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Airtricity Expands into U.S. Energy Marketplace with $270M Wind Project

Airtricity, a leading renewable energy company, announced an initial investment in the U.S. of $270 million planned for the development of wind farms in Texas, New York and the Pacific Northwest and total investments in excess of $1.5 billion by 2010 in the North American market. Airtricity will use the initial investment to install turbines on a wind farm developed in conjunction with RGI, Inc. Located in the Abilene area, it will have an installed capacity of 125MW and will generate sufficient power to supply over 75,000 homes. The turbines will be supplied by the Siemens Wind Power company based in Florida. The other wind farms being constructed in 2006 will use wind turbines supplied by Gamesa. CEO Eddie O’Connor said, “This investment is a significant milestone for Airtricity as it comes at a time when there is limited wind energy capacity in the U.S. but growing recognition of the need to develop long-term renewable sources of energy. Over the next five years, we anticipate that growing demand for wind energy will enable our business in North America to account for nearly 50 percent of overall revenues, which will help us to become the largest private, renewable energy developer in […]

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GE Announces Plans for Largest Desalination Plant in Africa

GE Infrastructure, Water & Process Technologies, a unit of General Electric Company (NYSE:GE), joined the Algerian Government, the Overseas Private Investment Corporation, and the Algerian Energy Company (AEC), in announcing plans to build Hamma Water Desalination SpA (Hamma) — Africa’s largest seawater desalination plant. Funded by GE (70%) and AEC (30%), Hamma will be the first private desalination reverse osmosis potable water project in Algeria. The project will also be the largest membrane desalination plant in Africa, as well as one of the largest desalination plants in the entire world. OPIC, which helps U.S. businesses invest in new and emerging overseas markets, also financed $200 million towards the project. The Hamma project will supply 25% of Algeria’s capital city’s population with drinking water. By supplying 200,000 cubic meters (53 million U.S. gallons) of potable water a day and reducing energy and overall costs, the build-own-operate project will lessen Algeria’s water scarcity issues. Currently, the people of Algeria are plagued with usable water challenges that range from drinking water shortages and irregular rainfall to aging infrastructure that can cause immense losses of water. Because of the scarcity of clean water, the residents of Algiers only receive water one out of every […]

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Solar System Planned for Napa's Lake Hennessey

URL: http://www.napanews.com/templates/index.cfm?template=story_full&id=85F4F00B-F8C3-416E-85D2-432BD3CD9129 Website: http://www.napanews.com/templates/index.cfm?template=story_full&id=85F4F00B-F8C3-416E-85D2-432BD3CD9129     

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