The $7 million payment was triggered by commencement of construction of the Cape Scott Wind Farm.
In addition to payments related to the original asset purchase transaction and to subsequent milestone achievements of the Cape Scott Wind Farm, Sea Breeze expects to receive an ongoing royalty based on a percentage of gross revenue earned by the project through a 20-year Electricity Purchase Agreement with British Columbia Hydro and Power Authority (BC Hydro). Sea Breeze also holds an option to acquire a 10 percent equity interest in the Cape Scott wind project.
The Cape Scott Wind Farm is situated 35km west of Port Hardy on northern Vancouver Island, within the traditional territories of the Quatsino, Tlatlasikwala, and Kwakiutl First Nations.
Phase 1 of the project is projected to generate sufficient renewable power to provide for the annual electricity needs of approximately 100,000 British Columbians. Commercial operation of the Cape Scott Wind Farm is scheduled to begin in 2013.
Paul Manson, president of Sea Breeze, said: "We are extremely pleased that IPC, an affiliate of GDF SUEZ the world's largest producer of electricity, has decided to invest in this region, and in this project. The local addition of 99 megawatts of clean and renewable energy....Sea Breeze starts construction of Cape Scott Wind Farm
Tuesday, June 5, 2012
E.ON C&R secures equity financing for Pioneer Trail Wind Farm
The project, located in Ford and Iroquois counties, Illinois, is located 4 miles west of Paxton and consists of 94 GE 1.6 megawatt turbines providing more than 150MW of power - enough to supply clean power to more than 45,000 households in the central Illinois region using North American made turbines, blades and towers.
"We welcome Bank of America Merrill Lynch as an investor in our Pioneer Trail Wind Farm," said Steve Trenholm, CEO, EC&R North America. "This transaction demonstrates EC&R's commitment to boosting local economies and plays a major role in promoting clean, affordable, homegrown energy."
"EC&R closely analyzes the specific aspects of each project to find a customized transaction tailored for the best fit," said Dr Verena Volpert, Senior Vice President Finance, E.ON AG. "We look forward to a mutually beneficial long-term relationship with BofA Merrill."
The project is expected to generate more than $29 million in local taxes, pay $8 million in local salaries, and earn landowners more than $50 million. The Pioneer Trail Wind Farm is the.....E.ON C&R secures equity financing for Pioneer Trail Wind Farm
"We welcome Bank of America Merrill Lynch as an investor in our Pioneer Trail Wind Farm," said Steve Trenholm, CEO, EC&R North America. "This transaction demonstrates EC&R's commitment to boosting local economies and plays a major role in promoting clean, affordable, homegrown energy."
"EC&R closely analyzes the specific aspects of each project to find a customized transaction tailored for the best fit," said Dr Verena Volpert, Senior Vice President Finance, E.ON AG. "We look forward to a mutually beneficial long-term relationship with BofA Merrill."
The project is expected to generate more than $29 million in local taxes, pay $8 million in local salaries, and earn landowners more than $50 million. The Pioneer Trail Wind Farm is the.....E.ON C&R secures equity financing for Pioneer Trail Wind Farm
Monday, June 4, 2012
Hydrogenics bags Power-to-Gas energy storage project from E.ON
Power-to-Gas is a novel way to store energy at utility scale, whereby surplus electrical grid power is converted into hydrogen gas. The hydrogen gas produced from the Falkenhagen plant, expected to be online in 2013, will be injected into the regional natural gas pipeline, making the natural gas pipeline network a storage system for surplus electrical power generated from renewable resources.
While the amount of hydrogen injection is relatively small as a percentage of total pipeline capacity, these small quantities of hydrogen represent significant energy storage capacity and electrical grid support flexibility.
The E.ON project is a turnkey contract, which means Hydrogenics will provide a range of services to build the Power-to-Gas project, including supply, installation, connection and commissioning of the hydrogen production facility including gas compression, master controls, as well as a 5-year service and maintenance agreement.....
Hydrogenics bags Power-to-Gas energy storage project from E.ON
While the amount of hydrogen injection is relatively small as a percentage of total pipeline capacity, these small quantities of hydrogen represent significant energy storage capacity and electrical grid support flexibility.
The E.ON project is a turnkey contract, which means Hydrogenics will provide a range of services to build the Power-to-Gas project, including supply, installation, connection and commissioning of the hydrogen production facility including gas compression, master controls, as well as a 5-year service and maintenance agreement.....
Hydrogenics bags Power-to-Gas energy storage project from E.ON
Siginik to build 50MW solar installation in Ghana
According to Episolar, the solar installation will be the largest in west Africa and one of the largest on the continent.
Daniel McCormick, managing partner at Siginik, said: "Ghana is a fast growing economy in great need of power and we are happy we can contribute in a green, efficient way. This will benefit the general Ghanaian community as they can have more consistent power and in the short term, similar to the effects of the Green Energy Act in Ontario, facilitate the creation of a highly skilled green labor force which will be able to build future green and solar projects in the ECOWAS area."
