(February 2013) LA and Burbank enter 250 MW PPA with Sempra’s Copper Mountain Solar 3 project; ABB wins $225 million turnkey PV project contracts; NextEra acquires 165-...
the largest PV power plants in Brazil. The plant will be located in Alto do Rodrigues, Rio Grande do Norte. Once completed, SunEdison will manage the plant from its central operations center. The energy generated will be fed into Brazil’s National Interconnected System. The plant will have an installed capacity of 1.1 MW DC and will be built on land adjacent to Termoacu SA’s Jesus Soares Pereira power plant.
ReneSola agreed to provide Enerparc AG with 43.6 MW of solar modules, 35 MW of which will be delivered through original equipment manufacturers (OEM) in Poland and India. ReneSola and the OEMs were expected to deliver 43.6 MW of solar modules to Enerparc between June and June of this year.
Amerifreight awarded a new 129.5 kW solar system installation contract to Sunvalley Solar. The system will use 518 polycrystalline solar panels, 250 Watts each. Installation is expected to begin by the middle of 2013.
U.S. tidal power company ResHydro plans to establish operations in Glasgow, Scotland, facilitating its work with the University of Strathclyde to advance hydrokinetic energy technology. The partnership between ResHydro and Scotland is made possible with the support of a $152,000 award from Scottish Enterprise, the country’s economic development organization.
GDF SUEZ Energy Resources NA announced an agreement with Viridity Energy to provide demand response (DR) services. GDF SUEZ’s large energy users now will have access to Viridity’s load-management systems and tools. The companies are planning a pilot project with several large commercial and industrial (C&I) customers using standby generation, battery storage, and automated control and measurement technology.
ABB launched Emax 2, which the company says is the world’s first low-voltage circuit breaker with integrated energy management functions. Emax 2 breakers are intended for protection and control of large energy loads in low-voltage environments, such as C&I buildings, data centers, and ships. The energy management functions are designed to help prevent outages caused by peak demand exceeding supply. The breaker’s communication module allows it to share consumption and system reliability data with smart grid and other systems.
ITC Holdings shareholders approved the proposed acquisition of Entergy’s transmission business. The transaction is expected to close by the end of 2013, subject to regulatory approvals and closing conditions.
Atlantic Power closed on its previously announced sale of interests in three Florida projects—Auburndale, Lake Cogen, and Pasco Cogen—to Quantum Utility Generation, a Houston-based generation company owned by Quantum Energy Partners and Canada Pension Plan Investment Board. The total sale price was approximately $140 million, with net proceeds of $117 million after repayment of project-level debt at Auburndale and settlement of all outstanding natural gas swap agreements at Lake and Auburndale. The proceeds include $92 million received at closing and $25 million of cash distributions received since January 1. The company expects to use part of the proceeds to pay down its senior credit facility, totaling about $64 million.
NRG Energy agreed to acquire the Gregory cogeneration plant in Corpus Christi, Texas, from a consortium Atlantic Power , John Hancock Life Insurance , and Rockland Capital , for about $244 million. The