6 Comments

Summary:

First Solar, Inc. (FSLR) the thin film solar company coined by some as the “Google of solar” for its recent meteoric stock rise, announced on Friday that it has acquired Ted Turner’s investment Turner Renewable Energy, for $34.3 million, in a combination of common stock of […]

tedturner1.jpgFirst Solar, Inc. (FSLR) the thin film solar company coined by some as the “Google of solar” for its recent meteoric stock rise, announced on Friday that it has acquired Ted Turner’s investment Turner Renewable Energy, for $34.3 million, in a combination of common stock of First Solar and cash.

Damn, the ‘Mouth of the South’ gets a cleantech exit before the majority of other cleantech investors. Media mogul and environmentalist Turner invested “a few million,” (according to a comment he made at the Solar Power 2007 convention) into Branchburg, N.J.-based solar company DT Solar, which then went by DT Solar, a Turner Renewable Energy Company. The acquired company will now operate as a wholly owned subsidiary of First Solar, and be called First Solar Electric.

At the Solar Power 2007 convention Turner called the business opportunity of energy the greatest “in the history of humanity,” and said “[T]he entire world is going to have to redo its energy regime and solar is going to be a very big part of it.” Turner also suggested then that he’s interested in possibly investing in other solar companies, or at least expanding his current solar business.

Given Turner is often called the largest individual land owner in North America, Kleiner Perkin’s venture capitalist Ray Lane joked at the recent convention, that if Turner placed a few square miles of solar across his New Mexico ranches he could generate 4 GW of power. Or, he could just make more smart solar investments.

You’re subscribed! If you like, you can update your settings

  1. Solar it’s very important, but is not our salvation. We need much more

  2. Stephen Brexel Monday, July 7, 2008

    New grades and old grades

    Enjoy the moments in life…..A – excellent….90 -100
    B – very good..80 – 89
    C – good……….70 – 79
    D – poor………..60 – 69
    F- fruitless……0 – 59

    Stephen Brexel
    sbrex2000@aol.com
    1000 N US1 J-103
    Jupiter Florida 33477
    contribution & donation

    Long life defined

    Long life defined is fear of the Lord your God and keep the commandments, covenants and statues throughout the days of your lives and fulfill them in work and in our adoption, blood and name so as to receive the land flowing with honey and milk.

    Love the Lord God with all your heart, soul and strength and do not have a strange God before the blessed divine Holy Lord God or suffer abomination or wrath of the Lord God.

    Do not make for yourself a false graven idol image and do not adore them or serve them and keep the commandments so as to fear the Lord God.

    Do not abuse the name of the Lord God through swearing and do not damn the blood vain of the Lord God within.

    Observe the Sabbath day and sanctify the day for the Lord God.

    Honor fathers, mothers and parents as the Lord God has commanded.

    Do not kill and murder wrongfully as the Lord God has commanded.

    Do not commit adultery, fornication in action, deed, prayer, presence, thoughts or words as the Lord God has commanded.

    Do not steal in action, deed, prayer, presence, thoughts or words as the Lord God has commanded.

    Do not bear false affirming, attesting, confirming, testifying, truth, verifying or witnessing in action, deed, prayer, presence, thoughts or words as the Lord God has commanded.

    Do not covet and lust in action, deed, prayer, presence, thoughts or words as the Lord God has commanded.

    Stephen Brexel
    1000 N. US-1 J-103
    Jupiter Florida 33477
    sbrex2000@aol.com
    contribution and donation

  3. California Approves First Thin-Film Solar Project « Earth2Tech Friday, July 11, 2008

    [...] First Solar purchased Ted Turner’s Turner Renewable Energy, for $34.3 million in December, First Solar bought access to this Blythe [...]

  4. OptiSolar to Turn on Solar Power Soon « Earth2Tech Friday, October 17, 2008

    [...] and even financing arms is a long time trend. SunPower bought PowerLight back in 2006, and First Solar bought Ted Turner’s solar installer company Turner Renewable Energy, renamed DT Solar, back in [...]

  5. First Solar and SolarCity Team Up for Residential Thin-Film Solar « Earth2Tech Wednesday, October 29, 2008

    [...] acquired Ted Turner’s solar installation company Turner Renewable Energy for $34.3 million last December. Suntech bought commercial solar integrator startup EI Solutions in October and SunPower bought [...]

  6. Solar Consolidation: First Solar to Buy Up NextLight Wednesday, April 28, 2010

    [...] First Solar acquired a 550 MW solar project from OptiSolar valued at $400 million, and in late 2007 bought up Ted Turner’s solar company Turner Renewable Energy, for $34.3 million. Check out First Solar’s list of projects in the U.S. now including the [...]

Comments have been disabled for this post