BioEnergy Bytes

Joanna Schroeder

  • Corporation is using wind energy to power its manufacturing facility located in Findlay, Ohio. The Findlay Wind Farm is an $18 million “Wind for Industry” project, financed by One Energy. The wind farm will have five wind turbines with Whirlpool utilizing two and nearby Ball Company using three. The turbines are expected to offset an estimated 22% of the Whirlpool’s electric consumption.
  • While organic photovoltaics (OPV) still hasn’t achieved escape velocity from lab results into real commercialized products, according to a new report, “Organic Photovoltaics Markets, 2015-2022,” from industry analyst firm NanoMarkets, the current window for achieving success appears to be shaping up in a medium-term scope. New projections from the firm forecast OPV revenues to crack $500 million in revenues by 2022 — assuming the roadmaps and plans of key OPV firms stay the course and are not delayed any more.
  • Siva Power has announced it has closed a Series D financing round, which along with other recent efforts has raised a total of $10 million in new capital for the California-based firm. The funding enables Siva to begin building a key production component and narrow down its site selection for where to establish the world’s most cost-competitive manufacturing plant for highly efficient, low-cost solar panels.
  • E.ON Climate & Renewables North America (EC&RNA) and GE Unit have announced they have secured approximately $222 million in institutional equity financing and commitments to fund future capital contributions from Bank of America Merrill Lynch and JPM Capital Corporation in exchange for partial interest in the Grandview Wind Farm, LLC. The 211 MW wind farm is located in Carson County, 26 miles east of Amarillo, Texas, and features 118 GE 1.7-100 turbines.
Bioenergy Bytes