News Archive for Renewable News

Siemens splits wind off into independent division

Siemens is to restructure its renewables division by splitting wind and solar and hydro into two separate divisions.
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NFU praises renewable energy boost from solar power innovators

The NFU believes the first 16 large-scale solar farm projects, installed just days before the government deadline for incentives ran out, will contribute a remarkable 46.3 megawatts of power to the national grid.
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PG&E and Sempra Generation Contract for 150 MW of Renewable Power

Pacific Gas and Electric Company (NYSE: PCG) and Sempra Generation, a subsidiary of San Diego-based Sempra Energy (NYSE: SRE), announced today that they have entered into a 25-year contract for 150 megawatts (MW) of renewable power from an expansion of Sempra Generation’s Copper Mountain Solar complex inBoulder City, Nev. Read more…

Pattern Completes Four Agreements to Deliver 870 MW of Wind Energy to the Ontario Power Authority

Pattern Energy Group LP (Pattern) and Samsung Renewable Energy (Samsung) today announced they have signed four separate power purchase agreements with Ontario Power Authority (OPA). These agreements will provide 870 megawatts (MW) of clean energy from wind energy projects to OPA, enough to power more than 300,000 homes every year. Read more…

MY Signs Strategic Cooperative Agreement with China Three Gorges New Energy Corp. to Jointly Develop Offshore Wind Power in Guangdong

China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”) (NYSE: MY), a leading wind turbine manufacturer in China, today announced that it signed a strategic cooperative agreement (the “Agreement”) with China Three Gorges New Energy Corp. (“CTGNE”), a fully-owned subsidiary of China Three Gorges Corporation (“CTGPC”) to foster closer cooperation in both domestic and international wind power development. CTGPC is a wholly state-owned enterprise which is responsible for building and operating China’s Three Gorges Dam Project.
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Gigawatt-Scale Solar Launch of Soltas Energy by Barron Partners

Soltas Energy Corporation was recently launched by New York-based private equity firm, Barron Partners LP. Soltas Energy consolidates Barron Partners’ existing regional solar EPC/Project developers, creates a national vehicle for financing solar projects, and allows Barron Partners to take ownership positions in prominent regional solar project development and installation companies.
By installing solar power generation stations and providing cost-effective, clean electricity directly to commercial customers, Soltas Energy can meet the nation’s growing energy demands in a sustainable way.
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SolarNexus Adds Financing, Now Provides Solar Contractors with Full Spectrum of Services

SolarNexus, the industry leader in web-based solar business management software, has broadened the range of offerings available in its supplier network by adding access to customer financing to its range of products and services for solar contractors.

With a click of the mouse, SolarNexus users can now seamlessly offer their customers leasing through SolarNexus’ first financing partner and industry pioneer Sungevity. The availability of Sungevity’s Solar Lease via SolarNexus allows solar contractors to increase their sales through its zero-down lease program.

By partnering with Sungevity, SolarNexus has expanded the ecosystem of products and services offered over the platform. SolarNexus users can electronically order from leading hardware suppliers, premier subcontractors throughout the industry, and now, have access customer financing.

“SolarNexus is all about making solar contractors, and by extension, the rest of the solar industry more successful,” said Eric Alderman, SolarNexus President/CEO. “By accessing a full spectrum of products and services, now including the critical element of customer financing, solar contractors can get everything they need to run, manage and grow their company in one spot and manage their businesses more efficiently and profitably than ever before.”

Sungevity Preferred Installers will benefit from using the powerful SolarNexus software system to streamline operations and to grow rapidly. Tracking leads and managing projects can be done in a standard, scalable way for all of their projects thereby making solar contractors that are part of the Sungevity network more efficient than their competitors.

“Like Sungevity, SolarNexus is a leader in providing innovative, web-based solutions to the solar marketplace,” said Alec Guettel, Executive Vice President, Corporate Development, Sungevity. “Our partnership with SolarNexus provides installers with the industry’s only end to end productivity software system, which will increase efficiency and help them to grow their margins and sales opportunities.”

