News

SunEdison Acquires A 50% Ownership Stake in Silver Ridge Power Joint Venture

Submitted by aburr on Wed, 2014-07-09 12:56

SunEdison completed its acquisition of a 50% ownership stake in Silver Ridge Power (SRP) from a subsidiary of AES for approximately $178.6 million in cash. Through its ownership in the SRP joint venture, SunEdison now owns a 50% interest in 36 MW of solar power plant operating projects, including the 266-MW Mt. Signal solar project in California, and a 40% interest in the Tenaska Imperial Solar Energy Center West 183-MW solar power facility to be completed in 2016.

EDF Renewable Energy's Spinning Spur II Wind Project Reaches Commercial Operation

Submitted by aburr on Wed, 2014-07-09 12:55

EDF Renewable Energy’s 61- MW Spinning Spur II Wind Project in Texas has reached commercial operation. Spinning Spur II commenced construction of 87 GE 1.85-MW, 87-meter rotor wind turbines 40 miles west of Amarillo in June 2013. The power is sold pursuant to an 11-year purchase agreement. The project is one of the first to feed into the new CREZ (Competitive Renewable Energy Zone) transmission infrastructure.

Haitian Energy Executives Analyze Applicability of Colombian Electricity Reform for Haiti

Submitted by aburr on Wed, 2014-07-09 12:55

Supported by the U.S. Agency for International Development (USAID), seven senior executives from the government of Haiti and Electricité d’Haïti participated in an executive exchange with their counterparts from Colombia’s energy sector to review best practices in electricity sector reform and governance. The exchange, conducted by the U.S.

First Solar Set to Build Largest PV Solar Power Plant in Latin America

Submitted by aburr on Tue, 2014-07-01 13:10

First Solar received board approval from the Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution, and IFC, a member of the World Bank Group, for financing to support construction of the 141-MW Luz del Norte solar power plant in Chile's Atacama Desert. The loans, which are expected to close later this summer, clear the way for First Solar to proceed with construction planning at the site, which is near the city of Copiapo. Terms of the deals were not disclosed.

Energy Department Invests Over $10 Million to Improve Grid Reliability and Resiliency

Submitted by aburr on Tue, 2014-07-01 13:09

The Energy Department announced more than $10 million for projects to improve the reliability and resiliency of the U.S. electric grid and facilitate quick and effective response to grid conditions. This investment which includes six projects across five states- California, Hawaii, Missouri, North Carolina and Washington - will help further the deployment of advanced software that works with synchrophasor technology to better detect quickly-changing grid conditions and improve grid reliability.

Tollgrade and DTE Energy Team Up for Three-Year Smart Grid Project

Submitted by aburr on Tue, 2014-07-01 13:09

Tollgrade Communications partnered with DTE Energy in a Clinton Global Initiative (CGI) commitment to action for a comprehensive grid modernization project in Detroit that will roll out over the next three years. DTE Energy is deploying Tollgrade's LightHouse MV smart grid sensors and predictive grid analytics platform at key substations and feeders within its distribution network.

Florida Power & Light Proposes Plan to Invest in Natural Gas

Submitted by aburr on Tue, 2014-07-01 13:08

Florida Power & Light Company (FPL) plans to invest in long-term natural gas supplies, which the company believes will save customers money and keep fuel costs lower. FPL is partnering with PetroQuest Energy, to develop up to 38 natural gas production wells in the Woodford Shale region in southeastern Oklahoma. PetroQuest will oversee and operate those wells. FPL will receive a portion of the natural gas produced from each well for its use.

Petra Solar Completes the Middle East’s Largest Smart Solar Project in Bahrain

Submitted by aburr on Tue, 2014-07-01 13:07

Petra Systems, along with its partner Caspian Renewable Energy, completed the installation of the largest Smart Solar power plant in the Middle East. The 5-MW project will be owned by BAPCO (Bahrain Petroleum Company), a wholly owned subsidiary of NOGA (National Oil and Gas Authority) and will deliver in excess of 8,000 MWh of renewable energy.

FERC Actions Support Expansion of Real-Time Market in the West

Submitted by aburr on Tue, 2014-06-24 13:19

The California Independent System Operator (ISO) and PacifiCorp announced that tariff amendments to expand the ISO's real-time energy scheduling market across multiple states in the West was approved by the Federal Energy Regulatory Commission (FERC). The new market, known as the energy imbalance market (EIM), is expected to increase resource efficiency, reduce costs and more effectively use renewable and conventional resources.