News Archive for Renewable News

Energy market reforms ‘will help realise Scotland’s renewable energy goals’

With the news that cheap gas customers have been hit hard by two energy suppliers‘ price hikes, it is becoming apparent that energy market reforms are necessary. Read more…

TSB seeks interest in offshore renewables technology centre

The Technology Strategy Board (TSB) announced today that it is seeking expressions of interest from organisations that might lead or form part of a new offshore renewable energy technology and innovation centre. Read more…

Acciona teams up with Navantia for offshore partnership

Acciona Windpower has announced it is forming an offshore-wind partnership with marine specialist Navantia. Read more…

SET-Solar Announces 2MW Solar Farm Kicks Off in Aloha State

SET-Solar Corp., a U.S. provider of high-quality, photovoltaic solar modules, announced its latest collaboration with Greenpower Solutions of Hawaii. A multi-year partnership was established to capitalize on SET-Solar’s strategic alliance with numerous factory and financing partners and will enable Greenpower to build cost-effective solar solutions for commercial projects. Greenpower will procure two megawatts for its project in Hilo, Hawaii.

Installers and integrators are purchasing solar panels in record numbers to take advantage of the attractive government rebate and feed-in-tariff (aka FIT) programs in the US/Canada. SET-Solar offers innovative financing options, including the use of government incentives as collateralized security to finance the operations.  High FIT greatly enhances and attracts financers and investors to the new business opportunities.

“SET-Solar’s collaboration with Greenpower is one of our typical strategic partnerships that we build,” stated Roland Chu, SET-Solar CEO. “By providing financing options which decrease capital burden, we’re seeing a dramatic increase in long-term sales contracts. The end user benefits by having a cost-effective renewable energy source that is also good for the planet. It’s a win-win for everyone involved.”

“Partnering with SET-Solar is extremely beneficial to the growth of Greenpower in the Hilo market,” said Raj Budhabhatti, Greenpower president. “The technical leadership from SET-Solar Corp. enables us to quickly move forward.  SET-Solar’s creative business model instills great confidence in all of us.  This allows our customers to realize the benefits of solar power as their primary energy source.”

Greenpower’s projects include a combination of educational, non-profit and commercial facilities throughout Hawaii.  This project is developed by MayDow Electric Company, Inc. and will be owned by QingDao ShuangXi USA, Inc., both of Hawaii.

Source: PR Newswire

American Wind Capital Acquires Operational Wind Farm in Tehachapi, California

American Wind Capital Company (AWCC), an investor in wind royalties, renewable energy project real estate, and renewable energy projects, today announced the acquisition of ON Wind Energy, LLC and several additional turbines (9MW in total), inTehachapi, CA., from Oak Creek Energy Systems, Inc. (OCES), a California based developer that is majority owned by Marubeni Corporation.  The transaction included a significant wind royalty cash flow.  This is the second transaction between the parties; a previous deal was closed in 2010. Read more…

Lufthansa began regularly scheduled flights using Neste Oil’s renewable aviation fuel

The pioneering cooperation between Neste Oil and Lufthansa in the area of aviation biofuels saw Lufthansa begin commercial flights using Neste Oil’s NExBTL renewable aviation fuel on Friday morning, July 15th. Read more…

Prospect engineers breathe life into wind farm development

Prospect, an international engineering solutions provider and Superior Energy Services company, announces the successful completion of a contract involving the mobilisation of two vessels as part of a wind farm development. Read more…

Neste Oil expands its renewable raw material base with jathropha and camelina oils

Neste Oil will expand the raw material base used to produce NExBTL renewable fuel with jatropha and camelina oils. By introducing these new raw materials in its feedstock base, Neste Oil increases the proportion of non-food materials and raw materials that can be grown on cultivation areas less suited for food plants in its raw material procurement. Read more…

First Wind Farm in Vietnam’s Mekong Delta Will Be Powered by 16 Megawatts of GE Technology

GE (NYSE: GE) has signed a contract with local developer Cong Ly Company Ltd. to provide 10 of its 1.6-82.5 wind turbines and operations and maintenance services for phase one of the Bac Lieu Wind Farm, totaling 16 megawatts of power generation capacity. Read more…

Pöyry to design two biofuel-fired CHP plants for Fortum

Pöyry’s Energy business group has been awarded contracts by Fortum for the engineering, procurement and construction management (EPCM) services of two biofuel-fired CHP (combined heat and power) plants to be built in Järvenpää, Finland and Jelgava, Latvia. Read more…

