Tioga provides project financing through its SurePath^SM Solar(PPAs), and maintains and operates solar systems on behalf of its customers.  Tioga’s offering deliver spredictably priced power and enables organisations to to both ‘green’ their operations and reduce energy costs.  In order to illustrate the benefits of solar, Tioga needs to estimate future electricity prices and make comparisons by showing the savings from a new solar system.

To forecast possible price increases, Tioga Energy inputs California’s historical electricity rate data into a model developed using Palisade’s risk analysis software, @RISK.  This generates a probability distribution for electricity rate rises over the 20-year PPA period, which shows that there is a 25 percent likelihood that price increase swill be less than 4.8 percent, and a 25 percent chance that rate rises would be more than 8.7 percent.

The @RISK model therefore helps Tioga Energy evaluate the likelihood that acustomer will save money for a variety of PPA scenarios (i.e. the rate at which electricity would initially be charged and the amount by which it would then increase each year).  It also calculates the magnitude of savings for the different combinations of first year costs and subsequent rises.  Consumers are therefore able to better understand the pricing and make an informed decision about whether to sign up for a PPA.

“Using historical data and @RISK’s modelling capacity, we can offer consumers a robust view of the potential benefits of a solar PPA.  This enables them to hedge against rising electricity rates, as well as feel confident that they are playing a part in tackling global warming,”explains Kristian Hanelt, VP Project Finance for Tioga Energy.

Hanelt confirms:  “@RISK is a flexible and technically adept tool that, in addition to enabling in-depth analysis, makes it easy for us to present relatively complex ideas in an easy-to-understand graphical format.  As a result, it plays a key role in helping Tioga Energy to differentiate itself from its competitors.”

Tioga Energy’s full report on its study, ‘Hedging Against Utility Rate Fluctuations with a Solar PPA’ is available to download here: http://www.tiogaenergy.com/tioga-energy-reports.php

Cleantech generally is becoming sexy. Recent figures from the Cleantech Group and Deloitte show that the venture capital community invested over £5bn in the sector in 2009, with 557 firms receiving fresh venture capital funding.  As global environmental imperatives making the sector look like a good long term career bet, the cream of finance, management and technology professionals are being drawn to this sector.

As executive recruiters who operate exclusively in this area, Altium Associates are particularly aware of the increase in demand for the best. Altium was formed by a group of experienced executive search and HR specialists to work primarily with early stage and fast growth businesses in Cleantech. Our clients include venture capital backed businesses in renewable energy, recycling and nanotechnology. Over the past year we have been asked to recruit a raft of senior talent, equipped with the skills to make these companies global players. This is partly due to the fact that ‘Green’ investment is perceived as sexy and that there is a queue of Cleantech businesses waiting to IPO. So whilst these businesses are the brain-children of technologists and entrepreneurs, backers are insisting that they beef up the management teams with impressive, high-calibre finance and operational managers to wow brokers and entice new investors.

Some of these hires come from other industries, particularly those that have similar business models or KPIs. For example, operations managers with a heavy manufacturing or chemical engineering background can adapt to the recycling sector and managers from conventional energy businesses can establish themselves in renewable energy companies without breaking sweat. Generally however, the most sought after candidates possess both sector experience and first class management credentials. Even in the recently troubled venture capital and investment banking industry, investment professionals who have the ability to combine the skills and knowledge to evaluate cleantech prospects technically as well as financially are attractive recruitment targets. Make no mistake, Cleantech will continue to offer hot employment opportunities in 2010.

“These Pathways Out of Poverty grants will help workers in disadvantaged communities gain access to the good, safe and prosperous jobs of the 21st century green economy,”said Secretary Solis. “Green jobs present tremendous opportunities for people who have the core skills and competencies needed in such well-paying and rapidly growing industries as energy efficiency and renewable energy.”

