Ted Turner Solar venture

Ted Turner to launch venture with NJ solar company
Wed Jan 10, 2007 5:01pm ET

U.S. News
Pentagon chief seeks bigger Army, Marine Corps
Kids in poverty have less parent time: Census
Rice loves Fox tv, sees CBS anchor as "decent guy"
More U.S. News...

Email This Article Print This Article Reprints

NEW YORK (Reuters) - Ted Turner, the cable television billionaire and owner of vast land tracts in the U.S. West, is forming a venture with a solar company targeting California and other markets, his office said.

"Our future depends on changing the way we use energy," Turner said in a statement. "We've got to move away from fossil fuels and develop long-term energy solutions that work. Using clean energy technologies, such as solar power, is the right thing to do, and it represents a tremendous business opportunity."

Turner will partner with Dome-Tech Solar, a solar company in Branchburg, New Jersey to create DT Solar, a Turner renewable energy company, a spokesman said.
Financial details were not immediately available. The spokesman said they would be revealed in coming weeks.

Dome-Tech Solar, a private company founded in 2003, develops and builds large-scale solar energy systems for commercial, industrial and institutional clients.

The market for solar technology is expected to expand substantially in California, where governor Arnold Schwarzenegger has set a goal to create 3,000 megawatts of new solar produced electricity by 2017.

© Reuters 2007. All Rights Reserved.