This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

7 MW Power Purchase Agreement Nearly Finalized In St. Croix

Stocks in this article: VSPC

WALNUT, Calif., April 24, 2013 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) today provided an update on the Tibbar Energy 7 MW anaerobic digestion power plant project on St. Croix, US Virgin Islands.  As reported by the St. Croix Source on April 19, 2013, Mr. Hugo Hodge, executive director of the Virgin Islands Water and Power Authority (WAPA), stated that the authority was nearing a purchase agreement with Tibbar Energy, a proposed biomass electricity company on St. Croix. Hodge said that, in a few years, St. Croix will have 10 MW of electricity coming from industrial solar, 5 MW from net metering and 7 MW from Tibbar, for a total of 22 MW being produced by alternative sources. He estimated that at peak consumption, the St. Croix grid only needed 45 MW. That means the WAPA power plant would only need to supply an additional 23 MW.

Tibbar is continuing to plant its Giant King™ Grass nurseries, and plans to create a 1000+ acre plantation to fuel the 7 MW anaerobic digestion power plant. It is testing irrigation options and large scale planting procedures.  "We have started to develop an impressive farming operation in preparation of our finalized power purchase agreement (PPA)" said Tibbar CEO Tania Tomyn.  "We have purchased tractors and additional equipment. We are proud of our new farm staff and they are integral to the progress so far."

Tomyn continued, "As WAPA stated in the St. Croix Source article, there is a lot of work that goes into balancing Tibbar's base load power with WAPA's.  Tibbar will be unlike intermittent wind and solar as we will produce continuous dispatchable power 24/7.  Our computer system will be tied to WAPA's and will use the latest technology to efficiently work together."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs