TerraForm Power, Inc., disclosed to SEC First Wind’s projects suffer from an array of problems

"An SEC filing required as a condition of the potential sale of windfarms from Hawaii’s largest wind farm developer, First Wind, to TerraForm Power, Inc., have revealed a number of difficulties the subsidized windfarm has faced in meeting its terms of operation with regard to generating and delivering reliable power to the grid.

As reported in the Hawaii Free Presss (Feb. 8), the SEC filing paints a company in trouble, even before the sale is approved. In the filings TerraForm acknowledged:

We have limited experience in energy generation operations. As a result of this lack of experience, we may be prone to errors .... We lack the technical training and experience with developing, starting or operating non-solar generation facilities. With no direct training or experience in these areas, our management may not be fully aware of the many specific requirements related to working in industries beyond solar energy generation. Additionally, we may be exposed to increased operating costs, unforeseen liabilities or risks, and regulatory and environmental concerns associated with entering new sectors of the power generation industry, which could have an adverse impact on our business as well as place us at a competitive disadvantage relative to more established non-solar energy market participants. In addition, such ventures could require a disproportionate amount of our management’s attention and resources. Our operations, earnings and ultimate financial success could suffer irreparable harm due to our management’s lack of experience in these industries.

Equipment Problems" 

cut-continue reading-

http://news.heartland.org/newspaper-article/2015/02/11/hawaii-wind-...

Additional Information about Clipper Wind Turbines and Xtreme Power mentioned in the above article 'Hawaii Wind Farm, Failing, for Sale' under: "Equipment Problems"-

SEE: Deval Patrick & Paul Gaynor: Crony Capitalism At First Wind

http://dailybail.com/home/deval-patrick-paul-gaynor-crony-capitalis...

RE: Forced into bankrupty-Clipper Wind, formerly-"Cash-strapped-Clipper", founded by chairman emeritus of Enron Wind Corp James Dehlsen-

http://www.windpowermonthly.com/article/952841/dehlsen-endowment-ucsb

"...Kahuku Wind Power, a subsidiary of First Wind, plans to build and operate the wind farm near the site of a previous wind farm built in the 1980s. First Wind expects to begin construction in 2010. Plans call for the wind farm to consist of 12 Clipper Liberty wind turbines each having 2.5-MW capacity..."

Nixon Peabody law firm Trade Secret request regarding Clipper Wind Liberty 2.5 MW wind turbines to be used in Hawaii by First Wind: (this trade secret pertains to $117 million stimulus grant for failing wind turbines).

Dear Records Access Officer

On June 2, 2009, representatives of First Wind Energy, LLC (Michael Alvarez, President and Chief Operating Officer) and Clipper Windpower, Inc.

("Clipper")(Robert Gates, Senior Vice President, Commercial Operations), met with Staff of the Department of Public Service. During that meeting, we provided to Department Staff a presentation labelled "Confidential", providing an overview

of the root cause analysis undertaken by Clipper regarding the blade skin crack, an update of the resolution relating to gearbox timing, structural blade remediation, as well as other data regarding Clipper's Liberty turbine.

"...This information is not publicly available, and would, if disclosed, cause Clipper substantial competitive injury. As a result, we would ask that this information be treated as a trade secret or information which, if disclosed, could cause injury to Clipper's competitive position pursuant to Public Officer's Law Sections 87.2(d) and 89(5) and 16 NYCRR Section 6-1..."

http://www.hawaiifreepress.com/Portals/0/Article%20Attachments/Nixo...

Xtreme Power-

(Patrick Wood III served as Xtreme Power Director and as Director for First Wind).

Xtreme Power is backed by former MA Energy Secretary Ian Bowles' Sail Capital.  This was after Ian restructured the MA energy market seven times (to force the public to fund and purchase renewables), with the help of former First Wind CEO Paul Gaynor, by former Governor Patrick's appointment.   

Bowles’ new firm plans slew of cleantech investments

WindSail Capital Group, a year-old Boston firm co-managed by former state energy and environmental secretary Ian Bowles, expects to fund a dozen cleantech services companies in the next two years, Bowles said in an interview.

http://www.masshightech.com/topics/venture-capital.html

A Kyle, Texas company that makes utility scale power storage systems, Xtreme Power, nabbed a $29.5 million, series C round of venture funding the company announced today. The investment was co-led by Bessemer Venture Partners, the venture capital arm of The Dow Chemical Company and clean tech investors SAIL Venture Partners > (Sail Venture Partners formed by Ian Bowles former MA energy Secretary)

http://www.sec.gov/litigation/litreleases/2011/lr21832.htm

AUSTIN, Texas and SEOUL, South Korea, Feb. 19, 2013 /PRNewswire/ -- Samsung SDI, an affiliate of Samsung Group, and Xtreme Power, a privately held Austin, TX company, today announced that they have been selected by the Center for the Commercialization of Electric Technologies (CCET) to install a 1MW/1MWh Lithium Ion based Battery Energy Storage System (BESS) system at the Reese Technology Center in Lubbock, Texas as part of a Smart Grid Demonstration Project (SGDP). The $27 million demonstration project jointly funded by CCET partners and the US Department of Energy as part of the American Recovery and Reinvestment Act (ARRA) of 2009 managed by CCET. The SGDP is known as Discovery Across Texas, Technology Solutions for Wind Integration in ERCOT.  BESS will be owned and operated by South Plains Electric Cooperative (SPEC) as one of several project technologies to serve the SGDP objectives of wind integration.

Xtreme files for Bankruptcy protection-

Sail Capital

With $100 Million+ Pipeline, Xtreme Power Seeks Strategic Acquisiti... - 02/01/14

http://www.sailcapital.com/portfolio-energy/xtreme-power-solutions-inc

A US company backed by investors SAIL Capital Partners, Xtreme Battery, asks for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Texas. 

(Ian Bowles portfoliol)

Xtreme Battery is part of the portfolio of SAIL Capital Partners LLC, with founder and Managing Partner Walter L. Schindler.  According to Sail Capital, the company was “chosen by the U.S. Department of Commerce to co-lead with Deutsche Bank the U.S. Trade Mission on Clean Energy to Germany and to participate in the first Impact & Sustainable Trade Mission to Europe with investor meetings in Zurich, Amsterdam, and London”.

A must see...Sail Capital Ventures Team-

http://www.sailcapital.com/team

Kahuku Battery Storage building Xtreme fire(s) (3), the last...