Best of 2007 Alternative Energy news, Renewable Power year in review

Here are a few stories and posts regarding alternative energy investing, Middle east peace, solar energy technology and renewable power stocks in 2007:

Solar Electricity generation in Africa prevent global warming


Green Power investing spurred by new alternative energy mutual funds


World’s biggest solar electricity farm to be built in California


Greenedia.com; guide to environmental, ethical and progressive media

Clean Energy Funds the heart of Socially Responsible Investments / Ethical Investing

Bill Clinton Foundation provides solar energy for 40 medical facilities in Tanzania

Global Renewable Energy Fund partnering with many companies and nations

Richard Branson's Virgin and Gemini Israel Fund investing in Metrolight


California solar thermal project world's largest


Directory of renewable power websites, alternative energy and ecology blogs


Low Temperature Geothermal subdivision built in Ontario

SolarIntell.com - New site for alternative energy investing information


LDK and Q-Cells ink 10-year polysilicon solar wafer deal


North African and Middle East solar energy, Wind from Atlantic may power a cleaner Europe

Guide to Best Renewable Energy Websites, Alternative Energy Investing

Asian Development Bank report: Asian Water Crisis

Best Geothermal Energy Investing Websites and Blogs

Israelis and Palestinians agree to peace talks, discuss creating Palestinian State

AES Corp (AES) to buy 52 large 3 megawatt turbines from Vestas (VWSYF)

STOCKHOLM -(Dow Jones)- Vestas Winds Systems A/S (VWSYF) Thursday said it has received an order from the AES Corporation (AES) for delivery of 52 units of the V90-3.0 MW wind turbine.

It said the contract includes delivery, installation and commissioning of the turbines, as well as a five-year service and maintenance agreement.

Delivery is scheduled to start in the fourth quarter of 2008, and the project will be completed by the end of 2009.

Vestas said AES one of the world's largest global power companies. AES entered the wind generation business in 2004, and Thursday operates 1,000 MW of wind projects and has 4,000 MW of wind projects in various stages of development worldwide.

"We are proud that AES has chosen Vestas as its partner for this large wind energy project, and we look forward to continuing our fruitful cooperation with them," said Hans Joern Rieks, President of Vestas Central Europe A/S. It said the above order doesn't affect the Vestas Group's expectations for 2007 and 2008.


Check also: Online Guide to Wind Energy Investing

Richard Branson's Virgin Fuels and Gemini Israel Fund invest in Metrolight

Virgin Fuels invests $9M in Metrolight

from Tech Confidential Blog

Biofuels developers are getting the lion's share of Virgin Group Ltd.'s $400 million alternative energy fund, but a small serving is going to a company that makes energy-efficient lighting technology. Metrolight Inc. announced Thursday that it has secured an investment of $9 million, led by Virgin Fuels and Gemini Israel Funds, with participation from Israel Cleantech Ventures and Altshuler Shaham. "Inefficient lighting is one of the largest sources of energy waste," says Virgin Group's Richard Branson. "Through Virgin Fuels, we invest in companies such as Metrolight that help reduce greenhouse gas emissions and substantially improve energy efficiency around the world."

Tech Confidential is following Virgin Fuels' investments closely, reporting last month that biofuel developer Gevo Inc. obtained Series B funding from Khosla Ventures and Virgin Fuels. Exact figures were not made public, but Gevo CEO Patrick Gruber characterized the deal as under $10 million.

Previously, Branson's cleantech VC arm had invested roughly $160 million in ethanol maker Cilion Inc., in which Khosla also invests. And Virgin Fuels has formed a joint venture called VBC LLC, or Virgin Bioverda, with Irish firm Bioverda, a division of NTR plc, to invest $336 million in ethanol plants in the Midwest. The collaboration includes Bioverda's investments in Ethanol Grain Processors LLC and Indiana Bio-Energy LLC.

Windpower Investing Blog

Canada's Skypower.com an emerging wind power

Company: SkyPower is the leading independant renewable energy developer in Canada, and possesses proven expertise in developing, building and managing large-scale wind and solar power projects. SkyPower has developed a national footprint, with interests in over 50 renewable power projects at various stages of development in 8 provinces in Canada and select US states, representing over 7000 MW of potential energy. Recently SkyPower has expanded its reach into the international energy market and is helping countries meet their surging power demands through renewable energy solutions.


Mission: To meet the growing worldwide demand for power by creating commercially viable renewable energy solutions.

Core Values:

Social Responsibility: Renewable power projects that promote regional economic development and local partnerships that give back to the community.

Ecological Integrity: Developing renewable power resources to mitigate the negative environmental impacts of electricity generation using fossil fuels.

Commercial Viability: A business model that creates win-win economics for all project partners.