OPTI Canada provides operational update

OPTI Canada Inc. (TSX:OPC) (“OPTI” or the “Company”) today announced an update on its joint venture operations over the second quarter of 2011. Read more…

Lundin Petroleum Spuds Cempulut Exploration Well In Sabah, East Malaysia

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has commenced the drilling of the Cempulut prospect located in Block SB303, offshore Sabah in East Malaysia. Read more…

Capstone Turbine Corporation Receives Third Service Blanket Order Valued at $8.6 Million From Petroleos Mexicanos (PEMEX)

Capstone Turbine Corporation, the world’s leading clean-technology manufacturer of microturbine energy systems, today announced that it received another comprehensive fleet-wide service blanket order with Petroleos Mexicanos (PEMEX), the fourth largest crude oil producer in the world. Capstone has received service blanket orders from PEMEX since 2007 for fleet-wide service support. Read more…

Foster Wheeler and SOCAR to Form a New Joint Venture Company in Azerbaijan

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed a Memorandum of Understanding (MoU) to cooperate to form a jointly-owned company with The State Oil Company of Azerbaijan Republic (SOCAR) in the Republic of Azerbaijan. Read more…

KFG Resources announces Natchez Island Field

KFG Resources President Robert A. Kadane reported that KFG’s wholly-owned subsidiary, KFG Petroleum Corporation, has drilled the Roundtree #1 well to a depth of 6000′ and has run production casing for a completion attempt. Twenty-two feet of oil sand was sidewall cored in the Nichols sand of the Wilcox formation from 5775′ to 5797′. Read more…

Sembcorp Marine’s subsidiary SMOE secures close to s$600 million contract for an integrated processing and living quarters platform

SMOE, a wholly-owned subsidiary of Sembcorp Marine has secured a contract close to S$600 million from PTTEP International Limited (PTTEPI), Yangon Branch, for engineering, procurement, construction, transportation, installation, offshore hook-up and commissioning, inclusive of novated equipment, of an integrated Processing and Living Quarters platform, to be installed at a water depth of 150 meters in Block M9, in the Andaman Sea, offshore Myanmar. Read more…

Nextraction Almost Doubles Property Position in Provost Viking Oil Play and Reports a Ten-Fold Increase in Production from First Vertical Well Frac

Nextraction Energy Corp. (TSX-V: NE) (“Nextraction” or the “Company”), is pleased to announce it has substantially increased its leasehold position in the Provost Viking A oil pool by 92%, increasing its net acreage position from 1.625 to 3.125 sections (1040 acres to 2000 acres). Nextraction acquired one section at a 100% working interest (640 acres net to Nextraction) at a cost of $701,584, and one section at a 50% working interest (320 acres net to Nextraction) at a cost of $401,088. The two newly acquired sections are contiguous to each other and are one mile from the Company’s existing 50/50 joint venture acreage, allowing for the potential to use existing infrastructure. The acquisition essentially doubles the Company’s drilling inventory of horizontal locations up to 36 wells. Nextraction has identified 21 locations on 400 meter spacing whereby the Company could drill at least 4 wells owning 100% interest, and own a 50% interest in 17 locations (resulting in a further 8.5 net wells). In addition, another 15 locations may be drilled at a 50% interest (7.5 net wells), should down spacing be warranted. Read more…

Gobi Energy Partners LLC signs Seismic Survey Contract

Manas Petroleum Corp. (“Manas”) (TSX-V: MNP) (OTCBB: MNAP) is pleased to announce the commencement of the second seismic survey on the two Mongolian blocks – Zuunbayan-XIV Block and Tsagaan Els-XIII Block – owned by Gobi Energy Partners GmbH (“GEP GmbH”). Read more…

Nordic’s New Gas Well at Lloydminster Now on Production

Further to its News Release dated July 11, 2011, Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. (the “Company” or “Nordic”), today announced that the Company’s 9-4-50-3 W4 natural gas well at Lloydminster has been placed on production.
“We will be monitoring the production rates over the next few days with an eye toward ramping up to full production shortly,” Mr. Benson stated. Read more…

Salamander Energy Announces Dao Ruang-3 Appraisal Well

Salamander Energy plc announces the completion of drilling operations on the Dao Ruang structure, Block L15/50, onshore Northeast Thailand. Read more…

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