Through the 38 grants awards announced today, targeted populations will receive recruitment and referral services; basic skills, work-readiness and occupational skills training; supportive services to help overcome barriers to employment; and other services at times and locations that are easily accessible. Through these programs, participants will receive certifications and on-the-job training that will lead to employment.

In order to serve the specific populations targeted by these grants effectively, the Department of Labor encouraged applicants to focus project efforts in communities located within one or more contiguous Public Micro Data Areas (PUMAs) where poverty rates were 15 percent or higher. PUMAs are geographic areas designated by the U.S. Census Bureau. All applicants were required to have experience serving economically disadvantaged populations. Programs funded today will serve unemployed individuals, high school dropouts, and other disadvantaged individuals within areas of high poverty.

There are two types of award recipients for these grants: 1) national nonprofit entities with networks of local affiliates, coalition members or other established partners; and 2) local entities including nonprofit organizations, such as community and faith-based organizations, the public workforce investment system, the education and training community, labor organizations, and employer and industry-related organizations.

Today’s grants are part of a larger Recovery Act initiative — totaling $500 million — to fund workforce development projects that promote economic growth by preparing workers for careers in the energy efficiency industries. For a full listing of the grants and project descriptions, visit http://www.doleta.gov/pdf/Pathways_Poverty_grants.pdf. To view a video by Secretary Solis, visit http://www.dol.gov/dol/media/webcast/pathways. The U.S. Department of Labor expects to release funding for one remaining green grant award category over the next several weeks.

To find out more about job training opportunities available through the Department of Labor, call the National Contact Center’s toll-free helpline at: 866-4-USA-DOL (487-2365) or TTY 877-889-5627.

“Our Government continues to help bring innovative renewable energy technologies from idea to marketplace,” said Minister Raitt. “Investing in these projects will stimulate the growth of a domestic clean energy industry, create high-quality jobs for Canadians and help protect our environment.”

“Through SDTC, the Government of Canada is helping cleantech companies convert their new technologies into market-ready products,” said SDTC Chairman Juergen Puetter. “When these companies bring their technologies to businesses and consumers, they create jobs, provide Canada a technological edge and contribute to an overall reduction in Canada’s greenhouse gas emissions”.

These innovative clean technologies involve many of Canada’s main economic sectors, including energy utilization, transportation and waste management. Some highlights of this round include:

Technologies that will help reduce the environmental impacts of the transportation sector by using renewable energy such as electricity and hydrogen to power vehicles.

Biomass-related technologies that will add value to Canada’s forestry and agricultural industries, furthering the development of a bio-based economy.

These new investments bring SDTC’s total portfolio value to over $1.5B. SDTC’s SD Tech Fund™ has completed fifteen funding rounds, committing $464 million to 183 clean technology projects, and leveraging over $1B from project consortia members.  These figures include adjustments made to the portfolio.

SDTC’s investments to date are creating Canadian green jobs, have leveraged additional private sector investment of nearly $900 million and are expected to deliver an overall reduction of greenhouse gas emissions of between 5 and 12 Megatonnes – the equivalent of taking up to 1.5 million homes off the grid.

“The projects included in this funding round show Canada’s great potential and confidence in the cleantech sector,” said Vicky Sharpe, SDTC President and CEO. “Companies and countries around the world are looking to buy clean technologies. It’s through such promising innovations that Canada can seize the cleantech opportunity and become a technology seller to the world.”

The newly funded projects are representative of the investment priorities established in the SD Business Cases™, a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at www.sdtc.ca ). The latest report on industrial freight transportation was released on December 2, 2009. Other sectors previously studied include clean conventional fuels, renewable electricity and commercial buildings.

SDTC will be launching its next call for Statements of Interest (SOI) for the SD Tech Fund on February 24, 2010. Applicants with projects that bring technological solutions which fall under the investment priorities established in the SD Business Cases™  and that address climate change, clean air, clean water and clean soil issues are encouraged to apply. Solutions that address more than one of these issues are of greatest interest.