Brian Allison, President of Element Power Systems Inc. in Brentwood, California, is an experienced solar contractor that sees the addition of Sungevity financing as a major boon to his business. “As an integrator, this is a dream come true. The ability to use the SolarNexus software to make my company more efficient for free, coupled with the opportunity to obtain financing for my cash-strapped clients is going to make our company significantly more competitive and successful.”

SolarNexus will continue to expand and enhance both its productivity software and the marketplace opportunities for solar contractors through additional partnerships throughout the industry. The initial release of Sungevity-related functionality within SolarNexus will be available in September. For more information about SolarNexus, visit http://www.solarnexus.com.

Source: SolarNexus,

Georgia Power Files Updated Energy Plan

Georgia Power today asked the Georgia Public Service Commission (PSC) for approval of its updated integrated resource plan.

The plan outlines how Georgia Power plans to meet customers’ demand and energy needs in light of the current and anticipated impact of environmental regulations on Georgia Power plants and the possibility that some units may have to be retired.

As part of the filing, Georgia Power is requesting the PSC approve the following:

  • The retirement of Plant Branch units 1 and 2 (569 megawatts) effective Dec. 31, 2013 and Oct. 1, 2013 respectively;
  • The retirement of Plant Mitchell unit 4C (33 megawatts) in March 2012;
  • Initiation of work needed for the possible installation of baghouses on Plant Bowen units 1-4, Plant Hammond units 1-4 and Plant Wansley units 1-2, which will be necessary to help Georgia Power strive to meet anticipated compliance deadlines for expected environmental rules and regulations;
  • Certification of four power purchase agreements (PPAs) totaling 1,562 MW of generation capacity identified through the 2015 request for proposals (RFP).

Due to the uncertainty created by pending environmental regulations, Georgia Power will defer decisions on its remaining fleet of coal- and oil-fired generating units until those regulations are finalized.  These federal environmental regulations proposed by the U.S. Environmental Protection Agency (EPA) over the last several months would significantly expand the scope of regulations governing air emissions, water intake, and waste management at power plants.  The regulations have the greatest impact on coal- and oil-fired plants, and if finalized as proposed would significantly increase the cost of electric power generation.  In addition, some of the proposed rules would set unrealistically short compliance deadlines that could impact electricity reliability beginning in 2015.

“There is a great deal of uncertainty facing our business in both the near and long term,” said Greg Roberts, Georgia Power’s vice president of Pricing and Planning.   “The complete effect of a host of new federal environmental regulations is still being assessed, but Georgia Power’s actions are a necessary and preliminary part of responding to the negative economic and reliability challenges created by new and proposed federal regulations.”

To help manage the uncertainty created by the regulations, Georgia Power initiated the 2015 RFP to identify the most cost-effective resources to help support reliability in the 2015 timeframe.  The proposed power purchases from the 2015 RFP will help address the anticipated shortfall but cannot eliminate the reliability risks and uncertainties.  The PSC’s independent evaluator participated in the process to select resources from the 2015 RFP that offer the most reliable and cost-effective supply of electricity for Georgia Power’s customers.

The PPAs include 564 MW of capacity with J.P. Morgan Ventures Energy Corporation, through its BE Alabama LLC subsidiary, from the Tenaska Lindsay Hill facility in Autauga County, Ala.; 625 MW with Southern Power from Plant Harris in Autauga County, Ala.; 298 MW with Southern Power from its West Georgia Generating Facility in Upson County; and 75 MW from Southern Power’s Plant Dahlberg inJackson County, Ga.  The three Southern Power PPAs have term lengths of approximately 15 years.  The J.P. Morgan Ventures Energy Corporation PPA has a term length of 12 years, seven months.  All of the purchased power will come from electricity generated from natural gas. The PPAs will begin in 2015.

Source: PR Newswire

TGI Group (TSPG) Assets Sale and Renewable Energy Business Update

TGI Group (Pink Sheets: TSPG) (www.tgisolar.com) is to sell several of its non strategic assets. TGI Group expects the sale to bring cash for TSPG, and the company will focus on its renewable energy business niche.

