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30 March 2012

Electrawinds secures €37m for first Irish project

Belgian wind energy company Electrawinds has secured finance worth €37m from Rabobank, for its first project to be based in Ireland.

30 March 2012

Ming Yang Wind sees 58% profit fall in 2011

The China Ming Yang Wind Power Group saw a 58.8 per cent decrease in profit for 2011 to RMB993m ($157.8m)

30 March 2012

Suzlon’s CFO Robin Banerjee leaves

suzlon_280312_170 Suzlon CFO Robin Banerjee has left the company with finances to be overseen by Kirti Vagadia going forward.

30 March 2012

Spain’s Avindia Capital targets €4m for inaugural energy fundp

euros170 Venture investor Avindia Capital told NewNet it was targeting a €4m for its first fund, which will invest in the European renewable energy sector.

30 March 2012

GDF Suez proposes to buy remaining stake in International Power

pylon_uk_170SQ French utility GDF Suez has proposed to buy the 30 per cent stake of diversified energy company International Power that it does not currently own for £6bn.

28 March 2012

Virginia gives the green light to Gamesa offshore wind turbine

The US state of Virginia has approved the construction of turbine to be installed in the states waters by wind company Gamesa.

28 March 2012

Small wind start-up obtains financing, reveals need for morep

dollarbill_2003152_170 A US small wind energy start-up has revealed it has secured a $200,000 investment injection but said it will need to raise more than that again to complete its latest funding round.

28 March 2012

Suzlon to develop 800MW of projects with CGN Energy

US-based wind company Suzlon has signed a global strategic partnership with CGN Energy—a wholly owned subsidiary of China Guangdong Nuclear Power Group—to develop 800MW of domestic and international projects over the next three years.

28 March 2012

Sumitomo to invest in Duke wind projects

Duke1_170SQ Japanese company Sumitomo is set to make an equity investment into wind projects in Kansas, US, being developed by Duke Energy.

27 March 2012

Allianz expands renewable energy portfolio with 3 wind park purchase

Financial service group Allianz has expanded its renewable energy investment portfolio after buying three wind parks in Germany and France.

27 March 2012

Israel wind specialist half way through $7m Series B financing roundp

israelflag_170 An Israel-based wind specialist has revealed it is half-way through a $7m financing round, with major venture capital firms participating in the round.

27 March 2012

GE invests a further $25m in India’s Greenko to progress wind business

Indian independent power producer Greenko has received a $25m injection from GE Energy Financial Services to progress its wind ambitions.

27 March 2012

REpower to supply 6MW turbines to PNE

REpower_Off_170SQ German wind energy company REpower Systems has been contracted to supply 54, 6.15MW offshore turbines by PNE Wind.

26 March 2012

Triodos Renewables plans to launch further green fundp

wind_sunset_170SQ Green investor Triodos Renewables is reportedly planning to open a follow-on from its Ampere Equity Fund, which it will use to up spending in the clean power space.

26 March 2012

Goldwind records $2bn 2011 revenue

Chinese wind energy company Goldwind achieved revenue worth RMB12.76bn ($2bn) in 2011, creating a RMB718m ($114m) net profit.

26 March 2012

Denmark to boost wind power by 1GW

The Danish government and opposition parties have agreed to boost offshore wind energy by building two offshore wind farms with a total capacity of 1GW by 2020.

23 March 2012

A2SEA, Dong commission offshore wind jack-up vessel

Dong and Siemens-owned A2SEA have signed a $155m contract with Chinese-based COSCO to construct a new jack-up vessel to be used during the installation of offshore wind turbines.

23 March 2012

Mytrah Energy to develop 2.8GW of wind in Andhra Pradesh

Mytrah Energy, through its Indian subsidiary, has entered into an agreement with the government of Andhra Pradesh for the development of up to an additional 2.8GW of wind capacity in the state.

23 March 2012

Vestas wins 50MW order in China

Danish wind energy company Vestas has been contracted to supply turbines with a 50MW capacity to China’s Longyuan.

23 March 2012

UK PM touts country’s attractiveness as Gamesa plans €150m wind plant

Ed_Davey_©DECC The UK Prime Minister David Cameron has said the ‘UK remains an attractive place for foreign investment’ after Spanish wind company Gamesa announced plans of a potential €150m project to build a major wind turbine manufacturing facility in Leith, Scotland.

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