SunEdison agreed to sell 333 MW of wind-power assets to Terra Nova Renewable Partners for $209 million. The two acquired projects are the 185-MW Bingham wind farm and 148-MW Oakfield wind farm, both located in Maine. Construction on Oakfield Wind was completed fall 2015 and it is now online and operating as the largest wind project in New England.
Southern Power’s first wind project, the 299-MW Kay Wind facility in Kay County, Oklahoma, is fully operational. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under 20-year PPAs with Westar Energy and Grand River Dam Authority (GRDA). Westar Energy has contracted for approximately 199 MW, and GRDA has contracted for approximately 100 MW. Both companies will have the option to either keep or sell the RECs.
Gamesa received an order from developers Mexico Power Group and First Reserve for the turnkey construction of La Bufa, a 130-MW wind farm in Mexico. The company will install 65 of its G114-2.0 MW turbines. Gamesa will handle the infrastructure needed to install and operate the project. The turbines are slated for delivery in 2016, with commissioning to be completed the same year. The agreement also encompasses the provision of the related operation and maintenance services over the long term.
Duke Energy developed a proposal for two solar projects in North Carolina that will increase solar capacity in the state. Pending approval from the North Carolina Utilities Commission (NCUC), the company will build two projects that will total more than 75 MW. The 60-MW Monroe Solar Facility will be designed and built by Strata Solar. Crowder Construction will serve as the project EPC lead for the 15.4-MW Mocksville Solar Facility.
The New York Independent System Operator (NYISO) and ISO New England implemented a new interregional market system that will streamline electric energy transactions and improve the flow of power between the two markets. Introduced on December 15, Coordinated Transaction Scheduling (CTS) makes more efficient use of the transmission lines by enabling market participants to access the lowest-cost source of power between the two regions.
Invenergy Wind sold 832 MW of wind power plants to TerraForm Power. A final closing for an additional 98 MW of projects is scheduled to be completed in early 2016. The total enterprise value of the transaction is more than $2 billion. The closing encompasses four power plants, representing 754 MW in the United States and one 78 MW project in Canada.
Westinghouse Electric Company with subsidiary WesDyne Sweden AB was selected by OKG AB to develop and qualify techniques and equipment to inspect the core shroud support at OKG AB's Oskarshamn unit 3 Nuclear Power Plant (NPP) in Sweden. The contract scope includes developing and qualifying ultrasonic and eddy current techniques for 70 millimeter thick Inconel 182 welds, as well as two new manipulators to inspect approximately 35 meters in five different weld segments.
Minnesota Power completed an emissions reduction project at the Boswell Energy Center to reduce mercury emissions by 90 percent and to meet all state and federal regulations for sulfur dioxide emissions and particulates. Unit 4, capable of producing 585 MW, is Minnesota Power's largest coal-fired generating unit. Total cost of the Boswell project is about $260 million.
Dominion closed on the first phase of its previously announced sale of a 33 percent ownership interest in 425 MW of solar generating capacity to SunEdison. Dominion received approximately $180 million for the first phase, which includes an ownership interest in 253 MW of solar generating capacity at 15 sites in five states. The second phase is expected to close by early 2016 for approximately $120 million, subject to working capital and certain other adjustments.
GE was awarded an EPC contract valued at nearly $1 billion for gas turbine services for the Waad Al Shamal combined cycle power plant of Saudi Electricity Company (SEC). Scheduled for completion in 48 months, the plant will support the phosphate mining operations in the locality. GE will deliver the turnkey power plant, supplying four advanced GE 7F.05 heavy-duty gas turbines and a GE steam turbine. The 1,390-MW combined cycle plant will be able to provide the equivalent power needed to supply more than 500,000 Saudi homes.