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Run of River buys Western Biomass

Run of River Power Inc. (TSXV:ROR), a B.C. hydro power developer, has reached an agreement to buy privately owned Western Biomass Power Corp. in a $2.2 million share swap deal that could help finance development of new green sources of electricity in British Columbia. Run of River will issue nearly 3.8 million shares, worth 57 cents each in today’s stock trading on the TSX Venture Exchange. Western Biomass was formed to produce power and dispose of the large biomass inventory of dead trees created by the mountain pine beetle epidemic which has devastated vast areas of pine forest in the interior of British Columbia. The transaction is a related party deal since 24.2 per cent of Western Biomass is owned by Michael Sweatman, the CFO of Run of River, and Richard Hopp, a director of the company. Western Biomass plans to build wood-fired plants using pine beetle-killed trees as well as logging and mill wastes. The first of these projects is expected to be a joint venture plant in the traditional territories of the first nations which make up the Tsilhqot’in National Government west of Williams Lake, B.C. BC Hydro plans to expand its purchase of biomass generated power. “We […]

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Scheuten Solar Signs Agreement with Wattner

Wattner AG of Cologne, Germany, and Scheuten Solar of Venlo, Netherlands, have signed a master agreement for the financing and construction of solar power plants worth 90 Mio EUR. Both companies enter an extensive cooperation with this agreement. Scheuten Solar as solar panel manufacturer and general contractor is responsible for the turnkey engineering, procurement and construction (EPC) whereas Wattner renders the project financing. “With Scheuten Solar, we ensure a high quality for our projects and secure an important strategic partner with whom we also worked very well together in the past. Scheuten, for example, delivered the solar panels for our 1,7 MegaWatts (MW) ground installation near the city of Meerane.” explains Wattner Managing Director Ulrich Uhlenhut. “A novelty of the project is its location along the Autobahn A4 on a 1.2 km sound protection wall.” The agreement between Wattner and Scheuten Solar spans six years. “We can completely focus on our technological core competencies with Wattner as investor.” says Marinus Boogert, Marketing & Sales Director of Scheuten Solar. “This master agreement with a total volume of 30MW secures us steady flow of sales over a couple of years.” Arising from the cooperation is a projects pipeline in Spain and Italy […]

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Investing in Renewable Energy

URL: http://www.washingtonpost.com/wp-dyn/content/article/2007/08/25/AR2007082500211.html?hpid=moreheadlines Website: http://www.washingtonpost.com/wp-dyn/content/article/2007/08/25/AR2007082500211.html?hpid=moreheadlines     

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DoE to Support Cellulosic Biofuels Production

The U.S. Department of Energy (DOE) has announced a Funding Opportunity Announcement (FOA) that will make available up to $33.8 million to support the development of commercially viable enzymes – a key step to enabling bio-based production of clean, renewable biofuels such as cellulosic ethanol. As part of the President’s Twenty in Ten Plan, DOE is pursuing a long-term strategy to support increased availability and cost-effective use of renewable and alternative fuels. Twenty in Ten seeks to displace 20 percent of U.S. gasoline usage by 2017 through diversification of clean energy sources and increased vehicle efficiency. “These enzyme projects will serve as catalysts to the commercial-scale viability of cellulosic ethanol, a clean source of energy to help meet President Bush’s goal of reducing our reliance on oil,” DOE Assistant Secretary Andy Karsner said. “Ethanol from new feed stocks will not only give America more efficient fuel options to help transform our transportation sector, but increasing its use will help reduce greenhouse gas emissions.” With a minimum 50 percent industry cost-share, this funding will total nearly $68 million to further enzyme commercialization efforts. By harnessing the power of enzymes, which are responsible for many of the biochemical processes in nature, biorefineries […]

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