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power plant

HelioFocus Raises $10M From China’s Sanhua and IC Green Energy

HelioFocus Ltd., an Israel-based solar thermal systems start-up, has raised more than $10 million from China’s Zhejiang Sanhua Co. and existing investor IC Green Energy.

HelioFocus announced the investment last week at the Weizmann Institute of Science in Rehovot, Israel, where HelioFocus is developing its solar thermal technology to boost electricity production of existing power plants.

HelioFocus CEO Ory Zik said Sanhua, the Chinese maker of appliance components whose stock is traded on the Shenzhen stock exchange, would be not just a financial investor in the company, but will also produce some solar thermal components.

01/11/2010 0 comment

Renewable Energy

Duke Energy Resolves Clean Air Act Violations

written by Environmental News Network

The US EPA and Duke Energy have reached a settlement in another New Source Review enforcement action.

Duke Energy, one of the largest electric power companies in the nation, will spend approximately $85 million to significantly reduce harmful air pollution at an Indiana power plant and pay a $1.75 million civil penalty, under a settlement to resolve violations of federal clean air laws, the Justice Department and the U.S. Environmental Protection Agency (EPA) announced today. The settlement also requires Duke to spend $6.25 million on environmental mitigation projects.

The agreement, filed in federal court in Indianapolis, resolves violations of the Clean Air Act’s new source review requirements found at the company’s Gallagher coal-fired power plant in New Albany, Ind., located directly across the Ohio River from Louisville, Ky.

12/23/2009 0 comment

Renewable Energy

China and First Solar Sign Accord for Major Solar Plant

written by Ceylan Thomson

U.S.-based First Solar has signed an agreement with the Chinese government to build the world’s largest photovoltaic power plant in Inner Mongolia. By 2019, the plant is expected to produce 2,000 megawatts of electricity, which the company said would be sufficient to power three million Chinese homes.

The deal for the 16,000-acre plant, to be located in Ordos City, solidifies China’s position as the global leader in developing renewable energy, and further boosts the prospects of First Solar, the world’s largest photovoltaic cell manufacturer.

09/10/2009 3 comments

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