TSPG management announced that the company will divest its high-tech assets. The cause of this sale is the management’s belief that TSPG’s interests extend too broadly. TSPG will undergo radical transformation, divesting its Edgetech Systems, Manage Vision Inc. and Worldlink Group Plc.

The company is currently launching negotiations with parties who contemplate the purchase of some of these high-tech assets.

Following the sale of these assets, the company will focus solely on the renewable energy sector. Company continues to pursue interests in the Philippines, and received query from South America, to produce solar panels in the country with one of the largest silicon production capabilities on the planet.

Source: PR Newswire

UNI-SOLAR(R) Powers One of the Largest Solar Roof Installations in Greater Toronto Area

United Solar, a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) and a leading global manufacturer of light-weight, flexible thin-film solar modules, announces the completion of the the SolarShare WaterView Project, one of the largest rooftop solar
installations in the Greater Toronto Area. This solar installation is located on the roof of the Daimler Buses North America Ltd. manufacturing facility near Lake Ontario in Mississauga, Ontario, Canada.

The 438 kilowatt (kW) solar project is owned by the SolarShare Renewable Energy Co-operative and consists of 3,040 UNI-SOLAR(R) brand PowerTilt(R) photovoltaic modules. United Solar channel partner
Advanced Green Technologies (AGT) was responsible for the installation.
This installation is the largest of 18 solar power installations that make up the SolarShare Co-operative portfolio, totaling over 600 kW of solar power capacity.

The project was officially completed on July 7th with a ribbon-cutting ceremony taking place on July 6th. Attendees included Mississauga’s
Mayor, Hazel McCallion, Ontario Government’s Minister of Labor, Charles
Sousa, along with representatives from SolarShare, United Solar, Daimler Bus, and AGT. Attendees were taken on tours to view the technology and construction of the solar project.

“This landmark event is a precedent‐setting example of community and commercial collaboration in clean energy development,” stated Mike Brigham, President of SolarShare and Chair of the TREC Renewable Energy Co‐operative. “The WaterView project has brought together cutting‐edge technology, industry‐leading design and local human resources in a project that allows residents in Mississauga and across the province to invest in, and benefit from, clean solar power.”

“United Solar is proud to be a part of this important and unique
Ontario rooftop solar project, partnering with TREC SolarShare as
system owner and Daimler Buses as site host. We have deployed our
innovative PowerTilt system, which enables a high yield output from the
solar array while limiting weight and impact to the roof structure. We
expect this to be the first of many UNI-SOLAR systems on large
commercial and institutional rooftops throughout Ontario,” said
Christopher Bala, United Solar’s Vice President of Sales, Americas
Central Region.

United Solar has more than 25 years experience in the industry of solar
power generation, and is the largest manufacturer of lightweight,
flexible solar panels in the world. In addition, the company recently
inaugurated a manufacturing facility in LaSalle, Ontario to build its
unique flexible laminates in Canada.

Source: UNI-SOLAR

Fresh & Easy Introduces Natural Gas Trucks from Ryder into Fleet

Ryder System, Inc. (NYSE: R) announced today that it has finalized an agreement to lease 25 compressed natural gas (CNG) vehicles to Fresh & Easy Neighborhood Market, a leading grocery retailer. The CNG vehicles are the first of their kind in the Fresh & Easy fleet and have been made available through Ryder’s agreement with the San Bernardino Associated Governments (SANBAG) in Southern California. The $38.7 million Ryder/SANBAG project is part of a public/private partnership between the U.S. Department of Energy, the California Energy Commission, the Southern California Association of Governments Clean Cities Coalition, and Ryder System, Inc. The project includes 202 heavy duty natural gas vehicles, upgrades to three maintenance facilities for the proper servicing of natural gas vehicles, and the construction of two fueling stations.

“We are committed to reducing our impact on the environment, and incorporating natural gas vehicles into our fleet is a natural step to help us reduce emissions even further”

Fresh & Easy is an existing Ryder Dedicated Contract Carriage (DCC) customer, benefiting from a customized suite of transportation services that optimize fleet operations including drivers, equipment, management, and ongoing engineering support. Fresh & Easy operates 176 grocery stores in California, Arizona and Nevada and relies on a total fleet of 71 vehicles managed by Ryder to support store deliveries from its Riverside, California distribution center. The first 15 CNG vehicles were delivered to Fresh & Easy in July and the balance will be delivered in October.

