Offshore wind power to contribute to Europe’s economic recovery

The European Commission recognised offshore wind energy as a key technology in Europe’s attempt to stimulate the Union’s economies. The European Wind Energy Association (EWEA) considers that the €500mn in “smart investment” to specific offshore projects that the EC has earmarked is money well spent. All projects are in an advanced stage of... 

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Grundfos Pumps and SunPower Dedicate 1.1 Megawatt Solar Power System

Grundfos Pumps Corporation and SunPower Corporation dedicated a 1.1 megawatt solar power system at the Grundfos facility in Fresno. The system features a ground-mounted, high-efficiency SunPower sun tracking system on a 7.5-acre site. It is expected to reduce carbon dioxide emissions generated at the site by almost 2.4 million pounds annually, which... 

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Evolution Solar Selected as Partner to Pursue 5mw Solar Project

Evolution Solar Corp. was selected by Atlantic Energy Solutions Inc. of Saratoga Springs, New York, to serve as a partner to pursue the development of a 5 megawatt Solar Plant in southern Florida. The $400,000,000.00 plant will be funded by a private Florida developer and will be built, operated, and maintained by the partnership. “We are past... 

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Castle & Cooke and SunPower Dedicate Hawai’i’s Largest Solar Power System

Castle & Cooke Hawai’i and SunPower Corporation, a manufacturer of high-efficiency solar cells, solar panels and solar systems, are dedicating today the 1.2-megawatt La Ola Solar Farm on Lana’i in Hawai’i. La Ola, which is translated from Hawaiian as “sun that gives life,” is located on a 10-acre site in south Lana’i... 

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WorldWater & Solar Technologies Completes Solar Installation at Valley Center Municipal Water District

WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-horsepower solar systems, announced that it has completed installation of a 1.1 MW solar power system for the Valley Center Municipal Water District (VCMWD) of Valley Center, California. The system, which was financed and will be owned, operated, and maintained by... 

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Atlantic Energy Solutions Closes on $10 Million Transaction With Trafalgar Capital

Atlantic Energy Solutions, Inc. announce that that they have closed on their transaction with Trafalgar Capital Specialized Investment Fund, a Luxembourg-based company that specializes in working with small cap companies in helping them achieve their growth objectives. Trafalgar has committed up to $10,000,000 over a two-year period with the initial... 

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The Brattle Group Projects $1.5 to $2.0 Trillion Investment Needed in the U.S. Electric Utility Industry by 2030

The U.S. utility industry will have to invest between $1.5 and $2.0 trillion between 2010 and 2030 to maintain current levels of reliable energy service for customers throughout the country, according to a new report issued today by The Brattle Group. The findings are detailed in “Transforming America’s Power Industry: The Investment Challenge... 

South Africa’s Minister of Minerals and Energy Welcomes Denham Capital Investment in BioTherm Energy to Develop Power Generation Business

Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa... 

Axion Power Signs $6.4 Million Manufacturing Contract

Axion Power International, Inc., a leading developer of battery technologies and advanced energy storage devices, announced today that it has received a purchase order for 92,250 flooded lead-acid batteries that it will produce over the next 11 months under a toll-manufacturing contract with a major North American battery manufacturer. The purchase... 

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USA Biomass to Chair Platts’ National Biomass Power Forum

USA Biomass Chairman Robert Cleaves will chair Platts’ highly anticipated national Biomass Power Forum November 6-7 in Florida, which features biopower experts from throughout the country — including Cleaves — who will explore biomass economics, key biomass finance structures, the role biomass plays in meeting RPS, and opportunities...