Wednesday, November 28, 2007

WEB N.V. and Ecopower Bonaire B.V. Sign Power Purchase Agreement

En-route to an environmentally friendly power supply on Bonaire, Water and Energy Bonaire (WEB), N.V. and Ecopower Bonaire, B.V. reached an important milestone yesterday when they opened the Sorobon Wind Turbine and officially signed the “Power Purchase Agreement.”

Ecopower Bonaire, B.V. is a consortium consisting of Evelop International, Enercom GmbH, and MAN B&W Diesel.  The planned development for both wind and biodiesel generation has a stated cost of USD 55M (nearly FL 100 M) for the island.  It is hoped that when the island is less dependent upon traditional fuel sources that the cost of electric may go down for island residents and businesses.  (Source:  WEB, N.V. and New Energy Finance)