Capstone Sells Turbines to Resort in Bahamas

Capstone Turbine Corp. received an order for two of its microturbines for use at a resort in the Bahamas. The two C1000 Signature Series microturbines from the Van Nuys manufacturer are expected to be commissioned in the fall at the Walker’s Cay redevelopment project. The order was secured by E-Finity Distributed Generation, Capstone’s exclusive distributor for the Caribbean and Mid-Atlantic and Southeastern U.S. The two liquefied natural gas-powered microturbines will replace the island’s outdated and inefficient diesel reciprocating engine power plant, the company said. 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 more than 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, the company added. Walker’s Cay Resort is located 53 Miles to the Northeast of West End, Grand Bahama, in the Northern Bahamas. Capstone Chief Executive Darren Jamison said the Walker’s Cay redevelopment project was an example of a forward-looking, progressive developer finding creative ways to reduce its carbon footprint as well as lowering their annual operating costs. “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carbon footprint and generate reliable electricity at a lower cost than other islands in the region who rely on outdated, dirty technologies and more expensive fuels,” Jamison said in a statement. Shares in Capstone (CPST) closed Monday up 39 cents, or 16 percent, to $2.80 on the Nasdaq, on a day when that market finished up less than 1 percent.