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NextEra Commissions Huron County Mich. Wind Park (Ind. Report)
In Huron County, Michigan, NextEra Energy's Pheasant Run Wind Farm installed the last of its 88 wind turbines and was commissioned last week. The company is slated to begin testing the wind farm's management system and its post construction sound compliance testing this week. He said Epsilon Associates has been contracted to conduct that testing.
Construction site reclamation will get underway as soon as the ground thaws and weight restrictions are removed from the roads. As part of that process, the site will be graded out and returned to its original condition. The work is slated to be completed by the end of June.
(Source: NextEra Energy, michigansthumb.com, 14 Feb., 2014) Contact: NextEra Energy Inc., www.nexteraenergy.com
Tags NextEra Energy news
, Wind news
, Pheasant Run Wind news
NextEra, West Grey Wind Farm Battle Rages On (Ind. Report)
In Ontario, the Municipality of West Grey (pop. 12,000+-) has vowed to continue its battle with wind energy developer
NextEra Energy Canada over the company's plan to install up to 14 wind turbines east of Durham.
In its ongoing dispute, West Grey Council wants to slap fees on the company that include a $100,000 bond per wind turbine.
Nextera appealed the $100,000 per turbine fee to the Ontario Energy Board, and won. West Grey's Mayor Kevin Eccles says the municipality will appeal the ruling and that relations between West Grey and Nextera are "not amicable."
(Source: Ontario Wind Resistance, Blackburn, 3 Jan., 2013) Contact: Municipality of West Grey, Kevin Eccles, Mayor, (519) 369-2200, firstname.lastname@example.org, www.westgrey.com; NextEra Energy Canada, (416) 364-9714, www.nexteraenergycanada.com
Tags Nextera news, Wind news,
Nebraska's Steel Flats Wind Farm Comes Online (Ind. Report)
NextEra Energy Resources,NPPD
The 44-turbine, 75 MW Steele Flats Wind Farm near Diller and Steele City, Nebraska has begun operations. The wind farm, which was built by NextEra Energy Resources, will generate sufficient electricity to power 19,000 homes.
The N.J.-based firm of Becton, Dickinson and Company will utilize 30 MW of the facility's power to offset electricity use at its manufacturing facilities in Columbus and Holdrege, Nebraska. The Nebraska Public Power District (NPPD) will purchase the balance of the wind farm's power production.
With the Steele Flats Wind Farm, coupled with a planned Broken Bow II Wind Farm to be completed by the end of 2014, NPPD will be within 45 MW of its goal of obtaining 10 percent of its energy resources from renewable energy.
(Source: NPPD, N.Platte Bulletin, Nov. 18, 2013)
Contact: NPPD, Sarah Hopwood, (402) 563-5405, email@example.com, www.nppd.com
Tags NPPD news, NextEra Energy Resources news, Wind news, NPPD news,
Brookfield Renewable Energy Expands Maine Hydro Holdings (M&A)
Brookfield Renewable Energy
Toronto-based Brookfield Renewable Energy Partners will acquire nine hydroelectric dams in Maine from Black Bear Hydro Partners, a subsidiary of Boston-based ArcLight Capital Partners, according to a press release. Financial details were not released.
The dams, which have an operating capacity of 70 megawatts, are on the Penobscot, Androscoggin and Union rivers.
In 1012, Brookfield acquired 19 dams from NextEra Energy Resources, which brought the number of dams it operates in Maine to 29 and its total generating capacity to 270 megawatts.
The nine new dams will bring the total to 38 and increase its capacity to 340 megawatts. The total generating capacity for all Maine hydroelectric facilities is roughly 762 megawatts, according to the Maine Department of Environmental Protection. (Source: Brookfield Renewable Energy, BDN Maine, 4 Nov., 2013)
Contact: Brookfield Renewable Energy, Zev Korman, Director, Investor Relations and Communications , (416) 359-1955, firstname.lastname@example.org, www.brookfieldrenewable.com
Tags Brookfield Renewable Energy news, Hydro Power news,
TransAlta Renewables Snares 144 MW Wyoming Wind Farm (M&A)
Calgary-based TransAlta Renewables Inc., a wholly owned subsidiary of TransAlta, will acquire the economic interest in a 144 MW wind farm in Wyoming from an affiliate of NextEra Energy Resources, LLC for approximately $102 million which will be borrowed from TransAlta.
The wind farm is fully operational and has a long-term PPA in place. The acquisition is subject to regulatory approvals but is expected to close by the end of December 2013. TransAlta Renewables currently holds 28 wind and hydroelectric power generation facilities, not including the Wyoming wind farm, having an aggregate installed generating capacity of 1,234 MW, in which TransAlta Renewables has a net ownership interest of approximately 1,112 MW. (Source: TransAlta Renewables, 21 Oct., 2013) Contact:
TransAlta Renewables Inc., Brent Ward Director, Corporate Finance and Investor Relations, (800) 387-3598, (403) 267-2540, email@example.com, www.transalta.com
Tags TransAlta news, TransAlta Renewables news, Wind news,
First Solar to Build NextEra Energy Solar Project (Ind. Report)
First Solar,NextEra Energy Resources
Tempe, Arizona-headquartered First Solar, Inc. has contracted to build the 250 MW McCoy Solar Energy Project in Blythe, California, for a subsidiary of NextEra Energy Resources, LLC.
First Solar will provide Engineering, Procurement and Construction services, using First Solar's cadmium telluride (CdTe) photovoltaic thin-film modules. Construction is expected to begin in late 2014, with completion in late 2016.
The McCoy Solar Energy Project is located near the 550MWAC Desert Sunlight Solar Farm, jointly owned by a subsidiary of NextEra, GE Energy Financial Services, and Sumitomo Corporation of America, and currently under construction by First Solar.
NextEra Energy Resources is a wholesale electricity supplier based in Juno Beach, Florida. It is a subsidiary of NextEra Energy, a Fortune 200 company. Prior to 2009, NextEra Energy Resources was known as FPL Energy.
(Source: First Solar, PR, Oct. 16, 2013) Contact:
David Brady, IR,
firstname.lastname@example.org, www.firstsolar.com; NextEra Energy Resources, (561) 691-7171, http://www.nexteraenergyresources.com
Tags First Solar news, Solar news, NextEra Energy Resources news,
NextEra Completes Haldimand Co. Ontario Wind Farm (Ind. Report)
NextEra Energy,Summerhaven Wind
NextEra Energy Inc.'s Canadian business wing -- Summerhaven Wind, LP -- is reporting the completion of its 124.4 MW wind farm in Haldimand County, Ontario. The $26 million wind farm consists of 56 turbines generating sufficient power for 32,000 homes.