About SDTC

SDTC is an arm’s-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians.

SDTC operates two funds aimed at the development and demonstration of innovative technological solutions.  The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil.  The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.

Detailed information on the 16 projects, including their descriptions, can be found here.

This includes large-scale carbon capture and storage demonstration projects as well as these smaller-scale demonstration projects of renewable and alternative energy technologies. Three carbon capture and storage projects have already been announced, totalling $466 million from the fund.

Nineteen successful projects have been selected in response to a call for proposals under the Renewable and Clean Energy portion of the Clean Energy Fund. Up to $146 million will be invested over five years in these projects to support renewable, clean energy and smart grid demonstrations with evidence of collaboration among partners and the potential to reduce barriers to technology implementation.

The Government of Canada will now invite the project proponents to begin negotiations toward formal contribution agreements to set the conditions under which funding will be delivered. The funding amounts are expected to range from $2.5 million to $20 million for each project. However, until a written contribution agreement is signed by both parties, no commitment or obligation exists on the part of the Government of Canada to make a financial contribution to these projects.

Successful Project Descriptions

Projects expected to receive $2.5–$5 million:

1. Biomass-based Urban Central Heating Demonstration

Lead proponent: SSQ, Société immobilière Inc.

Strategic Area: Buildings/Community Energy Systems

Location: Québec, Québec

Purpose: La Cité Verte is an innovative real estate project, which combines various initiatives related to sustainable development such as renewable energy utilization, energy efficient design, the management of water consumption, energy and waste management. The funding will support the installation of a biomass and wood-based district heating system. This project combines many technologies and partners.

2. Utility-scale Electricity Storage Demonstration using New and Re-purposed Lithium Ion Automotive Batteries

Lead proponent: CEATI International Inc.

Strategic Area: Electricity Storage

Location: Toronto and Cornwall, Ontario, and Manitoba

Purpose: This project will address electricity storage for renewable and high-density urban applications. The project will demonstrate utility-scale electricity storage systems using new and re-purposed automotive batteries. This concept will reduce cost for electric vehicle batteries providing a future market to meet urban electricity demand using automotive batteries.

3. Energy Management Business Intelligence Platform Development and Demonstration

Lead proponent: Power Measurement Ltd.

Strategic Area: Smart Grid

Location: Commercial buildings in Calgary, Alberta, Ontario and BCIT in Burnaby, British Columbia

Purpose: This project will develop and demonstrate smart grid technology, voluntary load curtailment and peak shaving in a commercial building setting. Most projects of this type to date have focused on residences. This technology will also enable tenants to voluntarily reduce their demand based on real-time price signals.

4. Wind and Storage Demonstration in a First Nations Community

Lead proponent: Cowessess First Nation

Strategic Area: Wind/Storage

Location: Cowessess, Saskatchewan

Purpose: This project aims to demonstrate a combined wind and storage energy system in a First Nation community. The successful demonstration would prove this system as a model for other First Nation’s communities across Canada.

5. Bioenergy Optimization Program Demonstration

Lead proponent: Manitoba Hydro

Strategic Area: Bioenergy

Location: Five locations in Manitoba

Purpose: This project is comprised of five different bioenergy systems at five different project sites. The project demonstrates collaboration between utility companies and customers. It is anticipated that the project will help to remove the perceived barrier of technical and operational risk and will promote the wide-scale adoption of bioenergy systems in Canada.

6. Offshore Wave Energy Demonstration

Lead proponent: SyncWave Systems Inc.

Strategic Area: Marine/Hydro

Location: Offshore Central Vancouver Island near Tofino, British Columbia

Purpose: This project will demonstrate the performance, operations and life cycle of a pre-commercial 100-kW wave energy device in ocean conditions typical of British Columbia’s open coast. Canada has potentially significant wave energy resources, and it is important for Canada to participate in demonstrations to further the technology, understanding of ocean conditions and the regulatory environment.

