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Capstone Turbine to supply three C1000 microturbines to upgrade D'VineRipe's 27 hectare glasshouse in South Australia.

M2 EQUITYBITES-December 9, 2014-Capstone Turbine to supply three C1000 microturbines to upgrade D'VineRipe's 27 hectare glasshouse in South Australia

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Clean technology company Capstone Turbine (NasdaqGM:CPST) reported on Monday the receipt of an order for three C1000 microturbines to upgrade D'VineRipe's 27 hectare glasshouse located at Two Wells in South Australia.

Optimal Group, Capstone's Australian distributor, secured the order, which is expected to be installed and commissioned in April 2015.

The D'VineRipe glasshouse project will reportedly increase the total amount of Capstone microturbine power in Australia to 18MW.

D'VineRipe is one of the largest producers of glasshouse grown tomatoes in Australia. The facility is fully reliant on power from diesel generators to help produce quality vine ripened tomatoes for local markets. D'VineRipe's Two Wells site would both reduce greenhouse gas emissions and provide more reliable power.

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Publication:M2 EquityBites (EQB)
Geographic Code:8AUST
Date:Dec 9, 2014
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