The university has a 20-year agreement with REDCO
to purchase all the power the solar installations generate.
For the UO, REDCO
is negotiating with the Eugene Water & Electric Board to buy the power at higher-than-market rates, with the revenue split between the university and the project investors, Simonton said.
plans to purchase 5 megawatts of solar thermal equipment, including the bladeless turbines from IAUS, for the construction of a solar project in the Mojave Desert California area.
After completing its due diligence of the IAS technology, which included a thorough analysis of the independent engineering review of IAS's new solar panels and turbine, REDCO
concluded that the IAS technology is commercially viable.
Last June, Needles' City Council and Public Utility Authority executed a 20-year power purchase agreement with REDCO
to develop and operate a 5-megawatt solar thermal power plant, which will represent 20 percent of the city's power.
After completing its due diligence of the IAS technology that included a thorough analysis of the independent engineering review of IAS's new solar panels and turbine, REDCO
has concluded that the IAS technology is commercially viable.
Needles Mayor Jeff Williams said, "We are excited about the REDCO
solar project in our city.
Developed by United Development Company, one of Qatar's leading shareholding companies and the master developer of The Pearl-Qatar, other companies played major roles in the completion of this project, including Dar Al-Handasah (Shair & Partner) as architects, Engineering Consultant Group as the project's PMC, while REDCO
Construction served as the main contractor.
Ryan Davies, President & CEO of REDCO
said, "I am very excited about the opportunities that REDCO
and IAUS have to revolutionize the solar industry.
CJP while inquiring from Suleman Butt counsel for Redco Textile said REDCO
secured loans of billion of rupees.
collaborated with 14 banks in Virginia to provide loans through the SBA 504 Program, and Cardinal takes great pride in being selected their 'Lender of the Year'.
Organizations such as REDCO
provide affordable long-term, fixed rate financing to help small businesses expand while allowing them to retain critical working capital," said Regional President, Chris Bergstrom.