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Monday, July 12, 2010 |
Atlantic Power purchases stake in Idaho Wind Partners project (M&A) Atlantic Power Corporation is purchasing a 27% ownership interest in Idaho Wind Partners 1, LLC for approximately $40 million. This is Atlantic's first investment in a wind project. Idaho Wind has commenced construction of a 183 MW wind power project comprised of 11 wind farms located near Twin Falls, Idaho, that is expected to be completed by the end of 2010. The power will be sold under 20-year power purchase agreements with Idaho Power Company. Earlier, GE Energy Financial also invested in the project. (Source: Market Watch, July 2, 2010)
Abound Solar wins $400 million DOE loan guarantee (G&C) Abound Solar, a manufacturer of low-cost, cadmium telluride, thin-film photovoltaic solar modules, is receiving a conditional commitment from the U.S. DOE, for a $400 million, seven-year loan guarantee to expand its solar module manufacturing capabilities. The company will use the funds to increase production of its thin-film photovoltaic modules at an existing manufacturing plant in Longmont, Colorado and to establish a second manufacturing plant at Tipton, Indiana in a new factory originally constructed for a Chrysler auto parts supplier.
Abound Solar expects to produce 840 MW of solar modules annually using proprietary manufacturing technology developed jointly by Colorado State University, the National Renewable Energy Laboratory and the National Science Foundation. (Source: Abound Solar, July 6, 2010)
Major Drilling Group acquires North Star (Geothermal) drilling company (M&A) Global metal and drilling contract services company, Major Drilling Group International Inc. has acquired a North Star Drilling for $3 million. Included in the deal is drilling equipment as well as the contracts of the Little Falls, Minnesota-based company which provides contract drilling services to the fresh water and geothermal markets in the Midwest. The Canadian-headquartered company's acquisition was carried out by its subsidiary, Major Drilling Environmental LLC. (Source: Winnipeg Free Press, July 6, 2010)
Hisco and Hosiden ink Solar marketing deal (G&C) In Houston, Texas, distributor of electronic and industrial materials, Hisco has signed a distribution agreement with Hosiden to support the North American solar market. This deal adds Hosiden's connectors and junction boxes for crystalline silicon and thin film modules to Hisco's solar product offerings. Hosiden's portfolio of products have received UL and TUV approval and can be customized to meet the design requirements of individual customers. (Source: PR Newswire, July 11, 2010)
Vestas to build Wind R&D center in Colorado (Ind. Report) In Colorado, Vestas Wind Systems plans to open an engineering R&D facility in Louisville to enhance the company's wind power production capabilities throughout North America. According to the company, the facility will enhance Vestas' ability to integrate product development by placing it close to the company's three existing factories - a blade factory in Windsor, a nacelles-assembly factory in Brighton and a tower factory in Pueblo. Vestas expects to hire up to 100 staff at the new facility. (Source: CBS Denver, July 7, 2010)
CanGEA's Third Annual Geothermal Energy Conference and Trade Show - August 8-10th, 2010 (Conf. & Events) The Canadian Geothermal Energy Association (CanGEA) is leading the charge to place Canada firmly on the world stage of geothermal power producing nations. The Third Annual CanGEA Geothermal Power Conference and Trade Show, to take place in Vancouver, BC August 8- 10 will draw hundreds of representatives from geothermal developers, industry service providers, utilities, and renewable supporters to explore the many opportunities emerging in the industry. Like the resource itself, interest for this clean, renewable energy is heating up and steaming to the surface.
CanGEA is pleased to announce that with the latest addition of Raser Technologies Inc. and US Geothermal Inc.; CanGEA now represents all the geothermal energy developers listed on the TSX and TSX-V. Together (with existing members Sierra Geothermal Power Corp., Ram Power, Corp., Nevada Geothermal Power Corp. and Magma Energy Corp.) CanGEA represents over $1.1 billion in market capitalization with member projects across four continents. The Association has seen support for geothermal energy at an all time high as membership has more than doubled in recent months to include Google Inc., Ernst & Young and SNC Lavalin Group Inc.
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