“We are committed to reducing our impact on the environment, and incorporating natural gas vehicles into our fleet is a natural step to help us reduce emissions even further,” said Fresh & Easy CEO Tim Mason. “Ryder has been an excellent partner in this effort, supporting our efforts to save our customers money and to be a good neighbor.”

Natural gas vehicles produce 20 to 30 percent less emissions than comparable diesel vehicles. In addition, natural gas costs as much as 42 percent less per equivalent gallon of diesel based on current diesel fuel prices.

“When we can reduce our operating costs through more efficient transportation technologies like natural gas, we can pass those savings on to our customers,” continued Mr. Mason. “This natural gas vehicle initiative directly supports our efforts to offer fresh, wholesome food at affordable prices.”

Source: Business Wire

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Dominion to begin construction on new natural gas processing, liquids separation facility

Dominion (NYSE: D) recently announced that it is proceeding with its next major project in the Marcellus and Utica Shale regions, the construction of  a large natural gas processing and fractionation plant along the Ohio River in Natrium, W.Va. Read more…

Apache Reports Record Quarterly Production of 749,000 Boe/d

Apache Corporation (NYSE, Nasdaq: APA) reported production of 749,000 barrels of oil equivalent (boe) per day and earnings of $1.2 billion, or $3.17 per diluted share, for the three-month period ending June 30, 2011. These compare with production of 647,000 boe per day and net income of $860 million, or $2.53 per diluted share, for the same period in the prior year.
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Denbury Resources announces second quarter results

Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced its second quarter 2011 financial and operating results.
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Schlumberger Introduces New High Temperature ESP system

Schlumberger announced today the release of its third-generation REDA* HotlineSA3* high-temperature electric submersible pump (ESP) system for steam-assisted recovery operations and geothermal applications. This latest release enables operators to further improve economics through increased recovery factors and early production while reducing downtime and intervention costs. Read more…

Golden Valley Electric Association, Flint Hills Resources Alaska Exploring North Slope LNG Facility

Golden Valley Electric Association and Flint Hills Resources Alaska have commenced engineering on a natural gas liquefaction facility on Alaska’s North Slope. The two companies have signed a memorandum of understanding to exclusively negotiate agreements to construct and operate a facility that would enable liquefied natural gas to be trucked to the Interior by first quarter 2014.
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Kazakhstan Oil Markets, 2011 Provides Information Relating To the Crude Oil Assets In Kazakhstan

Research and Markets has announced the addition of GlobalData’s new report “Kazakhstan Oil Markets, 2011” to their offering.
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Reef Resources Ltd. announces update on ausable #5 completion and ausable #2 Frac tool removal

Reef Resources Ltd. (TSX VENTURE:REE) (“Reef” or the “Company”) announces that significant progress is being made on determining the Ausable #5 future flow rate. The presence of very light oil, blended with natural gas condensates, creates foamy oil conditions and consequently the current mechanical bottom hole pumping configuration is operating at very low efficiency causing erratic flow rate and high fluid levels in the wellbore. The Ausable field has now been shut in for a period of time to provide fluid level and pressure build up data that is necessary to determine the Ausable #5 likely flow rate using industry accepted inflow analysis technique and will be reported as soon as all data is processed.
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Rodinia Oil Corp. provides drilling update on its “Mulyawara 1″ well, Officer Basin, South Australia

Rodinia Oil Corp. (“Rodinia”) is pleased to announce that it is preparing to run the second intermediate casing string prior to drilling ahead into prospective formations at “Mulyawara 1″, in the Officer Basin of South Australia.
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Berry Petroleum announces results for second quarter of 2011

Berry Petroleum Company (NYSE:BRY) reported net income of $105 million, or $1.90 per diluted share, for the second quarter of 2011. Oil and gas revenues were $231 million during the quarter. Discretionary cash flow for the quarter totaled $121 million and cash provided by operating activities totaled $106 million.

