News

NRC Approves Safety Report for Westinghouse Small Modular Nuclear Reactor

Submitted by aburr on Wed, 2015-03-25 14:23

The U.S. Nuclear Regulatory Commission (NRC) approved Westinghouse Electric’s testing approach for the Westinghouse small modular reactor (SMR) design. The NRC told Westinghouse that it has granted a safety evaluation report (SER) for the licensing topical report that the company submitted in April 2012 for agency review and approval. The Westinghouse SMR is a 225-MW integral pressurized water reactor with all primary components located inside of the reactor vessel.

Dominion Virginia Power to Install Virginia's Largest Solar Installation at Philip Morris USA

Submitted by aburr on Wed, 2015-03-25 14:22

Philip Morris USA (PM USA) is the latest company to partner with Dominion Virginia Power under the Solar Partnership Program by hosting what will become the largest solar installation in Virginia to date. Dominion is currently installing about 8,000 ground-mounted solar panels at the PM USA Park 500 facility in Chesterfield County. When completed, the 2,450-kW solar array will generate enough electricity under optimum conditions to power 500 homes. The energy generated by the solar panels is delivered to the power grid.

RET Capital Secures Over $200 Million in Financing for Four Solar Projects

Submitted by aburr on Wed, 2015-03-25 14:21

Renewable Energy Trust Capital (RET Capital) closed on over $200 million in financing for four solar projects in the U.S. and Canada. The independent renewable finance platform closed a CAD $115 million non-recourse debt to support the acquisition of two solar facilities in Ontario, Canada.

SunEdison to Build 150 MW of Solar Power in Georgetown, Texas

Submitted by aburr on Wed, 2015-03-25 14:20

SunEdison will construct new solar plants in West Texas to supply the City of Georgetown with 150 MW of solar power for 25 years. The SunEdison solar plants will be interconnected in 2016, and will provide over 9,500 GW-hours of energy through 2041. Upon completion, SunEdison expects to offer this project for investment to TerraForm Power.

FuelCell Energy Completes Sale of University Micro-grid Project to NRG Yield

Submitted by aburr on Tue, 2015-03-17 13:29

FuelCell Energy reported the closing of its definitive agreement to sell a 1.4-MW fuel cell power plant project at the University of Bridgeport to NRG Energy. Concurrent with the closing, a subsidiary of NRG, NRG Yield, acquired the project; the first-ever fuel cell project placed into any yieldco. The University of Bridgeport will buy the electricity and heat produced by the fuel cell power plant under a multi-year PPA.

FPL Plans to Acquire and Phase Out Coal-Fired Power Plant

Submitted by aburr on Tue, 2015-03-17 13:28

Florida Power & Light (FPL) filed a petition with the Florida Public Service Commission (PSC) to request approval to acquire a power plant that it has had under a long-term contract to purchase power since 1988. Upon taking ownership of the Cedar Bay Generating Plant, a 250-MW coal-fired facility located in Jacksonville, Fla., FPL plans to immediately terminate the contract and reduce the plant's operations by 90 percent, with the intention of eventually phasing the plant out of service.

FirstEnergy to Invest $353M in 2015 Infrastructure Upgrades

Submitted by aburr on Tue, 2015-03-17 13:27

FirstEnergy expects to invest about $225 million in 2015 on distribution and transmission infrastructure projects in Mon Power's 34-county service area, primarily in north-central West Virginia. Major projects scheduled for 2015 include transmission enhancements to reinforce the system and support economic growth, constructing new distribution lines, and inspecting and replacing utility poles and other equipment.

B&W Vølund Awarded Contracts for More Than $220 Million to Design, Manufacture and Operate U.K. Biomass Power Plant

Submitted by aburr on Tue, 2015-03-17 13:25

Babcock & Wilcox’s (B&W) Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, was awarded contracts totaling more than $220 million to design, manufacture and operate a biomass power plant in Rotherham, South Yorkshire, England. B&W Vølund's consortium partner, Interserve Strategic Projects, will construct the plant for the developer, Copenhagen Infrastructure Partners.