rechargenews.com

Canada's Innergex to advance three hydro projects

Richard A. Kessler — Fri, 12 Mar 2010 19:17:11 GMT

Innergex Renewable Energy will move ahead with three run-of-river hydroelectric projects after British Columbia Hydro and Power Authority announced that it will enter into long-term purchase agreements for their combined 113 megawatts of power.

NV Energy boosts clean energy portfolio with landfill gas deal

Richard A. Kessler — Fri, 12 Mar 2010 16:47:13 GMT

NV Energy has signed a 20-year purchase agreement with Waste Management for renewable energy produced from a three-megawatt landfill gas-powered project to be located southeast of Reno, Nevada. Financial terms were not released.

RES secures first EIB onshore wind loan of $115m

Paul Berrill — Fri, 12 Mar 2010 14:50:10 GMT

UK renewable energy developer RES has unveiled a �76m ($115m) financing deal for construction of its 48-megawatt (MW) Hill of Towie Wind Farm in Scotland with Lloyds Banking Group and BNP Paribas.

Climate Exchange bags profit; sees bright future for CO2 trading

Karl-Erik Stromsta — Fri, 12 Mar 2010 10:30:41 GMT

Climate Exchange, owner of the European Climate Exchange and Chicago Climate Futures Exchange, notched its first-ever pre-tax profit in 2009, and says despite the outcome in Copenhagen the political momentum for carbon trading remains favourable.

Puerto Rico OKs wind farm despite environmental objections

Richard A. Kessler — Fri, 12 Mar 2010 04:48:25 GMT

Governor Luis Fortuno’s government in Puerto Rico has approved a plan to install 25 wind turbines in the southern coastal town of Guayanilla in a move to lessen the Caribbean island’s dependence on imported oil for electricity production and lower energy costs.

Ending ecoENERGY funding hurts Canada's wind sector - CanWEA

Richard A. Kessler — Fri, 12 Mar 2010 01:41:27 GMT

The Canadian Wind Energy Association (CanWEA) says the federal government’s decision not to expand and extend its ecoENERGY program that funds and supports renewable energy projects is a “serious disappointment,” and will hurt Canada’s ability to compete with the US for sector investment and job creation.

Finavera to advance four British Columbia wind projects

Richard A. Kessler — Thu, 11 Mar 2010 23:23:55 GMT

BC Hydro says it will award long-term electricity purchase agreements (EPAs) covering four wind projects totaling 293 megawatts of combined nameplate capacity that Finavera Renewables has proposed for British Columbia Province in Canada.

Nevada lands first Chinese wind turbine factory in US

Benjamin Romano — Thu, 11 Mar 2010 20:40:55 GMT

China’s A-Power Energy Generation Systems, in cooperation with US partners, says it will build a major wind turbine production and assembly plant in Nevada to serve the North and South American markets, employing 1,000 people and turning out up to 1.1 gigawatts of turbines annually.

Ormat enters promising Nevada geothermal project

Richard A. Kessler — Thu, 11 Mar 2010 15:53:46 GMT

Ormat Technologies says that a subsidiary has completed acquisition of an interest in Hot Springs II, which includes the Tuscarora geothermal project in Nevada. No terms were released.

Q-Cells CEO resigns after firm posts $1.9bn loss

Karl-Erik Stromsta — Thu, 11 Mar 2010 13:34:48 GMT

Anton Milner, chief executive of Germany’s crisis-stricken Q-Cells, has resigned his position effective immediately. The news comes two weeks after the firm announced it lost a stunning €1.4bn ($1.9bn) in 2009 – by far the worst performance in the industry’s history.