Battle River#5 Offline; Quantum JV Solar Manufacturing Plant in Canada

Battle River#5 offline at 11:30 yesterday…Vestas Wind Systems said Tuesday it will hire more than 1,000 people at three Colorado plants that manufacture wind turbine components after receiving a surge of orders for the electricity generators in the U.S. and Canada. Vestas said 850 of the jobs will be at two plants that make blades. One is already operating in Windsor and another is nearing completion in Brighton. Vestas has a second plant in Brighton that makes nacelles, housings that contain the turbine’s generator, transformer and gearbox…Quantum Fuel Systems Technologies Worldwide, Inc. announced that its German affiliate Asola, has signed a Memorandum of Understanding to establish a joint venture manufacturing plant in Ontario, Canada, to enable production and distribution of high quality solar modules in Canada. The Canadian partner, Evergreen Power Ltd., is a developer of renewable energy projects, with well-established relationships in the building industry. The planned initial production capacity is 30 MW per year of solar modules incorporating mono- and poly-crystalline silicon solar cells, with a potential to generate revenues in excess of $60 Million annually.  The joint venture company will market solar photovoltaic modules under the “Asola” brand. Quantum owns a 24.9% interest in Asola…Electricity producer Atlantic Power Corporation is investing in its first wind project, with the purchase of a 27% stake in 11 wind farms being built in Idaho. The development company is a partnership between GE Energy Financial Services, Reunion Power and the original developer of the project, Exergy Development Group. The wind developers have 20-year power purchase agreements in place to sell power to the Idaho Power Company at fixed prices.

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