News

IKEA Makes First Wind Farm Investment in the United States

Submitted by aburr on Tue, 2014-04-15 16:40

IKEA made its first wind farm investment in the United States with the purchase of 98-MW Hoopeston Wind in Hoopeston, Illinois. The project is currently being constructed by Apex Clean Energy and is expected to be fully operational by the first half of 2015. The Hoopeston Wind project will install 49 Vestas V100-2.0 MW wind turbines near Hoopeston in Vermilion County, Illinois, approximately 110 miles south of Chicago.

Energen to Sell Its Natural Gas Utility to The Laclede Group

Submitted by aburr on Tue, 2014-04-15 16:39

Energen signed a definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corporation (Alagasco), to The Laclede Group. The value of the transaction is $1.6 billion, subject to customary closing adjustments, and is comprised of $1.28 billion in cash and approximately $320 million of debt. Energen's after-tax proceeds are estimated to be $1.1 billion, after consideration of accelerated intangible drilling costs.

CarCharging and City Park Add Additional EV Charging Infrastructure to Museum of Modern Art (MOMA) Garage in San Francisco

Submitted by aburr on Tue, 2014-04-15 16:37

Car Charging Group, through its partnership with City Park, has expanded the availability of EV charging services at the Museum of Modern Art (MOMA) Garage in San Francisco. CarCharging originally deployed EV charging services at the MOMA Garage in 2013 and over the past year, the demand for EV fueling has continued to expand. The charging stations have been consistently utilized, which demonstrates the need for additional public EV charging infrastructure.

National Energy Storage Association Leads Effort in ERCOT

Submitted by aburr on Tue, 2014-04-15 16:36

The Energy Storage Association (ESA) began engaging directly in the Electric Reliability Council of Texas (ERCOT) stakeholder driven market redesign process. The Texas Energy Storage Alliance (TESA) had convened a group of industry members to work collaboratively; that effort has now been folded into the larger national organization. ESA is the forum for broad industry input that will ensure proposed rules will enable the advancement of utility scale energy storage technologies.

CENG's Five Reactors Officially Join Exelon's Nuclear Fleet

Submitted by aburr on Tue, 2014-04-08 16:39

Three nuclear energy plants owned by Constellation Energy Nuclear Group (CENG) officially joined Exelon Generation's fleet of nuclear plants. The three CENG plants include five reactors capable of generating more than 4,200 MW at full power, they include: R.E. Ginna Nuclear Power Plant in Ontario, NY, a single 583-MW, Nine Mile Point Nuclear Station in Scriba, NY, 1,937 MW, Calvert Cliffs Nuclear Power Plant in Lusby, Md., 1,768 MW.

ABB Wins $40 Million Order to Provide Cable Link for Offshore Wind Farm

Submitted by aburr on Tue, 2014-04-08 16:37

ABB won an order worth around $40 million from Energinet.dk, the Danish transmission system operator, to build an AC power cable system that will help integrate and transmit power from the 400 MW Horns Rev 3 offshore wind farm. ABB´s project scope includes the technical design, engineering and production of the high-voltage cable system including accessories and installation. Energinet.dk is an independent public enterprise owned by the Danish state as represented by the Ministry of Climate, Energy and Building.

Federal Energy Regulatory Commission Approves Acquisition of UNS Energy by Fortis

Submitted by aburr on Tue, 2014-04-08 16:37

The Federal Energy Regulatory Commission (FERC) approved the acquisition of UNS Energy by Fortis, finding the transaction is consistent with the public interest. The ruling is the next step toward finalizing the transaction. UNS Energy shareholders approved the acquisition on March 26, 2014.

Dominion Acquires Six Solar Projects from Recurrent Energy

Submitted by aburr on Tue, 2014-04-08 16:34

Dominion acquired six solar development projects from Recurrent Energy located in California's Fresno, Kern and Kings counties. Long-term power purchase, interconnection, engineering, procurement and construction - and operation and maintenance agreements have been executed for each of the projects. Recurrent Energy will continue to support Dominion through the completion of these projects. Construction commenced in the first quarter of this year and all of the solar facilities are expected to reach commercial operation in late 2014 or early 2015.

Construction Completed on Germany’s Meerwind Süd Ost Offshore Wind Farm

Submitted by aburr on Tue, 2014-04-08 16:33

WindMW GmbH (WindMW), a joint-venture of Blackstone Energy Partners and Windland Energieerzeugungs GmbH, completed the sale of Meerwind Süd 'Ost, a 288-MW offshore wind farm located in the German North Sea. Construction of the wind farm began in 2012 and was completed on schedule within 18 months. Meerwind was the first German offshore wind project to be fully financed by private investors, was the largest German offshore wind farm to achieve a full financial closing, and was the first to close under Germany's KfW financing program.