State level initiatives are expected to speed up the development of solar energy market in India, pushing the country as a leading solar energy player, says RNCOS.
According to our new research report titled "Indian Solar Energy Market Outlook 2012", Indian solar industry is expected to see robust growth in coming years on the back of various efforts by the state governments and rising concern for climate change.
As per our research report, many states in the country are working on various solar energy projects. Recently, Gujarat government has approved 34 solar power projects at an investment of around US$ 2.4 Billion over the next few years to become the No. 1 Indian state for this clean energy. These projects are estimated to generate 716 MW of electricity, which is equivalent to around 3% of state’s electricity demand. This will save 875,000 Tonnes of coal on an annual basis, cutting down 1.25 Million Tonnes of carbon dioxide emission. The Tamil Nadu government has also asked the central government for assistance in setting up a 100 MW solar thermal plant. These state level initiatives will definitely make India a leading solar energy player in coming years.
Further, as per the report, many developed countries are expected to impose trade-related penalties on developing countries like India and China who have failed to meet the international environmental standards. To maintain these standards, government of India has set an ambitious long term target of 200 GW of solar power by 2040, for which government is planning to allocate US$ 20 Billion.
"Indian Solar Energy Market Outlook 2012" provides an in-depth analysis of present and future prospects of solar power industry in India. It gives detailed information about the energy scenario (particularly renewable energy) The report covers various segments of the solar photovoltaic and thermal power to facilitate clients in evaluating the opportunities for their success in India’s solar energy market.
The research also features forecast for vital segments of the industry, including forecast for Indian solar market, various energy indicators, solar street lighting system, solar home lighting system, solar lantern, solar photovoltaic pumps, solar water heating system, and solar cookers.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM187.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
# # #
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
Source: RNCOS
Sunday, August 30, 2009
Tuesday, August 25, 2009
Western Wind Energy Corp executes major wind turbine reservation agreement with Gamesa
Western Wind Energy Corp ("Western Wind") is pleased to announce a major wind turbine reservation order with Gamesa for the procurement of up to 120 MW of wind turbine generators. The Windstar Project, located in Tehachapi California, will consist of Gamesa G80 2-MW, G87 2-MW and G52 850-KW turbines. This flexible product mix is capable of harnessing the uniquely varied wind regime of the Windstar site. Although the terms of the deal are confidential, the order is valued at over $160 million.
The decision to select Gamesa was based on an extensive 12 month evaluation of the various wind turbine manufacturers deemed bankable by major lending institutions. Gamesa, having soundly satisfied the above criteria, offers a robust technologically advanced product, comprehensive after-sale maintenance, and a customer-first orientation. Western Wind has paid a deposit and will pay the bulk of the proceeds from the previously announced Manulife Financing subject to financial closing conditions satisfactory to Manulife.
About Gamesa
Beginning with the research and development of wind turbine technology, Gamesa manufactures the critical components and assembles wind turbines in 32 production centers worldwide. Gamesa offers development, installation and after-sale-service to clients across 20 countries. As one of the largest wind turbine manufacturers in the world, Gamesa has installed more than 16,000 MW of renewable energy from non-depleting sources. The annual equivalent of this production exceeds 5.45 million tons of petroleum (TPE) per year and prevents the emission of over 34 million tons of CO(2) per year. Gamesa's portfolio includes more than 21,000 MW of wind assets in various stages of development across Europe, Asia and the United States. Gamesa sales in 2008 were $5.51 billion with a net profit of $464 million.
About Western Wind Energy Corp.
Western Wind is a vertically integrated renewable energy electrical production company that currently owns over 500 wind turbines with 34.5 MW of rated capacity and a further 120MW of expansion power purchase agreements in the State of California. Western Wind further owns additional development assets for both Solar and Wind Energy in California, Arizona, Ontario, Canada and a development team in the Commonwealth of Puerto Rico. Western Wind is in the business of owning and acquiring land sites and technology for the production of electricity from wind and solar energy. Management of Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
Certain statements in this press release constitute "forward-looking statements" under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipated", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. Such statements in this news release include, but are not limited to, the Company's intended use of proceeds from the Offering. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results express or implied by such statements. Such factors include, but are not limited to, the Company's ability to secure a letter of credit on behalf of Southern California Edison, that the funds raised are sufficient to advance its projects as anticipated, and the other factors discussed in the Company's annual report and annual information contained in the Company's 20F Annual Report filed with the United States Securities and Exchange Commission and securities regulators in Canada. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.