The Haldimand Wind Energy Center is integral to NextEra Energy's Canadian wind program of bringing into service 125 MW of renewable energy in 2013. The company is also making efforts to bring online about 475 MW in the period 2014 to 2015. In the U.S., NextEra plans to add about 500-1,500 MW of wind assets in the period 2013 to 2014. (Source: NextEra, Zacks, 26 Sept., 2013) Contact: NextEra Energy Canada, (416) 364-9714, www.nexteraenergycanada.com
Tags NextEra Energy news, Wind news, Ontario Wind news,
NextEra's Diller Wind Farm Construction Underway (Ind. Report)
Construction is underway on a $138 million, 44 turbine wind farm is underway in Diller, Nebraska.
The 75-MW project is being built by NextEra Energy Resources in southwest Gage and southeast Jefferson counties.
The Nebraska Public Power District will purchase all the power from the site, most of which will go to communities and utilities NPPD serves statewide, and an unnamed industrial customer.
(Source: NextEra Energy Resources, The Republic, 25 Aug., 2013) Contact: NextEra Energy, Steven Stengel, (888) 867-3050, email@example.com
Tags NextEra Energy Resources news
, Wind news
NextEra Snares Solar Specialist Smart Energy Capital (M&A)
NextEra Energy Resources,Smart Energy Capital
Juno Beach, Florida-headquartered NextEra Energy Resources has acquired solar PV project developer Smart Energy Capital. Financial details were not disclosed.
White PLains, N.Y.-based Smart Energy Capital has completed more than 70 megawatts of solar PV projects from site selection through interconnect and provides capital at various stages to those projects, with $250 million of project capital deployed. Projects completed range from schools to municipalities and utilities using roof- and ground-mount across a variety of solar technologies and geographies.
(Source: NextEra, GreentechSolat, May 16, 2013) Contact: NextEra Energy Resources, Andrew Beebe, VP Distributed Generation, (561) 691-7171, http://www.nexteraenergyresources.com; Smart Energy Capital, Konstantin Braun, (914) 618-4788, firstname.lastname@example.org, www.smartenergycapital.com
Tags NextEra Energy Resources news, Smart Energy Capital news,
Duke Holds on to Bronze in Sodium Oxides Emissions (Ind. Report)
Charlotte-based Duke Energy reduced its carbon emissions in 2011 by about 6.6 million tons from the prvious year, but the utility giant remained the nation's third-largest carbon emitter, according to the ninth annual Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States
report prepared by environmental consulting firm M.J. Bradley & Associates. The report pegs Duke, the country's fifth-largest power produce, behind Southern Co., American Electric Power (AEP), NextEra Energy and Exelon. Duke's total carbon emissions were 93.5 million tons, down from 100.2 million tons in 2010.
Duke ranked third for emissions of sodium oxides, fifth for nitrogen oxides and 12th for mercury emissions -- its best ranking.
In 2011 ratings, the country's 11th-largest power producer, Progress Energy, ranked 13th in carbon emissions, 14th for sodium oxides, 13th for nitrogen oxides and 28th for mercury.
The report also looks at statistics for states. North Carolina was 13th in the nation for carbon emissions from power generation, and South Carolina was 23rd.
Thereport was prepared for a coalition of business and environmental groups including the environmental advocate Ceres, Bank of America, Entergy, Exelon and the Natural Resources Defense Council. (Source: Charlotte Business Journal, 15 May, 2013) Contact: Duke Energy, www.duke-energy.com
Tags Duke Energy news, GHG Emissions news, Carbon Dioxide Emissions news,
Ontario Wind Power gets a Boost from Niagara's Power Transmission Lines (Ind. Report)
Ontario Clean Technology Alliance
The Ontario Clean Technology Alliance (OCTA) has announced a series of national and international wind investments in approximate 200 wind turbines that will be installed throughout Ontario's Haldimand County and into the Niagara Region. Companies involved in the Ontario projects include
Capital Power Inc., Enercon Canada Inc., Niagara Region Wind Corp. (NRWC), NextEra Energy Canada ULC, REpower Systems SE, Samsung Renewable Energy Inc., and TSP Canada Towers Inc.
The companies are attracted by an excellent wind profile and connections to existing transmission lines that carry power from Niagara Falls into southern Ontario's manufacturing heartland.
The wind power infrastructure investment is also made possible by the Province of Ontario's Green Energy Act of 2009 that, since 2009, has helped build on the $27 billion in private sector clean energy investments attracted to Ontario. (Source: Ontario Clean Technology Alliance, Environmental Protection, 6 May, 2013) Contact: OCTA, Sean Dyke, (519) 631-1680x4104, http://www.ontariocleantechalliance.com
Tags Wind news,
NextEra plans 2013 Steele Flats Wind Construction Start (Ind. Report)
NextEra Energy Resources,Infinity Wind Power
Juno Beach, Florida-headquartered NextEra Energy Resources has filed an application with the Gage County Planning and Zoning Commission for a wind farm along stretching along Highway 8 near Odell, Diller and Steele City.
NextEra has tagged it the Steele Flats Wind Project.
The Nebraska Public Power District Board has authorized its management to sign a 20-year PPA for all of the power the Steele Flats Wind Project generates.
The 75-megawatt Steele Flats project was originally conceived by Infinity Wind Power in 2011 when the Santa Barbara, California-based company began developing the site.
Infinity later chose NextEra Energy Resources as the long-term owner and operator for the project.
As many as 44 wind turbines, each 426-feet tall and capable of generating 1.7-megawatts, are planned for the site, with 12-13 turbines planned for Gage County. (Source: NextEra Energy Resources, Daily Sun, Feb. 15, 2013) Contact: NextEra Energy, Steven Stengel, (888) 867-3050, email@example.com, www.nexteraenergy.com;Infinity Wind, (805) 569-6180, www.infinitywind.com
Tags NextEra Energy Resources news, Wind news, Infinity Wind Power news,
Xcel Wind Power sets New Production Record (Ind. Report)
About 1 a.m. on Jan. 16, Xcel Energy Inc.'s Colorado system carried a record total of 1,960 MW of wind power for an hour, enough to support the demands of about 490,000 homes. The wind power accounted for 51 percent of all the electricity Xcel was carrying on its system at that time, according to Xcel spokesman Mark Stutz.
Xcel set a nationwide record In April 2012 Xcel set a nationwide record when when it provided 57 percent of the electricity the utility delivered in Colorado during one hour of that day. No other utility has carried such a high percentage of wind power on its system for an hour, according to Xcel.
AWEA has ranked Xcel the No. 1 wind power utility in U.S. for several years. At the end of 2011, the company had more than 4,000 MW of wind power on its electrical system in the eight states it serves. In Colorado, Xcel's contracted wind farms, when operating at full capacity, can supply 2,177 MW of electricity. Stutz said.
