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EDP Renovaveis finalizes project finance agreement for Margonin wind farm in Poland

October 4th, 2010 | Posted in Wind

EDP Renovaveis (EDPR) announced the execution of a project finance structure agreement with a consortium of banks for its 120 MW Margonin wind farm in Poland. The consortium is lead by the European Ivestment Bank and the European Bank for Reconstruction and Development.

The long-term debt facility for this projects reaches about EUR 135 million. The facility is contracted in local currency (Polish Zlotys), as part of EDPR's strategy for these kinds of financing deals. The Margolin wind farm was the first such project in Poland to have a long-term contract (15 years) for selling the green certificates generated.

[source: EDP Renovaveis]

Pakistan appoints Mott McDonald/Coyne et Bellier JV for 960 MW hydro extension project

October 1st, 2010 | Posted in Hydro

Tarbela Dam viewed from Earth's orbit.

The Pakistani Water and Power Development Authority (WAPDA) has appointed Mott McDonald and Coyne et Bellier (as a joint venture) to be the design engineer for the fourth extension project at the Tarbela Dam, about 100 km northwest of Islamabad, the capital of Pakistan. The new extension will add 960 MW of power generating capacity to the facility.

Tarbela Dam, built in 1974, is a multi-purpose facility. It is used to control the water coming from River Indus, and store it for irrigation purposes, and flood control, as well as for power generation. With the rising demand for electricity in the country, there is a need to add more capacity to the country's power generating portfolio.

GE to collaborate with Indonesia on renewable energy and energy efficiency

October 1st, 2010 | Posted in General

GE and Indonesia's Agency for the Assessment and Application of Technology (BPPT) have signed an MoU for joint development of renewable energy, clean coal and energy efficiency projects. A significant part of this collaboration will be the study on key issues for commercialization of renewable energy in Indonesia, such as wind, solar, geothermal (although there had been plenty of developments in this area), biomass and biogas. Additionally, clean coal technologies will also be a topic of collaboration.

Enbridge and First Solar complete Sarnia expansion – add 60 MW of capacity

October 1st, 2010 | Posted in Solar

First Solar and Enbridge announced the completion of a 60 MW extension on the existing Sarnia solar park, originally having 20 MW of installed capacity, located in Sarnia, Ontario, Canada. The solar park, now with 80 MW of capacity, is now among the largest facilities PV power generating facilities in the world.

The upgraded solar park will be (re)opened at a ceremony to be held on October 4, 2010. The event will be attended by First Solar and Enbridge representatives, as well as the Energy Minister of Ontario.

959 MW of solar capacity approved by California Energy Commission

October 1st, 2010 | Posted in Solar

The California Energy Commission has given approval for a total of 959 MW of solar PV capacity for development in California. The capacity is to be developed through two large scale solar projects – the Genesis Solar Energy Project (250 MW) and the Imperial Valley Solar Project (709 MW).

Arizona Public Service planning 18 MW PV solar park in Arizona

September 30th, 2010 | Posted in Solar

Artistic impression of the new solar park in Arizona.

Arizona Public Service (APS) announced a plan to develop an 18 MW PV solar park, about 70 miles southwest of Phoenix, Arizona, in Gila Bend. The solar park will be owned by APS. The permitting process for this location will take only about three months, as opposed to the usual one to two years. This is due to the fact that the park will be located within the Solar Overlay Zone in Arizona. Construction of the project could begin in early 2011, with completion in November 2011.

A-Power signs contract with Baishan Long Run Water Conserancy Development for water projects

September 30th, 2010 | Posted in Hydro

A-Power Energy Generation Systems has entered into an agreement with Baishan Long Run Water Conserancy Development (China) for a three-phase EPC contract, involving work on a 12.8 MW water control project, a 64 MW hydropower plant in Baishan, and two 16 MW small hydropower plants on the Baijianghe River, also in Baishan.

Refill Energy gets boost from Petersen, Combustion Resources and Morris Electric

September 30th, 2010 | Posted in Biomass

Refill Energy announced strategic alliance agreements with Petersen Inc., Combustion Resources Inc., and Morris Electric LLC. The new agreement will open some very large doors for Refill Energy, giving the company an opportunity to indirectly connect with such industry giants as Boeing, Bechtel and Chevron.

NextEra completes subsidiary financing for 249 MW of wind developments in US

September 30th, 2010 | Posted in Wind

NextEra announced its subsidiary Wild Prairie Wind has secured about USD 297 million for financing 249 MW of wind energy developments in Iowa and North Dakota, US. The loan has a variable interest rate and matures in September 2028. NextEra will use the proceeds of the loan for reimbursement of capital contributions made by the company for the development and construction of wind energy assets and transmission lines.

[source: NextEra Energy Resources]

Geothermal developments coming to Inner Mongolia

September 30th, 2010 | Posted in Geothermal

Signing-Ceremony-in-Beijing-with-A-Er-Shan

Mr. Alexander Gudmundsson, Chairman of Enex China signed the agreement, with the representatives from the A Er Shan Municipality. Present at the signing ceremony were Mr. Ólafur Ragnar Grímsson, President of Iceland and Iceland‘s Ambassador to China, Mrs. Kristín Árnadóttir. Dr. Zhan Qi, President of Sinopec Star and Benedikt Hoskuldsson, Head of Energy Affairs, from the Ministry for Foreign Affairs of Iceland.

A geothermal development cooperation agreement has been signed between Icelandic-Chinese partners, Enex China (owned by Geysir Energy – 80.5%, and Reykjavik Energy – 19.5%) and Sinopec Star Petroleum, which will assist the province of Inner Mongolia (northest China), to perform a geothermal survey in the A Er Shan region of the province. The survey will be used to assess opportunities for using geothermal energy for heating and power generation.

The signing ceremony was held at Iceland Ambassador's Beijing residence.

[source: Geysir Energy]