EnergySource to unveil $400 m plant in dedication ceremony May 18, 2012
Hudson Ranch I geothermal power plant, March 2012, Salton Sea, California/ U.S. (source: EnergySource)
Alexander Richter
16 May 2012
EnergySource to hold dedication ceremony for its Hudson Ranch I geothermal power plant at the Salton Sea, Imperial Valley, California on May 18, 2012. With more than 300 guests expected the event will feature Dennis V. McGinn, president of ACORE as a keynote speaker.
A milestone geothermal project is celebrating its success in a dedication ceremony on May 18, 2012.
EnergySource is holding a ceremony at its Hudson Ranch I geothermal power plant, the first stand-alone geothermal power plant at the Salton Sea resource in more than 20 years. The project represents a number of interesting milestones and facts that are interesting to mention. A rather unique and novice drilling finance by Icelandic bank Glitnir (now Islandsbanki), a successful multi-bank financing round for construction, cornerstone equity investment by GeoGlobal Energy (of New Zealand’s Mighty River Power), follow-up financing for Hudson Ranch II by turbine producer Fuji Electric and the exciting project to derive Lithium from the brine of the plant by Simbol Materials.
With more than 300 people expected to attend the event, it will see local, national and international guests attending.
Retired Vice Adm. Dennis V. McGinn, president of the American Council on Renewable Energy (ACORE) will present the keynote address during the dedication ceremony.
“EnergySource is pleased to have Admiral McGinn’s participation at our commissioning celebration,” says Dave Watson, president and CEO of EnergySource. “As president of ACORE, he is a strong advocate for innovative government policy, public and private partnerships, and investments that promote clean energy growth and innovation. EnergySource supports his efforts which will help us, and companies like ours, deliver renewable power to utilities in their efforts to procure clean energy and rely less on fossil fuels.”
Additional event speakers are to include Michael Picker, senior advisor to Gov. Jerry Brown for renewable energy; Gary Wyatt, County of Imperial; John Pierre Menvielle, Imperial Irrigation District; Dave Watson, president and CEO, EnergySource; Juan Vargas, senator, 40th district; V. Manuel Perez, assembly member, 80th district.
EnergySource began construction of the $400 million Hudson Ranch I geothermal power plant in May 2010 and created more than 200 jobs during construction. Now in operation, the plant provides 55 full-time jobs in Imperial County. Today the plant is selling all of its energy, capacity and environmental attributes to Salt River Project, a public power utility and water provider serving the greater Phoenix metropolitan area, for a term of 30 years.
Hudson Ranch I and a second plant, Hudson Ranch II, will each generate enough power to serve 50,000 homes in the Southwestern region. EnergySource plans to commence drilling for Hudson Ranch II in the third quarter of this year and construction is scheduled for 2013.”
Source: Release by EnergySource