Source: Western Wind Energy
The decision to select Gamesa was based on an extensive 12 month evaluation of the various wind turbine manufacturers deemed bankable by major lending institutions. Gamesa, having soundly satisfied the above criteria, offers a robust technologically advanced product, comprehensive after-sale maintenance, and a customer-first orientation. Western Wind has paid a deposit and will pay the bulk of the proceeds from the previously announced Manulife Financing subject to financial closing conditions satisfactory to Manulife.
About Gamesa
Beginning with the research and development of wind turbine technology, Gamesa manufactures the critical components and assembles wind turbines in 32 production centers worldwide. Gamesa offers development, installation and after-sale-service to clients across 20 countries. As one of the largest wind turbine manufacturers in the world, Gamesa has installed more than 16,000 MW of renewable energy from non-depleting sources. The annual equivalent of this production exceeds 5.45 million tons of petroleum (TPE) per year and prevents the emission of over 34 million tons of CO(2) per year. Gamesa's portfolio includes more than 21,000 MW of wind assets in various stages of development across Europe, Asia and the United States. Gamesa sales in 2008 were $5.51 billion with a net profit of $464 million.
About Western Wind Energy Corp.
Western Wind is a vertically integrated renewable energy electrical production company that currently owns over 500 wind turbines with 34.5 MW of rated capacity and a further 120MW of expansion power purchase agreements in the State of California. Western Wind further owns additional development assets for both Solar and Wind Energy in California, Arizona, Ontario, Canada and a development team in the Commonwealth of Puerto Rico. Western Wind is in the business of owning and acquiring land sites and technology for the production of electricity from wind and solar energy. Management of Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
Certain statements in this press release constitute "forward-looking statements" under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipated", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. Such statements in this news release include, but are not limited to, the Company's intended use of proceeds from the Offering. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results express or implied by such statements. Such factors include, but are not limited to, the Company's ability to secure a letter of credit on behalf of Southern California Edison, that the funds raised are sufficient to advance its projects as anticipated, and the other factors discussed in the Company's annual report and annual information contained in the Company's 20F Annual Report filed with the United States Securities and Exchange Commission and securities regulators in Canada. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.
Source: Western Wind Energy
Friday, August 21, 2009
Southwest Windpower Secures Additional Funding to Fuel Global Expansion, Product Development
Southwest Windpower—the world’s largest developer of small wind turbines up to 3 kW—has secured additional financing to accelerate its expansion in Europe, Asia, Australia and other new markets and to support additional product development. PCG Clean Energy and Technology Fund participated in the round for an undisclosed amount. Other current investors that participated are Altira, GE Energy Financial Services, NGP Energy Technology Partners, and Rockport Capital Partners.“Clean, reliable energy sources continue to be a critical component of the world’s energy mix, and small, more affordable wind energy will be a key new energy alternative,” said Frank Greco, CEO of Southwest Windpower, based in Flagstaff. “We are expanding rapidly to bring cost-effective, renewable sources of energy to residential, commercial and off-grid customers.”
The funding will help Southwest Windpower expand in global markets and enhance its Skystream product, a residential-scale wind generator that produces electricity up to 60 percent cheaper than retail electricity, bringing renewable energy options to residential consumers and commercial outlets. Skystream’s unique plug-and-play design allows the user to connect directly to the electric grid. For a residential home, Skystream can provide anywhere from 30 – 80 percent of a home’s electricity, depending on its consumption and wind resource. Southwest Windpower is developing new applications for the Skystream system, including commercial uses such as powering poles street lamps for parking lots or municipalities and multiple unit installations for remote electrification.
“Southwest Windpower has shown impressive growth and great potential to innovatively drive the future development of small wind,” said Jasandra Nyker, Senior Vice President at PCG Asset Management. “Not only has the company shown market leadership in small wind, it has focused on providing affordable sources of wind energy to encourage large-scale adoption.”
Over the last four years, Southwest Windpower has grown at a compound growth rate of nearly 37 percent.
