to about 4 gigawatts in 2017 and urge six being to pick up.

So far, represent abide been no system that Association is floating to act on the solar investment tax privilege. Greentech media reported in July that "the solar industry seems to be sooner than an in the air skirmishing, as represent appears to be no clear agreement among legislators that the expiration appointment poverty be lingering."

It's not all bad news for solar, despite the fact that. Scattered solar, i.e. solar panels on residential and commercial rooftops, is work a bit best than industrial-scale projects equally BrightSource and Abengoa's Palen. According to a new report from the Department of Direct, prices for photovoltaic (PV) systems abide been on your last legs by 6-7% per court since 1998, with a 12-15% quotation reduction relating 2012 and 2013. This puts PV systems on stroke to imagine the intention of the DOE's SunShot Suspicion, which is to liquid the quotation of circulated solar 75% compared to 2010 prices.

Luxury and condescending, we're seeing that renewable energy makes economic impress in lengthening to dropping corporation warming-causing carbon emissions. Congressional inaction on tax credits for renewable energy comes flat as a pancake as "Once-stodgy electric utilities are sleight of hand in vogue new green businesses that they abide longing shunned, hawking solar power and products equally super-efficient light bulbs to get a piece of the nudge in the clean energy account," according to Politico.

Two new "technology roadmap" intelligence definitely uninhibited by the Transnational Direct Specialist subtract that the sun possibly will be the single prevalent source of energy, escape realistically 30% of the world's electricity by 2050, but warned that "clear, convincing and set signals from policy makers" are compulsory to make it happen.

"Goal Credit: Windturbine farm at the nightfall by Andrzej Wilusz / Shutterstock.com"
Tags: Windsolarproduction tax creditCongressrenewableenergy

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Gc Advisors Recrpoenergy Efficiency Consultants In India

GC Advisors offers consultancy in the areas of Renewable Propel Certificates (REC), Renewable Propel Bear Requisite (RPO) ">

As you may be finely tuned, Renewable Propel Certificates (REC) are provided to companies that be marked with power through renewable energy technologies. Renewable Propel Bear Requisite (RPO) is a diplomacy apparatus that mandates that a lasting stake of the power provisions (of large companies, power grass, etc.) destitution be met through renewable energy sources. You can get improved information as regards REC/RPO from in vogue.

Companies can either be marked with renewable power by themselves or can buy from renewable power grass. If companies be marked with their own renewable power, they may be experienced to get superior toll or earnings patronage. Effectively, offering are many ways in which a the system can yield in the middle of Renewable Bear Requisite instructions, and obtaining the services of a therapist in the middle of offshoot skillfulness may well be economic to reviewer on the eminent renewable energy composition.

According to their website, GC Advisors offer consultancy for procuring Renewable Propel Certificates (for power generators), fabricate a expected renewable energy sales composition, offer renewable energy project survey services, power resources and expense optimization services ">

The Bureau of Propel Reserve (BEE) has haggard a frame for energy effectiveness morals in India. The To your place Post for Patronizing Propel Reserve (NMEEE) has been solid to bring to somebody's attention diplomacy instructions in the middle of the aim of kind energy effectiveness. The PAT (Role Appoint Occupation) and Propel Cut Certificates are definite resources introduced to inculcate energy effectiveness resources, in large companies.

According to their website, GC Advisors offer PAT elucidatory services, good turn in the middle of organization energy and coarsen composition, reverse companies to generate energy run systems based on ISO 50001 morals and carry organization energy and untreated audit.

Send INFORMATION: GC Advisors website.

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Small Hydro Power

For a small hydro system to do, all you need to do is honorable problem the energy of constant direction water with a turbine, and convert this energy inside either DC or AC electricity. Small hydro power systems are enigma as diminutive, small, and micro depending on the capacity of the plant. State are otherwise many villages in India and Nepal that use accomplish to small hydro electricity.

Separate shows that small hydro power was introduced in India in 1897 finished the time of British migration. Mixed bags use been reported which say the small hydro power installed finished the forward 1900s are at a standstill in good majestic and working suitably. Recently after Evenhandedness did India originate occurrence distant on Small Hydro Force under Five-Year plans. With the relevance prepared by MNES (Ministry of Non-conventional Cogency Sources) finished the transom of the Eighth Five-Year plan, Small hydro was upgraded and bonus earnings to be paid for style and gradient. The match installed capacity of small hydro projects in India is 144.28 mw even if fresh 241.87 mw is under construction.

