Huge solar panel manufacturing plant coming to California
HAYWARD, CALIFORNIA - OptiSolar, Inc. headquartered in Hayward, Calif. is taking advantage of the $20 million incentive offered by the County of Sacramento to located its 600,000 square foot solar plant in McClellan Park which is an industrial party once home to an Air Force Base.
The photo-voltaic panel plant will generated $26 million in taxes according to a report in the Sacramento Bee. The deal, lasting 25 years, rebates the company 50% of its electricity user tax and 80% of future property tax increases.
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Australia PM rules out taxpayer funded power plants amid energy battle
MELBOURNE - Australian Taxpayers won't directly fund any new power plants despite some Coalition MPs seizing on a new report to call for a coal-fired power station.
The Australian Competition and Consumer Commission recommended the government give financial certainty to new power plants, guaranteeing energy will be bought at a cheap price if it can't be sold.
It's part of a bid to cut up to $400 a year from average household power prices.
Prime Minister Malcolm Turnbull said the finance proposal had merit, but he ruled out directly funding specific types of power generation.
"We are not in the business of subsidising one…
