in News Departments > Projects & Contracts
print the content item

Seattle-based 3TIER, a global energy assessment firm, has released the results of an appraisal conducted for Green St. Energy on land located in Tehachapi, Calif. Green St. Energy, formerly known as M-Wave, recently entered the renewable energy industry by agreeing to acquire 160 acres of land in Tehachapi to build a wind project.

3TIER's FirstLook report estimated the average wind speed at the Green St. Energy location to be 7.8 meters per second, or 17.5 mph. This means that the company is 68% confident that the true wind speed at the location is between 14.5 mph and 20.4 mph.

The FirstLook report also estimated that the power capacity factor at the location - a common assessment tool for wind farm viability - is 40%.

"We are excited that a leading energy consulting firm has determined that the wind speeds at the land are so strong," says Tony Cataldo, Green St. Energy's chairman and CEO. "This has important implications for our ability to attract developmental partners and financing for the project."

This rating is considered excellent by industry standards. Many existing U.S. wind farms have been financed and are being operated successfully at 28% to 30% capacity factors; thus, the Green St. Energy Tehachapi site rating by 3TIER indicates a wind power capacity that is approximately 33% greater than average standards for financeable wind farms in the U.S. market.

SOURCE: Green St. Energy


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008