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Basin Electric Announces Wind PPAs (Ind. Report)
Basin Electric Power
Bismarck, North Dakota-based generation and transmission cooperative Basin Electric Power Cooperative reports that it will add 300 MW of renewable energy to its generation portfolio through PPAs.
Basin will purchase the total output of two wind projects under development by private companies in western North Dakota.
One of the agreements is with NextEra Energy Resources which is developing the 87-turbine Dickinson Wind Energy Center which is expected to be operational by late 2015.
Basin Electric has also contracted with Lenexa, Kan.-based Tradewind Energy for the total output from 75 turbines planned for construction as part of the planned Lindahl Wind Project which is slated for commissioning by the end of 2016.
The two PPAs, and others previously announced, place Basin Electric Power on track to have 1,400 MW of renewable capacity on line by late 2016.
Basin supplies electric power to 137 member electric systems in nine states.
(Source: Basin Electric Power, ECT.coop, 6 Jan., 2015) ontact: Basin Electric Power, Paul Sukut, CEO, (701) 223-0441, www.basinelectric.com
Tags Basin Electric Power news, Wind news,
NextEra Takes $4.3Bn Stake in HEI (Ind. Report, M&A)
NextEra Energy,Hawaiian Electric Industries
NextEra Energy Inc. and Hawaiian Electric Industries Inc. (HEI) report that the two companies have agreed to a merger valued at approximately $4.3 billion. The transaction includes NextEra's assumption of $1.7 billion in HEI debt but excludes HEI's banking subsidiary.
If approved by the Hawaii PUC the transaction will bring the Hawaiian Electric Companies -- Hawaiian Electric, Maui Electric and Hawaii Electric Light -- under NextEra's aegis.
According to NextEra Energy, it shares Hawaiian Electric's goals of increasing renewable energy, modernizing its grid, and integrating more rooftop solar energy. Hawaiian Electric has filed plans with the PUC that could triple the amount of distributed solar in its service area, while achieving among the nation's highest levels of renewable energy by 2030.
NextEra Energy's principal subsidiaries include Florida Power & Light Company (FPL) and NextEra Energy Resources LLC, which together with its affiliated entities -- NextEra Energy Resources -- is one of North America's largest wind and solar energy producers. The company presently has several utility-scale and distributed solar, wind and battery storage projects deployed and under development.
(Source: NextEra Energy, 4 Dec., 2014)
Contact: Hawaiian Electric Industries , (808) 543-5662, http://www.hei.com: NextEra Energy, Jim Robo, CEO, http://www.nexteraenergy.com
Tags Solar news, NextEra Energy news, Rooftop Solar news,
NextEra Energy Partners Snares 270 MW of Renewable Energy (M&A)
NextEra Energy Partners LP (NEP), a renewables spin-off of NextEra Energy Inc., has inked aquistion agreements for the approximately 250 MW Palo Duro wind farm in Hansford and Ochiltree counties, Texas, and the 20 MW Shafter solar project in Kern County, California. Both projects are about to begin or are presently under construction.
When completed, the acquisitions will expand NEP's portfolio to approximately 1,260 MW of contracted clean energy projects.The acquisitions, which will cost approximately $290 million in total, are expected to be completed in Q1, 2015.
(Source: NextEra Energy, NAW, Others, 31 Oct., 2014)
Contact: NextEra Energy, http://www.nexteraenergy.com
Tags NextEra Energy news, Wind news, Solar news,
Nebraska's Cottonwood Wind Farm Gets the Nod (Reg & Leg)
NextEra Energy Resources,
The Nebraska Power Review Board has conditionally approved the $140 million Cottonwood Wind wind farm project near Blue Hill in south-central Nebraska.
The Project, which is being financed by Florida-headquartered NextEra Energy Resources, would host 52 turbines and generate 89.5 MW of power.
The approval is conditional upon Cottonwood executing a PPA.
(Source: Nebraska Power Review Board, World Herald, 13 Sept., 2014) Contact: Nebraska Power Review Board, (402) 471-2301, www.powerreviewboard.nebraska.gov
; NextEra Energy Resources, (416) 364-9714 -Canadian Office, http://www.nexteraenergyresources.com
Tags NextEra Energy Resources news
, WInd news
Silver State Solar Project Construction Underway (Ind. Report)
First Solar,NextEra Energy Resources,Southern California Edison
Construction is underway on the Silver State South solar project approximately 50 miles south of Las Vegas. Upon completion, the 2,500 acre solar installation will generate 250 megawatts of electricity, enough to supply up to 80,000 homes.