The amount of megawatts Xcel received from wind power was boosted in 2012 by the new NextEra Energy Resources wind farm near Limon, which began generating 400 MW of electricity late in the year.
(Source: Xcel, Denver Business Journal, 12 Feb., 2013)
Contact: Frank Novachek, Xcel Energy, Dir. Business Planning, (303) 294-2410, firstname.lastname@example.org , www.xcelenergy.com
Tags Xcel Energy news, Wind news,
McCoy's Calif. Desert Solar Project Awaiting Enviromental Impact Approval (Ind. Report)
McCoy Solar,NextEra Energy Resources
The 750MW McCoy Solar Energy Project proposed for the Riverside County, California, has submitted a final environmental impact statement for approval.
The project would be one of the largest PV projects situated on public lands managed by the Bureau of Land Management. The project will be developed, owned and operated by McCoy Solar LLC, a subsidiary of NextEra Energy Resources.
Upon completion, the facility could supply power to as many as 200,000 California households. (Source: McCoy Solar, PV Insider, Jan. 8, 2013) Contact: NextEra Energy, Steven Stengel, (888) 867-3050, email@example.com, www.nexteraenergy.com
Tags Solar news, NextEra Energy Resources news,
Brookfield Renewable, NextEra Seal $760Mn Hydropower Deal (M&A)
Brookfield Renewable Energy
Brookfield Renewable Energy Partners,
which is managed and majority-owned by Toronto-based Brookfield Asset Management, is acquiring the portfolio of 19 hydroelectric dams, as well as eight upstream storage reservoir dams, from NextEra Energy Resources LLC for approximately $760 million.
NextEra Energy Resources is a subsidiary of Juno Beach, Fla.-based NextEra Energy Inc. The dams are licensed to another subsidiary of NextEra's, FPL Energy Maine Hydro LLC.
The 19 dams are primarily on the Kennebec, Androscoggin and Saco rivers and have a total capacity of 351 megawatts and annual generation capacity of 1.6 million megawatt-hours. All of the facilities have licenses from the Federal Energy Regulatory Commission, most of which are valid through 2025. All output from the facilities is sold into the New England wholesale power market.
(Source: Brookfield Renewable Energy, McClatchy-Tribune, Dec. 28, 2012) Contact: Zev Korman, Director, Investor Relations and Communications , Brookfield Renewable, (416) 359-1955, firstname.lastname@example.org, www.brookfieldrenewable.com; NextEra, Steven Stengel, (888) 867-3050, email@example.com, www.nexteraenergy.com
Tags Brookfield Renewable Energy news, NextEra news, Hydropower news,
Google's Renewables Funding Nearing $1Bn (M&A)
Google reports that it has taken a $75-million equity stake in an existing 20-Nordex turbine, 50-MW wind farm northwest of Des Moines, Iowa where the company operates a data center.
In 2010, the company entered into a long-term wind energy purchase agreement with NextEra Energy Resources' Story County II wind farm. With this new investment, Google is investing directly into a wind project which has been contracted to sell all of its energy generation to the Central Iowa Power Cooperative.
Google's renewable energy investments include:
$94 million in four Recurrent Energy solar projects in the Sacramento, Calif., area;
$75 million in a Clean Power Finance fund to finance solar installations at some 3,000 homes;
$280 million in a SolarCity fund for similar residential installations;
a total of $178 million in BrightSource, backing the Ivanpah power tower solar project in the Mojave Desert;
an undisclosed amount for a 37.5 percent equity stake in Atlantic Wind Connection, which would provide transmission for up to 7,000 MW of offshore wind power in the Mid-Atlantic region;
$157 million into the Alta Wind Energy Center, a cluster of wind farms north of Los Angeles;
$100 million into Shepherd's Flat, the giant, 892-MW Oregon wind farm that was recently completed;
$38.8 million into two North Dakota wind farms with total generating capacity of 169.5 MW;
and about $5 million for an equity stake in an 18.65-MW solar power plant in Brandenburg, Germany.
(Source: Google, Energy Collective Nov. 16, 2012)
Tags Renewable Energy news, Google news, Wind news,
TSMC gunning for First Solar in thin-film solar cells
A top foundry company that has been increasing its dominance in accepting the outsourcing of microchip production from companies around the globe is now making serious gains in advanced thin-film solar cell manufacturing as well. The Taiwanese Semiconductor Manufacturing Company (TSMC) made significant investments several years ago to become a major player in the production of copper-indium-gallium- selenide (CIGS) solar cells.
One of the primary driving forces for all thin-film solar modules is the benefit of using very-thin deposited layers of semiconductor material in order to avoid the high costs of the raw materials and energy required to produce high-purity single crystal silicon wafers that are applied towards the majority of the solar cell market.
TSMC Solar has successfully manufactured 14.2 percent efficient modules after several years of R&D in conjunction with its pilot production line at its advanced manufacturing facility located in Taiwan. These panels have entered the standard industry certification process and commercial shipments expected early in 2013. TSMC has also achieved stellar improvement in its production modules that are repeatedly achieving 13 percent module efficiency.
Since TSMC began customer shipments in April, TSMC modules have been sold to customers in leading solar markets globally including Germany, Italy, U.S., China and India. It is aiming to grasp market share from the world leader in thin-film, namely CdTe, solar cells, First Solar (FSLR), headquartered in Tempe, Arizona. FSLR has been devalued sharply as a company as its stock has dipped by near 70 percent over the last year, while it struggles with falling selling prices for its cadnium telluride (CdTe) solar modules due to highly competitive, cheaper crystalline silicon solar cell inventory being pumped into the market from China and as well as other poor business conditions.
However, it was announced this week that First Solar may win a contract to supply NextEra Energy Inc. for potentially the world’s largest solar farm. First Solar may be the only manufacturer with the capacity to supply enough CdTe solar panels for NextEra’s Blythe project in southern California, which is currently evaluating the technology. What’s more, First Solar is building the 290-megawatt Agua Caliente solar farm in Arizona for NRG. Currently, it is about 85 percent complete with approximately 250 megawatts of capacity in operation, making it the world’s biggest solar project producing electricity, according to First Solar.
Amid First Solar’s top spot in thin-film solar cells and recent successful contracts obtained globally, it faces a rising star in TSMC, which has grown over the last 10 years to be a world leader in advanced silicon microchip production. TSMC has a number of advantages over First Solar to aid any significant attempt to overtake First Solar in this regard including lower cost manufacturing, cash flow generation from its high-profit microchip production and a larger workforce from its related semiconductor technology and manufacturing division.
(Source: Phoenix Green Business Examiner, Sept. 28, 2012)
Big Corps Waiting to Enter Solar, NextEra Buys Blythe, Soladigm Raises $55 Million
Samsung and LG Electronics, Foxconn Technology and other big electronics manufacturers say they are biding their time but plan to get into the solar panel business when the dust clears, reports Bloomberg.