“Private Securities Litigation Reform Act of 1995”

Net income for the quarter was impacted by a net non-cash gain on hedges which increased net income by approximately $64.5 million, or $1.17 per diluted share for an adjusted second quarter net income of $40.7 million, or $0.73 per diluted share.

Robert F. Heinemann, president and chief executive officer said, “Performance from Berry’s portfolio of assets was strong in the second quarter. Production for the second quarter of 2011 was 35,606 BOE/D. Our oil production grew nine percent during the quarter driven by solid increases in the Diatomite and Permian. Our capital investment for the remainder of 2011 will be 100% directed towards crude oil which should increase our oil weighting above the current 69%. Our price sensitive capital budget in 2011 has been a range of $400 to $450 million and at current prices we would expect to be at the high end of that range. Our increased oil mix and continued favorable pricing in California of a $5 premium over WTI allowed us to generate an operating margin of $46 per BOE during the quarter. We recently received full project approval to develop our diatomite asset in California and will be commencing additional pad and facility construction in the last half of 2011 along with drilling 50 wells to complete our 2011 drilling program. As we have been stating for past few months, we are becoming more encouraged about returning our Uinta assets to growth. We participated in two non-operated horizontal wells that were successfully completed in the Uteland Butte member of the Green River during the quarter. Although the horizontal Uteland Butte play is just starting, the results from these wells coupled with our success in the Green River and Wasatch have excited us about the contribution our Uinta assets can make to our oil portfolio.”

Operational Update

Michael Duginski, executive vice president and chief operating officer, stated, “In the diatomite, average production increased by 59% during the quarter and averaged 3,550 BOE/D as the wells we drilled during the first quarter began to respond to steam injection. We plan to bring on additional diatomite completions during the third quarter and our drilling program will resume in October as expected. Additionally, as we prepare for full field development in the diatomite, we have purchased approximately $20 million of emission reduction credits and other steam generation equipment which should allow us to meet our steam injection needs in the diatomite over the next three years.We executed a five rig program in the Permian during the second quarter and production was up 29%, averaging 3,850 BOE/D. Well costs in the Permian have increased as a result of pressure pumping cost pressures due to current commodity prices and activity levels in the basin but we also expect increased ultimate recoveries from the addition of deeper horizons including the Strawn, Atoka and Mississippian. We expect to complete approximately 50 wells in the Permian throughout the balance of 2011 which should allow us to have strong production growth as we exit the year.”

Uinta Basin Update

Berry began drilling its Uinta assets in 2003 and has concentrated on co-mingled, vertical production from several Green River members including the Uteland Butte. During Berry’s development, over 400 vertical wells have been completed in the Uteland Butte across Brundage Canyon, Lake Canyon and the Ashley Forest. Of the Uteland Butte completions, the Company has tested 30 wells in the Uteland Butte on an isolated basis with 30 day production rates in the 10 to 80 BOE/D range. During the second quarter, Berry participated in two non-operated Uteland Butte horizontal wells in Lake Canyon. The first well had a 30-day initial production rate average of 717 BOE/D and the second well recently came on production with encouraging initial production. The Uteland Butte is well correlated in a cross-section of wire line logs from these two horizontals wells to a series of vertical wells across Lake Canyon to Brundage Canyon and Ashley Forest over to Monument Butte. Berry plans to drill three operated Uteland Butte horizontals and participate in three non-operated horizontal wells during the remainder of 2011.

In addition to Berry’s traditional vertical Green River development in Brundage Canyon, over the past two years, the Company has also drilled a total of 13 vertical Wasatch and commingled Green River/Wasatch wells in Lake Canyon with average 30-day initial production rates of between 100 BOE/D and 175 BOE/D. Berry plans to drill a total of 30 vertical Green River wells and 13 comingled Green River/Wasatch wells in addition to the three operated Uteland Butte horizontal wells in 2011. Berry estimates that its risked resource potential in the Uinta basin is approximately 65 MMBOE not including its proved developed reserves in the basin of 11 MMBOE.

Source: Business Wire

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