Canada's Algonquin bids for Atlantica Yield stake: report

Canada’s Algonquin Power & Utilities, a growing player in the North American renewables market, has reportedly offered to buy Abengoa’s stake in Atlantica Yield, among the world’s leading owners of concentrated solar power (CSP) projects. Algonquin is ready to pay around €700m ($817m) for Abengoa’s 41% stake in Atlantica Yield, higher than any other offers currently on the table, according to a p

Solar  rechargenews.com 21 Jul 17:37 GMT Karl-Erik Stromsta in New York

Renewables pulls its weight within a struggling GE

Shares of General Electric tumbled Friday morning after the US industrial bellwether reported sharply lower quarterly profits and an analyst wondered whether the company is “in limbo” as it changes chief executives and re-evaluates its sprawling business empire. Renewables were a bright spot for GE in Q2, but even there the news was not all good. On the plus side, GE Renewable Energy’s revenues

Transition  rechargenews.com 21 Jul 15:50 GMT Karl-Erik Stromsta in New York

Indian minister floats monthly wind bidding as first PPAs signed

India’s power minister Piyush Goyal flagged the idea of monthly wind auctions as the country signed power purchase agreements (PPAs) for more than 1GW following its first national tender. Goyal said frequent tenders – which he said would have to be “calibrated” to ensure affordability for consumers – and more freedom for India’s states to decide their mix of renewable sources could help the wind

Wind  rechargenews.com 21 Jul 15:07 GMT Andrew Lee in London

GE Renewable Energy boosts second-quarter profits by 25%

GE Renewable Energy increased profits by 25% in a second quarter the US industrial giant said showed “solid growth” for the business unit. The renewables business delivered a $160m profit to the group in the April-June period, up from $128m at the same stage last year, on revenues 17% higher at $2.46bn. GE Renewable Energy orders were 2% higher, with equipment bookings 12% ahead in a quarter tha

Wind  rechargenews.com 21 Jul 11:16 GMT Andrew Lee in London

Wind profits leap at Vattenfall as big projects come online

Profits almost doubled at the wind power business of Sweden’s Vattenfall as it piled on capacity in the first half of the year. The state-controlled utility's wind unit posted an underlying operating profit of SKr1.05bn ($121m) for the January to June period, up from SKr597m at the same stage in 2016. Vattenfall refocuses RE around Offshore, Onshore, PV & Battery Vattenfall – which is investing

Transition  rechargenews.com 21 Jul 09:11 GMT Andrew Lee in London

EIB to finance Greek wind farms

The European Investment Bank (EIB) has signed a €24m ($28m) financing agreement with Greece’s Terna Energy to help fund the development, construction and operation of three wind farms in central Greece. The projects will have a combined installed capacity of 48.6MW. A total of 18 turbines – eight for one location and five for each of the other two – will be built. The wind farms, which will be

Wind  rechargenews.com 21 Jul 08:41 GMT Anamaria Deduleasa

Siemens Gamesa confirms Tolo 1 deal with Equis in Indonesia

Siemens Gamesa has confirmed it will equip the Tolo 1 wind farm that will be one of the first built in Indonesia, as first reported by Recharge. The deal will see the Spain-based manufacturer deliver 20 of its SWT-3.6-130 machines to the project, which is due to be commissioned in early 2018 in Jeneponto on the island of Sulawesi. Equis switches to Siemens from Vestas for Indonesian wind The

Wind  rechargenews.com 21 Jul 07:52 GMT Andrew Lee in London

US House panel adds potential hurdle for Maryland offshore wind

A powerful committee in the US House of Representatives has adopted an amendment that effectively bars installation of wind turbines within 24 nautical miles (44.4km) of Maryland’s coast, posing an unexpected potential hurdle for two projects approved for subsidy support by state regulators. In May, Maryland’s Public Service Commission awarded offshore renewable energy credits (ORECs) worth $131.

Wind  rechargenews.com 21 Jul 00:05 GMT Richard A. Kessler in Fort Worth

Alterra Power closes finance for 200MW Flat Top in Texas

Alterra Power Corp. has completed financing for its 200MW Flat Top wind project in central Texas, while announcing it has sold 49% sponsor-partner interest to a fund managed by BlackRock, the world’s largest asset manager based in New York. Alterra's Flat Top Wind I, LLC, unit gave wind turbine manufacturer Vestas a firm order to supply 100 of its V110-2MW turbines for the project, and service th

Wind  rechargenews.com 20 Jul 17:14 GMT Richard A. Kessler in Fort Worth

Iberdrola to enter Italian retail power market

Spanish energy group Iberdrola is set to enter the Italian retail electricity market, where it will compete with local giants such as Enel. Iberdrola, which on Thursday unveiled increased first-half net profits, told Recharge it expects to eventually reach millions of customers in the country. 'Seismic shift' as European utility sector vows to lead energy transition Commercial director Inigo Al

Transition  rechargenews.com 20 Jul 15:38 GMT Andrew Lee