7. Demonstration of Waste-heat Recovery at Compressor Stations

Lead proponent: Great Northern Power Corp.

Strategic Area: Hybrid Systems/Northern

Location: Compressor Stations in Alberta and British Columbia

Purpose: This project plans to demonstrate waste-heat recovery systems on a variety of stationary, reciprocating engines greater than 1,000 hp. A successful demonstration has the opportunity to lead to commercialization and wide-scale adoption of this technology at compressor stations and other industrial applications across Canada.

8. Residential Implementation of Solar-thermal Heating Systems

Lead proponent: Enbridge Gas Distribution Inc.

Strategic Area: Buildings/Solar

Location: Greater Toronto Area, Ontario

Purpose: The project will use different types of solar collectors and storage technologies to verify and compare their costs, performance and technical qualities. The project has the ability to validate the technology and provide integrated systems at a lower cost to consumers, thereby allowing greater market penetration.

9. Food and Yard Waste Anaerobic Digestion to Electricity Demonstration

Lead proponent: Harvest Power Canada Ltd.

Strategic Area: Bioenergy

Location: Fraser Richmond Soil and Fibre, British Columbia

Purpose: This project would be Canada’s first high-efficiency system for producing up to 1 MW of renewable energy from food and yard waste. If successful, this technology has the potential to be rapidly deployed across Canada as a mechanism to divert food wastes from landfills and produce renewable energy.

Projects expected to receive $5–$10 million:

10. Demonstration of Heat and Power from Biomass Gasification

Lead proponent: Nexterra Systems Corp.

Strategic Area: Bioenergy

Location: UBC Point Grey Campus, Vancouver, British Columbia

Purpose: This project will showcase biomass gasification integrated with an internal combustion engine generator in a novel, small-scale combined heat and power demonstration suited for on-site applications at public institutions, industrial facilities, and northern and remote Canadian communities. The project has the potential to overcome the difficulty of gas clean up and opens up the possibility of significant replication in Canada and overseas.

11. Energy Storage and Demand Response for Near-capacity Substation

Lead proponent: BC Hydro

Strategic Area: Smart Grid/Electricity Storage

Location: Golden and Field, British Columbia

Purpose: This project demonstrates the integration of energy storage as a mechanism for reducing electricity demand at near-peak capacity substations. This type of solution has the ability to be used in other remote communities where the grid reliability is low and the cost of the transmission line upgrade is uneconomical.

12. Interactive Smart Zone Demonstration in Québec

Lead proponent: Hydro-Québec – Institut de recherche

Strategic Area: Smart Grid

Location: Boucherville, Québec

Purpose: This project will ensure the installation of an interactive network area in a neighbourhood of Boucherville. This will demonstrate different technologies and concepts related to modernization of electrical networks, in particular the deployment of infrastructure for charging electric and hybrid rechargeable vehicles.

13. Biomass and Coal Co-firing Demonstration in Coal Plants

Lead proponent: Nova Scotia Power

Strategic Area: Bioenergy

Location: Coal Plants in Nova Scotia

Purpose: This demonstration project aims to determine optimum fuel blends for the potential co-firing of wood-based biomass with coal as a mechanism to partially replace fossil fuels with sustainable energy sources in coal plants. If successful, there is potential for wide-scale implementation across Canada and the United States.

Projects expected to receive $10–$20 million:

14. Tidal Energy Project in the Bay of Fundy

Lead proponent: Fundy Ocean Research Centre for Energy (FORCE)

Strategic Area: Marine/Hydro

Location: Minas Passage, Bay of Fundy, Nova Scotia

Purpose: The project plans to validate the performance and resilience of tidal current turbines in the Minas Passage of the Bay of Fundy. This will be the first Canadian deployment of commercial-scale tidal turbines. The project has the potential to advance tidal energy in Canada, provide economic impacts in the Atlantic region and place Canada as a world leader in marine renewable energy.

