AES Solar, a JV between The AES Corporation and Riverstone Holdings LLC, just announced that it has closed on EUR173 million worth of financing for its planned Cellino San Marco project. The project will consist of a 43 MW solar PV plant in Italy’s Puglia region. The facilities will provide enough money for approximately 85% of the cost of building the plant, and they will mature 18 years after the plant is completed in the … Read the rest
Tag Archives: aes
AES Wind Generation (AES) Opens New Wind Facility In Pennsylvania
AES Wind Generation just announced that its 101 MW Armenia Mountain wind farm in Pennsylvania is up and running. AES will sell the 100% of the power produced by the plant to nearby utilities Delmarva Power and Light and Old Dominion Electric Cooperative under 15 year power purchase agreements, with each utility taking 50% of the output.
In a press release, Marty Crotty, President of AES Wind Generation, commented on the news:
“Armenia Mountain … Read the rest
AES Corp’s (AES) Sparrow’s Point Terminal Approved By Federal Energy Regulatory Commission
AES Corporation has received approval from the Federal Energy Regulatory Commission for its Sparrow’s Point LNG Terminal, despite the environmental concerns that have generated opposition from the Department of Fish and Wildlife and The Army Corps of Engineers.
CNNMoney.com has details on the story:
… Read the restIn a press release, FERC said it would impose 169 mitigation conditions on the project, based on recommendations by FERC’s environmental staff. With these conditions, the project "would have mostly limited
Army Corps Of Engineers Weigh In On AES Corp’s (AES) Proposed LNG Facility
Yesterday, we reported that the DOI requested approval of AES Corporation’s proposed LNG facility at Sparrows Point in Chesapeake Bay be put on hold to better study the potential impact of the project on local wildlife. Now, the Army Corps of Engineers is weighing in, saying it will deny AES’ application for a permit for the project until these concerns are addressed.
The Baltimore Sun reports that the company won’t get permits for the facility … Read the rest
Department Of The Interior Requests Postponement Of Decision On AES Corporation’s (AES) Planned Chesapeake Bay LNG Plant
Officials with the Department of the Interior are requesting that the Federal Energy Regulatory Commission postpone approval of AES’ proposed LNG plant in Chesapeake Bay. The Federal Energy Regulatory Commission was expected to give AES permission to proceed with the plant, but the DOI wants to wait until an additional wildlife study is finished and analyzed.
According to the Baltimore Examiner, the proposed construction would include the following:
… Read the restFERC staff and U.S. Commerce Secretary
AES Solar Energy Ltd (AES) Secures Funding For 5 Spanish Solar Projects
AES Solar Energy Ltd announced that it has secured funding for 5 of its planned solar PV projects in Spain. According to the company, which is a joint venture between AES Corporation and Riverstone Holdings LLC, one of its subsidiaries obtained €70 million loan for the projects.
From RenewableEnergyWorld.com, here are more details about the terms of the loan:
… Read the resthe loan was provided by UniCredit Mediocredito Centrale of Italy and Rabobank of the Netherlands.
AES Corporation (AES) To Finance Wind Farm In Bulgaria
AES Geo Power, a Bulgarian company owned by AES Corporation, signed an agreement to finance a 52-turbine, 270 million Euro wind farm in Bulgaria. Out of the total cost, 198 million euro will be financed by a group of banks including European Bank for Reconstruction and Development, the World Bank’s International Financial Corporation and Italian bank UniCredit SpA (UNCFF).
Construction of the wind farm is expected to be completed in the latter half of … Read the rest
Altair Nanotechnologies (ALTI) Announces Successful Demo of Lithium Battery
Altair (ALTI), announced today the successful demo and validation of two 250 kilowatt-hour battery system that was purchased by a leading utility AES Corp (AES). The testing was conducted to demonstrate the applicability of Altair’s large platform technology to frequency regulation, important in the process of utilities providing power to the electric grid.
"The positive AES results validate the immense opportunities in the utility sector," said Terry Copeland, President and CEO for Altair Nanotechnologies. "Our … Read the rest