Pacific Ethanol has announced it has purchased an additional 5% ownership interest in PE Op Co., the owner of the Pacific Ethanol plants, for a total cash purchase price of $6,000,000. The acquisition increased the company’s ownership interest in the Pacific Ethanol plants to 96%.
ReneSola Ltd has announced that it will develop a 13MW solar project in Dorset, England. The company expects the solar farm to be fully operational and connected to the national energy grid by end of this year. The company has identified a number of potential buyers for the project, which received planning consent in January 2014 and is eligible for the United Kingdom’s support scheme to promote renewable electricity-generating technologies. The project will feature ReneSola PV modules exclusively, specifically the Company’s top-rated Virtus II.
HelioSage Energy, a national developer of utility scale solar projects, has announced the sale of a 77 MWdc/60 MWac portfolio of development-stage solar facilities in North Carolina. The portfolio is comprised of 12 ground-mounted solar projects sited in eastern North Carolina. Once constructed, the projects will sell power under a Power Purchase Agreement with either Duke Energy-Progress or the North Carolina Eastern Municipal Power Agency.
Chint Power Systems America has announced an agreement with the non-profit organization, Wichita Falls Faith Mission, Inc., on behalf of its shelter for women and children, Faith Refuge, in Wichita Falls, Texas. The 24,000 sq. ft. homeless shelter that opened in May 2012 is partially powered by about 650 solar panels. Under the agreement, Chint will provide array services to maximize the site operation and energy harvest leveraging its research and development (R&D) and Service center based in Dallas, Texas. Under the agreement, Chint will use the 180kW array for monitoring, evaluating and testing solar inverters, accessories, data monitoring and field services.