Dutch Wind Turbine Purchase Sets Record for Crowdfunding
Raising €1.3 million in just thirteen hours, 1,700 Dutch households came together and bought shares in Vestas’ V80 2 MW wind turbine, setting a new world record for crowdfunding. All 6,648 shares were sold at a share price of €200 with each share corresponding to an output of around 500 kWh/share per year. The purchase was arranged by Windcentrale, a company that promotes cooperative wind turbine purchases. The wind turbine is located in Culemborg, in the centre of the Netherlands.
Helios Halts Operations, 1SolTech Slapped with Lawsuit
Helios, a U.S.-based solar panel manufacturer, has reported laid off its remaining 24 employees and has filed for insolvency. Helios failed to make an $116,951 payment on its $1.3-million loan that was due on August 1st. In Texas, panel manufacturer 1SolTech received a temporary restraining order and lawsuit from Texas attorney general Greg Abbott for violating the Deceptive Trade Practices-Consumer Protection Act. 1SolTech allegedly purchased $2 million worth of China-made solar panels in early 2013 and sold them as their own product and marked them as “Made in the U.S.A”.
Massachusetts Utilities Sign Cheaper-Than-Coal Wind PPA
National Grid, NSTAR, Western Massachusetts Electric Co. and Unitil have filed separate documents with the Massachusetts Department of Public Utilities looking to add 565 MW of wind energy from six projects across Maine and New Hampshire. Here is how the load will be divided: 45.9 percent to National Grid, 45.4 percent to NStar, 7.7 percent to WMECO, and the remaining 1 percent to Unitil. The utilities have grouped together to purchase more wind energy at a rate averaging less than $0.08 per kWh, which beats most other generation sources.
Refurbishing to Boost Hydropower
As interest in hydropower picks up, a slew of refurbishment projects look to extend the life of existing assets as well as boost hydropower capacity worldwide. In Europe, Andritz has announced efforts to modernize 60-year-old Innertkirchen 1 and Handeck2 stations in Switzerland. While Voith, another major player in Europe, has also received an order for the refurbishment of the 80-year-old Rheinkraftwerk Albbruck-Dogern planton the German-Swiss boder. Beyond Europe, Voith is also cooking up orders for the modernization of hydro power stations in Brazil, China and Russia.