CORAL SPRINGS, Florida, January 27, 2015 /PRNewswire/ --
A few Industry Analysts believe Solar & Wind power are expected to yield cheapest energy as global economies look for profitable considerations for a switch to renewable energy in the next five to ten years. Diversified Energy Companies in focus to today are: Atlantic Wind & Solar (OTC: AWSL), FuelCell Energy Inc. (NASDAQ: FCEL), NextEra Energy Partners, LP (NYSE: NEP), Calpine Corp. (NYSE: CPN) and Southern Company (NYSE: SO).
Atlantic Wind & Solar (OTC: AWSL) records 19th consecutive quarter of improvement, 3rd consecutive profitable quarter, and updates shareholders - Sales for AWSL continued to climb with gross sales for the quarter at $2,073,468 equating to $5,488,588 for the first 9 months of 2014. The sales are almost double the same period in 2013. Profitability continued reporting $971,594 for the first 9 months or $.021 per share - up substantially from the previous year's losses. With the completion of more projects in the quarter a significant percentage of the payables and receivables have now been settled with more set for Q4 / Q1.
Read the full AWSL Press Release at: http://www.financialnewsmedia.com/profiles/awsl.html
Atlantic Solar has continued to develop a number of projects in Ontario, Canada with 9 projects connected to the grid and now supplying power to the Ontario Power Authority. As part of a solar development contract a number of these projects were purchased and are now owned and operated by an Ontario municipality. "There is a very strong demand for completed projects in Ontario." says Chairman Gilles Trahan. "There is much less appetite for the time and work that goes into developing these projects from scratch. Atlantic continues to see an opportunity in having a presence in Ontario coupled with a patient understanding of the process."
Atlantic has signed a Letter of intent to sell its interest in its 20 MW Lagarto project in South America. Under the terms of the agreement, Atlantic would earn a one-time developer fee plus a gross production royalty that would result in over 15 years of cash flow. Management expects to report similarly positive results and to move these projects, as well as new ones, forward over the balance of the year. Visit the company's web site at: http://www.atlanticwindandsolar.com.
In other Diversified/Energy Utilities News and Happenings: FuelCell Energy Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, recognized the performance achievements of the 14.9 megawatt Dominion fuel cell park in Bridgeport, Connecticut, as the installation reached its one year anniversary of operation. The fuel cell park, owned by Dominion (D), consists of five Direct FuelCell(R) (DFC(R)) power plants, manufactured and installed by FuelCell Energy, that supply Class I renewable power to the electric grid under a 15 year energy purchase agreement. Additionally, the heat from the five power plants is recovered and converted into additional electricity, increasing the efficiency of the installation. FuelCell Energy operates and maintains the plants under a long term service agreement and continues to meet all contracted output requirements with availability of the fuel cell park in excess of 95 percent. "We are very pleased with the performance of the Bridgeport fuel cell park," said John Smatlak, Vice President of Power Generation Technical Services for Dominion. "In addition to consistently meeting power output requirements since its operation date, the installation continues to achieve availability that is comparable to the best performing units in our power generation fleet, including our Millstone nuclear power station in Waterford, Connecticut."
NextEra Energy Partners, LP (NYSE: NEP) announced that it plans to report fourth-quarter and full-year 2014 financial results before the opening of the New York Stock Exchange on Tuesday, Jan. 27, 2015, in a news release to be posted on its website at http://www.NextEraEnergyPartners.com/Earnings. An advisory news release will be issued over PR Newswire the morning of Jan. 27, with a link to the financial results news release on NextEra Energy Partners' website. As previously announced, NextEra Energy Partners will make available its financial results only on its website. Jim Robo, chairman and chief executive officer of NextEra Energy Partners, Moray Dewhurst, chief financial officer of NextEra Energy Partners, and other members of the senior management team will discuss the fourth-quarter and full-year 2014 financial results during an investor presentation to be webcast live, beginning at 9 a.m. ET on Jan. 27.
Calpine Corp. (NYSE: CPN) recently completed the acquisition of a natural gas-fired, combined-cycle power plant located in North Weymouth, Massachusetts, 12 miles southeast of Boston. Calpine purchased the plant, which has a nameplate generating capacity of 809 megawatts, from Exelon Corporation for $530 million plus adjustments, or approximately $655 per kilowatt. The transaction was funded with cash on hand, which Calpine expects to replenish through a financing later this year. "We are pleased to strategically increase our presence in the competitive New England power market through the purchase of this modern and efficient power plant. With its dual-fuel capability, Fore River Energy Center furthers Calpine's goals to support reliability and enhance shareholder value," said Calpine's President and Chief Executive Officer Thad Hill. "I am also pleased to welcome the capable and dedicated new employees at Fore River to the Calpine team."
Southern Company (NYSE: SO) news: HelioSage Energy, a national developer of utility scale solar projects, and Gulf Power Company, a Florida investor-owned electric utility and subsidiary of Southern Company (NYSE: SO), have announced the development of three large-scale solar projects across Northwest Florida totaling 120 megawatts (MW). Gulf Power and HelioSage have partnered with the U.S. Air Force and U.S. Navy to develop the solar facilities on three military sites along the Florida Gulf Coast. Once constructed, the projects will serve as the three largest photovoltaic (PV) solar facilities in Florida, and among the largest solar projects east of the Mississippi. "This is an important collaboration between Gulf Power, the Navy, the Air Force, and HelioSage," said Stan Connally, Gulf Power President and CEO. "We're excited to be able to add solar energy to our generation mix. With some careful planning, we've been able to make sure these projects are cost-effective for our customers."
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