15. Northern Application of a Geothermal District Heating System

Lead proponent: City of Yellowknife

Strategic Area: Northern/Community Energy System

Location: Yellowknife, Northwest Territories

Purpose: The City of Yellowknife is in advanced stages of project engineering and plans to install a district heating system by extracting heat from the abandoned Con Mine. This project has the potential to provide a cost effective and a more environmentally friendly alternative to fossil fuel based heat. The information that will come out of this project on the effect of extracting ground-source heat from an existing aquifer and its associated long-term heat capacity will help determine if this technology could be replicated in other northern communities.

16. Electricity Load Control Demonstration

Lead proponent: New Brunswick Power Corporation

Strategic Area: Smart Grid

Location: Four maritime communities in New Brunswick, Nova Scotia and Prince Edward Island

Purpose: Traditionally, to accommodate the intermittent nature of wind power, other generation sources are required to follow the net effect of variation in load and wind power production. This project focuses on the integration between smart grid technologies, customer loads and intermittent renewables in a region with potentially significant renewable electricity capacity. It will allow utilities to better understand how customers will react to smart grid and which loads can be controlled by real-time demand balancing in up to 750 buildings, thereby assisting these utilities to capitalize on renewable resources in the region.

17. A 9-MW Wind Technology Research and Development Park

Lead proponent: Wind Energy Institute of Canada

Strategic Area: Wind/Storage

Location: Prince Edward Island

Purpose: The 9-MW wind park proposed will be the first wind/storage combination in Prince Edward Island. The project’s research base has a strong focus on information dissemination and would be a good base for supporting additional wind research.

18. Demonstration of Fish-friendly and VLH Turbines in Existing Low-head Water-control Dams

Lead proponent: Eco Joule Inc.

Strategic Area: Marine/Hydro

Location: Mississippi River System, Ontario

Purpose: This project will demonstrate three in-stream hydro technologies including fish-friendly, low-head hydro turbines along an existing water-controlled river system in Ontario. It has the opportunity to prove the technology concept, demonstrate cooperation with a conservation organization, and reduce the barriers to commercialization.

19. Community-based Geothermal Demonstration in a Remote First Nations Community

Lead proponent: Borealis GeoPower Inc./Aco Dene Koe First Nation

Strategic Area: Hybrid Systems/Northern

Location: Fort Liard, Northwest Territories

Purpose: This project will demonstrate how a northern community can use a geothermal resource to generate electricity and heat, thereby reducing the entire community’s fossil fuel demand and energy costs. A successful demonstration will provide a model for other northern and First Nations communities with available geothermal resources.

Media may contact:

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The concept consists of two parts – a wearable sensor unit which can sense and analyze your environment, health, and local weather conditions, and a dedicated mobile phone.

The sensor unit will be worn on a wrist or neck strap made from solar cells that provide power to the sensors. NFC (near field communication) technology will relay information by touch from the sensors to the phone or to or to other devices that support NFC technology.

Both the phone and the sensor unit will be as compact as possible to minimize material use, and those materials used in the design will be renewable and/or reclaimed. Technologies used inside the phone and sensor unit will also help save energy.

Stay in touch with your health and local environment

To help make you more aware of your health and local environmental conditions, the Nokia Eco Sensor Concept will include a separate, wearable sensing device with detectors that collect environment, health, and/or weather data.

You will be able to choose which sensors you would like to have inside the sensing device, thereby customizing the device to your needs and desires. For example, you could use the device as a “personal trainee” if you were to choose a heart-rate monitor and motion detector (for measuring your walking pace).

Here are some other examples of customized sensing devices you could build:

A mobile device that builds on the “three Rs”

Reduce, reuse and recycle – the Nokia Eco Sensor Concept is built upon all three of these underlying principles of waste reduction. Emphasis will be placed on materials use and reuse in the phone’s construction:

A phone for the energy-conscious consumer

To complete the Nokia Eco Sensor Concept, the phone and detector units will be optimized for lower energy consumption than phones in 2007 in both the manufacturing process and use. Alternative energy sources, such as solar power, will fuel the sensor unit’s power usage. Thus, we aim to create a self-powered sensing device to reduce dependence on external, non-renewable energy sources.

