'Watershed' Year in 2010 for Utility-Scale Photovoltaic Generation

LAS VEGAS, NEVADA--December 21, 2009--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Next year will be a "watershed" year for construction of utility-scale photovoltaic (PV) electric generation, predicted Peter Mostow, a partner at the Wilson, Sonsini, Goodrich & Rosati law firm. "A lot of PV projects have an in-service date of 2012, which means they have to break ground next year. Plus, critical federal tax credits supporting PV and other renewables expire at the end of 2010. To be eligible to receive those credits, projects must begin construction by the end of 2010," he told about 100 attendees during a panel discussion at the annual Power-Gen International convention in Las Vegas.

Other companies featured: SunPower Corporation (NASDAQ:SPWRA and SPWRB), FPL Group (NYSE:FPL), Exelon Corporation (NYSE:EXC), Xcel Energy Incorporated (NYSE:XEL), PG&E Corporation (NYSE:PCG)