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Ormat Signs Two 20-Year Power Purchase Agreements

Two Ormat Technologies, Inc. subsidiaries have each signed a 20-year Power Purchase Agreement (PPA) with Nevada Power Company, a subsidiary of Sierra Pacific Resources, for the sale of energy to be produced from the Carson Lake (near Fallon) and Buffalo Valley Power Plants, two new geothermal power plants to be built in Lander and Churchill Counties in northern Nevada. The PPAs are subject to the approvals of the Public Utilities Commission of Nevada and FERC. The Carson Lake and Buffalo Valley projects are both projected to come on line in late 2009. These new plants are expected to increase the total output supplied from Ormat to Sierra Pacific Resources by between 36 and 60 megawatts (MWs). These agreements are the eleventh and twelfth PPAs between Ormat and Sierra Pacific Resources, and the fifth and sixth executed since the enactment of Nevada’s aggressive renewable portfolio standard legislation in 2001, which requires up to 20 percent of all electricity generated in Nevada be derived from new renewable energy sources by the end of 2015. The Nevada RPS will be phased in over several years. These two new PPA’s will help Sierra to meet the interim commitment that requires up to 12% of […]

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SunOpta Sells System to Celunol

SunOpta Inc. (Nasdaq:STKL; TSX:SOY) has sold a continuous process system, including SunOpta’s patented and proprietary biomass conversion technology, to Celunol (formerly BC International) for Celunol’s cellulosic ethanol commercial demonstration facility in Jennings, Louisiana. Terms of the sale were not disclosed. The SunOpta Bioprocess Group has been designing, building, and optimizing biomass conversion plants for over thirty years. End products include cellulosic ethanol, cellulosic butanol, xylitol, and dietary fibre for human consumption. Raw materials include wheat straw, corn stover, grasses, oat hulls, wood chips, and sugarcane bagasse. Celunol Corp. is a privately held company headquartered in Dedham, Massachusetts moving rapidly to commercialize its proprietary technology for producing ethanol from a wide array of cellulosic biomass feedstocks–including bagasse, agricultural waste, wood products and dedicated energy crops. The company is currently completing an expansion of its existing pilot facility and is moving forward to construct a demonstration plant based on its technology later this year. Celunol aspires to develop and build a portfolio of ethanol facilities in the U.S. and abroad. Shareholders in the company include Braemar Energy Ventures, Charles River Ventures, Khosla Ventures, and Rho Capital Partners. Murray Burke, VP and General Manager of SunOpta’s BioProcess Group, commented, “The combination of SunOpta […]

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