An agreement to secure $90 million of institutional equity financing was signed by EDP Renovaveis through its subsidiary unit, Horizon Wind Energy LLC. This financing is provided by JPM Capital Corporation in exchange for a partial interest in EDP Renovaveis’ 101 megawatt Lost Lakes Wind Farm that was installed at Dickinson County, Iowa in December 2009.
Puget Sound Energy has seen a rapid growth of its customers connecting their small business or home solar system to the utility in 2009, making it as the fastest-growing year for renewably energy. With the addition of nearly 200 solar systems installed by its customers, the total number of grid-connected systems has increased to 516 making it the largest producer of renewable energy from customer’s solar arrays in Washington. In the year 2007, the total number of customers connected to the PSE grid was only 100. The total generating capacity from the customer’s solar systems has increased to 2 MW.
Ground Power Systems offers sales and designing services of geothermal systems for the residential sector. The residential geothermal system pays back the investment cost in a short period of 1 to 7 years, which is faster than conventional systems. The geothermal system is multi functional for it can be used for hot water as well as for space heating and cooling. It provides cooling in summer and heating in winter, with year around supply of hot water.
Green Rock Energy has established a number of geothermal energy projects in South Australia such as the Upper Spencer Gulf, the Olympic Dam, the Patchawarra and the Great Artesian Basin. The Upper Spencer Gulf geothermal power project is undertakes applications such as the generation of electricity as well as desalination of water.
The power plant at Reykjanesvirkjun, constructed by HS Orka HF, began its operations in May 2006 after a number of tests as well as a test run. The control room, which is responsible for the entire process at Reykjanesvirkjun, is located at a distance in Svartsengi. The Reykjanesvirkjun power plant is one of its kind, as it is the first in Iceland to be equipped with two 50 MW twin steam turbines.
The declaration of additional tax credits worth $5 billion by the Obama Administration for the manufacturing renewable energy products locally has won praises from United Steelworkers (USW), the largest industrial union in the US.
Nevada Geothermal Power made an announcement on the increased production in the company’s flagship Faulkner 1 power plant and the positive interim results obtained from the company’s drilling program. The currently operating drilling program has been designed to enhance the plant output.
The Hunter Project of Mass Megawatts Wind Power has been considerably completed and testing of the new wind augmenter and wind diverter has commenced. This project will be operational after the completion of the initial testing of the new technologies and testing of the furling system. The wind velocity is increased to more than 50% by the wind augmenter resulting in a 3-fold increase in the production of energy. This increase is highlighted in the initial test results. The wind diverter also brings about an additional increase of 100% more power output from the blades.
Ram Power, Corp., a renewable energy company based in Reno, has received a Geothermal Conditional Use Permit from the Imperial County Planning Commission for the 49.9 MW Orita I Project that is located in Imperial Valley, California. The company received this permit through its wholly owned subsidiary, Ram Power, Inc. Through this permit, Ram Power will be allowed to drill up to six exploratory wells to ascertain the potential for geothermal resources in the area. Ram Power will begin to drill several large diameter wells by the end of 2010 first quarter, which may be utilized for commercial production or injection.
Magnum Energy provides a range of inverters including the MS-E series inverters/charge controller. The MS-E series inverter is a 230V AC/50Hz pure sine wave inverter designed for off-grid and mobile applications. This inverter incorporates a power factor corrected charger to utilize 25 to 30% less AC current compared to the standard chargers.
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