The installation is projected to create roughly 800 highly skilled jobs, including manufacturing, in the Northwest Region of Ghana and Siginik expects to break ground within the next 6 months. Siginik and ECG intend on expanding on this initial project with a view to additional installations in Ghana, a country with ideal solar radiation and increasing power needs.
Energy consumption within Ghana has been growing at 10 percent to 15 percent per year while supply is growing at a significantly lower rate. Experts believe that Ghana needs....Siginik to build 50MW solar installation in Ghana
Daniel McCormick, managing partner at Siginik, said: "Ghana is a fast growing economy in great need of power and we are happy we can contribute in a green, efficient way. This will benefit the general Ghanaian community as they can have more consistent power and in the short term, similar to the effects of the Green Energy Act in Ontario, facilitate the creation of a highly skilled green labor force which will be able to build future green and solar projects in the ECOWAS area."
The installation is projected to create roughly 800 highly skilled jobs, including manufacturing, in the Northwest Region of Ghana and Siginik expects to break ground within the next 6 months. Siginik and ECG intend on expanding on this initial project with a view to additional installations in Ghana, a country with ideal solar radiation and increasing power needs.
Energy consumption within Ghana has been growing at 10 percent to 15 percent per year while supply is growing at a significantly lower rate. Experts believe that Ghana needs....Siginik to build 50MW solar installation in Ghana
LDK Solar signs new photovoltaic projects in China
The first project in Jiuquan City will consist of 200MW annually, the second project in Jayuguan City will consist of 200MW over three years and the third project in Zhangye City will consist of 200MW over two years.
"We are pleased to continue to expand our presence in China's solar industry through these projects," said Xiaofeng Peng, chairman and CEO of LDK Solar. "These contracts demonstrate continued demand for PV project development services within China."
LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.
LDK Solar signs new photovoltaic projects in China
"We are pleased to continue to expand our presence in China's solar industry through these projects," said Xiaofeng Peng, chairman and CEO of LDK Solar. "These contracts demonstrate continued demand for PV project development services within China."
LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.
LDK Solar signs new photovoltaic projects in China
Suntech to introduce 255-Watt polycrystalline module at Intersolar Europe 2012
"With the evolution of the solar market in Europe, the power output and reliability of solar systems is becoming more important than simply lowest cost," said Vedat Gurgeli, vice president sales and marketing for Suntech in Europe.
"Through our strong focus on R&D we are driving continuous conversion efficiency improvement in our standard crystalline silicon solar products. For example, this 255-watt panel is around 5 percent more powerful than the industry average and offers one of the best price to performance ratios in the market. With ongoing innovation, we are targeting to increase the nominal power output of this solar panel to 260 watts in the near future."
The 255W polycrystalline module has been certified according to the IEC 61701 standard salt mist corrosion test ensuring that it is well-suited to operate in coastal applications. The module features an anti-reflective hydrophobic layer that reduces surface dust....Suntech to introduce 255-Watt polycrystalline module at Intersolar Europe 2012
"Through our strong focus on R&D we are driving continuous conversion efficiency improvement in our standard crystalline silicon solar products. For example, this 255-watt panel is around 5 percent more powerful than the industry average and offers one of the best price to performance ratios in the market. With ongoing innovation, we are targeting to increase the nominal power output of this solar panel to 260 watts in the near future."
The 255W polycrystalline module has been certified according to the IEC 61701 standard salt mist corrosion test ensuring that it is well-suited to operate in coastal applications. The module features an anti-reflective hydrophobic layer that reduces surface dust....Suntech to introduce 255-Watt polycrystalline module at Intersolar Europe 2012
Friday, June 1, 2012
Outland to operate and maintain three Xcel Energy wind farms
In Minnesota, Outland will provide full-time services for the 201MW Nobles wind farm in Nobles County and the 100.5MW Grand Meadow wind farm in Mower County. Both sites utilize GE 1.5MW wind turbines. In Colorado, Outland will provide full-time services for the 26.5MW Ponnequin site, which utilizes both Vestas 660kW and NEG-Micon 750kW wind turbines.
"Our entire team is excited to be expanding our service offering to an industry leader like Xcel Energy," said Steve Scott, president and CEO of Outland. "I'm especially proud of our technicians who have performed exceptionally well at Xcel's Grand Meadow location over the past 20 months."
Xcel Energy is a major US electricity and natural gas company that provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies in eight Western and Midwestern states.
Outland to operate and maintain three Xcel Energy wind farms
"Our entire team is excited to be expanding our service offering to an industry leader like Xcel Energy," said Steve Scott, president and CEO of Outland. "I'm especially proud of our technicians who have performed exceptionally well at Xcel's Grand Meadow location over the past 20 months."
Xcel Energy is a major US electricity and natural gas company that provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies in eight Western and Midwestern states.
