Siemens Wind Power CEO Andreas Nauen leaves to head REpower
16th March 2010
The head of Siemens’ wind power division, Andreas Nauen, has left to become chief executive of rival REpower and is due to join on 1 October 2011 at the latest.
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Posts Tagged ‘wind’
Atlantic Wind and Solar signs $120m project financing agreement with Canada Green ESCO
16th March 2010
Pink Sheets-listed Atlantic Wind and Solar has successfully completed a $120m financing agreement with green energy funding company Canada Green ESCO, which it said paves the way for its wholly owned subsidiary Atlantic Solar to proceed with its photovoltaic projects and expand its foothold in the Ontario rooftop market.
Renewable energy company RES secures funding for Scottish wind farm under European Investment Bank scheme
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
Mass Megawatts Wind Power reports net losses in third quarter
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.
First Chinese wind turbine plant in US to be built by manufacturer A-Power Energy Generation Systems
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.
Dong Energy increases renewables push as profits drop three-quarters in 2009
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.
Wind energy industry calls for national US renewable energy standard to drive growth
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.
Spanish renewable energy company Acciona wins €450m Mexico wind park deal
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.
Renewable Energy Holdings to focus on wind projects after asset sales led to 2009 profit
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.
Clipper Windpower CEO resigns as company posts 2009 second half loss
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.
First Wind receives $117m loan from US government for Hawaii wind project
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.
Bergamo announces $500m Lebanese solar power project
8th March 2010
Listed energy developer Bergamo Acquisition has announced a new, $500m solar power project for the Republic of Lebanon.
US private equity firm US Renewables Group forms wind development arm
8th March 2010
US private equity firm US Renewables Group (USRG) has formed Westerly Wind to provide development capital to wind developers.
China WindPower Group reports profit jump, sets out expansion plans
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.
Clean energy investor Low Carbon Accelerator looks to cash-on in UK incentives with investment in Vigor Renewables
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).
Swedish wind energy firm O2 Wind applies for March listing on NASDAQ OMX
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.
REH moves to full year profit on sale of CETO Wave Technology
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.
Suzlon receives 52.5MW wind turbine order from Gujarat State Petronet
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.
South Korea-based Daewoo chooses Nova Scotia for wind turbine production plant
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.
OwnEnergy and Horn Wind complete development of 51MW Texan wind farm
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.
Wind turbine manufacturer Suzlon secures Indian wind farm deal and pushes portfolio to more than 100MW
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.
German wind turbine developer Nordex reports rise in Q4 sales but sees earning plummet in 2009
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.
NRG Energy to acquire South Trent wind farm
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.
Chinese wind turbine manufacturer Sinovel plans $500m IPO
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.
Spring Capital Asia raises $184m, invests in wind tower manufacturer
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.
Acciona to invest €3.8bn in energy, infrastructure, waste management and R&D between 2010 and 2013
2nd March 2010
US renewable energy company Acciona plans to invest around €3.8bn in energy, waste management, R&D and infrastructure between 2010 and 2013, according to its latest strategic plan.
German renewable energy company juwi eyes Americas as international turnover exceeds domestic base
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.
Spanish wind developer Iberdrola Renovables creates offshore wind division in Glasgow, UK
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.
AGL signs agreement with New Zealand’s Meridian Energy for Macarthur wind farm
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.
Altagas predicts Bear Mountain Wind Park will add earnings after 2009’s dip in earnings
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.
Schuff Steel pursues wind tower manufacturing
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.
Northland Power Income Fund’s additional renewable energy plant sales bump profits up
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.
Spanish wind energy generator Gamesa predicts tough 2010, posts 16 per cent revenue drop
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.
Renewable energy developer EDP Renováveis shows steep curve in profits
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.
Fluor’s power and renewable infrastructure profits lag behind oil and gas
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.
Australian policy change puts wind projects back in picture for energy retailer AGL
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.
Centrica reports increased revenue as it pushes ahead with wind projects
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 [...]
Deere considers strategic options for wind farm business
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.
Japan’s engineering giant Mitsubishi commits £100m to UK offshore turbine project
25th February 2010
Japanese engineering firm Mitsubishi is to enter the UK offshore wind market with a £100m investment agreement signed with the government.
Nova Scotia Power and Renewable Energy Services to partner for offshore wind farm
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.
US utilities put wind ahead of solar in upcoming power portfolios, according to new study
23rd February 2010
More than three-quarters of US utilities have wind power projects under construction or planned within the next five years, putting this form of renewable energy above solar power, according to a new study by engineering and construction giant Black & Veatch (B&V).
Clean energy investor Global Environment Fund invests in UPC Renewables to tap Chinese wind market
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.
Energos to provide capital for 400MW of wind projects
22nd February 2010
International investment banking firm Allegiance Capital has facilitated agreements between Energos and developers of two Texas, US wind power projects.
RWE Innogy to invest in second wind farm in Italy
22nd February 2010
German wind power developer RWE Innogy said it will invest in its second onshore wind farm in Italy. The Ururi wind farm, which the company said is due to be commissioned by the end of 2010, has a capacity of 26MW will be built approximately 20km southeast of the coast town of Termoli in the Italian region of Molise.
Energy storage system developer Saft to power world’s largest wind and diesel hybrid in Caribbean
19th February 2010
Global battery designer and manufacturer for industry and defence, Saft, is supplying a 3MW energy storage system to the world’s largest hybrid wind and diesel power project on the Caribbean island of Bonaire, to ensure a continuous supply of grid electricity.
Lake Country Wind Energy secures 25,000 acres for community wind project
18th February 2010
US wind developer Lake Country Wind Energy and US community wind developer National Wind have secured nearly 25,000 acres of land for a jointly developed wind project.
UK invests £8m in wind energy projects
18th February 2010
The UK government has made £8m available to be invested in projects to support the development of new wind turbines, in addition to the £18m already awarded and its recent decision to issue rights for 32GW of capacity, which it said is the biggest expansion of offshore wind of any country in the world.
NECO Wind awarded $2.5m to finance community wind development
17th February 2010
US community-based wind development company NECO Wind has been awarded a $2.5m Community Renewable Energy Grant by the US Department of Energy (DOE) to help finance its community-based wind energy development.
US renewable energy plant manufacturer Argan and Unamsco discontinue merger negotiations
17th February 2010
US NYSE-listed renewable energy plant designer Argan and United American Steel Constructors have mutually terminated the non-binding letter of intent and discontinued merger negotiations announced in August 2009.
Ingeteam to build renewable energy production facility in Milwaukee, US
17th February 2010
Spanish electrical and electronic equipment company Ingeteam is set to construct a $15m facility in Milwaukee to manufacture equipment for renewable energy projects.
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profiles
NewNet Investor Profile: James Hall-Smith, HSBC Specialist Fund Management
11th March 2010
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'--- 1 Comment
knowledge
Europe on track to beat 2020 renewable target
15th March 2010
The European Union said that it is on track to meet its commitment for 20 per cent of power production met by renewable resources by 2020. The EU is on course to surpass the target set out in the Renewable Energy Directive by 0.3 per cent, according to a recent forecast.--- 1 Comment
features
US biodiesel supplier Renewable Energy Group says industry has ground to halt without incentive
12th March 2010
Biodiesel supplier Renewable Energy Group (REG) told NewNet the biofuels industry in the US has almost entirely ground to a halt since the lapse of the government tax credits took effect at the beginning of the year.--- 2 Comments
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