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12th March 2010
Renewable energy developer RES has secured a £76 financing deal with BNP Paribas and Lloyds Banking Group for its Hill of Towie wind farm in Scotland, the first large-scale project to benefit from the European Investment Bank (EIB)’s intermediated UK onshore wind scheme
12th March 2010
Massachusetts-based wind company Mass Megawatts Wind Power reported a net loss of one cent per share or $96,935 in its third quarter ending January 2010.
12th March 2010
The first wind turbine plant to be set up by a Chinese firm in the US will be constructed by wind turbine manufacturer A-Power Energy Generation Systems in co-operation with US partners.
11th March 2010
The first 510 large-scale projects have been given the go-ahead under a new feed-in tariff (FIT) programme launched in Ontario, Canada.
11th March 2010
Danish electricity major Dong Energy said it increased its renewable power production by eight per cent in 2009, to 2,810GW hours, and invested DKK18bn (£2.2bn) during the year in clean energy, despite its profit being slashed by more than three-quarters.
10th March 2010
Energy group E.ON said it continued to invest in renewables through large-scale wind-farm projects in the US and its first solar projects during 2009 despite recording a six per cent drop in sales
10th March 2010
The wind energy industry has called on the US government to pass a strict national renewable electricity standard (RES) to drive demand and create jobs.
10th March 2010
Spanish renewable energy company Acciona Energy has won a €450m contract to construct and operate three wind parks in the Mexican state of Oaxaca, beating rivals Iberdrola Renovables and Elecnor.
9th March 2010
AIM-listed Renewable Energy Holdings (REH) is to focus on the wind sector of its business after divesting non-core assets in 2009 as it looks to progress projects in the UK and Poland, the company’s CEO Mike Proffitt told NewNet.
9th March 2010
Wind energy developer Clipper Windpower said its president and CEO Doug Pertz has resigned as it expects to report a loss in the second half of 2009 due to customer order deferrals and increased costs.
9th March 2010
US wind energy company First Wind has been awarded a $117m loan guarantee from the US Department of Energy (DOE) to finance the build of a 30MW Kahuku wind project in Hawaii.
8th March 2010
Listed energy developer Bergamo Acquisition has announced a new, $500m solar power project for the Republic of Lebanon.
8th March 2010
US private equity firm US Renewables Group (USRG) has formed Westerly Wind to provide development capital to wind developers.
8th March 2010
Renewable energy firm China WindPower Group posted a 55 per cent increase in nine-month profit, with income rising to HK$181.2m ($23.24m) from HK$116.8m ($15m), as it announced its 2010 expansion plans.
8th March 2010
AIM-listed investment firm Low Carbon Accelerator (LCA) has invested £500,000 in wind and solar power project developer Vigor Renewables in order to cash-in on UK feed-in tariffs (FITs).
8th March 2010
Swedish wind power company O2 Wind has applied for listing on NASDAQ OMX, with a share price expected in the range of SEK65 (€6.7) to SEK85 (€8.8), and an expected first day of trading on 22 March.
8th March 2010
AIM-listed investor and developer of European wind farms Renewable Energy Holdings (REH) moved to a full-year profit in 2009, helped by the sale of its CETO Wave Technology business to Carnegie Wave Energy.
8th March 2010
India’s largest wind turbine manufacturer Suzlon Energy Limited (SEL)has won a major order from Gujarat State Petronet Ltd (GSPL) to set up, operate and maintain its 52.5MW wind energy project in the Rajkot and Porbandar districts of Gujarat.
8th March 2010
A group of ten European energy and construction majors will today propose a plan to build a super-grid in the North Sea aimed at helping the development of large volumes of offshore wind power, according to reports.
8th March 2010
South Korea-based industrial group Daewoo Shipbuilding & Marine Engineering (DSME) has chosen Nova Scotia, Canada, for its North American production centre for wind turbine towers and blades. The operation will be located in Trenton, Pictou County, and is expected to be operational by fall 2010.
5th March 2010
Italian power utility Enel may merge its Spanish renewable energy assets and those of Endesa into its Enel Green Power subsidiary ahead of a possible sale this year, according to reports.
5th March 2010
US community wind developers OwnEnergy and Horn Wind have completed development of a 51MW wind power project in Texas. The two companies developed the project as a joint venture and have subsequently sold a majority stake in the project to a global renewable energy company.
5th March 2010
India’s largest wind turbine developer Suzlon Energy will increase its portfolio to more than 100MW with a new order from Gujarat State Petronet (GSPL) to set up, operate and maintain a 52.5MW wind energy project.
5th March 2010
The shares of German wind turbine developer Nordex rose slightly on news that it sales climbed marginally in the final quarter of 2009 despite a €40m drop in earnings.
5th March 2010
The European Commission has allocated over €903m to electricity interconnection projects as part of its broader European Economic Recovery Plan, injecting new impetus into long standing electricity grid development plans within the EU.
5th March 2010
NRG Energy is to purchase the South Trent wind farm near Sweetwater, Texas. The 101MW wind farm, which came online in January 2009, consists of 44 Siemens 2.3MW wind turbines.