They can convert LCD panel factories to produce thin-film solar panels for $0.30 per kilowatt or less they say, but they're waiting for demand to triple. When the market reaches 100 GW a year (30 GW was installed in 2011), it will be large enough for them to get in.
That should be in about three years.
NextEra to Buy Blythe
NextEra Energy says it will buy the 1,000 megawatt (MW) Blythe solar project in California, which will be the biggest solar plant in the world.
NextEra is the highest bidder in an auction for the assets of Solar Trust of America, which recently declared bankruptcy. The project has all permits and grid connection rights.
Last week, BrightSource Energy placed the top bid to to buy the 500 MW Palen Solar Power Project in California. There's one more unfinished projects to be sold off, a 500 MW project in Amargosa Valley, Nevada, still in the planning phase.
400 MW Solar Project in Texas
OCI Solar Power, a subsidiary of a South Korean chemical company, and Nexolon, also from South Korea, are building two, 200 MW solar farms in the San Antonio, Texas area.
They both will open headquarters there and Nexolon will have a manufacturing plant there to make the solar panels.
The project is the "cornerstone of OCI's emerging green business in North America," board chair Kirk Milling told San Antonia Express News.
OCI has 350 MW of solar farms at various stages of development in the US, mostly in the Northeast. The 36 projects range from 2-20 MW.
Nexolon went public last year on the Korea Exchange. The founder's father chairs OCI, which is one of the biggest producers of polysilicon in the world.
Soladigm Raises $55 Million
Soladigm, which makes "dynamic glass" for buildings, closed a $55 million Series D equity round financing, bringing its total raised to $125 million.
The round is co-led by Reinet Investments and NanoDimension, and existing investors participated: DBL Investors, GE, Khosla Ventures, Navitas Capital, Sigma Partners, and The Westly Group.
Soladigm's glass changes from clear to tint on demand, enabling control of heat and glare in buildings while providing greater comfort, uninterrupted views, and natural daylight. The Dynamic Glass can significantly reduce heating, ventilation and air conditioning use, especially during times of peak load. (Source: Various, 25 June, 2012)
First Solar Installs 10 Millionth Module (Ind. Report)
First Solar,NextEra Energy Resources
Tempe, Arizona-based First Solar has installed its 10-millionth solar photovoltaic (PV) module in a utility-scale solar power project. The installation took place at the 550 megawatt alternating current (AC) Desert Sunlight Solar Farm project that the company is constructing for NextEra Energy Resources and GE Energy Financial Services.
The Desert Sunlight project near the community of Desert Center, California is part of First Solar's 2.7 gigawatt (GW) AC utility-scale solar project pipeline in North America.
First Solar has cumulatively produced almost 80 million of its advanced thin-film solar modules, enough to circle the earth almost 2.5 times. The total number represents a peak generating capacity of more than 6GW, enough to power 3 million homes, and displaces more than 4 million tons of CO2 per year. (Source: First Solar, 25 June, 2012) Contact: First Solar, Jim Brown, President , (602) 414-9300, , www.firstsolar.com; Steven Stengel, NextEra Energy, (888) 867-3050, firstname.lastname@example.org, www.nexteraenergy.com
Tags First Solar news, NextEra Energy Resources news,
NextEra Re-powering America's Oldest Wind Farm (Ind. Report)
NextEra Energy Resources
America's oldest wind farm in Altamont Pass, California is slated for a total refit by NextEra Energy Resources. More than 4,000 ancient -- by today's standards -- wind turbines are being replaced with newer and more efficient units. The first phase of the re-powering project has been completed, with the company replacing 400 of its turbines with 34 Siemens-built 2.3 MW turbines.
The Altamont Pass is a main migratory route and the outdated turbines have been implicated in the deaths of over 4,300 birds annually. The reduced number of turbine installations combined with their slower-spinning blades is expected to significantly reduce the amount of bird deaths.
When the re-powering project is completed in 2015, 100 wind turbines will generate the same amount of electricity as the original 4,000 turbines. All combined, they will annually generate enough electricity for over 19,500 homes. (Source: RevModo, NextEra, 4 June, 2012) Contact: NextEra Energy, Steven Stengel, (888) 867-3050, email@example.com, www.nexteraenergy.com
Tags NextEra Energy Resources news,
BLM Trims Desert Harvest Solar's Environmental Impact (Ind. Report)
Bureau of Land Management
Although the 1,200-acre Desert Harvest solar project is already the smallest of the large-scale solar plants proposed for public land east of southern California's Coachella Valley,
the U.S. Bureau of Land Management (BLM) wants to cut down the 150-MW photovoltaic plant by 164 acres and allow the project developer, enXco, to use high-profile racks that would raise the panels 15 feet off the ground.
The changes to enXco's original Desert Harvest plan, which would produce enough power for about 45,000 homes, are part of the BLM's draft environmental impact report on the project that was released last month.
Reducing the project footprint could be a selling point for Desert Harvest, which is located next to the 550-MW Desert Sunlight project, owned by NextEra Energy and GE. That project is now under construction several miles north of Desert Center.
Concerns have been raised about the cumulative effect of the two projects — their visual impact on the landscape and the amount of water they would use during construction.
If approved, Desert Harvest could be the third to be built in the Riverside East solar zone, 147,000 acres of public land stretching from Joshua Tree National Park to Blythe. (Source: BLM, Desert Sun, 14 May, 2012)
Contact: BLM, Megan Crandall , (801) 539-4061, www.blm.gov
Tags Bureau of Land Management news,
BPA Offers New Wind Power Curtailment Plan (Ind. Report)
The Bonneville Power Administration (BPA) has released a new proposal to address the oversupply issues that caused it to curtail 350 MW of wind energy generation last spring.
BPA says its new plan, which it has submitted to the Federal Energy Regulatory Commission (FERC), attempts to "balance multiple competing interests by equitably sharing oversupply costs and limiting total cost exposure." According to BPA, the proposal includes feedback from months of discussions with key stakeholders.
Under the new proposal, BPA would first work with the U.S. Army Corps of Engineers and the U.S. Bureau of Reclamation to manage federal hydroelectric generation and spill water up to dissolved gas limits.
Then, BPA would offer what it says would be 'low-cost or free' hydropower to replace the output of other power plants. Under this scenario, the expectation would be that generators would voluntarily reduce their generation to save money.
After those measures are taken, if electricity supply still exceeds demand, BPA would reduce the output of the remaining generation on the grid -- including wind energy -- in order of least cost. Notably, BPA would compensate wind generators for lost revenues, including renewable energy credits and production tax credits.