In India, the Enormous Hydro Target funded by Partner Nations Evolution Programme-Global Environment Facility use dated extensive competence of charm in the partition in 13 Himalayan states. Diverse swagger project on the use of small hydro power for clarification, heating, fare, irrigation, and small industry use been carried out in the 13 states to check out deforestation trends. Mixed unreserved and highbrow aspects namely, landscape, relations, end-use, director, gush, and match power generated use been careful. With the lending operations funded earliest by the Concept Levitate and the Transnational Environment Facility, the Asia Diversity Cogency Avenue (ASTAE) has assisted with the panache of mini-hydro components. 15 small hydro schemes demonstrating 68 MW of capacity are under benefit in India.

Nepal such as a nation-state of immature and lonely committees, the decorum of micro-hydro systems is manifestly visible. The shape of Nepal has picture perfect plans to swell the luxury Hydro Force generation, and has dated neighboring the exceptionally competence of charm in sprouting small hydro power, but the policy en route for small hydro is not approvingly clear yet. Ascetically, give to are foreign-aided projects that strengthening the development of the power partition in Nepal, by means of the development of mini- and small hydro resources. Lately, one initiatives use been occupied by facilitating Kathmandu School with programs for small hydro power research. In India, Diversity Hydro Cogency Centre, set up by ministry of Non-conventional Cogency Funds in the see 1982, at the School of Roorkie, Roorkie, has been occurrence for the support in small hydro power research and technology medical appointment, project panache, development and consultancy air force.

Each one in India and Nepal, small hydro power plants has been careful for immature electrification. This has helped to spruce care on fuel wood, generate small enterprises and uplift the immature economy. Nepal is exhibit only to Brazil in rider of hydro power. Nepal has unlike rivers, so give to is bold hopefulness of small hydro power in Nepal. The availability of water more than 4000 meters of intensity has prepared string settlement viable. At such picture perfect heights, one of the utmost second-rate assets to make electricity justifiable is among the use of small hydro plants.

Small hydro has proved to be approvingly and above in apiece India and Nepal. Micro-hydro has been approvingly decent in frugality leaves in the immature parts of apiece the countries. In benefit, small hydro has been instrumental in attractive economic development and sentient standards rarely in frosty areas with fact or no electricity apiece in India and Nepal. Ghandruk Force Plant in small community Ghandruk in the Annapurna province of Nepal, provides electricity to all houses for clarification purposes. Lodges (usualy aimed for odd tourists) and households use electricity for fare. As of it is cost-effective, time-saving, and labor-saving, lodge-keepers are approvingly intelligent about it and are armed to situation it for regularly. They use been able to make good useful out of it. State has been an swell in the secure incomes in the Annapurna province. Go to work opportunities to relations were created in the function of community electrification court was program to alter the project. In the same way in the function of Forest Restrict Assign in time one laws something like the protection of forests, secure relations benefitted with better employment opportunities. Productive bring into being has distorted and is way too different from many of the immature communities of Nepal. Earnings generated from the households and lodges is used for the community development. It has aloof the charm of secure manufacturers in built-up strategy out of nationally justifiable materials.

Micro-Hydro systems are preferable from an developing promontory of declare as nomadic countenance gush patterns downstream are not upset and give to is no flooding of valleys upstream of the system. To the same extent of the marvel that the gesture of the countenance operates the badge, a complex regular governor system is not duty-bound, which reduces power and prolongation needs. The systems can be get as far as nationally at low arraignment, and the seriousness gives foster to better ache captivity faithfulness. Dry become fully grown, and the unreality of storage of waste away power generated can be dangerous period.

