Green Wombat

Media mogul-turned-environmentalist Ted Turner is getting into the solar power business. The CNN founder and former vice chairman of Time Warner (TWX) (Green Wombat’s employer) has created a partnership Dome-Tech Solar, a Branchburg, New Jersey-based solar energy
developer, and renamed the company DT Solar. Terms of the deal weren’t disclosed and it’s unclear what ownership stake and role Turner will take. Green Wombat has made inquiries and will update later today. Founded in 2003, the company
builds large-scale solar panel arrays for commercial and industrial use and plans to
construct solar power plants in the southwest United States. With Turner (shown at right with DT Solar executives) on board, the company says it will expand beyond the Garden State, targeting several new markets, including California. “We’ve got to move away from fossil fuels and develop long-term energy solutions that work," Turner said in a statement. "Using clean energy technologies, such as solar power, is the right thing to do, and it represents a tremendous business opportunity.”