4th March 2010
Chinese wind turbine manufacturer Sinovel said it plans to raise more than $500m through an initial public offering (IPO) and list on the Shanghai Stock Exchange, according to reports.
3rd March 2010
The Chinese government has put together a ten-year programme to boost the generation of clean energy and ensure it accounts for 15 per cent of the country’s electricity by 2020, according to reports.
3rd March 2010
Spring Capital Asia, a private equity firm investing exclusively in China and Hong Kong, has held a second closing of its debut fund on $184m and tied up an investment in Qingdao Wuxiao Group, a wind and electricity tower manufacturer based in the Shandong Province of mainland China.
2nd March 2010
The 2009 turnover of renewable energy project development firm juwi was dominated for the first time by its international business instead of domestic activity in Germany and told NewNet it plans to increase its American wind business in the coming year.
1st March 2010
Spanish wind company Iberdrola Renovables has created a designated offshore wind division in Glasgow, Scotland to develop a portfolio of offshore wind projects that totals close to 10,000MW around the world.
1st March 2010
Australian electricity giant AGL has entered into conditional arrangements for the construction of the Macarthur wind farm with New Zealand’s Meridian Energy following the government’s proposed changes to the renewable energy target (RET) scheme.
1st March 2010
US power generation company AltaGas said the addition of the 102MW Bear Mountain Wind Park in October supported company earnings, and is expected to further add to earnings in 2010, which will be its first full year in service. The company’s power segment reported solid results despite the weakness in Alberta spot power prices.
1st March 2010
US steel fabricator Schuff Steel Company, subsidiary of Pink Sheets-listed steel fabricator Schuff International, is pursuing the possible construction of a new wind tower manufacturing plant in North Dakota.
1st March 2010
India is to establish a clean energy fund by imposing a tax on coal produced within the country and imported from abroad, the country’s finance minister has announced, which a regional expert told NewNet is expected to generate between $500 and $550m.
26th February 2010
Canadian renewable energy developer Northland Power Income Fund reported consolidated sales in the fourth quarter of 2009 of $59.8m, while income from operations was $19.6m, which it said reflected additional sales revenue from Northland Power’s management services, the Beaver Cove chipping facility and the 128MW Jardin d’Eole wind farm that became operational in November 2009.
26th February 2010
Spanish wind energy generator Gamesa said it predicts a slow first half to the year as it posts a revenue drop of 16 per cent, down to €3.2bn.
26th February 2010
Euronext-listed renewable energy developer EDP Renováveis’ yearly net profits increased ten per cent in 2009 to €114m, up from €104m in 2008.
26th February 2010
NYSE-listed US energy project developer Fluor Corporation’s profit growth in its Government & Power and Oil & Gas segments, which matched or exceeded 2008 results, were offset by declines in its Global Services and Industrial & Infrastructure segments.
26th February 2010
Australia’s largest electricity retailer AGL told NewNet that changes to the government’s renewable energy policy will mean a U-turn in its earlier announcement today that it was to put its wind development projects on hold.
26th February 2010
Energy utility giant, and owner of British Gas, Centrica has said it continued to strengthen its leadership position in offshore wind in 2009 as it reported revenue of £21.96bn, up five per cent on the previous year’s total.
Centrica chairman Roger Carr said 2009 was a ‘transformational’ year that marked the successful culmination of a three [...]
25th February 2010
US wind farm owner Deere & Co said it is reviewing its strategic options for its wind business and has retained Goldman Sachs as exclusive financial advisor.
25th February 2010
Renewable energy sources remain a strong focus of European governments with a variety of incentive schemes being deployed, according to a new study by commercial law firm CMS Hasche Sigle.
25th February 2010
Japanese engineering firm Mitsubishi is to enter the UK offshore wind market with a £100m investment agreement signed with the government.
25th February 2010
Spanish turbine manufacturer Gamesa will decide on whether to set up a factory in the UK in the next three to four months, according to reports.
24th February 2010
Canadian electricity generation and transmission company Nova Scotia Power has formally applied for approval of its agreement to partner with Canadian windpower developer Renewable Energy Services Limited (RESL) to ensure a wind farm planned for the Strait area in Cape Breton comes online as scheduled this year.
23rd February 2010
Clean energy-focused private equity firm Global Environment Fund (GEF) has invested $30m in UPC Renewables to develop wind energy projects in China.
22nd February 2010
International investment banking firm Allegiance Capital has facilitated agreements between Energos and developers of two Texas, US wind power projects.
22nd February 2010
Cashing-in on government incentives and new feed-in tariffs (FITs) will be a strong focus of investment company Low Carbon Accelerator (LCA) in 2010 with a new investment due to be announced in coming days, Andrew Affleck, chairman of investment manager Low Carbon Investors, said.
22nd February 2010
AIM-listed investment company Low Carbon Accelerator (LCA) has recorded net asset value growth for the second consecutive quarter to finish November 2009 at £43.28m.
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