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LAS VEGAS, New Mexico, US, August 9, 2006
(Refocus Weekly)
A wholesale generator of renewable energy will
sell green power at a fixed price of 4.8˘ per kilowatt-hour for a
term of 30 years.
Nature’s Accent has made the offer to all rural electric
cooperatives which belong to the Tri-State Generation & Transmission
Association. The offer included price and delivery guarantees,
equity participation and revenue sharing.
Tri-State G&T is a wholesale electric power supplier owned by 44
electric cooperatives and public power districts in Colorado,
Nebraska, New Mexico and Wyoming.
The proposal is for fixed pricing with no increases over the 30
years, and a price match guarantee for any other green power offer.
The 100% renewable energy would use the company’s Tri-Fuel™ plant
design and include cooperative equity ownership in generation
plants, joint venture revenue on excess energy that is sold, and
shareholder dividends from equity ownership.
The green power would reduce CO2 emissions, help watersheds and
reduce bovine waste problems, as well as reduce transmission
bottlenecks with power that is generated locally. The company would
put a plan in place to meet future Renewable Energy Portfolio
standards and lower the cost of electricity to co-op members, while
creating local employment opportunities.
The first plant is expected to start generating power near Las
Vegas, New Mexico, in January 2008, and the company is surveying 12
additional sites in New Mexico, Colorado, Arizona and Texas for
potential to generate green power. The plants will range in capacity
from 40 to 100 MW, and be powered by solar thermal, wind and biomass
(forest or bovine waste) that is integrated into a base load and
dispatchable continuous energy plant.
Nature’s Accent plans to build capacity targeted at more than 1 GW
of pure renewable energy in the next decade, and says partnering
does not require any cash participation. It will supply all funding,
engineering, construction and operation of the plants, but the joint
venture approach will allow co-ops to “attain long-term fixed energy
pricing, stable power purchases and the benefits of owning your own
renewable generation facility.”
“The southwest has tremendous natural energy resources that can be
turned into large-scale renewable energy generation,” says CEO Allen
Witters. “We can compete directly with coal, gas and nuclear
systems, and beat them on price, global ethics and uptime.”
The Tri-Fuel concept combines the use of biomass from either wood
waste or cow manure, with thermal solar and wind technologies in a
single plant.
“The company will produce renewable energy that is competitive with
non-renewable energy produced from fossil fuels, and it never shuts
down," adds Witters. "This means we can deliver continuous
electricity 24/7 throughout the year without interruption. The
design is completely redundant and we adjust production to the
least-cost fuel available at any instant in time.”
Nature’s Accent is a woman-owned private corporation.
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