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NextEra Energy Resources' Subsidiary Closes on $935 Million Financing and Secures a DOE Loan Guarantee for its Genesis Solar Project
JUNO BEACH, Fla., Aug. 29, 2011 /PRNewswire-FirstCall/ -- NextEra Energy Resources, LLC, announced that its subsidiary, Genesis Solar, LLC, has closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility. The U.S. Department of Energy has provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan under its Financial Institution Partnership Program. Proceeds from the financing will be used primarily for the construction of the Genesis project, a 250-megawatt utility-scale concentrating solar thermal generating facility featuring proven parabolic trough solar thermal technology, located in Riverside County, Calif.
PENNINGTON, N.J., Aug. 23 (UPI) -- An autonomous wave energy device for the U.S. Navy maritime security program has been deployed for sea trials by Ocean Power Technologies, Inc.
The device marks an important milestone in the expansion of the New Jersey company's PowerBuoy product line, the company said.
Cleantech Solutions Receives Sample Orders for LED Lighting Equipment Components
WUXI, Jiangsu Province, China, Aug. 22, 2011 /PRNewswire-Asia-FirstCall/ -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT), a manufacturer of metal components and assemblies, primarily for the wind power industry as well as solar and other industries, today announced that the Company has received a sample order from an international customer to supply a chamber which is a key component for Sapphire Growth System used in the manufacture of LED general lighting applications.
Cleantech Solutions expects to deliver the sample order to its customer for inspection and approval in September 2011. Following approval, the Company expects its customer to place orders for additional chambers and other components of Sapphire Growth System.
Silver Spring Smart Energy Platform now Integrates Freestyle’s Technology
Silver Spring Networks Expands Ecosystem to Include Smart Water Meter Module
Redwood City, CA, August 16, 2011 and Melbourne Australia, August 17, 2011 - Silver Spring Networks and Freestyle Technology today announced they have executed an agreement to further strengthen their relationship by integrating the Freestyle Zigbee-based smart water meter module with the Silver Spring Smart Energy Platform. This partnership supports Silver Spring’s and Freestyle Technology’s vision of providing an interoperable, open and flexible networking platform that enables the development of next-generation smart grid applications for utilities and consumers.
Grid Cloud Solutions Announces 10 MW Solar Project Submissions
SAULT STE MARIE, ON -- (Marketwire) -- 08/15/11 -- Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) is pleased to report securing options to develop solar power on lands in prime regions for available transmission capacities totaling over 10 MW of ground mounted photovoltaic projects. The advancing solar energy projects, located in Ontario, Canada, are expected to be permitted under the province's renewable energy promoting Feed-In-Tariff program. Once operational these additional projects would generate over $7.8 M per annum in revenues for Grid Cloud Solutions and its partners for 20 years.
Grid Cloud CEO, Mr. Danny Wong, comments, "The Grid Cloud team continues to secure rural lands closest to areas where transmission line capacity is not an issue, for itself and other Renewable Energy developers, while supporting the distributed generation model, which is expected to create environmental benefits and support communities."
Follow Yahoo!'s The Daily Ticker on Facebook here! Everyone knows the best part of the Super Bowl - the commercials. One day a year Americans skip the fast-forward button on their DVRs and direct their gaze on the television, assiduously watching every second of these highly-anticipated commercials. The annual ritual of watching Super Bowl ads [...]