Torresol opens world’s first utility-scale molten salt C.S.P. plant in Spain

Intro Text:
Torresol Energy, S.A. began operating the world’s first utility-scale concentrating solar power plant that uses flat heliostats and stores heat using molten salt, allowing it to sustain power through the night for around 25,000 homes in Seville, Spain. The 19.9-megawatt Gemasolar concentrating solar power plant uses 2,650 flat mirrors called heliostats arranged over 185 hectares of land to heat molten salt. The heliostats focus sunlight on a tower where liquid is heated up to 900 degrees

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World’s largest wind farm gets $ 500 million from Google, Itochu and Sumitomo

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Google and subsidiaries of two Japanese conglomerates are joining original planners Caithness Energy and G.E. as owners in what could be the world’s largest land-based wind farm. A release in GE Energy Financial Services’ Web site states that Google, Sumitomo Corporation of America and Tyr Energy, the last two being subsidiaries of Sumitomo Corporation and Itochu Corporation, respectively, are investing in the Shepherds Flat wind project being built in Arlington, Oregon.

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American Process and Cobalt Technologies to build world’s first biobutanol refinery

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American Process Incorporated and Cobalt Technologies collaborated to build the world’s first large-scale cellulosic biorefinery in Alpena, Michigan, to commercialize biobutanol. The biorefinery has received an 18 million dollar grant from the United States Department of Energy and a million grant from the state of Michigan to operate.

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World’s largest solar thermal plant gets $2.5 billion loan guarantee

Intro Text:
The United States Department of Energy pitched what could be its largest ever loan guarantee for solar energy for the first phase of a 1,000-megawatt project in the city of Blythe in California. The conditional loan guarantee the D.O.E. is offering is worth .1 billion, to be used in assembling the first half of Blythe solar thermal project in
California’s Riverside County.

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BrightSource secures fund for world’s largest solar thermal plant

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BrightSource Energy has secured the funds for the Ivanpah solar power project in California’s Mojave Desert, marked by a new federal loan and new investment from Google Inc. BrightSource secured a .6 billion loan from the United States Department
of Energy for Ivanpah, a project which consists of three utility-scale solar thermal power plants that together will make up the largest solar project of its kind in the world.

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World’s top 10 greenest banks ranked

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Bloomberg Markets Magazine ranked the world’s greenest banks for the first time and came out with a top 10 list that assessed 188 banks in 49 countries. Banco Santander, Spain’s biggest bank, got the first place for, among others, arranging green investments as large as the 4 million loan made for a United States wind project by BP and Sempra Energy in 2010.

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World’s largest wind energy center breaks ground in California

Terra-Gen Power begins construction of 3,000 MW Alta Wind Energy Center in California


By Nuel Navarrete
The Alta wind center will generate enough wind energy to sustain the electricity needs of 1.1 million people, which is roughly the equivalent of 275,000 Californian homes.

The largest wind energy project will soon rise in Kern County, California as Terra-Gen Power began construction of the 3,000-megawatt Alta Wind Energy Center.

Comprising of a portfolio of wind energy facilities, the wind center will dwarf the 781.5 MW Roscoe Wind Farm in Texas, which currently holds the record for the largest wind generating capacity in the world.

A project under the Alta wind center is the 800-MW Alta-Oak Creek Mojave project, which consists of 320 wind turbines. The wind farm is expected to be completed in early 2011.

The Alta wind center will generate enough wind energy to sustain the electricity needs of 1.1 million people, which is roughly the equivalent of 275,000 Californian homes. Southern California Edison already purchased 1,550 MW of the energy generated by the wind center under a power purchase agreement signed in 2006.

Upon completion, the project will also increase California’s installed wind energy capacity by 25 percent and will represent 10 percent of the renewable power purchases required for the state’s regulated utilities. The state’s renewable portfolio standard mandates utilities to source 33 percent of their energy supply from renewable by 2020.

Terra-Gen expects the Alta project to offset more than 52 million metric tons of carbon dioxide – the equivalent of removing 446,000 vehicles from the road – and conserve over 888 million gallons of water annually.

More than 3,000 jobs will be created during the manufacturing, construction and operational stages of the project, increasing California’s wind industry-related jobs by 20 percent. The project will also inject .2 billion in Kern County’s local economy.

“[Alta Wind Energy Center] will create a record-breaking amount of domestic wind energy, securing America’s energy independence while protecting our natural resources for future generations,” said Jim Pagano, chief executive of Terra-Gen Power.

"Having the world’s largest wind project break ground in our state is tangible evidence that our pioneering policies are drawing investment, improving the economy and creating jobs now when we need them most,” added Arnold Schwarzenegger, governor of California.

The Alta Wind Energy Center will be equipped with nearly 600 wind turbines, 190 of which will be provided by Vestas-American Wind Technology. Amounting to 570 MW of wind energy, this is the largest wind turbine order that Vestas received for a single site.

Terra-Gen already secured over .5 billion in financing for the wind project through a variety of funding efforts, including a construction financing round, a construction bridge loan facility, and ancillary credit facilities.


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