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Urban Green Technologies

Digest

ABB commissions microgrid on Portuguese island; Panda orders Siemens generating units for 829-MW plant; Burlington Electric Department enters 54-MW PPA with First Wind; Tantalus and Itron contract for smart metering and smart grid system in Washington; EdF orders 220 MW of wind turbines from Vestas; MidAmerican orders 1,050 MW of wind turbines from Siemens; plus contracts and announcements from GE, PSEG, Arizona Public Service, Dominion, Entergy, Xcel, PSE&G, and others.
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Transactions (February 2014)

Fortis acquires UNS Energy for $4.3 billion; EdF sells half of Texas wind project to UBS; SunEdison sells $1.2 billion in bonds and redeems $750 million in debt; plus equity and debt transactions totaling nearly $7 billion.

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EDF Renewable Energy Closes MIPSA on Lancaster Solar Project and Commences Construction

Submitted by aburr on Tue, 2013-12-31 13:14

EDF Renewable Energy closed on the membership interest purchase and sale agreement (MIPSA) and started construction on the 5.86-MW Lancaster Solar Project. EDF Renewable Energy and Urban Green Technologies (UGT) signed the MIPSA in October 2013. The power generated will be delivered to the Town of Billerica, Massachusetts under a long-term PPA. EDF Renewable Energy will develop, own and operate the solar project with commercial operation expected in spring, 2014. EDF Renewable Energy has also executed an EPC contract with M+W U.S.