In December, 2011, FERC ruled that BPA had unduly discriminated against wind energy and gave preferential treatment to hydropower, and required BPA to submit a revised open-access transmission tariff (OATT).
Last month, BPA released a proposal that would compensate wind energy producers within its section of the grid for periodically reducing their output during periods of oversupply in order to keep supply from exceeding demand during high river flows.
However, wind energy developers claimed that the plan still violated federal energy law and was unfair to consumers. In a letter to FERC, several energy companies - including Iberdrola Renewables, Pacific Power, EDF Renewables North America, Invenergy Wind North America and NextEra Energy Resources - wrote that they would continue to insist that BPA comply with the FERC order and file a binding OATT.
The group representing these companies - the Renewable Northwest Project - was similarly displeased with BPA's new proposal.
At the time, BPA claimed its curtailment decision was necessary to protect salmon and steelhead, maintain the reliability of the power grid and avoid shifting costs to customers. However, salmon industry group Save Our wild Salmon (SOS) says BPA lacks the scientific evidence to support those claims.
In fact, SOS actually supports the wind energy industry's interests over BPA's curtailment actions. (Source: BPA, March 8, 2012) Contact: BPA, (503) 230-3000, www.bpa.gov
Tags BPA news,
GE Financial, JP Morgan to Invest $225Mn in NextEra's 662.5-MW Texas Wind Farm (Ind. Report, Funding)
NextEra Energy,JP Morgan,GE Financial
GE Energy Financial Services has joined JP Morgan to jointly invest $225 million in a partnership that owns the 662.5-megawatt Capricorn Ridge wind farm in West Texas. A subsidiary of NextEra Energy Resources, LLC remains the majority owner and operator of the project. Additional financial details of the transaction were not disclosed. NextEra Energy Resources is a subsidiary of NextEra Energy, Inc. (NYSE: NEE).
The Capricorn Ridge wind farm has been in operation since 2007 and employs 342 of GE Energy's 1.5-megawatt turbines, the world's most widely deployed wind turbine, and 65 of Siemens' 2.3-megawatt machines. The project is located in Sterling and Coke counties in one of Texas' Competitive Renewable Energy Zones (CREZ) -- resource rich, high-wind areas in West Texas and the Texas Panhandle that will increasingly supply renewable energy to major population centers in eastern Texas via new transmission projects.
Including Capricorn Ridge, GE Energy Financial Services has invested in 2,143 megawatts of wind farms in Texas -- approximately 20 percent of the installed wind capacity in the state. This transaction represents the GE unit's second major investment with NextEra Energy Resources and expands GE's broader relationship with NextEra Energy, which has been a GE customer for the past several decades. NextEra Energy Resources has installed over 3,200 of GE's 1.5-1.6-megawatt wind turbines, or approximately 5,000 megawatts, in the U.S. since 2002.
(Source: GE, February 27, 2012) Contact: Steven Stengel, NextEra Energy, (888) 867-3050, firstname.lastname@example.org, www.nexteraenergy.com
Tags NextEra Energy news, GE Financial news, JP Morgan news,
AEP SWEPCO Seals 359 MW Wind Power Purchase Deals (Ind. Report)
American Electric Power,Southwestern Electric Power
American Electric Power (AEP) subsidiary Southwestern Electric Power Co. (SWEPCO) has signed long-term power purchase agreements for a total of 358.65 MW of renewable energy from wind projects in Texas, Oklahoma and Kansas. Together with a 49.2-MW agreement signed by the Oklahoma Municipal Power Authority (OMPA), SWEPCO and its affiliates have exceeded the 400-MW renewable energy commitment in a recent settlement of legal issues involving the John W. Turk Jr. Power Plant.
The agreements will more than quadruple SWEPCO's wind energy portfolio. The new series of 20-year agreements includes:
three contracts totaling 201.25 MW from Canadian Hills Wind, LLC, owned by Apex Wind Energy Holdings, LLC and located in Canadian County, west of Oklahoma City, Okla.;
79.6 MW from High Majestic Wind II, LLC, owned by NextEra Energy Resources, LLC and located in Carson and Potter Counties in the Texas Panhandle;
77.8 MW from Flat Ridge 2 Wind Energy, LLC, owned by BP Wind Energy and Sempra U.S. Gas and Power and located in Barber, Harper, Kingman and Sumner Counties, southwest of Wichita, Kan.
Separately, OMPA, a co-owner of the Turk Plant, has signed a 25-year agreement for 49.2 MW from the Canadian Hills Wind project.
On December 22, 2011, SWEPCO announced that it had settled all legal actions brought against it by the Sierra Club, the National Audubon Society and Audubon Arkansas related to the Turk Plant under construction in southwest Arkansas. The settlement includes a provision that SWEPCO and its affiliates will construct or secure 400 MW of new renewable energy resources by the end of 2014. The SWEPCO and OMPA agreements total 407.85 MW.
The wind resources will be interconnected to SWEPCO through the transmission facilities of the Southwest Power Pool, the regional transmission organization that includes SWEPCO and other utilities across parts of nine states.
When the new projects are on line, SWEPCO's total wind capacity will be 469.15 MW.
SWEPCO serves 520,400 retail customers in three states, including 113,700 in western Arkansas, 225,700 in northwest and central Louisiana and 181,000 in north and eastern Texas. The company
owns 73 percent of the $1.7 billion Turk Plant. Co-owners of the Turk Plant are Arkansas Electric Cooperative Corp., East Texas Electric Cooperative , and Oklahoma Municipal Power Authority.(Source; AEP, January, 25, 2012) Contact: American Electric Power, www.aep.com; SWEPCO, www.swepco.com
Tags American Electric Power news, Southwestern Electric Power news, Wind Power Purchase Agreement news,
NextEra Advances Michigan Wind Turbine Manufacturing Plans (Ind. Report)
Plans are moving forward to build wind turbines in Michigan as part of a $250 million project in three Michigan counties.
Planning officials in Tuscola County's Gilford Township on Monday voted in favor of Juno Beach, Fla.-based NextEra Energy Inc.'s plans for the construction of 63 wind turbines. It's part of a the proposed Tuscola Bay Wind Energy Park.
The proposal also calls for turbines to be built in Bay County's Merritt Township and Saginaw County's Blumfield Township.
NextEra is negotiating separately each township and hope to begin building wind turbines in Spring, 2012.
(Source: Miami Herald, December, 13, 2011) Contact: Steven Stengel, NextEra Energy, (888) 867-3050, email@example.com
Tags NextEra Energy news
OwnEnergy Sells Blackwell Wind Farm to NextEra (M&A)
Community wind energy developer OwnEnergy it has closed a transaction in Kay County, OK whereby NextEra Energy Resources will acquire, construct and operate the Blackwell Wind Farm. Blackwell is a project that OwnEnergy has been developing from inception alongside its local landowner partners.