About Southwest Windpower
Flagstaff Arizona-based Southwest Windpower is the world’s largest producer of small wind generators (400-3000 watts). The 22-year old company has been a pioneer in the development of wind technology and has produced over 160,000 generators that provide power to residential homes, remote cabins, telecom transmitters, offshore platforms, water pumping and sailboats. Southwest Windpower distributes in more than 88 countries.
On the Web: www.windenergy.com
About PCG Clean Energy and Technology Fund
The PCG Clean Energy and Technology Fund is a commingled fund-of-funds and direct investment vehicle dedicated to investing across the spectrum of the global clean energy and technology value chain. The fund is managed by a dedicated CleanTech investment team within PCG Asset Management, which oversees more than $15 billion of private equity commitments through a combination of fund-of-funds, separate accounts and advisory relationships and is located in La Jolla, California.
About Altira Group
Altira Group LLC is a Denver based private equity and venture firm that has profitably invested in energy technology companies for over 12 years. Their portfolio includes companies in both the traditional and renewable energy sectors. Altira pursues opportunities to commercialize transformative technologies that drive efficiency and productivity gains throughout the energy value chain while reducing the carbon footprint. Altira is currently investing out of its fifth fund. The typical initial investment in a portfolio company is in the $5-$15 Million range, with follow-on investments as warranted. Altira seeks investment opportunities led by experienced and dedicated management teams who are commercializing new energy technologies with high growth potential.
On the Web: www.altiragroup.com
About GE Energy Financial Services
GE Energy Financial Services’ experts invest globally with a long-term view, backed by the best of GE’s technical know-how, financial strength and rigorous risk management, across the capital spectrum, in one of the world’s most capital-intensive industries, energy. GE Energy Financial Services helps its customers and GE grow through new investments, strong partnerships and optimization of its more than $22 billion in assets. In renewable energy, GE Energy Financial Services is growing its portfolio of more than $4 billion in assets in wind, solar, biomass, hydro and geothermal power. GE Energy Financial Services is based in Stamford, Connecticut.
On the Web: www.geenergyfinancialservices.com
About NGP Energy Technology Partners
NGP Energy Technology Partners, L.P. is a Washington, D.C –based $148 million fund investing growth equity capital in companies providing technology-related products and services to the oil and gas, power and alternative energy sectors. The fund is managed by investment professionals with extensive experience investing in virtually all types of energy technologies and a strong track record of helping companies grow, create value, and establish strategic partnerships. NGP Energy Technology Partners is an affiliate of NGP Energy Capital Management, a $4.2 Billion firm based in Irving, Texas that invests in all sectors of the energy industry.
On the Web: www.ngpetp.com
About Rockport Capital Partners
RockPort Capital Partners is a venture capital firm based in Boston that invests energy and power technologies, advanced materials and process and prevention technologies. The firm is committed to companies with breakthrough technologies that deliver significant economic value to large potential markets.
On the Web: www.rockportcap.com
Contacts
Southwest Windpower
Miriam Robbins, +1-928-779-9463
miriam@windenergy.com
Source: Business Wire
PSC Kickstarts Renewable Energy Investments
$95M Earmarked for Renewable Energy Projects, Federal Matching Funds Possible
The New York State Public Service Commission (Commission) today authorized that approximately $95 million will be made available under its Renewable Portfolio Standard (RPS) program to develop large-scale renewable energy projects, including wind, biomass, and run-of-river hydroelectric projects.
As an added incentive, the RPS funding being made available will enable renewable energy developers in New York to leverage federal grants available under the American Recovery and Reinvestment Act of 2009 (ARRA). This leverage could result in a significant increase in the amount of federal funding coming to New York, providing an even greater building boost of renewable energy projects.
"Our decision to make money available for renewable energy projects reaffirms the important value we place on the development of the clean energy sector of New York's economy," said Commission Chairman Garry Brown. "Renewable energy, along with our energy efficiency efforts, provides our best hope toward ending dependency on fossil fuels, improving regional economies, and reducing global warming gases. Backed by the potential for significant public and private financial investments, we look forward to a brighter, cleaner energy future in New York."