Key strengths and attributes that differentiate SkyPower from other renewable power developers in Canada:

Strong Board: bring exemplary financial acumen and over 60 years of combined experience managing and building projects.

Strong Partnerships:

Strong financial partnerships allow competitive access to capital
Industrial partnerships support advocacy and sector development
First Nations, Tribal and rural landowner partnerships respect local culture, develop community benefits

National Team + Local Representation: collective experience supports good people who possess on-the-ground connectivity

Full service: acquisition, development, ownership and operation under one roof
Legitimacy: Established in 2004, SkyPower has grown to include 30 employees, with over 50 projects in development representing over 7000 MW of renewable energy. Our organizational growth trajectory speaks for itself.

Capacity: developing the largest wind park in Canada, moving into the international market

Truly Green: 100% renewable power projects

Wind Energy

Most of the wind power currently generated in Canada, and around the world, is generated by wind turbines arranged in large-scale arrays covering many acres of land with strong wind resources. These large scale projects, called wind parks, can generate hundreds of megawatts of renewable power without generating greenhouse gasses, airborne or waterborne pollutants or radioactive waste. Prior to construction, wind park developers must complete comprehensive Environmental Assessments that ensure the wind park does not interfere with the welfare of local wildlife and migratory bird populations.

Well-designed, efficient large-scale wind farms benefit from several economies of scale:

Ensure adequate flow of wind available to all Wind Turbines
Increase array efficiency leading to optimized power generation
Minimize power transmission line losses
Include 24-hour on-site monitoring & control
Increase Return on Investment
An example of a wind park project is SkyPower’s Terrawinds Wind Farm in Riviere de Loup, Quebec. When completed, Terrawinds will be one of the largest wind parks in Canada, consisting of up to 114 turbines that will collectively generate over 200 MW of green power, enough to power over 80,000 Canadian homes.

Small Wind Farms


Small wind farms (under 10 MW) are renewable energy projects that are designed to be in scale with the local community, for example in more densely populated areas or urban locations. Small wind farms can generate enough power for up to 4500 homes. The distributed power generated by small wind farms create a more resilient local power grid and reduce the chances of brown-outs for the community in which they are located. Distributed power is also more efficient, minimizing power transmission line losses by travelling shorter distances from point of generation (wind farm) to point of use (the local community).

For more information about the benefits of wind power, visit the Canadian Wind Energy Association website (www.canwea.ca).


Solar Energy

Solar Parks


Solar parks consist of large arrays of solar photovoltaic (PV) panels that collect solar power from the sun which is transformed it into electricity for the local power grid. Solar parks of up to 10 MW generally consist of a minimum of 100 acres of land upon which PV panels are mounted on racks in flat, unobstructed locations that possess strong solar resources and good soil for foundations.

Solar parks have been successfully developed in markets such as Germany and Portugal where government and local power utilities have provided appropriate market signals and programs. In 2006, the Ontario Power Authority introduced the Standard Offer Program (SOP), creating a market for solar-generated power in Ontario. The guaranteed price of 42¢/kWhr for up to 10 MW of PV-generated electricity necessitates taking advantage of economies of scale when developing a solar park project. In response to the SOP, SkyPower has developed a pioneering partnership with SunEdison, a union which allows the development of financially viable solar park projects in Ontario under SOP pricing.

In addition to the environmental, social and economic benefits of solar park projects, SkyPower is committed to stimulate the overall growth and success of the PV industry in Canada as part of the company’s strategy to combat climate change. SkyPower has over 20 sun park projects in various stages of development across the country.

For more information about the benefits of Solar power, visit the Canadian Solar Industries Association website (www.canSIA.ca).

Solar Roof Tops


Solar roof top projects take advantage of the wealth of unused real estate on the roof of urban markets, installing photovoltaic (PV) panels to harness the energy of the sun and transform it into electricity for the power grid. In order to take advantage of Ontario’s Standard Offer Program (SOP) and a guaranteed price of 42¢/kWhr for solar power, rooftops of 100,000 ft² can be considered for solar rooftop installations.

If your organization is interested in exploring the potential of a solar roof top to address climate change and emission reduction targets, contact SkyPower’s Business Energy Solutions department.

Check the Natural Resources Canada Canadian Solar Radiation map to see the solar power capacity in your region.

also check out:

Clean Energy Blog

Canadian Wind Energy consolidating amid takeovers

Caught in the winds of change

story from: http://www.theglobeandmail.com/servlet/story/LAC.20061020.RWIND20/TPStory/Business?pageRequested=all&print=true

Canada's highly fragmented windpower business is being swept up in a global consolidation, RICHARD BLACKWELL of Toronto's Globe and Mail writes

The consolidation of Canada's wind power business is under way.