Arizona-based First Solar Inc. and Florida-based NextEra Energy Resources are the developers and
Southern California Edison will purchase Silver State South's power under the terms of PPA.
(Source: Las Vegas Review-Journal, Others, 3 Sept., 2014) Contact: First Solar, Christopher Houghton, Senior Manager of US Business Development, www.firstsolar.com; NextEra Energy, http://www.nexteraenergy.com; Southern California Edison, Stuart R. Hemphill, Sr. VP, Power Supply and Operational Services., www.sce.com
Tags First Solar news, NextEra Energy Resources news, Southern California Edison news,
NextEra Dedicates Steele Flats Neb. Wind Project (Ind. Report)
NextEra Energy Inc. subsidiary NextEra Energy Resources LLC is reporting the official dedication of its 74.8MW Steele Flats Wind Energy Center in Jefferson and Gage counties, Nebraska.
The $138 million facility will sell the majority of its power production to the Nebraska Public Power District (NPPD) under the the terms of a long-term PPA.
The Steele Flats facility features 44 GE 1.7 MW turbines and entered service in November 2013, two months ahead of schedule. (Source: NextEra, NPPD,ReNew Grid, Others, 20 June, 2014)Contact: Nebraska Public Power District, David Rich, Sustainable Energy Manager, www.nppd.com; NextEra Energy, http://www.nexteraenergy.com
Tags NextEra Energy news, Wind news, NPPD news,
DTE Energy Snares Pheasant Run Wind Park (M&A)
DTE Energy,NextEra Energy Resources
Detroit-based DTE Energy has exercised its option to purchase one of the two Pheasant Run wind parks from a subsidiary of NextEra Energy Resources LLC.
The 75-MW Pheasant Run II wind park in Huron County will be renamed the Brookfield Wind Park .
A NextEra Energy Resources subsidiary will continue to own and operate Pheasant Run I, the energy from which will continue to be purchased by DTE Energy. Each 75-MW wind park features 44 1.7-MW GE wind turbines generating 150 MW, sufficient to power about 70,000 homes.
The Brookfield Wind Park acquisition is part of DTE Energy's efforts to expand its renewable energy resources and meet the state's renewable energy goals. DTE Energy will have almost 1,000 MW of renewable energy assets, equivalent to 10 percent of its power sales by 2015. (Source: DTE, PR, 2 June, 2014) Contact: DTE Energy, Irene Dimitry, VP Marketing and Renewables, www2.dteenergy.com;
NextEra Energy Resources, (561) 691-7171, http://www.nexteraenergyresources.com
Tags DTE Energy news, Wind (M&A) news, Wind news, NextEra Energy Resources news,
NextEra Exits Blue Grass State Wind Project (Ind. Report)
NextEra Energy Resources,Duke Energy Renewables
NextEra Energy Resources has advised Mason County, Kentucky officials of its decision to follow Duke Energy Renewables lead and withdraw from a proposed wind turbine project slated for Mason and Fleming counties near the community of May's Lick. NextEra cited legislative issues for its withdrawal from the controversial project.
Duke Energy Renewables reportedly opted for
other possibilities after finding that the wind project offered only a "marginal" likelihood of success.
(Source: NextEra, Ledger-Independent, Others, 25 May, 2014) Contact: NextEra Energy Resources, www.NextEraEnergyResources.com; Duke Energy Renewables, www.duke-energy.com
Tags Wind news, NextEra Energy Resources news, Duke Energy Renewables news,
PG&E, NextEra Commission Genesis Solar Energy Center (Ind. Report)
NextEra Energy Resources, LLC , a subsidiary of NextEra Energy on Monday announced the official dedication of the company's Genesis Solar Energy Center, located in Riverside County, Calif.
The Genesis facility has a generating capacity of 250 MW of solar power, enough electricity to meet the energy needs of 88,000 California homes.
Genesis Solar Energy Center is selling its power to Pacific Gas & Electric Company under a long-term power purchase agreement.
The Genesis Solar Energy Center is located on approximately 1,950 acres of land managed by the U.S. Bureau of Land Management in Riverside County . The solar facility, which is comprised of two identical 125-MW generating units, entered service in November 2013 and March 2014 , respectively. The project, which began construction in 2007, is owned and operated by an affiliate of NextEra Energy Resources . (Source: NextEra Energy Resources, ENP, 28 April, 2014)
Contact: NextEra Energy Resources, www.NextEraEnergyResources.com
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
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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
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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
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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
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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
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