The RPS program, administered for the Commission by the New York State Energy Research and Development Authority (NYSERDA), is currently designed to increase the amount of electricity used by retail consumers in New York State derived from renewable resources to 25 percent by 2013.
Three main tier solicitations have been held to date. NYSERDA is currently administering 30 contracts for procured main tier RPS resources including wind, hydroelectric and biomass facilities associated with more than 2.8 million MWhs of generation in 2013. Other renewable energy projects that could be eligible to bid into the solicitation include biogas, solar, liquid biofuels, fuel cells, ocean thermal, and wave or tidal energy, among others.
To date, New York's RPS program has resulted in the construction and operation of approximately 1,200 MW of new wind capacity, with another 2,000 MW proposed. The RPS program, through Main Tier procurements, has also increased the penetration of hydroelectric, biomass and biogas resources. In the Customer-Sited Tier, the RPS program has notably resulted in more than 1,500 applications for photovoltaic installations, resulting in an expected installed capacity of more than 15 MW.
Based upon the Commission's decision today, NYSERDA is authorized to conduct a new solicitation for RPS Main Tier resources. The new solicitation shall be conducted in the manner of past solicitations, with the following changes:
Proposals will be requested using a sealed, "pay-as-bid" auction procedure. A price will be determined above which bids will not be considered, but such price will not be revealed to bidders.
Contract awards will be for a 10-year term. The 10-year contracts with fuel-based renewable energy generators shall have an escape clause actionable every two and one-half years so that the generator may drop out of the program if it is unable to secure a continuous fuel supply at a price that supports its contract with NYSERDA.
The selection of winning bids will primarily be based on a weighted combined score with price comprising 70 percent and projected incremental economic development benefits at 30 percent. Only renewable generation facilities that commence commercial operation on or subsequent to the effective date of this order will be eligible to bid. Facilities that began operation before the effective date of this order will not be eligible to bid. The required in-service dates for this solicitation shall be on or before July 1, 2011 for all facilities, except biomass and biogas facilities which will be required to be in-service on or before July 1, 2012.
The Commission's decision today, when issued, may be obtained by going to the Commission Documents section of the Commission's Web site at www.dps.state.ny.us and entering Case Number 03-E-0188 in the input box labeled "Search for Case/Matter Number." Many libraries offer free Internet access. Commission orders may also be obtained from the Commission's Files Office, 14th floor, Three Empire State Plaza, Albany, NY 12223 (518-474-2500).
Source: readMedia
The New York State Public Service Commission (Commission) today authorized that approximately $95 million will be made available under its Renewable Portfolio Standard (RPS) program to develop large-scale renewable energy projects, including wind, biomass, and run-of-river hydroelectric projects.
As an added incentive, the RPS funding being made available will enable renewable energy developers in New York to leverage federal grants available under the American Recovery and Reinvestment Act of 2009 (ARRA). This leverage could result in a significant increase in the amount of federal funding coming to New York, providing an even greater building boost of renewable energy projects.
"Our decision to make money available for renewable energy projects reaffirms the important value we place on the development of the clean energy sector of New York's economy," said Commission Chairman Garry Brown. "Renewable energy, along with our energy efficiency efforts, provides our best hope toward ending dependency on fossil fuels, improving regional economies, and reducing global warming gases. Backed by the potential for significant public and private financial investments, we look forward to a brighter, cleaner energy future in New York."
The RPS program, administered for the Commission by the New York State Energy Research and Development Authority (NYSERDA), is currently designed to increase the amount of electricity used by retail consumers in New York State derived from renewable resources to 25 percent by 2013.
Three main tier solicitations have been held to date. NYSERDA is currently administering 30 contracts for procured main tier RPS resources including wind, hydroelectric and biomass facilities associated with more than 2.8 million MWhs of generation in 2013. Other renewable energy projects that could be eligible to bid into the solicitation include biogas, solar, liquid biofuels, fuel cells, ocean thermal, and wave or tidal energy, among others.
To date, New York's RPS program has resulted in the construction and operation of approximately 1,200 MW of new wind capacity, with another 2,000 MW proposed. The RPS program, through Main Tier procurements, has also increased the penetration of hydroelectric, biomass and biogas resources. In the Customer-Sited Tier, the RPS program has notably resulted in more than 1,500 applications for photovoltaic installations, resulting in an expected installed capacity of more than 15 MW.
