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Comanche Solar Project
The Comanche Solar Project is a 120 megawatt ( MWAC) photovoltaic power station near the city of Pueblo, Colorado. It became the largest solar facility in the state when it came online in late 2016. The electricity is being sold to Public Service of Colorado, a subsidiary of Xcel Energy, under a 25-year power purchase agreement (PPA). Xcel determined through an open bid process that the PPA's terms were competitive with natural gas. Construction details The project occupies a total of about 900 acres split into two parcels that are adjacent to the coal-fired Comanche Generating Station; thus providing access to existing high-capacity substation and transmission infrastructure. It uses 502,056 Trina Solar polycrystalline silicon panels that are mounted in rows and onto single-axis trackers. The rows are organized into 75 blocks, and the electricity produced from each block is connected to the electric grid through an inverter built by TMEIC. In early 2015, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pueblo, Colorado
Pueblo () is a List of municipalities in Colorado#Home rule municipality, home rule municipality that is the county seat and the List of municipalities in Colorado, most populous municipality of Pueblo County, Colorado, Pueblo County, Colorado, United States. The city population was 111,876 at the 2020 United States Census, making Pueblo the List of municipalities in Colorado, ninth most populous city in Colorado. Pueblo is the principal city of the Pueblo, CO Metropolitan Statistical Area and a major city of the Front Range Urban Corridor. Pueblo is situated at the confluence of the Arkansas River and Fountain Creek, south of the Colorado State Capitol in Denver. The area is considered semi-arid desert land, with approximately of precipitation annually. With its location in the "Banana Belt", Pueblo tends to get less snow than the other major cities in Colorado. Pueblo is one of the largest steel-producing cities in the United States, for which reason Pueblo is referred to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inverter
A power inverter, inverter or invertor is a power electronic device or circuitry that changes direct current (DC) to alternating current (AC). The resulting AC frequency obtained depends on the particular device employed. Inverters do the opposite of rectifiers which were originally large electromechanical devices converting AC to DC. The input voltage, output voltage and frequency, and overall power handling depend on the design of the specific device or circuitry. The inverter does not produce any power; the power is provided by the DC source. A power inverter can be entirely electronic or may be a combination of mechanical effects (such as a rotary apparatus) and electronic circuitry. Static inverters do not use moving parts in the conversion process. Power inverters are primarily used in electrical power applications where high currents and voltages are present; circuits that perform the same function for electronic signals, which usually have very low currents and vol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debtor-in-possession Financing
Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law (such as Chapter 11 bankruptcy in the US or CCAA in Canada). Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company — violating any ''absolute priority rule'' by placing the new financing ahead of a company's existing debts for payment. DIP financing may be used to keep a business operating until it can be sold as a going concern, if this is likely to provide a greater return to creditors than the firm's closure and a liquidation of assets. It may also give a troubled company a new start, albeit under strict conditions. In this case, "debtor in possession" financing refers to debt incurred while in bankruptcy, and "exit financing" is debt incurred upon emerging from reorganisation under bankruptcy law. Examples Two notable examples are the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield Co
A yield co or yieldco is a company that is formed to own operating assets that produce a predictable cash flow, primarily through long term contracts. Separating volatile activities (such as development, R&D, construction) from stable activities of operating assets can lower the cost of capitalSee the transcript of a panel discussion with Lyndon Rive, CEO of SolarCity, Bob Hemphill, CEO of Silver Ridge Power (formerly known as AES Solar), Jeff Eckel, CEO of Hannon Armstrong Sustainable Infrastructure, Ed Fenster, co-CEO of Sunrun, and Carl Weatherley-White, CFO of K Road Power. Moderated by Keith Martin. Yield cos are expected to pay a major portion of their earnings in dividends, which may be a valuable source of funding for parent companies which own a sizeable stake. Yield cos are commonly used in the energy industry, particularly in renewable energy to protect investors against regulatory changes. They serve the same purpose as master limited partnerships (MLPs) and real estat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Right Of First Refusal
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party or buyer, and the option holder. In general, the owner must make the same offer to the option holder ''before'' making the offer to the buyer. The right of first refusal is similar in concept to a call option. An ROFR can cover almost any sort of asset, including real estate, personal property, a patent license, a screenplay, or an interest in a business. It might also cover business transactions that are not strictly assets, such as the right to enter a joint venture or distribution arrangement. In entertainment, a right of first refusal on a concept or a screenplay would give the holder the right to make that movie first while in real ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warehouse Line Of Credit
{{Technical, date=July 2015 A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from the property buyer. Then the loan originator secures an investor (often a large institutional bank) to whom the loan will be sold, whether directly or through a securitization. This decision is generally based on an institutional investor's published rates for various types of mortgage loans, while the selection of a warehouse lender for a particular loan may vary based on the types of loan products allowed by the warehouse provider or investors in the loan approved by the warehouse lender to be on the line of credit. After an investor has been selected, the mortgage banker draws on the warehouse line of credit to fund a mortgage and sends the loan documentation to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Purpose Entity
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality". Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk. SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district. Round-tripping is one such strategy. In addition, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balance Of System
The balance of system (BOS) encompasses all components of a photovoltaic system other than the photovoltaic panels. This includes wiring, switches, a mounting system, one or many solar inverters, a battery bank and battery charger. Other optional components include renewable energy credit revenue-grade meter, maximum power point tracker (MPPT), GPS solar tracker, Energy management software, solar concentrators, solar irradiance sensors, anemometer, or task-specific accessories designed to meet specialized requirements for a system owner. In addition, concentrated photovoltaics systems require optical lenses or mirrors and sometimes a cooling system. In addition, ground-mounted, large photovoltaic power station require equipment and facilities, such as grid connections, office facilities, and concrete. Land is sometimes included as part of the BOS as well. Balance of Plant A similar term to Balance of System is “Balance of plant (BOP)” which is generally used in the context ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broomfield, Colorado
Broomfield is a consolidated city and county located in the U.S. state of Colorado. Broomfield has a consolidated government which operates under Article XX, Sections 10-13 of the Constitution of the State of Colorado. The Broomfield population was 74,112 at the 2020 United States Census, making it the 15th most populous municipality and the 12th most populous county in Colorado. Broomfield is a part of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the Front Range Urban Corridor. History Several railroads figure in the development of this area. The Colorado Central Railroad built a narrow gauge line from Golden in 1873, the Denver, Utah and Pacific Railroad arrived in 1881, and the Denver, Marshall and Boulder Railway built a line through what would become Broomfield in 1886. The Denver, Utah and Pacific was widened to standard gauge in 1889. One of the early names for the area was Zang's Spur, after the railroad spur serving Adolph Zang's grain fiel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renewable Energy Systems
The RES Group (Renewable Energy Systems) is a global renewable energy company which has been active in the renewable energy industry for over 30 years. Its core business is to develop, construct and operate large-scale, grid-connected renewable energy projects worldwide for commercial, industrial and utility clients. RES is active in the wind (onshore and offshore wind) and solar energy sectors and is increasingly focused on the transition to a low-carbon economy providing transmission, energy storage and demand side management expertise. History Renewable Energy Systems was started in 1982 as part of the Sir Robert McAlpine group of engineering and construction companies. Its early years were spent in researching various designs for commercial wind turbines, including work on a vertical axis wind turbine (VAWT) model as well as the now more widely used horizontal axis (HAWT) units. The company built its first commercial wind farm at Carland Cross in Cornwall in 1992, using 15 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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