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Japanese Company Plans To Convert California Coal Plants to Biomass

Japanese Company Plans To Convert California Coal Plants to Biomass

IHI Corp. a Japanese maker of heavy machinery, acquired as much as 50 percent stakes in five power plants in California from Exelon Corp.

IHI bought shares in three biomass power plants and two coal-fired stations, which the company plans to convert to biomass, IHI said in a statement today without disclosing any financial details.

The two coal-fired plants are Rio Bravo Jasmin and Rio Bravo Poso stations, each with a capacity of 33 megawatts, according to the statement.

The rest of the plants, all biomass, are the 25-megawatt Chinese Station, Rio Bravo Rocklin and Rio Bravo Fresno, both with 28 megawatts of capacity, the statement said.

Copyright 2012 Bloomberg

Lead image: Savannah River Site via Flickr


Stock graph

Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt

Cordell Eddings, Bloomberg Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new iss...
MIT Clean Energy Prize

MIT Clean Energy Prize Awards $400,000 to Energy Efficiency, Renewable Ventures

Eric Kirchblum, MIT Earlier this month, the MIT Clean Energy Prize (CEP) announced the winners of the 2015 competition at the Eversource MIT Clean Energy Prize Showcase & Grand Prize Awards Ceremony, where it awarded over $400,000, includ...

The Big Question: What Is the Most Frustrating Part about Working in Renewable Energy?

Renewable Energy World Editors

Every industry has its challenges and misunderstandings. Sometimes the obstacles we face in simply trying to do our jobs can be very frustrating.

Norway and Sweden flags

Nordic Renewables Boom Set to Exceed Wind Energy Target

Jesper Starn, Bloomberg

Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.


Volume 18, Issue 3


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