Based upon the Commission's decision today, NYSERDA is authorized to conduct a new solicitation for RPS Main Tier resources. The new solicitation shall be conducted in the manner of past solicitations, with the following changes:
Proposals will be requested using a sealed, "pay-as-bid" auction procedure. A price will be determined above which bids will not be considered, but such price will not be revealed to bidders.
Contract awards will be for a 10-year term. The 10-year contracts with fuel-based renewable energy generators shall have an escape clause actionable every two and one-half years so that the generator may drop out of the program if it is unable to secure a continuous fuel supply at a price that supports its contract with NYSERDA.
The selection of winning bids will primarily be based on a weighted combined score with price comprising 70 percent and projected incremental economic development benefits at 30 percent. Only renewable generation facilities that commence commercial operation on or subsequent to the effective date of this order will be eligible to bid. Facilities that began operation before the effective date of this order will not be eligible to bid. The required in-service dates for this solicitation shall be on or before July 1, 2011 for all facilities, except biomass and biogas facilities which will be required to be in-service on or before July 1, 2012.
The Commission's decision today, when issued, may be obtained by going to the Commission Documents section of the Commission's Web site at www.dps.state.ny.us and entering Case Number 03-E-0188 in the input box labeled "Search for Case/Matter Number." Many libraries offer free Internet access. Commission orders may also be obtained from the Commission's Files Office, 14th floor, Three Empire State Plaza, Albany, NY 12223 (518-474-2500).
Source: readMedia
Wednesday, August 19, 2009
MAN Ferrostaal And Solar Millennium Start Up New Company In USA
MAN Ferrostaal and its partner Solar Millennium AG are repositioning in solar power market in the USA. The two companies are reacting to the marked increase in demand for solarthermal power generation in the country. All activities on the US market will in future be concentrated in a new joint venture, the Solar Trust of America LLC (STA). Through affiliated companies, Solar Millennium will have a majority share in this company, while a minority share will be owned by MAN Ferrostaal Inc., Cleveland (Ohio), a subsidiary of MAN Ferrostaal AG, Essen. Solar Millennium will also integrate the American project development subsidiary Solar Millennium LLC, Berkeley, as a future subsidiary of STA.
Solar Millennium LLC already has long-term power purchase contracts, known as Power Purchase Agreements (PPAs), for up to three parabolic trough power plants in California, each of which will generate just under 250 MW and is cooperating with Nevada Energy on the development of projects in the Amargosa Desert. Further projects are also under development. STA will intensify the development of projects in the southwestern states of the USA, and with its business segments Project Development, Project Financing, Power plant Construction and Power plant Operation it will cover the entire value chain for solarthermal power plants in the USA.
Christian Beltle, CEO of Solar Millennium AG: "We already cooperate with MAN Ferrostaal in Europe, North Africa and the Middle East. By bundling our activities and expanding our collaboration with MAN Ferrostaal we are additionally strengthening our position in the US market. At the same time we are putting the speedy and reliable implementation of our projects on a firm footing. Solar Trust of America is to take over a major role in the construction of solar thermal power plants in the US and build the first solar power plants of this capacity."
According to Uwe T. Schmidt, Chairman and Chief Executive Officer of STA, "The expansion of the previous activities around power plant construction opens up new sales potential. We offer our customers the entire range of services in the development, financing, technology, construction and operation of solar thermal power plants from a single provider. Adequate capitalization should make it possible to simultaneously develop and realize several large projects with investment volumes of more than one billion US dollars each." To finance solar thermal power plants, the Company might also turn to public grants and loan guarantees as well as to the possibilities of tax credits.
MAN Ferrostaal AG
MAN Ferrostaal AG, Essen, is a global provider of industrial services in plant construction and engineering. As a general contractor in plant construction, the company offers project development, project management and financial planning for turnkey installations, including petrochemical plants, gas and solar power stations, oil and gas installations, biofuels and industrial plants. MAN Ferrostaal operates as an independent sales and service partner for machine and systems manufacturers in the automotive, printing and packaging machinery, piping and marine construction sectors, and employs around 4,400 people in 60 different countries. In 2008, its annual turnover amounted to 1.6 billion euros. 70% of the shares in MAN Ferrostaal AG are held by the International Petroleum Investment Company from Abu Dhabi (IPIC), while 30% are owned by MAN AG (Munich, Germany).
