Selling power back to the grid becoming more viable in Tennessee, a new wind plant bringing more jobs to Arkansas, and a new survey shows OPEC’s monthly crude oil production dropping 80,000 barrels per day.
In an effort to incentivize mid-size renewable energy generators to sell their power back to the grid, the Tennessee Valley Authority has decided to develop the TVA Renewable Standard Offer. The new program will allow wind, solar and biomass energy generators that create between 201 KW and 20 MW of electricity to enter into long-term price contracts with TVA. And the generator will receive a set price from TVA which will be determined by the time of day that the power is purchased. Please visit www.tva.com/renewablestandardoffer to learn more about the TVA Renewable Standard Offer program.
Fort Smith, Arkansas is going to become the beneficiary of a new 200,000 square foot wind turbine facility. Mitsubishi Power Systems Americas, Inc. last week began the development of a $100 million wind turbine nacelle manufacturing plant in Fort Smith. For Mitsubishi this will be the first nacelle facility that will be located outside of Japan. Here’s some help for those who are unclear of the nacelle’s function in the turbine. This integral system is located at the top of the turbine’s tower and is comprised of the turbine’s rotor axis, generator, multiplying gearbox, control system and electrical equipment. The new plant is expected at add 330 jobs to the work force and be up and running towards the end of 2011.
According to a recently released report from Platts, OPEC’s crude oil production dropped 80,000 barrels from August to September. The survey showed that the 12-member conglomerate averaged 29.03 million barrels per day in September, compared to an estimated 29.11 million barrels per day in August. The survey cites maintenance-related issues in Angola as key reason for the decrease in production. For additional information about the Platts survey, visit www.platts.com.
Tags: Arkansas, biomass, crude oil, daily energy news, daily energy report, Electricity, energy news, energy report, Fort Smith, Japan, megawatt, Mitsubishi, oil barrel, OPEC, Platts, renewable energy, solar, Tennessee Valley Authority, TVA, TVA Renewable Standard Offer, wind turbine, wind turbine facility