TerraForm Power has completed its acquisition of 77.6 MW of distributed generation solar power plants from the Capital Dynamics U.S. Solar Energy Fund, L.P. The transaction is expected to provide approximately $21 million in unlevered Cash Available for Distribution (CAFD) in the next year and will be immediately accretive to CAFD per share. The power purchase agreements in the acquired portfolio have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.- San Diego Gas & Electric (SDG&E) has announced that more than 1,000 MW of renewable power is being delivered to the San Diego region made possible by the new $1.9 billion Sunrise Powerlink transmission line project. The addition of the 150-MW Solar Gen 2 Imperial Valley solar project now brings to more than 1,000 MW the total amount of solar and wind power being transmitted to SDG&E customers from the Imperial Valley.
- Renewable Energy Systems Americas has announced the completion of a portion of the 267 MW Tucannon River Wind Farm in Washington State. The company served as the Balance of Plant (BOP) construction contractor for the project’s owner, Portland General Electric (PGE). The project consists of 116 2.3 MW Siemens turbines and is expected to produce enough clean, renewable energy to power the homes of approximately 84,000 average residential customers.
- Solar-Tectic LLC has been issued a patent for their technology that allows for the growth of single crystal semiconductor films on inexpensive substrates such as glass, from the U.S. Patent and Trademark Office. The technology was invented by the late Dr. Praveen Chaudhari, winner of the 1995 US Medal of Technology and Innovation, and has applications in various industries in addition to solar, such as displays and LEDs. U.S. patent 8,916,455 titled “Method of Growing Heteroepitaxial Single Crystal of Large Grained Semiconductor Films on Glass Substrates and Devices Thereon” promises to solve a long standing challenge in materials science, namely, the growth of single crystal semiconductor films directly on amorphous substrates, such as glass.