The 60-MW project is expected to be completed by the end of 2012 and the power produced sold under a long term PPA to Oklahoma Gas & Electric (OG&E). OG&E will use the output from the project to supply Oklahoma State University with clean energy. The Blackwell Wind Farm was initiated three years ago as a Community Wind farm by a local landowner in the Blackwell area, David Savage, who partnered with OwnEnergy and other local investors.
Own Energy will receive a royalty payment from the project throughout its life. (Source: Own Energy, December, 7, 2011)Contact: OwnEnergy, Jacob Susman, CEO, (646) 898-3690, www.ownenergy.net; Steven Stengel, NextEra Energy, (888) 867-3050, firstname.lastname@example.org, www.nexteraenergy.com
Tags OwnEnergy news, NextEra Energy news,
Okla. State Univ., OG&E Seal Wind Power Deal (Ind. Report)
OG&E,NextEra,Oklahoma State University
Oklahoma Gas and Electric (OG&E) and Oklahoma State University (OSU) have formed an agreement to provide wind power to OSU's Stillwater campus. If it is approved by the Oklahoma Corporation Commission (OCC), the 20-year agreement will provide wind energy to help meet the university's current and future power generation needs.
To support the OSU project, OG&E will contract with NextEra Energy to build a 60 MW wind farm near Blackwell, Okla. NextEra acquired the community wind development model project from OwnEnergy in November of this year.
As a result of the agreement, OSU plans to phase out the university's existing 62-year-old on-campus co-generation facility and construct a new, more efficient boiler/chiller plant.
(Source:OG&E, December, 5, 2011) Contact: Pete Delaney, CEO, Oklahoma Gas and Electric Co., (405) 553-3000, www.oge.com; Steven Stengel, NextEra Energy, (888) 867-3050, email@example.com, www.nexteraenergy.com
Tags Oklahoma Gas and Electric news, NextEra Energy news,
Colorado PUC Green-Lights Xcel Wind Power Contract (Reg. & Leg.)
Xcel Energy,Colorado PUC,NextEra Energy
The Colorado PUC on Monday approved a contract for Xcel Energy to buy 200-MW of wind power from a proposed new wind farm in Limon.
The commission voted 3-0 to approve the deal, with members saying the fixed wind-power costs would be a hedge against volatile natural-gas prices.
Xcel, Colorado's largest utility, sought to add the 200 MW, about a 10 percent increase in its wind power, because of the low price offered by wind-farm developer NextEra Energy.
The proposed wind farm, which will be built next year, would have the lowest wind costs the utility has ever paid, Xcel officials said.
The charge for the electricity from the Limon facility will start at $27.50 per megawatt-hour. Xcel's average purchase cost for wind since 2007 has been $42.16.
Over the 25-year contract, the price will increase about 2 percent per year.
The price is so low because Juno Beach, Fla.-based NextEra already is building another 200-megawatt wind farm for Xcel on the site and can take advantage of economies in building the second facility, company officials said.
The deal was challenged by the Climax Molybdenum Co., one of Xcel's largest customers.
Climax contended the extra wind power is not needed to either serve demand or meet the state's 30-percent renewable-energy standard by 2020.
Xcel has said that it will meet the standard by 2018 and be in compliance through 2029.
In order to take advantage of expiring federal tax credits, Xcel had to sign the deal by Nov. 30, and NextEra must have the wind farm running by Dec. 30, 2012. (Source: Denver Post, November, 22, 2011)
Contact: Steven Stengel,NextEra Energy, (888) 867-3050, firstname.lastname@example.org, www.nexteraenergy.com; Frank Novachek, Dir. Business Planning, Xcel Energy, (303) 294-2410, email@example.com, www.xcelenergy.com
Tags NextEra Energy news, Xcel Energy news,
Energy Storage Sector Sees Record Investments in Q3 (Ind. Report)
Ernst & Young
According to internation accountancy giant Ernst & Young, a record $421 million of venture capital investment in the energy storage sector helped push clean-tech venture capital (VC) investment in the US up 73 percent in the last quarter.
In total, $1.1 billion was raised by clean-tech companies from VCs, up three-quarters year-on-year, but up just 4 percent on the previous quarter.
To date this year, the sector has attracted $3.3 billion in VC funding in the US, compared with $4.9 billion for the whole of 2010.
However, the third quarter total was nonetheless lower than that of two quarters last year, one quarter in 2009 and three quarters in 2008 – when the equivalent three months saw $1.9 billion invested. The largest investment last quarter was the $150 million raised by stationary fuel cell maker Bloom Energy.
Clean-tech companies in the energy/electricity generation segment raised $255.1 million, down 2 percent from the same period last year. Solar accounted for 77 percent of the total.
Energy efficiency was the third most popular field in terms of money raised, with $245.1 million, up 23 percent year on year. It also boasted the largest number of deals, at 21. The largest deal in this segment was the $60 million raised by Bridgelux, which produces light-emitting diodes.
Ersnt & Young cited several new long-term commitments from large companies, such as developer NextEra Energy's plans to spend as much as $5.8 billion over the next three years to build wind and solar projects, utility PG&E's commitment of $1.3 billion to deploy smart grid technology over the next two decades, and shipping firm UPS's deployment of 103 hybrid electric vehicles this year.
Geographically, California continues to lead clean-tech investment in the US in 2011, with $1.7 billion raised to date. Last quarter, the state attracted 52 percent of clean-tech VC investment.
Massachusetts raised the second highest level of investments with $170.4 million, a 65 percent increase from the same period last year. (Source: Ernst & Young, November 7, 2011) Contact: Ernst & Young, www,ey.com
Tags Energy Storage news,
100-Plus Turbine California Wind Project Faces Conservationist Challenge (Reg. & Leg.)
NextEra Energy,California Wind Projects
California conservation groups have filed a legal challenge in Kern County Superior Court seeking to reopen the environmental review for the proposed 100-plus-turbine wind project in southern Sierra Nevada. The groups say the project needs to be redesigned to avoid risks to endangered California condors, golden eagles, and other rare bird species. The groups have met several times with the developer prior to filing the lawsuit, but have yet to resolve these concerns.
The project consists of two components: North Sky River, by NextEra Energy, and the much smaller Jawbone project, being developed by a private landowner. The project area is in the middle of a flyway regularly traversed by migratory birds.
The proposed project is directly north of the Pine Tree Wind project, which is under federal investigation for killing at least six legally protected golden eagles. More than 50 sightings of golden eagles were made, and some 15 golden eagle nests found, within 10 miles of the North Sky site during an environmental review of the project. The alarming potential for impacts to rare and endangered species prompted warnings from the U.S. Fish and Wildlife Service and the California Department of Fish and Game in letters to the county supervisors.
