Through its subsidiary Finerge, Enel Green Power España has acquired a 100 percent stake in Sociedad Térmica Portuguesa (TP), becoming the only shareholder of the Portuguese renewable company.
The latest policy driver document from the Ontario Smart Grid Forum, Modernizing Ontario’s Electricity System: Next Steps, says the North American power system is aging and in need of upgrading renewal. The current electric grid was only designed for one-way delivery of power from large generators to consumers.
Eurus Energy America and NRG Solar are collaborating to build the largest solar photovoltaic (PV) generating facility in California. When operating at full capacity, the three Avenal zero-emission solar projects—Avenal Park, Sun City, and Sand Drag—will generate a total of 45 megawatts (MW). That is enough power to meet the needs of 36,000 homes.
Sharp is acquiring Recurrent Energy, a solar project developer and generating company with a 2 GW pipeline. As per terms of the agreement, Recurrent Energy will retain its name and operate as a subsidiary of Sharp. The purchase, valued at a reported $305 million, is expected to close by the end of 2010.
The Dow Chemical Company, Astraeus Wind Energy Inc. (AWE) and MAG Industrial Automation Systems (MAG) are collaborating on a project funded by the state of Michigan to advance the wind industry. The companies have contracted to develop solutions to improve and enhance the manufacture of wind turbine blade components, and finished blades, for the wind industry. The United States’ need for energy independence and economic security is driving the demand for clean, alternative energy solutions like wind energy.
A California Energy Commission committee has recommended approving BrightSource’s 392 megawatt project, the Ivanpah Solar Electric Generating System. When built, Ivanpah will be the world’s largest solar energy project, and will nearly double the amount of solar thermal electricity produced in the United States. BrightSource previously received a conditional commitment from the U.S. Department of Energy for $1.37 billion in loan guarantees to support the Ivanpah project financing.
The United States Department of Energy has initiated a new smart grid information clearinghouse Web site to provide a forum where information on smart grid technologies can be shared. The beta version began July 7 and provides information on technologies, standards, rules, training and best practices. for smart grid technologies that use sensors, infrastructure and communications devices to better monitor and control energy use.
The Renewable Energy Snapshots 2010 study by the European Commission’s Joint Research Centre (JRC) reports that with regards to the new capacity constructed in 2009, (27.5 GW), among the renewable sources, wind power accounted for 10.2 GW out of the 27.5 GW built, which represents 38 percent of the total. “For the second year in a row, wind energy is the leading electricity generation technology in Europe and the renewable share of new power installations was 62% in 2009,” said the study.
Georgia Power has petitioned the Georgia Public Service Commission (PSC) to increase its base rates by a little more than eight percent of the company’s retail rates, to generate approximately $615 million, to recover the investment costs for cleaner generation sources, power lines, smart grid technologies, environmental controls, and energy efficiency programs to meet current and future customer demand. The proposed change in rates would be effective Jan. 1, 2011.
A new report by Smart Grid Analysis (SGA), microgrid Markets and Opportunities, concludes that major energy players such as Cisco, GE, IBM, Lockheed Martin, Siemens and Verizon, will partner with smaller specialist firms in pursuing microgrid opportunities that are expected to reach $1.8 billion by 2015. SGA is a NanoMarkets’ group dedicated to analyzing emerging market and technology opportunities in the Smart Grid.