For more information, visit www.manferrostaal.com.
Solar Millennium AG
Solar Millennium AG, Erlangen, is a global company in the renewables sector with a focus on solarthermal powerplants. Together with its subsidiaries, the company has specialised in parabolic trough powerplants, a proven and reliable technology in which the Group is taking a leading position globally. All of the important business areas along the value-creation chain of solarthermal powerplants are covered – from the project development to the technology, the turnkey ready construction of the plants to operation and ownership of the powerplant. Together with partners, Solar Millennium developed and realised Europe's first parabolic trough powerplants in Spain. Further projects with an output of over 2,000 megawatts are at the planning stage worldwide. Regional focus is currently on Spain, USA, China and North Africa. Furthermore, the company is pursuing the objective of achieving the marketability of "Blue Tower" technology to acquire hydrogenated product gas from the utilisation of regenerative feedstock and, in the long term, of solar updraft powerplants. For more information, visit www.solarmillennium.de
Source: MAN Ferrostaal & Solar Millennium AG
Solar Millennium LLC already has long-term power purchase contracts, known as Power Purchase Agreements (PPAs), for up to three parabolic trough power plants in California, each of which will generate just under 250 MW and is cooperating with Nevada Energy on the development of projects in the Amargosa Desert. Further projects are also under development. STA will intensify the development of projects in the southwestern states of the USA, and with its business segments Project Development, Project Financing, Power plant Construction and Power plant Operation it will cover the entire value chain for solarthermal power plants in the USA.
Christian Beltle, CEO of Solar Millennium AG: "We already cooperate with MAN Ferrostaal in Europe, North Africa and the Middle East. By bundling our activities and expanding our collaboration with MAN Ferrostaal we are additionally strengthening our position in the US market. At the same time we are putting the speedy and reliable implementation of our projects on a firm footing. Solar Trust of America is to take over a major role in the construction of solar thermal power plants in the US and build the first solar power plants of this capacity."
According to Uwe T. Schmidt, Chairman and Chief Executive Officer of STA, "The expansion of the previous activities around power plant construction opens up new sales potential. We offer our customers the entire range of services in the development, financing, technology, construction and operation of solar thermal power plants from a single provider. Adequate capitalization should make it possible to simultaneously develop and realize several large projects with investment volumes of more than one billion US dollars each." To finance solar thermal power plants, the Company might also turn to public grants and loan guarantees as well as to the possibilities of tax credits.
MAN Ferrostaal AG
MAN Ferrostaal AG, Essen, is a global provider of industrial services in plant construction and engineering. As a general contractor in plant construction, the company offers project development, project management and financial planning for turnkey installations, including petrochemical plants, gas and solar power stations, oil and gas installations, biofuels and industrial plants. MAN Ferrostaal operates as an independent sales and service partner for machine and systems manufacturers in the automotive, printing and packaging machinery, piping and marine construction sectors, and employs around 4,400 people in 60 different countries. In 2008, its annual turnover amounted to 1.6 billion euros. 70% of the shares in MAN Ferrostaal AG are held by the International Petroleum Investment Company from Abu Dhabi (IPIC), while 30% are owned by MAN AG (Munich, Germany).
For more information, visit www.manferrostaal.com.
Solar Millennium AG
Solar Millennium AG, Erlangen, is a global company in the renewables sector with a focus on solarthermal powerplants. Together with its subsidiaries, the company has specialised in parabolic trough powerplants, a proven and reliable technology in which the Group is taking a leading position globally. All of the important business areas along the value-creation chain of solarthermal powerplants are covered – from the project development to the technology, the turnkey ready construction of the plants to operation and ownership of the powerplant. Together with partners, Solar Millennium developed and realised Europe's first parabolic trough powerplants in Spain. Further projects with an output of over 2,000 megawatts are at the planning stage worldwide. Regional focus is currently on Spain, USA, China and North Africa. Furthermore, the company is pursuing the objective of achieving the marketability of "Blue Tower" technology to acquire hydrogenated product gas from the utilisation of regenerative feedstock and, in the long term, of solar updraft powerplants. For more information, visit www.solarmillennium.de
Source: MAN Ferrostaal & Solar Millennium AG
NTR to Build Solar Plant in Arizona
UTILITY COMPANY NTR plans to build its first large-scale solar power plant with the deployment of 60 SunCatcher machines in Arizona within five months.
