Google has made a $80 million equity investment in six solar-power plants – five located in California and one in Arizona. All six of the solar projects are expected to begin operations in January 2014 and provide enough electricity to power 17,000 homes. Milbank, Tweed, Hadley & McCloy LLP represented Google who partnered with leading private equity investor KKR & …
World Energy Scenarios Report: More Must Be Done
COP-19 is taking place in Warsaw, Poland and today the World Energy Council (WEC) released a new report, “World Energy Scenarios: Composing energy futures in 2050.” The world is set to face several significant challenges in balancing global energy needs in addressing the triple challenge of the energy trilemma. The WEC study assesses two policy scenarios: the more consumer-driven Jazz …
Solar Thermal Capacity Set to Double
According to a recent Today in Energy published by the U.S Energy Information Administration (EIA) with the expectations that several large, new solar thermal power plants will come online by the end of 2013, solar thermal generating capacity in the U.S. will more than double. The projects feature different solar thermal technologies and storage options. For example, Abengoa’s Solana plant, …
Eight Gas Stations in St. Louis Go Solar
Eight gas station and convenience stores owned by Home Service Oil Company, along with its headquarters in the St. Louis, Missouri area are going solar. Real Goods Solar has been selected to design, install, monitor and maintain the solar power systems. When combined, the solar systems will provide an estimated 378 kW of power and generate nearly 478,000 kilowatt hours …
McGinness Hills Geothermal Project Expands
Ormat Technologies has announced that a key milestone was reached in the 30MW expansion of the McGinness Hills geothermal plant complex located in Lander County, Nevada. NV Energy and Ormat signed an amendment to the existing McGinness Hills power purchase agreement (PPA) allowing Ormat to sell 63.7 MW (net average annual capacity) from the complex. Under the amendment, a new …
November 2013 Short-Term Energy Outlook
The U.S. Energy Information Administration (EIA) has released its November 2013 Short-Term Energy Outlook and Winter Fuels Outlook. The report comes at the same time the 2013 World Energy Outlook was released by the International Energy Agency. Here are some highlights from the report: The weekly U.S. average regular gasoline retail price has fallen by more than 40 cents per …
Call for EU Climate & Energy Framework
Eight European companies are calling for a strong 2030 EU climate and energy framework based on mutually reinforcing tools and targets, including an ambitious and legally binding target for the share of renewable energy in the energy mix of more than 30 percent. Collectively, the group represents 176,000 jobs and over EUR250 billion annual turnover and is providing cleaner generation …
Football for Hope. Energy for Hope.
Yingli Solar has announced a milestone in its work with Federation Internationale de Football Association’s (FIFA) Football for Hope program. The 16th center has been officially inaugurated in Alexandra, South Africa. To honor the occasion, Deputy Minister of Sport and Recreation, Mr. Gert Oosthuizen, FIFA’s General Secretary, Mr. Jerome Valcke, representatives of the non-profit organization Grassroot Soccer (GRS), the South …
World Energy Outlook 2013 Released
According to the International Energy Agency’s (IEA) 2013 edition of the World Energy Outlook (WEO-2013), technology and high prices are opening up new oil resources, but this does not mean the world is on the verge of an era of oil abundance. The report also finds that the Middle East, the only large source of low-cost oil, will take back …
GPRE Acquires BioFuel Energy Ethanol Plants
Green Plains Renewable Energy (GRPE) has announced a definitive agreement to acquire two of BioFuel Energy Corp’s (BIOF) ethanol plants from its lender group. The ethanol plants are located in Wood River, Nebraska and Fairmont, Minnesota. The two facilities have a combined annual production capacity of approximately 220 million gallons, and the acquisition will increase GPRE’s production capacity by 28 …