The Fish and Wildlife Service wrote: "The first full year of fatality monitoring [for the Pine Tree Wind project] resulted in an estimated 1,595 fatalities per year, which per megawatt (11.8 fatalities/megawatt) is among the highest fatality rates being recorded in the nation; it's reasonable to estimate that the proposed project would have avian fatality rates equal to or greater than those observed at the adjacent Pine Tree Wind Facility."
Kern County officials approved the project last month despite the warnings from wildlife agencies and conservation groups, allowing the project to move forward without having to undertake sufficient conservation measures to offset or minimize impacts on wildlife. (Source: Center for Biological Diversity, October, 21, 2011)
Contacts: James Navarro, Defenders of Wildlife, (202) 772-0247,firstname.lastname@example.org, www.defenders.org; Barbara Boyle, Sierra Club, (530) 574-5753, email@example.com, www.sierraclub.org;
Ileene Anderson, Center for Biological Diversity, (323) 654-5943, firstname.lastname@example.org, www.biologicaldiversity.org; Steven Stengel, NextEra Energy, (888) 867-3050, email@example.com, www.nexteraenergy.com
More Energy Overviews NextEra Energy news,
ND Regulators Reviewing $600M in Wind Projects (Reg. & Leg.)
North Dakota Public Service Commission
North Dakota state regulators on Wednesday approved construction of a 105-MW wind turbine farm in west-central North Dakota, and began reviewing three other wind projects that developers want to build next year.
The four projects will cost $600 million and add about 350 MW of power to North Dakota's wind-generation capacity, according to Public Service Commission filings.
Tony Clark, the PSC's president, said the state's wind energy development pace is accelerating because of next year's possible loss of a federal tax break for wind energy, and a requirement in neighboring Minnesota that utilities supply 25 percent of their electricity from renewable sources by 2025.
Low interest rates are another factor in the boomlet. "It's a cheap time for utilities to borrow capital," Clark said.
North Dakota's wind projects now have the ability to generate 1,424 MW of power, which is enough to provide electricity to 430,000 homes, according to AWEA.
On Wednesday, the ND PUC approved a construction permit for Bison 3, a Minnesota Power wind project in Morton and Oliver counties that calls for construction of 35 turbines capable of generating 105 MW of power.
Minnesota Power, a unit of Allete Inc., is based in Duluth, Minn., and serves northeastern Minnesota. It earlier received regulatory approvals to build the Bison 1 and Bison 2 projects in the same general location in west-central North Dakota.
Sixteen of the first project's 31 turbines are operating, and Minnesota Power expects the remaining 85 turbines to be running by the end of next year.
Separately, the PSC began its reviews on Wednesday of three additional wind projects in McHenry, Morton and Burleigh counties.
Meadowlark Wind I LLC has filed an application to build 63 wind turbines in southwestern McHenry County, south of Velva.
Two companies formed by NextEra Energy Resources, based in Juno Beach, Fla., have applied to build 30 turbines in north-central Morton County and 62 turbines in northern Burleigh County, the commission said.
The three projects will cost almost $450 million to build and be capable of generating about 250 MW of power, PSC filings say. (Source: Center Daily, October, 12, 2011)
Contact:Tony Clark, President, North Dakota PSC, (701) 328-2400, firstname.lastname@example.org, www.psc.nd.gov
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NextEra Unit Secures $935 million Financing (Funding)
A unit of NextEra Energy Inc , the largest U.S. renewable energy operator, said it secured $935 million in construction and term financing to build a 250-megawatt solar thermal power generating facility in California.
The financing consists of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility.
The U.S. DOE has provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan -- worth more than $680 million.
NextEra Energy Resources LLC's Genesis project is a utility-scale solar thermal power generating facility in Riverside County. (Source: NextEra Energy, August, 30, 2011)
Contact: Steven Stengel, NextEra Energy, (888) 867-3050, email@example.com, www.nexteraenergy.com
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DTE Seals 120 MW Wind Power Purchase Deal (Ind. Report)
DTE Energy,NextEra Energy,Tuscola Bay Wind
DTE Energy has contracted for the purchase of 120 megawatts (MW) from a wind farm in Tuscola, Bay, and Saginaw counties in Michigan.
The $485 million contract with NextEra Energy subsidiary Tuscola Bay Wind LLC, was approved today by the Michigan PSC. DTE Energy will purchase all of the energy produced at the 9,000-acre wind farm, which is expected to be operational late in 2012.
The wind farm will be owned by NextEra Energy Resources, which has nearly 115 renewable energy facilities and is the largest wind energy developer in the country. The project is in the engineering phase, with construction expected to start next year and take six to nine months.
To meet Michigan's renewable energy goals, DTE Energy expects to add about 1,000 MW, or 10 percent of its power, from renewable energy sources by 2015. DTE Energy plans to own facilities to supply up to half of that power and contract with third-party producers, such as NextEra, for the rest.
DTE Energy expects the majority of its renewable energy to come from wind resources, but the company also has a pilot solar energy program that could produce approximately 20 MW.
DTE Energy also announced it has selected Southfield, Mich.-based Barton Malow Co. to build the three DTE Energy wind farms in Huron and Sanilac counties next year. DTE also selected General Electric to provide the nearly 70 wind turbines to be sited at the wind farms, which will total about 110 MW. Initial delivery of the wind turbines is expected next summer.
The contracts will be filed with the MPSC for its approval.The project is expected to result in 110 to 120 construction jobs lasting six to nine months, and 10 to 12 full-time permanent positions to maintain the wind turbines. (Source: DTE, August, 25, 2011)
Contact: Trevor Lauer, Energy Marketing & Renewables VP, DTE, (313) 235-8104, firstname.lastname@example.org, www.dteenergy.com
More Energy Overviews NextEra news, DTE Energy news, Tuscola Bay Wind news,
DOE Finalizes Calif. CSP Partial Loan Guarantee (Funding)
The DOE has finalized a partial guarantee for an $852 million loan to support the development of the Genesis Solar Project, is a 250 MW parabolic trough concentrating solar power (CSP) facility that will increase the nation's currently installed CSP capacity by about 50 percent. NextEra Energy Resources, LLC, the project sponsor, estimates it will fund approximately 800 construction jobs and 47 operating jobs. The project is located on land managed by the Bureau of Land Management in Riverside County, California.
The partial loan guarantee will support a utility-scale deployment of proven and scalable parabolic trough solar thermal technology. The project is expected to produce enough electricity to power over 48,000 homes and avoid over 320,000 metric tons of CO2 emissions annually. Power from the project will be sold to Pacific Gas and Electric Company.