The firm expects the 1.5 megawatt (MW) project to demonstrate the commercial viability of a system that uses mirrors to concentrate the sun's energy on to an engine which converts thermal energy to grid-quality electricity.
While the system developed by NTR's Stirling Energy Systems (SES) unit boasts high power conversion efficiency and minimal water usage, the achievement of consistent manufacturing quality and efficiencies of scale will be a crucial test for the Arizona plant.
NTR declined to quantify the scale of its investment in the Maricopa solar farm, located at West Valley in the greater Phoenix area.
The project will be "a reference plant" for larger commercial projects in California and Texas with 1,600MW of power capacity.
Although each SunCatcher dish has been shown in tests to generate up to 25,000 watts, the business may have a requirement to build as many as 6,000 for a commercially viable development. SES has 10 working SunCatchers, but only four use the design that will be rolled out in the Maricopa project.
The project will be located next to the Agua Fria power plant in Peoria, Arizona, run by US utility group Salt River Project (SRP). NTR's Tessera Solar unit will lease the land from SRP, which will buy the solar energy.
NTR spent $100 million ([euro]70.15 million) last year to buy 51 per cent of SES, a deal that followed the sale of the West-Link bridge to the Government and the sale of its Airtricity windfarms to Eon and Scottish Southern Energy.
NTR has engaged investment banks Goldman Sachs and Standard Chartered Bank to advise on its preparations to return to the international capital markets next year to raise as much as $950 million to fund the development of its solar and wind energy projects.
The banks are advising how NTR could raise $250 million in equity for Stirling and debt of $250 million to fund the commercial development of the SunCatcher system.
NTR also has a controlling stake in Missouri-based wind farm company Wind Capital Group.
Originally published by ARTHUR BEESLEY, Senior Business Correspondent.
(c) 2009 Irish Times. Provided by ProQuest LLC. All rights Reserved.
A service of YellowBrix, Inc.
The firm expects the 1.5 megawatt (MW) project to demonstrate the commercial viability of a system that uses mirrors to concentrate the sun's energy on to an engine which converts thermal energy to grid-quality electricity.
While the system developed by NTR's Stirling Energy Systems (SES) unit boasts high power conversion efficiency and minimal water usage, the achievement of consistent manufacturing quality and efficiencies of scale will be a crucial test for the Arizona plant.
NTR declined to quantify the scale of its investment in the Maricopa solar farm, located at West Valley in the greater Phoenix area.
The project will be "a reference plant" for larger commercial projects in California and Texas with 1,600MW of power capacity.
Although each SunCatcher dish has been shown in tests to generate up to 25,000 watts, the business may have a requirement to build as many as 6,000 for a commercially viable development. SES has 10 working SunCatchers, but only four use the design that will be rolled out in the Maricopa project.
The project will be located next to the Agua Fria power plant in Peoria, Arizona, run by US utility group Salt River Project (SRP). NTR's Tessera Solar unit will lease the land from SRP, which will buy the solar energy.
NTR spent $100 million ([euro]70.15 million) last year to buy 51 per cent of SES, a deal that followed the sale of the West-Link bridge to the Government and the sale of its Airtricity windfarms to Eon and Scottish Southern Energy.
NTR has engaged investment banks Goldman Sachs and Standard Chartered Bank to advise on its preparations to return to the international capital markets next year to raise as much as $950 million to fund the development of its solar and wind energy projects.
The banks are advising how NTR could raise $250 million in equity for Stirling and debt of $250 million to fund the commercial development of the SunCatcher system.
NTR also has a controlling stake in Missouri-based wind farm company Wind Capital Group.
Originally published by ARTHUR BEESLEY, Senior Business Correspondent.
(c) 2009 Irish Times. Provided by ProQuest LLC. All rights Reserved.
A service of YellowBrix, Inc.
Subscribe to:
Posts (Atom)
RSS Feed (xml)
