Green Mountain Power commissions its first methane plant at Westminster Farms

first_imgGreen Mountain Power (GMP), headquartered in Colchester, Vermont, has added farm methane to its portfolio of renewable energy sources, which includes hydro, wind, landfill methane and a planned solar plant, with the commissioning of the Westminster Farms plant. About 1,200 cows will provide enough manure to produce about 225 kw of electricity. That’s enough electricity to power about 250 homes.”This arrangement is a winner for all involved. I want to congratulate Green Mountain Power and Westminster Farms for working together to make this project possible,” said Governor Jim Douglas. “Not only does this allow Green Mountain Power to provide low cost alternative energy to their customers, but it also gives the farm a much needed revenue boost.”While generating power from manure is not a new concept in Vermont, the arrangement represents an important step toward creating a sustainable model for farmers. The farm will receive a fixed price per kilowatthour generated that will ensure that it gets enough money to keep the project profitable.”This kind of pricing arrangement makes it possible for the farmers to count on this revenue for their operations,” said Mary Powell, Green Mountain Power president and chief executive officer. “Our customers are choosing to buy renewable energy for a lot of reasons, but we often hear that helping preserve the local economy and way of life is an important factor. With so many Vermont farms closing shop, diversifying with the addition of electrical generation will help increase their chances of survival.”An added benefit, according to Shawn Goodell, one of the owners of Westminster Farms, “is the $80,000 per year savings in operation costs that we’ll have. That’s the amount of money we spend on bedding for the cows. The revenue stream from producing milk, electricity and offsets for operational cost will help ensure the viability for the farm for future generations of our family.”The project is the result of collaboration between Green Mountain Power, Westminster Farms and a number of State and Federal agencies. Westminster Farms made a significant investment of nearly $700,000 in the project. The U.S. Department of Agriculture provided $358,993 in rural development grants and $348,268 in loan guarantees. The Vermont Clean Energy Development Fund of $250,000 was also crucial to the undertaking. GMP committed $175,000. The Vermont Department of Agriculture provided a $50,000 grant as well as $10,000 from the Renewable Energy for America Program.The Vermont Agricultural Credit Corporation (VACC), the agricultural financing program of the Vermont Economic Development Authority (VEDA), approved $348,268 to support the digester project. “We were very pleased to help the Westminster Energy Group bring this project to fruition,” said Jo Bradley, VEDA’s Chief Executive Officer. “VACC has supported several anaerobic digester projects in recent years, helping Vermont farmers realize their renewable energy goals.”Green Mountain Power customers will also help with the ongoing payment to Westminster Farms. Green Mountain Power customers have the option of choosing to purchase renewable energy through GreenerGMP. Customers opting to pay an additional 3 cents per kwh support projects like Westminster Farms, as well as power from the Moretown Landfill methane plant. In the near future solar will be added to the list as Green Mountain Power is in the permitting process for a 200 kw solar plant.About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont’s population. It serves more than 200,000 people and businesses.Source: GMP. COLCHESTER, VT–(Marketwire – October 20, 2009) –last_img read more

MSCI proposes to quadruple China A-shares weight in EM benchmarks

first_img“Currently, Stock Connect daily quota and [renminbi] liquidity are sufficient to address an inclusion factor that is a multiple of the current size,” MSCI said.There had also been a noticeable decline in the number of trading suspensions on the A-shares market, it added.The index provider proposed to increase the “inclusion factor” for large cap securities fourfold, from 5% to 20%, in phases throughout 2019 and 2020.Additions would include companies listed on the ChiNext index, often likened to the US’s NASDAQ market, which MSCI said had 194 stocks accessible to the international market. It has also proposed to add mid-cap companies in 2020.Fellow index provider FTSE Russell is close to deciding whether to add A-shares to its indices, according to its chief executive Mark Makepeace. He told Bloomberg Television earlier this month that it would likely add an initial weighting greater than MSCI’s current position.Investors have until 5 February 2019 to submit feedback to MSCI. The consultation document is available here. MSCI is consulting on whether to increase its benchmarks’ weightings towards China A-shares from next year.The index provider launched a consultation today with a proposal to grow the proportion of A-shares in its flagship MSCI Emerging Markets index to 3.4% by 2020. The weighting is currently 0.71%.A-shares, which are listed on the Chinese mainland, were first added to MSCI’s indices earlier this year, with 12 new benchmarks launched in March. The company said today that the implementation had been “successful”.In its consultation document, MSCI also highlighted that Stock Connect – an equity trading project connecting Hong Kong’s equity exchange with the Shanghai and Shenzhen exchanges – had “proven to be a robust channel to access China A-shares”.last_img read more