Innovative Services

The possibilities to introduce creative and useful mobile applications and web services that build upon the environmental data collected from such a design concept are numerous. These services can range from personal health monitoring and improvement, to large-scale collective efforts to promote sustainable lifestyle choices. Even very simple environmental variables can bring about novel solutions when shared and integrated into a global network of mobile explorers.

The UK is missing out on an affordable and plentiful source of renewable energy through its failure to deploy micro-hydro technologies capable of generating usable power from existing river weirs.

That is the view of Steve Welsh, managing director of Water Power Enterprises (h2oPE), a so-called community interest company that aims to install 5MW of renewable energy capacity from micro-hydro projects by 2015 and reinvest its profits in community-led environmental projects.

“The infrastructure to do this is already in place, as there are thousands of river weirs across the country that were built during the industrial revolution and are still in good nick,” explains managing director Steve Welsh. “As the infrastructure is already there the capital costs are manageable – the issue is picking the right sites, gaining planning permission, clearance from the Environment Agency and a lease from the landowner.”

These barriers mean that renewable energy companies have so far largely ignored micro-hydro technologies on the grounds that the relatively small amounts of power generated means it would take five to seven years to deliver a return on investment. But Welsh insists that micro hydro technologies, such as modern Archimedean screws, will generate energy for around 40 years providing h20pe with a long-term and predictable revenue stream.*

Full Article – Source : ©BusinessGreen

“My electric bill was skyrocketing,” he says. “I really needed to get a handle on what was going out, versus what was coming in.”

THE JOURNAL REPORT

Ethanol plants sprouting up across the Corn Belt have brought with them some of the best financial opportunities seen in those areas in a generation. Plus, proponents of ‘enhanced recovery’ say it does double duty: It reduces CO2 emissions while increasing oil output.

• See the complete Energy report.

Mr. Gelber’s solution was to purchase a solar-power generator for his home, with rooftop photovoltaic panels. He says that while concern about the environment played a role in his decision to go solar, economics convinced him to take the plunge.

“I’m in support of anything that will address global warming and our power consumption,” the 65-year-old Mr. Gelber says. “That’s very important to me. But I think that’s secondary to the economics of it. It’s going to pay for itself in eight to 10 years, and essentially I have free electricity for the rest of my life.”

As electricity prices rise and government incentives and technology improvements make renewable-power systems more affordable, a growing number of people are embracing self-generation. And while as much as 85% of the demand for home solar-power generation is in California — the state with the most generous financial incentives — the market is growing in other states, including New Jersey and New York, and could take off nationwide if more states implement favorable rules and funding, advocates say.

“This market wouldn’t be happening without these government incentives,” says Lisa Frantzis, managing director of renewable and distributed energy at Navigant Consulting, an independent consulting firm in Burlington, Mass. “There’s a convergence with prices coming down, concern about climate change, volatility in the power market and people concerned about energy security.”

California Takes Lead

By far, the most widely used home renewable-power systems are rooftop solar panels that absorb the sun’s rays and convert them into electricity.

In California, people who install their own solar power or other renewable generators can get rebates of as much as $2.50 per watt of electricity produced. Residential customers of San Francisco-based PG&E Corp. utility Pacific Gas & Electric Co., who install an average-size system of about 4,600 watts, can expect to obtain a rebate of at least $10,000, utility spokesman Keely Wachs says. California’s rebates are based on the electricity output of the solar generator. The highest-performing, most efficient system would qualify for the full $2.50-per-watt rebate, whereas systems on roofs that have heavy shade, or smaller surface areas, for example, would qualify for a lower rebate amount, such as $2.20, $1.90, $1.55 or less per watt, Mr. Wachs says…