With two takeover deals in the past 10 days, the industry is following the model taken by its more mature counterparts elsewhere in the world, where big, well-financed players predominate.

Just last week, Canadian Hydro Developers Inc. agreed to pay $6.3-million for Vector Wind Energy Inc., a small firm listed on the TSX Venture Exchange. And yesterday, Toronto wind farm developer Gale Force Energy Ltd. announced a takeover by an Irish-based multinational wind power firm, Airtricity Inc.

With big wind projects eating up considerable amounts of capital, and some provinces specifying that only well-financed companies will get electricity contracts, much of the industry is expected to end up in the hands of big energy firms and power utilities. Some wind assets may be held by income trusts that spin off to investors the steady cash flow that comes from generating power.

Print Edition - Section Front
Enlarge Image

More Business Stories
Google blows past its rivals
Ottawa's emissions stance gets thumbs-up
TV Guide zaps paper edition
Economic headwinds greater than feared: Dodge
A record day (again)
DIVIDENDS
Go to the Business section
Canada's wind energy business -- now fractured among players ranging from small entrepreneurs to energy giants -- is almost certain to evolve in a similar fashion to Europe and the U.S., where the wind sector has already consolidated dramatically, said Josh McGee, an analyst at Emerging Energy Research, a worldwide consulting firm based in Cambridge, Mass.

"Wind power globally has gone from being a kind of boutique, idealistic, source [of power] to a real competitor that requires scaling, a large in-house balance sheet, and in-house expertise on project management," he said.

In the U.S., large energy companies and financial players have snapped up most small wind power producers, and in Europe "there are only large transnational wind development companies left that are competing in the [large] markets," Mr. McGee said.

Currently, the Canadian industry is highly fragmented, with players that include private companies (such as SkyPower Corp.), publicly traded ventures (Canadian Hydro Developers), energy giants (Suncor Energy Inc.) and utilities (SaskPower).

Over the past few years, several dozen wind power projects have been built Canada, in all provinces except British Columbia. They range from huge wind farms with dozens of turbines to tiny single-turbine operations. Currently, Alberta has the biggest installed base with about 285 megawatts of wind on-stream, followed closely by Ontario and Quebec.

According to the Canadian Wind Energy Association, Canada passed the 1,000-MW mark in wind energy production in June, putting us among the top dozen producers worldwide. But we're nowhere near the world leaders -- Germany and Spain have more than 18,000 MW and 10,000 MW in production, respectively.

In Canada, wind fulfills only about half a per cent of our electricity demand, compared with Denmark, which generates almost 20 per cent of its electricity from wind.

Still, the Canadian industry is expanding rapidly, with several new projects soon to link to the power grids and dozens more in the planning stages. The burst of activity has been ignited by provincial governments, many of which have set wind energy targets, then used competitive tendering processes to choose suppliers.

Ottawa has also helped boost the industry through the Wind Power Production Incentive -- essentially a subsidy that pays wind power producers about 1 cent for each kilowatt-hour they produce. The WPPI is currently in limbo under the Conservative government, however, and the wind industry is holding its breath to see how it fares in the ongoing environmental policy revisions.

There has been a smattering of mergers in the Canadian wind businesses in past years. In 2002, Alberta power firm TransAlta Corp. bought Vision Quest Windelectric Inc., at the time the country's second-biggest wind energy producer. Then, in 2004, TransCanada Corp. bought 50 per cent of Cartier Wind Energy Inc., one of Quebec's major wind power firms, and in 2005 boosted its stake to 62 per cent.

But the demands for capital inherent in the wind energy business are likely to push many more firms together in the coming months and years.

"I think what you're going to see ultimately is fewer companies," said Stephen Probyn, chief executive officer of the Clean Power Income Fund, an investment trust that owns the recently opened 99-MW Erie Shores wind farm in Ontario. "The privately financed entrepreneurial companies will either evolve . . . so they have access to capital, or they'll get consolidated."

Foreign wind energy giants -- seeing the Canadian market in a fast-growing phase that mirrors where Europe was 10 years ago -- will likely be among those buying up smaller Canadian wind industry players or joining Canadian joint ventures. There have already been a few international forays into the Canadian market, before Airtricity's purchase of Gale Force:

Spanish wind giant Acciona is a partner with Suncor and Enbridge in several projects, including the soon-to-open 30-MW Chin Chute wind farm in Southern Alberta.

This summer German financier HSH Nordbank AG, a big investor in energy projects, bought a minority stake in private Toronto wind farm developer SkyPower Corp.

British-based Renewable Energy Generation Ltd. paid $29.1-million for AIM PowerGen Corp., an Ontario developer that has projects planned in six provinces.

North Dakota-based heavy steel fabricator DMI Industries has opened a wind-tower manufacturing plant in Fort Erie, Ont.

