viewCapstone Turbine Corporation

Capstone Turbine wins order for major redevelopment project on Walker’s Cay in the Bahamas

The order is for two-megawatt C1000 Signature Series microturbine energy systems for Walker’s Cay Resort, in the northernmost island of the Bahamas

Capstone Turbine Corporation -
Capstone's liquified natural gas (LNG) fueled clean-energy microturbines will provide power the island fully while achieving sustainability goals

Capstone Turbine Corporation (NASDAQ:CPST), the maker of clean-energy microturbines, announced Wednesday that it has received an order for the Walker’s Cay redevelopment project, in the northernmost island of the Bahamas.

The company said the order is for two-megawatt scale C1000 Signature Series (C1000S) microturbine energy systems for Walker’s Cay Resort, located 53 miles northeast of Grand Bahama, in the northernmost island in the Bahamas.

The order was secured by E-Finity Distributed Generation, Capstone’s exclusive distributor for the mid-Atlantic, southeastern United States, and the Caribbean, and is expected to be commissioned in the Fall of 2020.

READ: Capstone Turbine wins order to help modernize water pollution facility in upstate New York

“The Walker’s Cay redevelopment exemplifies what I call the new breed of forward-looking, progressive developers who are finding creative ways to reduce their carbon footprint as well as lowering their annual operating costs — thus making green by being green,” Capstone Turbine CEO Darren Jamison said in a statement.

“This sustainable development will adapt to the growing energy needs of the island over time, reduce the island’s carbon footprint and generate reliable electricity at a lower cost than other islands in the region who rely on outdated, dirty technologies and more expensive fuels,” he added.

Two Capstone liquified natural gas (LNG) fueled C1000 Signature Series microturbines will provide a cost-effective alternative to the island’s inefficient diesel reciprocating engine power plant which currently provides power to neighboring islands, the company said in a statement.

By converting the resort’s operations from diesel engines to LNG fueled microturbines, the island will benefit from ultra-low emissions, which will dramatically lower the island’s carbon footprint.

Nearly destroyed by consecutive hurricanes and abandoned for several years, Walker’s Cay, has begun construction on a redevelopment project to restore the northernmost cay to its former glory. Purchased by Texas businessman and philanthropist Carl Allen and his wife Gigi, the 100-acre island resort will include extensive renovations to existing structures and phased construction of over 100,000-square-feet of new buildings that include a newly configured marina basin with mega-yacht slips, villas, restaurants, chapel, bonefish lodge, spa and fitness center, along with many other amenities.

Allen Exploration CEO Carl Allen said the redevelopment of Walker’s Cay was an “exciting endeavor” and a “dream come true” for his family.

“Our goal for Walker’s Cay was to create a sustainable development that could adapt to the growing needs of the island over time and serve as a beacon for sustainable communities,” Allen added in the statement.

“By incorporating clean-energy technologies like Capstone microturbines, we estimate that we will reduce island CO2 emissions by 20,000 tons per year, the equivalent of removing 4,000 vehicles from the road or planting over 300,000 trees.”

The project’s construction manager and general contractor, Straticon, based in Stuart, Florida and Allen Exploration officials selected Capstone not only for their oil-free, air lubricated, air-cooled technology but also for their modular design which keeps the system running at high-efficiency during partial load conditions.

“The multiple turbine configuration will allow the island to stay at peak electrical performance during our construction build-out phase as well as during seasonal occupancy changes,” said Dan Moore, president of Straticon Marine Division. “The low decibel noise levels and oil-free operation of the microturbine-powered system dials right into helping the island achieve its sustainability goals.”

Capstone, based in Van Nuys, California, offers a product line-up of microturbines that can produce anywhere from 30 kW to 10 megawatts of power, operating on a variety of gaseous or liquid fuels. To date, Capstone has shipped over 9,000 units to 73 countries.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

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Market: NASDAQ
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