Full Article – Source : ©online.wsj.com

LONDON, May 14, 2008 (BUSINESS WIRE) — Fluor Corporation (NYSE: FLR) announced today that it signed a contract with Scottish and Southern Energy (SSE) to design and construct the 500 megawatt (MW) Greater Gabbard Offshore Wind Farm. The venture is the world’s largest offshore wind farm project to move into the construction phase and will be built approximately 25 kilometers off the Suffolk coast of the United Kingdom (UK). The new award will be booked in the company’s second quarter of 2008 and is worth approximately $1.8 billion (GBP 900 million).

It will be the first UK offshore wind farm to be built outside territorial waters and will provide carbon neutral, renewable electricity for more than 415,000 homes, equivalent to the approximate domestic demand of Suffolk.

The Greater Gabbard Offshore Wind Farm Project has been developed by a 50:50 joint venture between Fluor International Limited and Airtricity (acquired by SSE in February 2008). Having successfully completed the development phase and signed the construction contract, Fluor has sold its 50 percent stake in Greater Gabbard Offshore Winds Ltd to SSE for approximately $80 million (GBP 40 million).

Prior to receiving the engineering, procurement and construction (EPC) contract, Fluor’s development responsibilities included the management of environmental studies, site surveys and engineering that culminated in the submission of an Environmental Impact Statement. Fluor also leveraged its supply chain knowledge and experience to support the joint venture in securing the project’s connection to the UK’s National Grid, the supply of offshore wind turbines, heavy steel structures and other critical supply chain elements required for timely construction.

Fluor and Airtricity worked closely with the local authorities, community and conservation bodies in the development of the project and in particular the siting of the onshore substation. Fluor recognizes and appreciates the communications, support and cooperation of the local communities and intends to maintain a high level of engagement throughout the construction phase.

The Greater Gabbard Offshore Wind Farm Project will feature 140 wind turbines each having a rated capacity of 3.6 MW. The turbines will be supplied by Siemens Wind Power A/S under a separate contract with SSE. Fluor will be responsible for the installation of the turbines which will be mounted on steel monopiles and transition pieces in water depths between 24 and 34 meters. A new electricity substation will be built near Sizewell, Suffolk, UK.

Construction work is scheduled to commence for the offshore site in summer 2009, with work to prepare the site for the onshore substation already underway. The wind farm will be commissioned in two phases, with the entire construction scheduled to be completed in 2011.

“This investment in Greater Gabbard is very welcome and a prime example of the increasing number of renewable projects that are now taking place across the UK,” said John Hutton, UK Secretary of State for Business, Enterprise and Regulatory Reform. “The massive potential of the UK shoreline coupled with the right market conditions mean the UK is one of the most attractive places in the world to invest in offshore technology.

“Through the Energy Bill we are providing more financial support to offshore projects, and in the summer we will be setting out our plans to increase renewables further. Tackling climate change and securing future energy supplies is of the utmost importance and a vast expansion of both onshore and offshore wind will be central to this,” said Hutton.

“This project demonstrates Fluor’s capability of working closely and in partnership with our clients in developing projects from concept through to realization,” said Patrick Flaherty, senior vice president of Fluor. “We are extremely proud to be the first of the UK’s round two offshore wind farm projects awarded by The Crown Estate to move into the construction phase. Greater Gabbard will make a meaningful contribution to the UK Government’s renewable energy targets.”

“The success of the Greater Gabbard Wind Farm will clearly establish Fluor as a leader in the rapidly growing market to develop and construct large-scale offshore wind farms,” said Stephen Dobbs, senior group president of Fluor. “Wind farms represent just one aspect of Fluor’s strategy of applying our expertise and resources to assist clients in making meaningful reductions in carbon emissions and providing significant amounts of new, clean and renewable energy.”

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

(FLRG)

SOURCE: Fluor Corporation

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