"Outside entities have begun to realize that Canada is going to be a very good market for wind power," Mr. Probyn said, particularly with government incentives making the economics of the business more favourable. " I think you'll see more foreign entrants into Canada."

While there will likely be fewer players fighting for the big wind farm contracts over the next few years, there will still be room for some very small players, said Robert Hornung, president of the Canadian Wind Energy Association.

"[The provinces have] a growing interest in developing small-scale wind energy projects of one or two turbines," he said. Nova Scotia, for example, has awarded about a dozen contracts for projects of 2 MW or less, and Ontario is going to launch a similar program for projects under 10 MW.

The idea, Mr. Hornung said, is to broaden participation by "encouraging municipalities, co-operatives, or groups of farmers to proceed with their own projects."

CANADA'S TOP WIND POWER PLAYERS

TransAlta Corp. The Alberta-based power generation firm has three wind farms in southern Alberta, operated through its VisionQuest subsidiary, that now generate almost 200 megawatts of power. It has proposed several new wind farms in Ontario.

SaskPower The provincial government-owned utility this year opened its 150-MW Centennial wind farm near Swift Current, the biggest operating wind facility in Canada. SaskPower also has another 11-MW wind plant in southeastern Saskatchewan.

Canadian Hydro Developers Inc. This TSX-listed firm, which also runs hydro and biomass plants, has three wind power operations in southwestern Alberta that generate almost 50 MW of electricity, and it recently opened the 68 MW Melancthon wind farm in Ontario. Several others are in development.

Axor Group Inc. The Montreal engineering firm built Canada's first large-scale wind farm, the 100-MW Le Nordais project in Quebec's Gaspésie region.

Clean Power Income Fund An investment trust that holds biomass and hydro power assets in Canada and the U.S., and owns the recently opened 99-MW Erie Shores wind farm in Ontario.

Nexen Inc. This Calgary-based energy firm is completing a 70.5-MW wind farm near Fort McLeod, Alta., with partner GW Power Corp.

Algonquin Power Income Fund This investment trust owns several power-generating facilities, and recently bought all the units of AirSource Power Income Fund, a Manitoba-based limited partnership with a 100-MW wind farm near St. Leon, Man.

Northland Power Income Fund An independent power producer that owns the 54-MW Mont Miller wind farm in the Gaspésie region of Quebec.

Brookfield Power The power generating and distribution arm of Brookfield Asset Management Inc. is completing a 189-MW wind farm near Sault Ste. Marie, Ont. About 99 MW have recently been connected to the Ontario power grid.

Creststreet Power and Income Fund This investment trust owns and operates a 54-MW Mount Copper wind project in Quebec and a 30-MW Pubnico Point wind farm in Nova Scotia.

Ventus Energy Inc. This Toronto company is developing projects in six provinces. It recently began construction of a wind farm in Prince Edward Island.

SkyPower Corp. A Toronto-based private company that has several wind and solar projects planned across the country. Its first will open soon near Rivière-du-Loup, Que.

Epcor Utilities Inc. The Edmonton-based natural gas, power and water company opened the 40-MW Kingsbridge Wind Power Project on the shores of Lake Huron in Ontario this spring. A second phase will add another 160 MW.

Enbridge Inc. The income trust arm of the Calgary energy company jointly owns, along with Suncor, wind farms in Alberta and Saskatchewan that generate about 40 MW of power. It also has plans for a 200-MW Ontario wind farm on the shore of Lake Huron, although the project has been delayed because of snags in the approval process.

TransCanada Corp. The Calgary-based energy infrastructure firm owns 62 per cent of Cartier Wind Energy Inc., which has been awarded six major projects by Hydro-Québec. The first, the 110-MW Baie des Sables project, is expected to be added to the power grid by the end of this year.

Suncor Energy Inc. The big oil sands player owns wind farms in Alberta and Saskatchewan that generate about 40 MW of power, with another 30-MW Alberta project starting up this month. A 76-MW project on the shores of Lake Huron in Ontario is in the works.

-- Richard Blackwell

Wind power generation, by province (megawatts)

PROVINCE INSTALLED PROPOSED
British Columbia 0 325
Alberta 285 235
Saskatchewan 171 25
Manitoba 104 0
Ontario 221 1,059
Quebec 212 1,244
New Brunswick 0 20
Nova Scotia 41 61
Prince Edward Island 14 39
Newfoundland 1 0
Yukon 1 0

SOURCE: CDN. WIND ENERGY ASSOCIATION

Canada's installed wind power capacity (megawatts)

2000 137
2001 198
2002 236
2003 322
2004 444
2005 683
2006* 1,049

*to June 30

SOURCE: CDN. WIND ENERGY ASSOCIATION



See also:

Solar Power Investing Blog