Monday, April 23, 2007

GE Protects World's Largest Power Plant

Solar Power takes charge in Europe. Why not the United States? This is just one more example of America's failing concept of capitalism. I have stated before my belief that American capitalist is a failed system. I should also tell you why I believe so. I will put it simply: Socialist Europe leads in fields such as technological advancements in healthcare. Communist China’s economy is emerging as crucial a player as the United States. It is time for American business and politicians to be more open to the integration of minor socialist practices within our economy specifically in the areas of healthcare, insurance, and the environment.

Business and investors pursuing honest ventures in environmental causes should not be an evading goal targeting to take place in the next decade but should pursue opportunities now, as seen in Europe.

"GE Security Protects World's Largest Power Plant

April 2007

The world's largest solar power plant, Central Solar de Serpa (CSS), was dedicated in April in Serpa, Portugal. The plant features 32 hectares covered with 52,000 photovoltaic solar panels, with installed capacity of 11 megawatts - almost twice the capacity of as the next-largest solar power plant, which is located in Germany.

GE Energy Financial Services purchased and financed the project at a cost of 61 million euros (about US$80 million). The plant will be operated by PowerLight, a subsidiary of SunPower Corporation. CSS is located in the Alentejo region of southern Portugal, which has the most sunny days per year of any area in Europe.

It will produce enough to power 8,000 homes. To help ensure their power goes uninterrupted, the solar power plant is protected by GE Security equipment.

At the plant's inauguration, the Portugal Minister of Economics Manuel Pinho explained that CSS is expected to save over 30,000 tons of greenhouse gases compared with an equivalent energy production using fossil fuels. "


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