Chevrolet announced recently the company is planning to invest USD 40 million in various clean energy projects across the United States. The company, catching a lot of buzz in the past months due to its Chevy Volt electric car, is pursuing an initiative to promote energy savings, renewable energy, and responsible use of natural resources.
Computer generated image of future Cerro de Hula wind farm in Honduras.
The Cerro de Hula wind farm project, to be developed in Honduras, has received USD 209 million in financing as a result of an agreement between the Central American Integration Bank (BCIE) and the Export-Import Bank of the United States. The financial loan has been approved for Energía Eólica de Honduras S.A. (EEHSA), which is the developer (a subsidiary of Mesoamérica Energy).
Detroit Edison (DE) has issued a request for proposal (RFP) seeking more renewable energy capacity to add to the company's portfolio. The RFP calls for about 245 MW of RE capacity in Michigan, from solar, wind, biomass, hydro or landfill gas facilities that would need to enter commercial operation by 2014. About 120 MW of the requested amount of capacity would have to be operational by 2012.
GE Energy Financial Services has joined North Bridge Venture Partners in B round investment in CoolPlanetBiofuels, with a USD 8 million investment into the start-up company. CoolPlanetBiofuels is developing a technology that allows easy, and mobile conversion of low-grade biomass material into high-grade fuel. The previous financing round for the company last year, was also lead by North Bridge Venture Partners.
Northland Power Income Fund announced the company has completed financing for its Mont Louis wind farm in the Gaspesie region of Quebec, Canada. The wind farm is to have 100 MW of installed capacity, featuring 67 GE 1.5 MW SLE turbines.
First Wind announced the start of construction on the extension project at the Milford wind farm in Utah. Milford Phase 2, or Milford II, will add another 102 MW of capacity to the existing 204 MW already installed in late 2009. The extension will provide clean power for about 22,000 average homes, and will feature 68 GE 1.5 MW wind turbines.
Solar Millenium announced the company has received permits for two solar power projects, each to have 250 MW of installed capacity, to be developed in the Amargosa Valley, in Nevada, US. The US Secretary of Interior, Ken Salazar, signed the right of way grant for the two projects, guaranteeing Solar Millenium the right to develop the projects. The permitting process is not complete, however, but the received grant was one of the necessary preconditions to proceed with further planning of the project.
Acciona Energia signed a License and Services Agreement with Acciona Wind Energy USA, which will expand its use of Versify's V-RENEW software applications and services to manage wind farm assets in the United States and Canada. The system features Versify's next-generation platform for data management, monitoring and reporting, aimed at wind farm developers.
Exelon is pursuing its Exelon 2020 strategy by investing USD 5 billion in cost-effective, clean energy projects, including energy-efficiency, smart grid, economic renewable energy, and output increase at the company's nuclear power plants.
Gemma Renewable Power, subsidiary of Gemma Power Systems (owned by Argan), has entered into an EPC contract worth USD 51 million with Bishop Wind Farm LLC (a subsidiary of Invenergy Wind).