The lender-applicant, Credit Suisse AG, submitted the application under the Financial Institution Partnership Program (FIPP). Through FIPP financing, the DOE guarantees up to 80 percent of the eligible costs of a loan provided to a renewable energy project by qualified financial institutions. (Source: DOE, August, 26, 2011)
Contact: Steven Stengel, NextEra Energy, (888) 867-3050, email@example.com, www.nexteraenergy.com
More Energy Overviews NextEra Energy news, Genesis Solar news,
Northwest Wind vs Water Power Battle Brews (Reg. & Leg.)
A coalition of five companies filed a claim with the Federal Energy Regulatory Commission Monday, charging the Bonneville Power Administration with violating the Federal Power Act by requiring wind farms to shut down operations. The claim cites decades of regulatory policy as grounds to get more than 2,000 wind turbines back on the grid.
Iberdrola Renewables, PacifiCorp, NextEra Energy Resources, Horizon Wind Energy and Invenergy Wind North America are parties to the filing. Collectively, they have invested more than $6 billion in renewable energy generation in the Pacific Northwest. The American Wind Energy Association also filed comments in support.
Their filing charges that Bonneville Power, which owns approximately 75 percent of the transmission system in its balancing authority, used that authority to craft policies that benefit its own hydropower generation while breaking contracts with wind power companies to benefit its own business.
(Source: Sustainable Oregon, July, 20, 2011)
Access BPA response HERE
Contact:Don Furman, SVP , External Affairs , Iberdrola Renewables, (503) 796-7000, www.iberdrolarenewables.us;Pat Reiten, President, Pacific Power, (503) 813-5100, firstname.lastname@example.org
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Xcel Purchases Lower-Cost Wind from NextEra Energy (Ind. Report)
Xcel Energy has agreed purchase 200 MW of power from a wind farm presently under construction by NextEra Energy near Limon, Colorado.
Xcel had an agreement with E.On Climate & Energy for the wind power but, at the start of this year, rebid the contract as market conditions for buyers improved.
Xcel was able to "capture the benefits of lower wind-power costs," said David Eves, president of Xcel's subsidiary Public Service of Colorado.
The new contract is about 40 percent of the cost on the original deal. The price is proprietary, Xcel officials said.
The Limon Wind Energy Center will have 125 turbines on 35,000 acres, including a buffer zone, in Lincoln and Elbert counties near Limon.
Two additional wind farms that will each provide Xcel with an additional 250 MW of power are being built in the same area.
When the Limon facility is completed, Xcel will have about 1,950 MW of wind power, about 22 percent of Xcel's Colorado generating capacity, the company estimates. (Source: Xcel, June, 27,2011)
Contact: Frank Novachek, Xcel Energy, Dir. Business Planning, (303) 294-2410,email@example.com, www.xcelenergy.com
More Energy Overviews Xcel news, NextEra news,
NextEra Raises $177 Million Through Differential Membership Transaction (Funding)
NextEra Energy Resources
NextEra Energy Resources, LLC, announced today that one of its subsidiaries has sold Class B membership interests in White Oak Energy Funding, LLC to a subsidiary of Bank of America Corporation. The transaction comprises two fundings totaling $177 million in proceeds. The White Oak project, consisting of 150 megawatts of wind energy located in Illinois, is expected to qualify for a cash grant under section 1603 of the American Reinvestment and Recovery Act.
"This is NextEra Energy's first tax-equity transaction with the cash grant as a component," said Armando Pimentel, Executive VP of Finance and Chief Financial Officer of NextEra Energy, Inc. "We're very pleased to be able to demonstrate continued success in the tax-equity market and to raise capital in a tax-efficient manner." (Source: NextEra Energy Resources, LLC, June, 13, 2011)
Contact: Steven Stengel, NextEra Energy, (888) 867-3050, firstname.lastname@example.org, www.nexteraenergy.com
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DOE offers $2 billion in Loan Guarantees to Concentrating Solar Plants (Funding)
Abengoa Solar,NextEra Energy
The U.S. DOE has offered $2 billion in loan guarantees to support two concentrating solar power projects in California;
the Mojave Solar Project, sponsored by Abengoa Solar Inc (ABG.MC), $1.2 billion in loan guarantees and the Genesis Solar Project, sponsored by NextEra Energy Resources, LLC (NEE.N), more than $680 million in guarantees.
The projects are 250-mw each and their combined capacity will double the country's capacity of concentrating solar power.
(Source: DOE, Reuters, June, 15,2011)
More Energy Overviews Abengoa Solar news, NextEra Energy Resources news,
SRP to Purchase Power from Arizona's Latest Wind Farm (Ind. Report)
Salt River Project,NextEra Energy Resources
Salt River Project will purchase 100 percent of the electricity generated from NextEra Energy Resource's new I00-MW Yavapai Wind Project in Yavapai County, Arizona.
The 25-year power-purchase contract calls for the delivery of 99.2 MW of energy to SRP by Dec. 31, 2012, pending the necessary approvals. SRP also has the option to purchase at a later date approximately 20 MW of solar energy from a planned photovoltaic facility that could be built near the project's wind turbines.
Under SRP's Sustainable Portfolio, the utility must secure sustainable and renewable resources to meet 20 percent of its retail energy needs by 2020.
Combined with the output of the existing Dry Lake Wind Farm near Snowflake, the Yavapai Wind project will bring SRP's purchase of Arizona-based wind energy to almost 225 megawatts, by far the most by any utility in Arizona.
NextEra Energy Resources, a subsidiary of NextEra Energy Inc., is the largest generator of wind and solar power in North America.(Source: SRP, May, 2011)
Contact: Scott Harelson, SRP, (602) 236-2500, Scott.Harelson@srpnet.com
More Energy Overviews Salt River Project news, NextEra Energy news,
Google Energy purchasing Wind Power from NextEra (Ind. Report, G&C)
A NextEra Energy Inc unit will sell 100.8 MW of wind energy to Google Inc's energy subsidiary; the companies' second such agreement that would help the Internet search giant power its data centers using renewable sources of energy. As part of it's carbon footprint reduction strategy,
Google has been buying renewable electricity that is on the same grid as one of its centers for which the power is being purchased.
In 2010, the company's energy unit, Google Energy, signed a 20-year wind power purchase agreement with NextEra.
Google Energy, which has a 114-MW deal with NextEra, will now purchase power from NextEra Energy Resources' Minco II Wind Energy Center in Oklahoma. The electricity from their prior deal will be used at Google's Council Bluffs, Iowa center.
NextEra expects the Minco project to be operational by the end of 2011.
Google has already partnered with units of Japan's Sumitomo Corp and Itochu Corp for a stake in General Electric Co's under-construction wind farm in Oregon for $500 million. (Source; Google Energy, April, 22, 2011) Contact: Steven Stengel, NextEra Energy, (888) 867-3050, email@example.com, www.nexteraenergy.com
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