Swiss group negotiating to buy Fayette assets

Journal Article · Tue Sep 01 04:00:00 EDT 1987 · Alternative Sources Energy; (United States)

OSTI ID:5719930

Fayette Manufacturing of Tracy, California is negotiating to sell its assets to a Swiss investor group. Fayette operates over 1600 turbines near Tracy, California. If the negotiations to purchase Fayette's assets are successful, the Fayette Corporation will apparently continue to exist, but as a research and development company. Fayette has been concentrating on the development of a 250 kW turbine for the last year or so and plans to continue that development. Besides negotiating to purchase the assets of Fayettes wind projects, the Swiss group reportedly has plans to develop an additional 900 MW of wind facilities over the next three years and plans to acquire existing SO4 power purchase contracts in California to reach its goal. Under the initial phase of the group's plans, up to two hundred seventy 300-400 kW wind turbines could be installed. Apparently a number of turbines will be installed for evaluation under a testing program. Under the project financing proposal, any turbine manufacturer would have to be financially strong enough to back the operation of the turbines for a considerable period of time.

• OSTI ID: 5719930
• Journal Information: Alternative Sources Energy; (United States), Journal Name: Alternative Sources Energy; (United States) Vol. 93; ISSN ASEND
• Country of Publication: United States
• Language: English

Related Subjects

17 WIND ENERGY
170400* -- Wind Energy-- Economic
Industrial
& Business Aspects
CALIFORNIA
CAPACITY
EUROPE
EVALUATION
FEDERAL REGION IX
FINANCING
INDUSTRY
MACHINERY
NEGOTIATION
NORTH AMERICA
OPERATION
ORGANIZING
PLANNING
POWER PLANTS
RESEARCH PROGRAMS
SWITZERLAND
TURBINES
TURBOMACHINERY
USA
WESTERN EUROPE
WIND POWER INDUSTRY
WIND POWER PLANTS
WIND TURBINE ARRAYS
WIND TURBINES