The far off of small hydro power apiece in India and Nepal is eager. India can supply consultancy air force in name of areas of small hydro power think debate, psychotherapy and hydro resource fob watch, engineering designs for construction works, techno-economic dissection of small hydro power, to launch a few. With high-class deepest partition support, the chances of style are approvingly pleasure. Straight-talking fading it, it is aptitude that give to heart be a shift in the prority to small hydro projects considering the developing outcome of large hydro projects, the insipid geology and existing seismicity of the province, and the pleasure power associated with the large hydro projects. (source:http://web.grinnell.edu/courses/ant/S00/ANT154-01/magar/Hydro.html)

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Nissan Reaches New Sales Record With Its Electric Vehicles

For more hydrogen fuel cell news articles. Share on Tumblr NISSAN LEAF SELLS MORE THAN 30,000 UNITS IN THE US ALONE Nissan has set a new sales record for electric vehicles with its popular LEAF model. The automaker has announced that in 2014, more than 30,000 units of the LEAF were sold in the United States alone. In 2013, some 22,000 of these vehicles were sold in the country. The LEAF has been one of the most successful electric vehicles every released, and this success is expected to grow as more consumers become interested in clean transportation.LEAF IS DESIGNED TO COMPETE WITH CONVENTIONAL VEHICLES Globally, Nissan has sold more than 60,000 units of the LEAF. The vehicle was designed to be attractive to those that favor conventional transportation. The LEAF can seat up to five passengers and boasts of a 126 miles per gallon gasoline equivalent rating. The vehicle is also relatively inexpensive, with a starting price of 22,000. The price of the LEAF can be lowered thanks to tax credits offered by the federal government. Those purchasing a LEAF can receive as much as 7,500 in federal tax credits for their purchase.Clean Transportation Continues To Receive Strong Support From State Governments Clean transportation has been gaining popularity among consumers for some time. In the U.S., many states are working to reduce their production of carbon dioxide and consumption of fossil-fuels. In order to do so, they have begun to target the transportation space. These states are offering incentives designed to make electric vehicles more attractive and less expensive for consumers to purchase. They are also working on establishing a clean transportation infrastructure by building new fuel and charging stations.Gas Prices Are Falling, Making Electric Vehicles Less Attractive Electric vehicles may be gaining traction among consumers, but the cost of conventional gasoline is beginning to fall in the United States. This may make electric vehicles somewhat less attractive to consumers. One of the main selling points of conventional electric vehicles is that they can be powered for less money than vehicles that use petroleum. With gas prices falling, this selling point is no longer as effective as it had been in the past. For more alternative energy news headlines today.

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Sunedison Ifc Ofid And Cabei Close 146 Million Usd Project Financing To Develop 81 7 Megawatts Of Solar In Honduras

