Google-Backed Solar Startup Picks Up Steam, $130 Million
In Wired.com :
Rising oil prices lift all alt-energy boats.
For proof, look no further than the fat $130 million investment scooped up by eSolar, a company whose basic solar power strategy -- using sunlight-reflecting mirrors to generate steam -- was all but abandoned in the 1980s, and has recently recently caught investors' attention again.
The money, from Google's philanthropic arm, Google.org, and venture capital firms Idealab and Oak Investment Partners, will go towards the construction of eSolar's first functioning solar power plant.
Read it hereLabels: Google, solar, Solar Energy, solar fund
Claymore/MAC Global Solar Index (ETF) TAN
Claymore/MAC Global Solar Index (NYSE:
TAN)
TAN is the only Solar ETF in the market right now, started trading in April and should be one of the few ways to trade a fund that follows the solarstock industry, that is being tracked in this Blog.
The solar stocks performance has been great in these last weeks and so is TAN, up more than 12% since its inception.
You can check more information about this ETF in Claymore Securities official page:
Claymore/MAC Global Solar Energy Index ETF: OverviewThis is not only a solar companies only ETF, but one that has most of its Holdings on solarstocks that I track daily:
Top Fund Holdings as of 5/20/08
Name Weighting
FIRST SOLAR INC 8.25 %
RENEWABLE ENERGY CORP AS 6.89 %
Q-CELLS AG 6.78 %
SUNTECH POWER HOLDINGS ADR 5.41 %
LDK SOLAR CO LTD-ADR 5.32 %
ENERGY CONVERSION DEVICES 5.05 %
SOLARWORLD AG 4.81 %
SOLARFUN POWER HOLDINGS CO 4.76 %
JA SOLAR HOLDINGS CO LTD 4.65 %
CANADIAN SOLAR INC 4.57 %
YINGLI GREEN ENERGY - ADR 4.35 %
SUNPOWER CORP-A 4.31 %
MEMC ELECTRONIC MATERIALS INC 3.82 %
CENTROTHERM PHOTOVOLTAICS 3.74 %
TRINA SOLAR LTD-SPON ADR 3.51 %
SOLARIA ENERGIA Y MEDIO AMBIENTE SA 3.00 %
ERSOL SOLAR ENERGY AG 2.69 %
CHINA SUNERGY CO LTD 2.63 %
EVERGREEN SOLAR INC 2.62 %
SOLON AG FUER SOLARTECHNIK 2.40 %
MEYER BURGER TECHNOLOGY AG 2.38 %
CONERGY AG 2.21 %
ROTH & RAU AG 2.08 %
MANZ AUTOMATION AG 2.03 %
EMCORE CORP 1.74 %
Labels: Claymore, ETF, FSLR, fund, Global Solar Index, LDK, MAC, Q-CELLS AG, solar companies, solar fund, STP, TAN
