News

Panda Power Funds to Jointly Develop 1,000 MW Pennsylvania Power Project

Submitted by aburr on Sat, 2015-02-28 17:26

Panda Power Funds entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000-MW natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. The 30 acre Panda Hummel Station” power facility will occupy part of the 192 acre Keystone Opportunity Expansion Zone at the site of the recently retired Sunbury coal-fired power plant. The plant is expected to enter commercial operation in the second half of 2017.

Exelon Generation to Develop 195 MW of New Electric Capacity in Medway, MA

Submitted by aburr on Thu, 2015-02-12 13:38

Exelon Generation will add 195 MW of electric generation capacity to help meet future energy needs in New England. Two new generation units will be built as an expansion to Exelon's existing generating facility in Medway, MA. The units will operate primarily during times of peak energy demand. Both units will run mainly on natural gas, but will have the ability to run on ultra-low-sulfur distillate fuel oil as a backup, ensuring fuel diversity and reliability.

Ormat’s McGinness Hills Phase 2 Geothermal Power Plant Begins Commercial Operation

Submitted by aburr on Thu, 2015-02-12 13:37

Ormat Technologies’ second phase of its McGinness Hills geothermal power plant located in Lander County, Nevada has begun commercial operation. Since February 1, 2015, the complex sells electricity under the amended PPA with NV Energy through December 2032. The second phase broke ground on March 2014 following resource confirmation and excellent performance of the first phase of McGinness Hills, which had been operational since June 2012.

Two New PSE&G Landfill Solar Farms in Service

Submitted by aburr on Thu, 2015-02-12 13:36

PSE&G recently put two new landfill solar farms in service as part of the utility's Solar 4 All program. The 10.14-MW Parklands Solar Farm in Bordentown, NJ and the 11.18-MW Kinsley Solar Farm in Deptford, NJ were brought online in late-December 2014 and will supply enough grid-connected solar electricity to power about 3,500 average-size homes annually. These are the two largest centralized solar projects built to date by PSE&G, creating a portfolio of 26 solar farms and 174,000 pole-attached solar units that supply more than 101 MW of electricity.

Dominion Virginia Power Planning Major Expansion of Large-Scale Solar in Virginia

Submitted by aburr on Thu, 2015-02-12 13:36

Dominion Virginia Power will develop multiple large-scale solar projects totaling 400 MW of electricity. All projects will be built in Virginia with the involvement of Virginia-based companies and are expected to be operational by 2020. Together, these solar facilities are anticipated to be capable of generating enough electricity at peak capacity to power 100,000 homes.

Chesapeake Utilities Acquires Gatherco – A Midstream Service Provider

Submitted by aburr on Thu, 2015-02-12 13:35

Chesapeake Utilities and Gatherco, a natural gas infrastructure company providing natural gas midstream services, entered into a merger agreement, dated as of January 30, 2015 under which Chesapeake Utilities will acquire Gatherco. Upon consummation of the transaction, Gatherco will merge into Aspire Energy of Ohio (Aspire Energy), a wholly-owned subsidiary of Chesapeake Utilities. The transaction was approved by the Gatherco board of directors and by Chesapeake Utilities' merger and acquisition committee.

Canadian Solar Acquires Recurrent Energy from Sharp Corporation for $265 Million

Submitted by aburr on Thu, 2015-02-12 13:34

Canadian Solar entered into a definitive agreement with Sharp Corporation to acquire Recurrent Energy, for approximately $265 million. Once completed, the acquisition of Recurrent will increase Canadian Solar's total solar project pipeline by approximately 4.0 GW to 8.5 GW, and its late-stage project pipeline by approximately 1.0 GW to 2.4 GW. Total consideration for the acquisition of Recurrent is approximately $265 million in cash.

Lockheed Martin and Dominion Introduce New Grid Location Technology

Submitted by aburr on Thu, 2015-02-12 13:32

Lockheed Martin and Dominion Resources co-developed a new smart grid technology called VirtuGrid, which will enable remote detection of power outages for faster mapping and response. VirtuGrid enables data, including voltage, power, energy readings, GPS location, phase and circuit connectivity, to be sent from the remote location to the substation over the same path as the power. The technology facilitates control and timing of remote communications with multiple types of communication networks with very low bandwidth usage.

PG&E Proposes Major Build-Out of Electric Vehicle Charging Stations

Submitted by aburr on Thu, 2015-02-12 13:31

Pacific Gas and Electric (PG&E) asked state regulators for permission to build an estimated 25,000 EV chargers at sites across its service area in Northern and Central California. If approved, this program would be the largest deployment of EV charging stations in the country. The chargers would be located at commercial and public locations, including multi-family dwellings, retail centers, and workplaces. PG&E proposes to own all of the infrastructure, but contract with third parties to build, install and maintain the chargers and manage customer billing.