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...
to a 2009 community renewable resource solicitation, is consistent with recent Montana legislation that provides for the reintegration of the unbundled utility. The Spion Kop wind project is intended to be placed into the Montana utility’s rate base with both the energy and associated renewable energy credits used to meet future renewable portfolio standards obligations.
Sustainable Energy Capital Partners (SECP) , a California-based developer of renewable energy projects, created a joint venture with POSCO Power to develop and build a 300 MW photovoltaic solar power plant in Boulder City, Nev. SECP has invested in more than 400 MW of solar projects in the southwestern United States. For POSCO Power, the largest independent power producer in South Korea, it represents the first overseas renewable energy project developed without the involvement of parent company POSCO.
Exelon Nuclear awarded Doble Engineering a multi-year contract for transformer-related consulting services. Exelon, which operates the largest nuclear fleet in the United States and the third largest fleet in the world, is investing in the future of its nuclear energy facilities through a decade-long transformer replacement project. As part of this proactive replacement project, Exelon Nuclear commissioned Doble’s team of transformer experts to oversee its transformer design review and witness the manufacturing and testing of its transformers; this includes the continuous monitoring of the construction process. In addition to the work on these new transformers, Doble will continue to support Exelon Nuclear at its various stations, providing testing, root cause analysis, and other technical support.
PSEG Fossil , a subsidiary of the Public Service Enterprise Group (PSEG), selected ABB to supply its Hudson generating station in Jersey City, N.J., with a multi-phase controls project including: operator console upgrades, existing plant controls upgrades and new controls. The multi-phase award includes an upgrade to the Hudson Unit 2 control systems equipment to refurbish it for an additional 20 years of service. The existing distributed control system (DCS) is a mix of the Bailey Network 90 and INFI 90 systems and will be upgraded to be compatible with the new DCS equipment being installed as a part of the BET project.
ABB won orders worth approximately $580 million from Svenska Kraftnät of Sweden and LITGRID Turtas AB of Lithuania to supply a new power transmission link between the Nordic and Baltic regions. ABB will deliver a high-voltage direct current (HVDC) transmission system comprising two converter stations and cable to transmit 700 MW of electricity with minimum losses across a distance of more than 400 km. ABB will design, engineer, supply and commission two 700 MW converter stations using ABB’s HVDC Light technology, one in Nybro, Sweden, the other in Klaipeda, Lithuania. The order also includes the supply and installation of two 300 kV underwater cables, each 400 km long, and land cables of the same voltage in Sweden and Lithuania.
Silent Power sold $2 million of Series A preferred stock. England Securities served as exclusive financial advisor to Silent Power, which provides turn-key energy storage solutions, especially for integrating renewable energy and electric vehicle charging systems into utilities’ distribution systems