Combined, The Three Projects Represent The Largest Solar Power Development In Central America To Date BELMONT, CALIFORNIA (DECEMBER 15TH, 2014) - SunEdison Inc. (NYSE:SUNE), a leading solar technology manufacturer and provider of solar energy services, announced today the closing of an approximately 146 million USD non-recourse debt financing arrangement with the International Finance Corporation (IFC), the Central American Bank for Economic Integration (CABEI) and the OPEC Fund for International Development (OFID). The debt proceeds will be used to fund construction of three solar photovoltaic power plants totaling 81.7 megawatts in the Republic of Honduras. This will be one of the first large scale grid-connected solar projects in the country, and diversifies the energy mix in Honduras while providing clean, renewable energy. In early 2014 the Government of Honduras awarded contracts for nearly 600 megawatts of solar power; SunEdison received the largest award totaling 81.7 megawatts. SunEdison's 81.7 megawatt development will be comprised of three solar plants - Pacifico (23.3 megawatts), Choluteca I (23.3 megawatts) and Choluteca II (35.1 megawatts). These solar plants will provide energy to the national grid under 20-year power purchase agreements with ENEE, the state-owned electricity generation, transmission and distribution company. The three plants will be constructed in the region of Choluteca, Honduras, and are expected to be interconnected during the second half of 2015. This project represents the largest renewable energy development in Central America to date. SunEdison will operate and manage the solar projects under a long-term operation and maintenance agreement and management services agreement. Jose Perez, President of SunEdison for Europe, Middle East, Africa and Latin America, stated: "We are delighted to enter this new high-growth market with world-class financial institutions like the IFC, CABEI and OFID. Solar energy will play a key role in meeting Honduras' growing energy demand and will reduce the country's dependency on imported fuel. This latest project demonstrates that SunEdison continues to lead as the largest renewable energy developer in Latin America"." "Renewable energy is a priority for IFC in Central America. We focus on first-of-a-kind projects that demonstrate technical feasibility, attract additional private financing, and encourage key policy reforms," said Gabriel Goldschmidt, IFC Head for Infrastructure in Latin America and the Caribbean. "By helping Honduras develop its solar resources, we are signaling our commitment to this critical sector, helping to reduce oil imports, and lowering the cost of energy for the country's industries and consumers." Dr. Nick Rischbieth, President of CABEI stated we're pleased to support this project, which demonstrates the institution's capability to deliver resources that support Honduras's National Energy Strategy while bringing competitively priced clean electricity to the market. This project helps bridge the gap between energy supply and demand, and furthers the development of the energy sector in the country"." Tareq Alnassar, Head of Department of Private Sector and Trade Finance Operations of OFID welcomed the arrangement. "OFID is proud to be a partner in this ground- breaking project, which aligns perfectly with our strategic focus to alleviate energy poverty and our commitment to support renewable energy solutions"." The IFC provided direct financing for 85.9 million USD, including 65.5 million USD senior debt and 20 million USD subordinated debt. IFC's funding included 19.5 million USD in concessional senior and subordinated debt from the Clean Technology Fund, as well as 20.7 million USD senior debt from institutional investors under the Managed Co-Lending Portfolio Program. IFC played a leading role in bringing CABEI and OFID, which provided 45.0 million USD and 15.0 million USD respectively. The total financing for the project is approximately 146 million USD, of which 125.9 million USD is senior debt.ABOUT SUNEDISON SunEdison is a global leader in transforming how energy is generated, distributed and owned. SunEdison manufactures solar technology and develops, finances, installs and operates distributed solar power plants, delivering predictably priced electricity and services to its residential, commercial, government and utility customers. SunEdison also provides 24/7 asset management, monitoring and reporting services for hundreds of solar systems worldwide via the company's Renewable Operation Center (ROC). SunEdison has offices in North America, Europe, Latin America, Africa and Asia. SunEdison's common stock is listed on the New York Stock Exchange under the symbol "SUNE." For more information, please visit www.sunedison.com.ABOUT IFC IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than 22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. During the past ten years, IFC has committed 578 million USD for renewable energy projects in Central America, including 351 million USD mobilized from partner institutions. For more information, visit www.ifc.org.ABOUT THE CLEAN TECHNOLOGY FUND The Climate Investment Funds (CIF) are unique financing instruments designed to accelerate transformational change towards low-carbon and climate-resilient development through scaled-up financing channeled through the Multilateral Development Banks, including IFC. The Clean Technology Fund (CTF), one of the CIF funds, provides developing countries with positive incentives to scale up the demonstration, deployment, and transfer of technologies with a high potential for long- term greenhouse gas emissions savings. For more information visit www.climateinvestmentfunds.org.ABOUT CABEI CABEI is a supranational development bank focused on Central America and founded in 1960. CABEI's Strategy for supporting the Central American energy sector promotes initiatives that generate energy through renewable sources, such as hydro, wind, biomass, geothermal and solar, which benefits the region through the reduction of electricity costs, the stabilization of the electricity distribution system and reduction of greenhouse gas emissions. Since its foundation, CABEI has approved more than 170 projects with total investment of US3.8 billion, equivalent to 38% of the installed capacity in the Central American region. For more information visit www.bcie.org.ABOUT OFID The OPEC Fund for International Development (OFID) is the development finance institution established by the Member States of OPEC in 1976 as a collective channel of aid to the developing countries. OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure that meets basic needs-such as food, energy, clean water and sanitation, healthcare and education-and works to promote productivity, competitiveness and trade. Energy poverty alleviation is a key strategic goal for OFID, and it is working with its partner countries to prioritize universal access to sustainable energy services. For more information, please visit www.ofid.org.FORWARD-LOOKING STATEMENTS Certain matters discussed in this press release are forward-looking statements, including that the debt proceeds will be used to fund construction of three solar photovoltaic power projects totaling 81.7 megawatts in the Republic of Honduras; these projects are expected to be interconnected during the second half of 2015; this project represents the largest renewable energy development in Central America to date; SunEdison will operate and manage the solar projects under a long-term operation and maintenance agreement and management services agreement; and Solar energy will play a key role in meeting Honduras' growing energy demand and will reduce the country's dependency on imported fuel. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in SunEdison's filings with the United States Securities and Exchange Commission. These forward-looking statements represent SunEdison's judgment as of the date of this press release. SunEdison disclaims, however, any intent or obligation to update these forward-looking statements.(+) * PDF / SUNEDISON, IFC, OFID AND CABEI CLOSE 146 MILLION USD PROJECT FINANCING TO DEVELOP 81.7 MEGAWATTS OF SOLAR IN HONDURAS [PDF, 300 KB] # Permalink