Outland to operate and maintain three Xcel Energy wind farms
Canada’s largest biodiesel plant enters final stage of construction
“By Fall 2012, the Great Lakes Biodiesel plant will be the largest operating biodiesel plant in Canada. The objective of GLB is to provide Canadian oil refiners and obligated parties, that are required to blend biodiesel with diesel under the Federal two per cent mandate with a dependable, high quality, domestically produced ASTM biodiesel,” said Barry Kramble, CEO, Great Lakes Biodiesel.
The construction of the GLB biodiesel plant represents a positive step forward for developing sustainable energy in Canada. GLB is focused on preserving the environment though the production and supply of emission-reducing biodiesel, which will ultimately contribute to the reduction of Canada’s ecological footprint and cleaner air for all Canadians.
Great Lakes Biodiesel was approved to receive a production incentive and manufacture 170 million liters per year of biodiesel under Natural Resources Canada’s (NRCAN) ecoENERGY Program in December 2011....
Canada’s largest biodiesel plant enters final stage of construction
The construction of the GLB biodiesel plant represents a positive step forward for developing sustainable energy in Canada. GLB is focused on preserving the environment though the production and supply of emission-reducing biodiesel, which will ultimately contribute to the reduction of Canada’s ecological footprint and cleaner air for all Canadians.
Great Lakes Biodiesel was approved to receive a production incentive and manufacture 170 million liters per year of biodiesel under Natural Resources Canada’s (NRCAN) ecoENERGY Program in December 2011....
Canada’s largest biodiesel plant enters final stage of construction
GE Hitachi Nuclear, University of Manchester to dispose plutonium stockpile at Sellafield
The agreement follows the announcement last month at a nuclear industry conference that GE Hitachi Nuclear Energy and the National Nuclear Laboratory intend to collaborate.
The University of Manchester recently won a Queen’s Anniversary Prize for its internationally renowned nuclear research and skills development for the nuclear industry, making it an ideal partner to work with GE Hitachi Nuclear Energy in the potential deployment of PRISM.
“We continue to capitalize on the UK’s nuclear expertise and are excited by the opportunity of working with the esteemed and prestigious University of Manchester on this potential project,” said Danny Roderick, senior vice president of new plant projects for GE Hitachi Nuclear Energy.
“Manchester is a growing center of expertise for the civil nuclear energy sector, so we’re delighted to work with them on PRISM, which we believe is the best way to manage the UK’s plutonium stockpile efficiently, securely and safely while generating low-carbon electricity at the same time.”
Tim Abram, professor of nuclear fuel technology at the University of Manchester...GE Hitachi Nuclear, University of Manchester to dispose plutonium stockpile at Sellafield
The University of Manchester recently won a Queen’s Anniversary Prize for its internationally renowned nuclear research and skills development for the nuclear industry, making it an ideal partner to work with GE Hitachi Nuclear Energy in the potential deployment of PRISM.
“We continue to capitalize on the UK’s nuclear expertise and are excited by the opportunity of working with the esteemed and prestigious University of Manchester on this potential project,” said Danny Roderick, senior vice president of new plant projects for GE Hitachi Nuclear Energy.
“Manchester is a growing center of expertise for the civil nuclear energy sector, so we’re delighted to work with them on PRISM, which we believe is the best way to manage the UK’s plutonium stockpile efficiently, securely and safely while generating low-carbon electricity at the same time.”
Tim Abram, professor of nuclear fuel technology at the University of Manchester...GE Hitachi Nuclear, University of Manchester to dispose plutonium stockpile at Sellafield
Thursday, May 31, 2012
Enel hooks up Castle Rock Ridge wind farm to Canadian grid
The 33 turbines of the wind farm will be able to generate over 200 million kWh each year, avoiding atmospheric emissions of more than 130 thousand tons of CO2 annually.
With Castle Rock Ridge, Enel Green Power has increased its installed capacity to 124MW in Canada, while the group’s total installed capacity in North America has reached 1,088MW.
"Castle Rock Ridge is a clear demonstration of our ability to build power plants in Canada and a first step for future potential development in the Alberta region,” said Enel Green Power CEO Francesco Starace. “The entry into service of the new plant has further increased our ‘zero-emissions’ capacity in the country, where we have had a well established presence for a long time, stressing our commitment to contributing to sustainable growth.”
Enel Green Power North America, a subsidiary of Enel Green Power, is a owner and operator...Enel hooks up Castle Rock Ridge wind farm to Canadian grid
With Castle Rock Ridge, Enel Green Power has increased its installed capacity to 124MW in Canada, while the group’s total installed capacity in North America has reached 1,088MW.
"Castle Rock Ridge is a clear demonstration of our ability to build power plants in Canada and a first step for future potential development in the Alberta region,” said Enel Green Power CEO Francesco Starace. “The entry into service of the new plant has further increased our ‘zero-emissions’ capacity in the country, where we have had a well established presence for a long time, stressing our commitment to contributing to sustainable growth.”
Enel Green Power North America, a subsidiary of Enel Green Power, is a owner and operator...Enel hooks up Castle Rock Ridge wind farm to Canadian grid
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