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EnerDynamic Hybrid Technologies Corp. (formerly MCM Capital One Inc.) (“EHT” or the “Company”) (TSX-V: EHT) is pleased to announce that it is currently in negotiations to acquire a number of solar energy projects that are backed by long-term power purchase agreements. In total the projects are more than 50 Megawatts (50,000 Kilowatts) in size and, once fully operational, would collectively generate in excess of $16 Million CDN in annual recurring revenue. The long-term power purchase agreements are under the Ontario Feed-in-Tariff (“FIT”) program and/or similar contracts under similar programs outside of Ontario, permitting the holder of any such contract to [...]
Tue, Sep 16, 2014, Continue reading at the source
New Generation Power International, a leading global renewable energy company, will develop three 11.5 Megawatt (MW) wood biomass plants in Japan. Together, Chicago-based New Generation Power International (NGPI) and Nippon Energy Solution, Inc. (NES) will launch a new wood-based biomass energy generation venture that will construct three separate facilities located in the Japanese regions of Miyazaki and Kagoshima. Expected to break ground around April 2015, the project will be capable of generating 248 GWh of electricity annually, the equivalent of powering 44,000 households and cost an estimated $169.67 million USD. With a strong presence throughout Japan and a robust relationship with the local [...]
Tue, Sep 16, 2014, Continue reading at the source
Ontario, Canada, is now home to North America's largest power plant fueled completely by biomass. The Atikokan Generating Station conversion is complete and the station is now generating electricity and helping meet local power needs in northwestern Ontario. Atikokan Generating Station, which employs 70 full-time workers, burned its last coal two years ago on Sept. 11, 2012. Conversion of the station began in mid-2012 and included construction of two silos and boiler modifications to accommodate the biomass. The project employed more than 200 highly skilled trades people and technical workers. A coal-free energy mix will lead to a significant reduction in harmful [...]
Tue, Sep 16, 2014, Continue reading at the source