RMT Inc, a unit of Alliant Energy Corporation, announced that its Michigan Wind 1 facility is up and running. The facility, located near Ubly, Michigan, began producing power last month. Each year, the wind farm is expected to produce enough power to supply 20,000 homes.
The Business Journal of Greater Milwaukee has more details on the wind farm:
… Read the restRMT provided construction of the civil and electrical services for the site, including erecting 46 1.5-megawatt wind
Capstone Turbine Corporation just announced that it has received the UTC Supplier Gold Award from UTC Power. Here’s what top executives from each company had to say about the award:
Richard O’Donnell Jr., UTC Power’s Director of Supply Chain Management, said, “Capstone is among a select group of suppliers being recognized for its performance in the areas of Quality, Delivery, Lean manufacturing and Customer Satisfaction.”
… Read the rest“We are very pleased and honored to receive this recognition
Xcel Energy announced today that its first wind farm in Minnesota is now in operation. The 100.5-megawatt Grand Meadow Wind Farm has been contributing electricity to the grid since December 4th.
From TwinCities.com, here’s a rundown of Xcel’s current wind power capacity:
… Read the restWith the addition of the Grand Meadow project, Xcel Energy has more than 1,200 megawatts of wind-powered generation on its Upper Midwest system. The company plans to have 4,000 megawatts of wind power
A judge is considering a $2.6 million settlement offer from Xcel Energy over regulators concerns that Xcel may have overbilled consumers for its wind energy program, Windsource. Through the Windsource program, 47,000 Xcel Energy customers pay extra to Xcel to support the generation of wind power. What was the problem with the program? According to KJCT8.com,
… Read the restStaff of the Colorado Public Utilities Commission contend Xcel sold credits from 2005 to 2007 for more wind
A-Power announced yesterday that it has signed a deal for a joint venture with GE Drivetrain Technologies.Under the terms of the agreement, the companies will work together to create a wind turbine gearbox assembly business. GE Drivetrain will own the majority of the business.
The companies also entered into a supply agreement, under which GE will provide more than 900 2.7 MW gearboxes to A-Power, starting in 2010.
… Read the restThe companies said
Just a heads up…FPL Group Inc is changing the name of its alternative energy subsidiary, FPL Energy. FPL Energy will henceforth be known as NextEra Energy Resources.
According to MSNBC, "NextEra Chief Executive Mitch Davidson said the company’s new name "reflects our focus on clean energy solutions and provides us with a strong brand platform to grow our business now and into the future."… Read the rest
Nigel Coe, a Deutsche Bank analyst, downgraded Kaydon Corporation’s stock from "Hold" to "Buy," causing shares in the company to tumble. Coe also reduced his earnings per share estimate for the stock, dropping it from $2.01 to $1.76. Afterwards, Kaydon stock decreased in value by $2.02, closing at $31.10 on Friday.
Coe downgraded the stock based "on concerns about the stock’s relative strength, as well as weakness in the company’s core bearings business."
DMI industries, an operating company of Otter Tail, just announced that it will be cutting its workforce by 20% due to the current economic situation. The company will start 2009 with 750 employees in total, 150 more than at the beginning of 2008. The workers who have been laid off will be provided benefits and compensation for a transition period.
Here’s what DMI president Stefan Nilsson had to say about the layoffs:
… Read the rest"We remain committed
American Superconductor Corporation announced yesterday that the company has just received its first order from the Chinese power grid market. The order, placed by Beijing SNTA Electric Power Technique Co., was for one of AMSC’s D-VAR voltage regulation systems. Under the contract, AMSC will provide Beijing SNTA Electric Power Technique Co one of these systems by the middle of this year.
The D-VAR system makes it possible for wind farms to connect to the larger … Read the rest
Canadian utility Trans-Alta announced that their Kent Hills Wind Farm is now up and running. The wind farm will generate up to 96 megawatts of electricity for TransAlta customers, and can be expanded in the future to produce an additional 54 MW. This brings TransAlta’s wind power capacity to a grand total of 248 MW.
Hopefully, this will boost TransAlta’s stock somewhat. Upstreamonline.com notes that
… Read the restTransAlta shares fell 9 Canadian cents to C$25.16 on the