Engineering, procurement and construction (EPC) contracts are evolving as utilities seek to spread risks, contain costs, and execute their business strategies. As a result, turnkey contractors are...
project will sell its power output and renewable energy credits to Southern California Edison under 20-year fixed price agreements.
Fotowatio Renewable Ventures , an independent power producer, signed power purchase agreements for four PV projects with Southern California Edison (SCE) totaling 120 MW. FRV plans to finance, develop, construct, own and operate the facilities, with startup in 2013. The PPAs include one 60 MW and two 20 MW installations in Kern County, and one 20 MW installation in Los Angeles County. The projects will connect with existing transmission lines.
Hawaiian Electric Co. , subsidiary of Hawaiian Electric Industries, signed a contract for a local company, Aina Koa Pono , to provide sustainable, locally grown and processed biofuel for electric generation in Hawaii. With planned operations in the Ka’u region of Hawaii Island, the project will initially supply biofuel to Keahole power plant. The project complements Hawaiian Electric’s plans for adding significant amounts of renewable energy from other sources, including solar, wind, waste-to-energy, biomass, geothermal, ocean and others. Subject to approval by the Public Utilities Commission, with input from the consumer advocate, the contract would initiate an innovative plan to provide economic support to Hawaii Island customers while encouraging more renewable energy statewide.
Iberdrola Renewables sold the output of its 100 MW New Harvest wind power project, now being built in Iowa, to Commonwealth Edison (ComEd) and Ameren Illinois. Under 20-year contracts, Iberdrola will provide roughly equal amounts of output to both utilities, beginning June 1, 2012. Iberdrola Renewables will own the New Harvest project, which it’s building in Crawford County, Iowa, on farm land new Schleswig. New Harvest will use 50 Gamesa G87 wind turbines.
The Illinois Commerce Commission (ICC) approved long-term power purchase agreements between Invenergy and utilities ComEd and Ameren Illinois . Invenergy plans to build two facilities to deliver wind and solar power under the agreements. The new Bishop Hill II wind project in Henry County will provide power to Ameren Illinois, and a yet-to-be-named PV facility in Illinois will generate solar energy for ComEd. Invenergy’s existing Grand Ridge IV wind farm in LaSalle County will generate wind power for ComEd.
CPV Renewable Energy , an affiliate of Competitive Power Ventures, completed construction and testing of its 152 MW (MW) Keenan II wind farm in Oklahoma, and the project is now delivering energy into the electric grid. Located on approximately 8,000 acres 12 miles southwest of Woodward, Okla., the project is the second phase of a multi-phased wind generation project with a total build-out potential exceeding 350 MW. CPV developed and sold the 101 MW Keenan I wind farm to Oklahoma Gas & Electric (OG&E) in September 2008. The Keenan II project sells power under a 20-year power purchase agreement with OG&E. In addition to CPV, the wind farm is co-owned by GE Energy Financial Services and Tyr Keenan II, an indirect subsidiary of ITOCHU Corp.
NorthWestern Energy signed a memorandum of understanding to purchase a 25 MW wind project in central Montana to be developed by Compass Wind . The project, which was submitted to NorthWestern in response