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Invenergy Starts Commercial Operation Of 130MW Camp Springs Wind Energy Center In Texas
Chicago IL (SPX) Jul 16, 2007 Invenergy Wind has announced that its Camp Springs Wind Energy Facility has commenced commercial operation. The 130.5 MW project is located in Scurry County just outside of Snyder, Texas and consists of 87 General Electric 1.5 sle wind turbines. Strong support from Scurry County and Western Texas College was instrumental in helping the project proceed on a fast track basis. At full capacity the facility will generate enough electricity to power 50,000 homes. All power will be sold into the ERCOT (Electric Reliability Council of Texas) wholesale market. Commodity price risk was mitigated under a long-term hedging structure that Invenergy Wind completed with Fortis Merchant and Private Banking, a division of Fortis. Fortis also arranged and provided construction financing for the facility. The initial development work for the project was completed by Wind Tex Energy, L.P. Along with Invenergy Wind, equity investment was provided by affiliates of JPMorgan, Northwestern Mutual, Prudential Capital Group and Wells Fargo. Over the past three years, Invenergy Wind has completed development and construction of 686 MW of wind energy facilities with capital costs of $1.1 billion. This includes projects in Colorado, Montana, Idaho, Tennessee, Iowa, Oklahoma, and Texas as well as projects in Europe. Invenergy Wind has released construction on a further 320 MW of wind energy projects so far in 2007. Wind energy projects completed and under construction by Invenergy Wind in North America and Europe are expected to generate more than three billion kilowatt hours of electricity per year with clean and renewable generation technology. Community Email This Article Comment On This Article Related Links Invenergy Wind Powering The World in the 21st Century at Energy-Daily.com
Eco-Architecture Takes Root In Thailand
Bangkok (AFP) July 16, 2007Soontorn Boonyatikarn is a man of the times, throwing around terms like "eco-design" as he enthuses about the charcoal water recycling system at the Bangkok home he designed for his family two years ago. His Bio-Solar House -- designed not only to be energy efficient but to produce energy -- was inspired by the humble mango tree, echoing the ideas of some of the brightest international names working in eco-architecture today. |
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