Calpine completed the acquisition of Fore River Energy Center, a natural gas-fired, combined-cycle power plant located in North Weymouth, Massachusetts. Calpine purchased the 809-MW plant from Exelon for $530 million plus adjustments, or approximately $655 per kW. Built in 2003, the Fore River Energy Center features two combustion turbines, two heat recovery steam generators and one steam turbine.
NET Power secured funding and agreements for its $140 million, 50-MW demonstration power plant, that produces no greenhouse gas emissions and includes full carbon capture without requiring carbon capture equipment. The project is funded by a combination of cash and in-kind contributions from Exelon and CB&I. Toshiba has begun manufacturing a CO2 turbine for the project. Operations, maintenance and development arrangements have been completed with Exelon.
Pioneer Green Energy acquires Logan Gap wind project, agreement reached for Exelon to purchase Integrys Energy Group, AES agrees to purchase equity interest in SYND Holdco Ltd., Canadian Solar Solutions sells solar power plant Goo Light.
The industry’s transformation has begun. Should the F40 transform too?
Duke Energy Progress agreed to purchase $1.2 billion of certain generating assets from North Carolina Eastern Municipal Power Agency; Acquisitions by PSEG Solar Source and SunEdison; Exelon will provide equity financing for 21 MW of Bloom Energy fuel cell projects; Debt issues from Calpine and NRG Yield Operating.
Calpine plans to purchase a nominal 809-MW, combined-cycle power plant and related plant inventory from Exelon for $530 million, subject to working capital adjustments. The natural gas-fired plant is located in North Weymouth, Massachusetts, 12 miles southeast of Boston. Built in 2003, Fore River Generating Station features two Mitsubishi 501G combustion turbines, two heat recovery steam generators and one Mitsubishi steam turbine. Calpine expects the transaction to close in the fourth quarter of 2014 and intends to fund the transaction with cash on hand.
Exelon agreed to buy fuel-cell power plants with 21 MW of capacity that Bloom Energy plans to install at 75 corporate sites in four states. Commercial customers including AT&T will purchase the electricity for each plant’s ability to provide power locally with less pollution and more reliability than the grid. Fuel cell generators produce electricity where it’s consumed from natural gas through a chemical reaction that produces fewer carbon emissions than plants that burn fuel.