Alstom and Andrade Gutierrez have inaugurated an industrial joint venture dedicated to the production of steel towers for wind turbines, Torres Eólicas do Nordeste (TEN). The unit is located in Jacobina, Bahia, 350 km from Salvador. The joint venture, 51% owned by Andrade Gutierrez and 49% by Alstom, received investment of around 30 million euros last year. The plant occupies a built-up area of 22,000 sq. meters on a 140,000 sq. meters plot, next to the main current and potential wind projects of the region.- The Geothermal Resources Council (GRC) is hosting a GRC Workshop, June 22-26, 2015. The event will include a field trip of the major geologic features of Yellowstone Park, the first national park in the world and the site of the greatest concentration of geothermal features on the planet, and discussions of its volcanic history, geochemistry, and hydrology. In addition, attendees will visit the 13 MW net capacity U.S. Geothermal Inc. Raft River geothermal power plant and the Raft River Enhanced Geothermal System (EGS) site, where reservoir stimulation activities are being conducted.
- Solar Power, Inc. has announced the completion of its $70 million private placement, previously announced on December 15, 2014. The private placement consisted of $35 million of common stock sold at a purchase price of $2.00 per share and $35 million of convertible promissory notes. Net proceeds from the sale of the common stock and convertible promissory notes are intended to be used for expansion of SPI’s global PV project activities, the development of its energy internet businesses and general corporate purposes.
- Geronimo Energy is teaming up with St. Paul Public Housing (“SPPHA”) to bring solar to their residents under Xcel Energy’s Community Solar Garden Program. Geronimo Energy’s project was selected from a group of competitive proposals received by SPPHA. The project will help offset roughly 90% of SPPHA’s electricity usage at 16 high-rise buildings, comprised of 2554 housing units, as well as the main office facility in Saint Paul. Over the life of the contract with Geronimo, SPPHA will support the generation of 864,354,001 kWh of solar electricity and save over $4,000,000 in electricity expenses.
