On Tuesday, Greenhunter Energy announced that they have received $30 million in tax-exempt Recovery Zone bonds to expand their Mesquite Lake biomass power facility near El Centro, California.
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By the time both phases of the expansion are completed, the facility will provide enough electricity to power 18,000 homes and will create about 642 jobs.
In a press release, Gary C. Evans, Chairman and Chief Executive … Read the rest
According to this press release, A-Power will be building a 150 megawatt biomass plant in Thailand. The company has signed an agreement with Thailand’s Biomass Electricity Co., Ltd regarding the plant. Under the $86 million contract, A-Power will design the plant, which will be built in Prachinburi, Thailand. A-Power will also obtain and install the three main engines for the plant and will be the general contractor for the civic engineering system, the chemical … Read the rest
What started out as a shaky day for A-Power Energy (APWR) has turned into a great day. The stock is surging off the lows of the morning after missing analyst expectations and has announced two new deals. The first was the construction contract with Tieling Cement and now the company is announcing it has signed an agreement with Pakistan Amraas Intl to construct and operate two 25MW biomass power plants as well as a geothermal … Read the rest
Xcel’s plans to convert their Bay Front power plant to biomass have received the seal of approval from the Public Service Commission of Wisconsin. The plant, which will be powered by wood biomass from nearby tree harvests, will be the largest biomass-fueled power plant in the Midwest. The power plant should be converted completely to biomass by 2012.
In a company press release, Mike Swenson, the president and CEO of Northern States Power Company-Wisconsin, … Read the rest
NRG has started to evaluate two biomass crops, switchgrass and high-biomass sorghum at its Big Cajun II plant in Louisiana. The tests are part of an effort to reduce the plant’s carbon footprint by burning less coal. The crops being grown are improved varieties of switchgrass and sorghum designed to grow well in Louisiana’s climate, and are provided by Ceres, Inc.
The first stage of the project consists merely of planting the crops, allowing them … Read the rest
A-Power Energy (APWR) missed earnings estimates by a wide margin once again this morning and the stock is down more than 10% as a result. The company reported an EPS of .14/share which was a big improvement sequentially but down 30% over the year ago quarter. Analysts were expecting .20/share. Revenues also jumped over last quarter (by about 60%) to $57.5 million, but off about 10% from the year ago quarter and missing estimates as … Read the rest
A-Power Energy (APWR) is mostly cited as a top wind energy play, but the company continues to announce contracts to develop biofuel plants in China. Last month they announced a $52 million contract with Huaian Huapeng Biomass Electricity and in April announced a $75 million contract with Anhui Wenergy. Today they are announcing yet another contract of $14 million with Sanmenxia New Energy Bio-Electricity to design, construct, install and test a biofuel DG plant … Read the rest
Xcel Energy just announced that it will convert its Bay Front Power Plant in Ashland, WI, to run completely off of biomass. The company plans to install biomass gasification technology in the last coal-fired unit at the plant, once regulators. Under the current timeline, the plant could be completely converted by 2012.
Here’s more about the project, from the Examiner.com:
When completed, the project will convert the plant’s remaining coal-fired unit to biomass gasification technology, … Read the rest
A-Power Energy (APWR) has vaulted about 15% in just the past 20 minutes on news it has signed contracts totaling $75 million with subsidiaries of Anhui Wenergy to build micro grid electricity generation systems using biomass as the fuel. APWR will design, assemble, install, test and deliver two 30 MW biomass fueled electricity generation systems which are expected to be completed by Aug 2010.
“We are extremely excited to become the sole provider for Wenergy’s … Read the rest
Covanta Holding (CVA) has closed on the acquisition of 2 biomass energy facilities in Maine for $52 million. The purchase increases the number of Covanta biomass facilities to 8 and increases the energy output by 35%. The facilities are wood waste facilities and convert woodchips, sawdust, bark, tree trimmings, agricultural waste and wood recovered from construction sites into energy.
“We are very pleased to have completed this acquisition,” said Anthony Orlando, President and Chief Executive … Read the rest