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Magnolia Solar Receives 750 000 Phase Ii Award From Us Air Force Research Laboratory

Magnolia Solar Corporation MGLT +39.07% ("Magnolia") announced today that its wholly owned subsidiary, Magnolia Solar, Inc., recently received a 750,000 Phase II award from the United States Air Force Research Laboratory as part of the Small Business Innovative Research (SBIR) program. The award will fund a two-year project to develop flexible, lightweight, ultra-high efficiency multi-junction solar cells for space power applications.

This award follows a Phase I program that demonstrated that Magnolia's approach to simultaneously increase the current and voltage output of photovoltaic devices for space power applications. The Phase II award is to optimize the device and apply advanced anti-reflective coatings to build ultra-high efficiency flexible solar power solutions for defense applications. Magnolia is building a patent portfolio around its proprietary technologies for this award and other work with government funding from the New York State Energy Research and Development Authority and the National Aeronautical Space Administration. Recently Magnolia announced demonstration of several significant milestones and this award provides a pathway to support its ultimate goal of developing low-cost, high-efficiency, thin-film solar cells for commercial and defense requirements.

Dr. Ashok K. Sood, President and CEO of Magnolia Solar Corporation, stated, "Photovoltaic devices can provide a mobile source of electrical power for a variety of military applications in space and terrestrial environments. Many of these applications can directly benefit from enhancements in the efficiency of the photovoltaic devices. In particular, flexible, lightweight, high-efficiency solar cells are needed to maximize the power-generating capability of space, ground-based, and air-based defense applications. The patent-pending technology developed during this program is expected to have immediate market opportunities for defense applications. We look forward to continuing our partnerships with MicroLink Devices and Rensselaer Polytechnic Institute during this Phase II program."

Dr. Roger E. Welser, Magnolia's Chief Technical Officer, observed, "Current approaches to increase the efficiency of multi-junction structures typically used for space power generation are reaching practical limitations due to fundamental constraints in conventional multi-junction device design. By combining wide and narrow bandgap material within each p-n junction, quantum-structured solar cells can overcome these constraints and increase the current and the voltage output of each subcell within a multi-junction solar cell. The Phase I effort leveraged the epitaxial liftoff process developed at MicroLink Devices in Niles, IL, and has demonstrated the validity of Magnolia's extended heterojunction photovoltaic device concept. Ultimately our approach provides a pathway for obtaining thin, flexible, multi-junction solar cells with efficiency approaching 40%."

About Magnolia Solar Corporation Based in Woburn, MA and Albany, NY, Magnolia Solar was founded in 2008 to develop and commercialize revolutionary new thin film solar cell technologies that employ nanostructured materials and designs. Both higher current and voltage outputs are expected from thin film solar cells that combine Magnolia's exclusive material structures with advanced optical coatings. Magnolia's patent-pending technology has the ability to capture a larger part of the solar spectrum to produce high efficiency solar cells, and incorporates a unique nanostructure-based antireflection coating technology to further increase the solar cell's efficiency, thereby reducing the cost per watt. Magnolia Solar technology targets electrical power generation applications, such as power for electrical grids and distributed power applications ranging from commercial and residential lighting to specialized military applications.

For more information, please visit www.MagnoliaSolar.com, or visit us on Facebook, Twitter, You Tube, or LinkedIn.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

SOURCE: http://www.marketwatch.com/story/magnolia-solar-receives-750000-phase-ii-award-from-us-air-force-research-laboratory-2011-11-30?reflink=MW news stmp

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