Cannon Power Group Closes $547 Mill Power Sales Transaction With So. California Public Power Authority
Del Mar-based Cannon Power Group announced today the closing of the sale of a 20-year block of renewable power to Southern California Public Power Authority (SCPPA) for $547 million. This is believed to be the largest transaction of its kind in the power industry. The power will be provided from Cannon Power Group's 262-megawatt (MW) Windy Flats wind project in Goldendale, Washington under a long-term power purchase agreement entered into last year by the parties. "This uniquely structured transaction is a true win-win for both parties," said Gary Hardke, president of Cannon Power Group. "It combined SCPPA's low-cost, tax exempt bond financing with the federal stimulus grant program to produce a very attractive long-term cost of renewable power." SCPPA reportedly closed its 20-year bond financing at the end of August at pricing of less than four percent, according to Bloomberg News. Cannon Power Group received total federal stimulus grants of $220 million in connection with the project. "This was really a remarkable and innovative transaction," said attorney Tom Trimble, partner and co-head of the Renewable Energy Practice at Washington D.C.-based Hunton & Williams, who represented Cannon Power Group in the transaction. "It allowed the parties to navigate the credit crisis and take advantage of the low interest rate environment." Cannon Power Group's Windy Flats project went on line earlier in 2010. It is part of the company's 500 MW Windy Point/Windy Flats project. The project, one of the largest wind projects in the United States, and representing an investment of over $1.2 billion, spans over 26 miles along the Columbia River. It is expected to be completed in 2011 and has provided over 350 new jobs to the local area. Cannon Power developed and constructed the project.
Direct Grid Technologies, LLC, announced that it has received CE as well as VDE0126-1-1 certification for the DGM-S460 Series Grid Tie Micro-Inverter.
nnon Power Group Closes $547 Mill Power Sales Transaction With So. California Public Power Authority
Cannon Power Group announced today the closing of the sale of a 20-year block of renewable power to Southern California Public Power Authority (SCPPA) for $547 million. This is believed to be the largest transaction of its kind in the power industry.
Jumbo Offshore completes installation of 131 Transition Pieces for Greater Gabbard Offshore WindFarm
DP2-vessel Jumbo Javelin completes installation project one month ahead of schedule transporting & installing 9 TP's per trip
DEK Solar, a leading solar cell manufacturing technology specialist, is preparing to launch its brand new photovoltaic metallization platform in the US at this year's Solar Power International exhibition. Showcasing new Eclipse technology from October 12th - 14th on Booth 853, the DEK Solar team will unveil a new, scalable PV production advantage to visitors in Los Angeles.
Toronto - September 10, 2010 -Wind and solar developers, manufacturers, suppliers and Ontario Feed-in Tariff administrators are looking forward to discussing the challenges and opportunities of building the province's wind and solar supply chains next month. All will be gathering on October 5-6 in Toronto for the Ontario Feed-in Tariff Supply Chain Forum which aims to answer the critical questions around supply chains challenges for wind and solar FIT projects including transmission expansion and Economic Connection Tests (ECTs).
The VWWB-2A series of ESD-safe Push Button Wand Kits is ideally suited for handling substrates such as individual photovoltaic cells during the manufacturing process.
Modified Ionomer Sheet Provides Superior Backsheet Adhesion and Lamination Cycle Time for Thin Film Photovoltaic Modules
Multi-million dollar lab unlike any other in the world
SMA America, the North American subsidiary of global solar technology leader SMA Solar Technology AG, will unveil new commercial and utility-scale solar inverters, as well as monitoring solutions and professional services at this year's Solar Power International.
We cordially invite you to be part of a trade mission and workshop dedicated to renewable energies in Tuscany, Italy, taking place Oct. 6th & 7th, 2010.
CENTROSOLAR America announces expanded US presence to serve its growing installer partner network in the northeast region with a new sales and distribution operations in Edison, New Jersey. The 10,000 sq. ft. facility will be the company's 2nd regional sales and warehouse distribution center adding to its offices in Scottsdale, AZ and Pleasanton, CA.
Over time, most solar cells degrade due to prolonged exposure to the sun's scathing rays and are rendered useless. But with a little inspiration from nature, researchers have now created a new solar material that regenerates its damaged energy-capturing packets on-demand. A small prototype solar cell built from the self-healing material can continuously produce electricity for an entire week without losing any efficiency, the scientists report. The team was inspired by plants in nature. The ingredients within a plant’s leaves that turn sunlight into energy aren't actually immune to the sun’s damage. Instead, the molecules do their job (pump out sugar), get destroyed, and in less than an hour they regenerate. This process happens over and over again – enabling the leaves to produce energy at the same efficiency as they did on day one of their operation. Read the full article by Michelle Bryner here.
PGE's largest renewable energy project complete Oregon's energy future spins at Biglow Canyon Wind Farm
Biglow Canyon represents PGE's largest renewable project, with a total installed capacity of 450 megawatts. Given the variability of wind power, the plant is expected to produce an average of around 150 MW - enough to power the homes of about 125,000 average PGE residential customers.
Dr Abdullah, the Union Minister of New and Renewable Energy of India demonstrated the commitment of the Ministry of New & Renewable Energy to the concentrated solar thermal power industry by opening the inaugural CSP TODAY INDIA event.
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