Utility-Scale Solar Power Generation Continues to Experience Impressive Growth Rate in Renewable Energy Sector - Company Announces Completion of 500 KW Solar Plant
CORAL SPRINGS, Florida, March 20, 2015 /PRNewswire/ --
The amount of solar projects installed globally per year surged by almost six fold between 2009 and 2014, with China leading the way last year, followed by the U.S. and Japan. Some industry analysts have forecasted that over the next five years, solar capacity could nearly triple globally from current levels. Energy & Diversified Utility Company in focus today are: Atlantic Wind & Solar, Inc. (OTC: AWSL), FuelCell Energy, Inc. (NASDAQ: FCEL), Willbros Group, Inc. (NYSE: WG), Clean Energy Fuels Corp. (NASDAQ: CLNE) and First Solar, Inc. (NASDAQ: FSLR)
Atlantic Wind & Solar, Inc. (OTC: AWSL) is pleased to announce it has completed construction on a 500 KW Utility Scale solar power plant in Mississauga, ON, Canada. The $3 million commercial rooftop installation, consisting of approximately 2,300 panels, is expected to produce 12,500 megawatt hours of power over the next 20 years supplying Ontario with clean reliable energy. The power will be sold under the provinces Feed-In-Tariff program.
Read the full AWSL Press Release at http://www.financialnewsmedia.com/profiles/awsl.html
Atlantic has notified the Ontario Power Authority and is awaiting the receipt of a Commercial Operation Notice. The solar power plant was developed by our Canadian subsidiary Atlantic Solar Inc. For photo's of the installation click here: http://www.atlanticwindandsolar.com/news-81.html
In other Energy / Diversified Utilities Happenings and Recent Events from the Renewable Energy Sector: FuelCell Energy, Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, recently announced reported the closing of its previously announced definitive agreement to sell a 1.4 megawatt fuel cell power plant project at the University of Bridgeport to NRG Energy, Inc. (NYSE: NRG). Concurrent with the closing, a subsidiary of NRG, NRG Yield, Inc. (NYLD), acquired the project; the first-ever fuel cell project placed into any yield co. The University of Bridgeport will buy the electricity and heat produced by the fuel cell power plant under a multi-year power purchase agreement (PPA). FuelCell Energy developed the project and is in the process of completing the installation of the power plant. FuelCell Energy will perform operation and maintenance services for the installation over the multi-year term of NRG Yield's PPA with the University. The power plant construction is mechanically complete and commercial operation is expected in March 2015.
Willbros Group, Inc. (NYSE: WG) announced that it has closed the transaction for the sale of all outstanding stock of its UtilX subsidiary to Novinium, Inc., Auburn, Washington. Willbros will apply net proceeds from the sale to debt reduction, expected to be in the range of $35 to $40 million, after customary closing costs and adjustments.
Clean Energy Fuels Corp. (NASDAQ: CLNE) recently announced the opening of its newest natural gas fueling station, located at 6155 Cargo Road, Orlando, FL. The new station at Orlando International Airport is open to the public 24/7 and can accommodate a variety of natural gas vehicles ranging in size from passenger cars and airport support vehicles to heavy-duty trucks.
First Solar, Inc. (NASDAQ: FSLR) and SunPower Corp. (NASDAQ: SPWR) announced this month that 8point3 Energy Partners LP (8point3 Energy Partners), a limited partnership formed by First Solar and SunPower to own and operate a portfolio of selected solar generation assets, has filed a Registration Statement on Form S-1 (the Registration Statement) with the Securities and Exchange Commission (the SEC) for an initial public offering (the IPO) of Class A shares representing limited partner interests in 8point3 Energy Partners (the shares).
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