So many megawatts, so little time… Here’s today’s rundown of solar energy news:

SunEdison, a solar installation project developer, announced today the activation of the first phase of a 16-megawatt (mW) solar farm in North Carolina. Located in Davidson County, N.C., the project, when complete, will generate 115 million kilowatt-hours of electricity over the course of 20 years — enough to power 10,000 homes for a year. It will also offset 225 million pounds of carbon dioxide.

The parent company of SunEdison, MEMC Electronic Materials, Inc. (NYSE: WFR), this morning provided financial guidance for 2010. Evidently investors did not like what they saw: WFR was down 13 percent in mid-day trading.

Todd Woody at the Green Inc. Blog talks about renewed interest in smaller-scale distributed solar installations. Great overview, but I’m surprised he didn’t mention PSE&G’s move to install solar panels on utility poles across New Jersey, which is arguably the most “distributed” you can get.

Germany’s solar energy industry predicts a 44 percent cut in the price paid for electricity generated from solar electric systems, reports Bloomberg. Both Germany and France have in recent weeks moved to reduce the going rate for solar power.

The mayor of Pittsburgh, Luke Ravenstahl, wants to turn a site ruined by coal mining into a solar energy farm, according to the Pittsburgh Post-Gazette. As a Solar America City, Pittsburgh has a long-term goal to meet 0.5% of all electricity needs in the city with solar.

Austin, Texas (another Solar America City), is considering a new approach to promoting adoption of solar power, reports The Statesman. Instead of offering an upfront rebate to solar buyers, the Austin City Council’s plan would have Austin Energy, the local utility, buy the electricity generated by rooftop systems owned by city businesses. To test the idea, Austin Energy wants to begin offering 10-year electricity purchase contracts to a limited number of businesses.

Finally, we’ve all heard of “peak oil” theory — the notion that global supply of the stuff will peak and then steadily decline. A recent report, brought to our attention via Kate Mackenzie at FT Energy Source, talks not of peak oil supply, however, but of peak oil demand. The short (seven-page) report argues that demand for oil will weaken because of three main variables: price volatility, concerns about the security of supply, and climate change. I’m no oil and gas expert, but aside from climate change, aren’t we already intimately familiar with the first two?