E.ON off to a positive start in 2012, anticipates €2.7 billion FY income

E.ON’s sales rose by 28 percent year on year to €35.7 billion, owing in particular to higher sales in the Optimization & Trading segment. This was primarily the result of an increase in trading activity to optimize E.ON’s generation fleet. The Renewables, Germany, and Russia segments also posted higher sales. Sales were significantly lower in the Generation segment due to the absence of output from nuclear power stations in Germany that were mandatorily shut down in 2011.

E.ON’s first-quarter investments in property, plant, and equipment, intangible assets, and shareholdings totaled €1.2 billion, roughly the same as the prior-year figure.

Operating cash flow declined by 51 percent year on year to roughly €450 million. Positive effects from the EBITDA increase and a decline in working capital were more than offset by significant withholding taxes which E.ON expects to be refunded in the second half of the year...
E.ON off to a positive start in 2012, anticipates €2.7 billion FY income

Cogentrix connects Alamosa solar plant to Colorado's power grid

The Alamosa Solar Generating plant, located in the San Luis Valley of Colorado, produces 30 megawatts of solar power for use by customers of Xcel Energy’s subsidiary, Public Service Company of Colorado (PSCo).

The Alamosa Solar project site is approximately 225 acres and consists of over 500 dual-axis, pedestal mounted tracker assemblies, each capable of producing approximately 60kW of electricity from the sun. Each tracker assembly is 70 feet wide by 50 feet high and contains 7,560 Fresnel lenses that concentrate sunlight by a multiple of 500 onto multi-junction solar cells developed originally as part of the US space program. The construction of the facility was contracted to MA Mortenson Co...
Cogentrix connects Alamosa solar plant to Colorado's power grid

JCM, Panasonic to launch end-to-end solar services in Ontario

The arrangement will combine JCM’s expertise and initial $10 million development capital fund with Panasonic’s construction financing and expertise. By aligning, JCM and Panasonic provide the Ontario solar market with a scalable end-to-end financial and service solution, from application stage to commercial operation date (COD) for commercial scale photovoltaic (PV) projects and/or their associated portfolios.

The agreement is intended to facilitate the deployment of over 120MW of commercial rooftop and ground-mount PV projects across the province over a two-year period, with an initial focus on 5MW of JCM’s FIT contract equipped commercial rooftop projects. Panasonic’s PV modules, which are manufactured in Ontario, will be featured throughout all of the designated projects.

JCM Capital’s CEO Christian Wray said: “We are pleased to align ourselves with a world-renowned corporation such as Panasonic and are confident that their best-in-class PV products and services will provide these associated projects with...JCM, Panasonic to launch end-to-end solar services in Ontario

US Geothermal starts performance testing at San Emidio power plant

Performance testing includes guaranteed output, capacity, reliability and continuous operation tests that the plant must pass to achieve both commercial operation under the PPA and substantial completion under the EPC contract.

The San Emidio power plant has undergone component commissioning during the past three weeks and has operated at generation levels of up to 9 megawatts net (12 megawatts gross).

During commissioning and performance testing, all power generated is sold under the PPA at a rate of $50 per megawatt-hour until commercial operation is achieved. Upon acceptance of commercial operation by NV Energy, the power rate will increase to $89.75 per megawatt-hour with a 1 percent annual escalation...
US Geothermal starts performance testing at San Emidio power plant

Alstom to deliver GIS technology to Gabel El-Zayt wind farm

Located on the Gulf of Suez, and covering 625 sqkm, Gabel El-Zayt will be the largest onshore wind farm in Egypt with a planned capacity of 3GW by 2020. The project is financed by the German Bank for Reconstruction (KfW).

The scope of the turnkey project includes civil works, as well as eleven 220 kV GIS Bays, 43 Medium Voltage (MV) GIS Switchgear, two 125 MVA power transformers, automation and telecommunication systems. All Alstom products are manufactured in France and Turkey. The substation is due to be commissioned at the end of 2013....
Alstom to deliver GIS technology to Gabel El-Zayt wind farm

Iberdrola opens new London office, to invest over £10 billion in UK

At the launch, Ignacio Galan, chairman and CEO of Iberdrola and chairman of ScottishPower said that the UK was central to the group’s plans: “We are projecting investments that will exceed £10 billion in the UK in the coming years. Our sector is one that can help with economic recovery and our plans will create jobs and invest in the country’s energy future”.

He also praised the UK for leading the way in liberalizing their energy sector. “Decisions now being made will affect our energy sector for many years to come.” He said this represented major challenges “but also an opportunity for ScottishPower as an investor, employer and creator of economic value for the UK.”

Through the London office, Iberdrola seeks closer proximity with the international financial community, while providing a focal point for its major development projects in offshore wind and new nuclear build in the UK. It also symbolizes Iberdrola’s growing multicultural nature, with....Iberdrola opens new London office, to invest over £10 billion in UK

SPX to supply dry cooling system for 1.3GW Warren County Power Station

Dominion Virginia Power, a subsidiary of Dominion, is building the new power station facility in Warren County, Virginia.

The contract was awarded to SPX by Warren County Energy Partners, a joint venture of Burns & McDonnell and Zachry Industrial. The contract calls for SPX to supply one of the biggest ACCs in the world in what is expected to be one of the largest combined cycle power plants ever installed in the Americas.

The Warren County Power Station is scheduled to be constructed on a 39-acre site in the Warren Industrial Park, approximately three miles north of Front Royal, Virginia....
SPX to supply dry cooling system for 1.3GW Warren County Power Station

ENEL unveils TOB, new power generation system for isolated areas

The new Triangle-based Omni-purpose Building (TOB) consists of a wooden gazebo covered in photovoltaic panels and equipped with a storage battery which could revolutionize the energy sector, and mark a turning point for millions of people that are still living without electricity.

Livio Vido, director of the Enel Engineering and Research Division, said: “This inauguration is an important moment, because it confirms Enel Research’s leading role in technological innovation in the energy field. TOB is a simple, low-cost solution that is easy to install and use, opening up important prospects for delivering electricity to the world’s most remote locations.”

According to Enel, the trial system in Pisa is the first of its kind in the world...ENEL unveils TOB, new power generation system for isolated areas

Vattenfall secures consent for Pen Y Cymoedd wind farm in South Wales

Made up of 76 turbines, Pen Y Cymoedd wind farm will have the highest generating capacity of any onshore wind farm in England and Wales. The developer predicts that it will generate enough electricity to power the equivalent of up to 206,000 homes a year.

Vattenfall has also pledged to a community benefits package potentially worth more than £55 million over the lifetime of the development, including £3 million for habitat management and £6,000 a year per megawatt to a Community Trust Fund....
Vattenfall secures consent for Pen Y Cymoedd wind farm in South Wales