Speculation over the new owner of the Great Lakes Biodiesel plant in Welland, Ontario, Canada is over, as Luxembourg-based Heridge SARL has been announced as the winner of a bidding process. And the Welland Tribune reports the new owner is vowing to re-open the $50 million refinery. “The big message that came out is that they’re not buying this operation …
SunEdison & Omnigrid Bring Solar to India
SunEdison and Omnigrid Micropower Company Pvt. Ltd. have signed a framework agreement to develop 5,000 rural projects, representing 250 megawatts (MW) of electricity, throughout India over the next three to five years. Nearly 400 million people in India have no access to electricity. For those who do, the options are fossil fuel-based and expensive. To bring more reliable power to …
Algae.Tec to Expand Biodiesel Ops into China
Australia-based Algae.Tec will bring its algae-biodiesel technology into China. This story from Proactive Investors says Algae.Tec will issue a $500,000 convertible bond to China Finance Strategies Investment Holdings (CFS), with another $5 million in conditional options to come. CFS has extensive relationships in China with its key executives having completed over 250 fundraising and advisory transactions in Greater China Region …
Bidding Ends on Ontario Biodiesel Plant
After about a month on the auction block, the bidding period has ended for an Ontario, Canada biodiesel plant. But this article from the Welland (ON) Tribune says it will take a few days to see who gets the $50-million Great Lakes Biodiesel refinery. In early October, the plant went into receivership as a result of court action by Luxembourg-based …
Enel Green Power Starts Geothermal Plant
The Bagnore 4 geothermal power plant located in the municipalities of Santa Fiora and Arcidosso, near Grosseto, in the Italian region of Tuscany is online and grid connected. The project was completed by Enel Green Power and has an installed capacity of 40 MW and will generate up to 310 million kWh per year. Bagnore 4 joins the 20 MW …
Geothermal Energy Outlook 2015
According to the Geothermal Energy Association (GEA), the U.S. and global geothermal markets are expected to grow in 2015. The U.S. market may grow slowly while state and federal policies are adjusted, but with continued pressure to address climate change and a growing recognition of the important values of geothermal power to grid reliability, that is expected to improve. However, …
Solar Tariff Ups Solar Costs, Hurts Consumers
A final decision has been made by the U.S. Department of Commerce regarding solar tariffs on solar parts assembled in China using components from a third country. The decision created a Separate Rates Group that will be subject to an AD tariff of 52.13 percent and a CVD tariff of 38.72 percent. For example, Yingli will be subject to a …
ET Solar Collaborates on Israel Project
ET Solutions AG (subsidiary of ET Solar) has been selected to provide services for a 40 MWp PV power plant in Israel. The solar project is located in Kibbutz Ketura, approximately 45 km north of Eilat, and will be built in a desert land of 600,000 square meters. This new solar power facility is expected to generate over 70,000 megawatt …
Philippines Looks to Increase Biodiesel Blends
Government officials in the Philippines are looking to increase biodiesel blends in the coming year. This article from Business World says that country’s Department of Energy (DoE) is hopeful the country will be able to move from a 2 percent to 5 percent blend in 2015 and possibly up to a 20 percent blend by 2030. “We are still considering …
Ontario Biodiesel Plant to go to Highest Bidder
A Southern Ontario biodiesel plant is going on the auction block. This article from Canada’s Sun News says the $50-million Great Lakes Biodiesel (GLB) plant went receivership and will be sold to the highest bidder. It’s the latest chapter in the rocky history of Great Lakes Biodiesel, which opened the production facility in Welland at the end of 2012 to …