General Electric has been awarded the turbine-supply agreement for the groundbreaking Gaildorf project in Germany, which will directly link onshore wind turbines with a pumped storage hydro-electric facility for the first time anywhere in the world.
In a big vote of confidence in the future of Canadian offshore wind, Danish fund manager Copenhagen Infrastructure Partners (CIP) has entered a partnership with Beothuk Energy, starting with the joint development of the 180MW St. George's Bay project off the coast of Newfoundland.
28 September 2016 01:07 GMT
Vietnam’s status as a major emerging wind power market was reinforced as GE Energy Financial Services (GEFS) linked with global developer Mainstream Renewable Power (MRP) to finance, build and operate large-scale plants in the country.
28 September 2016 08:25 GMT
In a severe blow to Canada's largest renewables market, Ontario unexpectedly suspended its plan to sign contracts with developers for nearly 1GW of new capacity, citing a desire to hold electricity prices down amid a glut of electricity in the province.
27 September 2016 04:24 GMT
A trades secrets dispute between two of the biggest names in the global PV industry is brewing in the US after a unit of SunPower accused SolarCity of taking its intellectual property (IP) – just as the latter enters a crucial phase in its planned $2.6bn acquisition by Tesla.
27 September 2016 11:00 GMT
Fred Olsen Renewables’ long-brewing acquisition of the Icebreaker US offshore wind project is “going to happen”, says the Lake Erie Energy Development Co. (LEEDCo), which also confirmed MHI Vestas as the “preferred supplier” for its 20.7MW project off the coast of Cleveland, Ohio.
23 September 2016 04:36 GMT
Shares of Enphase Energy collapsed Friday morning, pushing the troubled US micro-inverter maker towards penny stock territory, after it announced a restructuring programme and said it will sell millions of new shares at a big discount.
23 September 2016 01:50 GMT
ABB has won orders worth over $85M from Hydro-Québec to upgrade its 800kV air-insulated switchgear substations and transmission grid, a move driven by rising power demand and need to integrate new renewable energy sources.
22 September 2016 04:52 GMT
Azure Power, the pioneering Indian solar developer, applied to list shares on the New York Stock Exchange, saying it will take in net proceeds of $114m if its shares sell at the midpoint of the initial public offering range of $21-$23.
22 September 2016 03:30 GMT
The US solar market is on a decade-long hot streak, and yet many of the best-known American solar companies are struggling to turn a profit. And that deeply conflicted picture may not change any time soon.
22 September 2016 12:24 GMT
Lekela Power, the African renewables platform backed by Ireland’s Mainstream Renewable Power and private-equity investor Actis, scored $250m in financing and $70m in reinsurance from the US Overseas Private Investment Corporation (OPIC) for a 158MW wind farm in Senegal.
21 September 2016 06:12 GMT
Key emerging renewables market Chile became one of the latest to sign up to the Paris Agreement as the historic climate deal passed the 55-nation threshold that is one of its two goals for ratification.
21 September 2016 03:44 GMT
French investment firm Ardian Infrastructure has acquired an 81% controlling stake in four solar PV plants in South America from Spanish developer Solarpack – Ardian’s first acquisition in the region as part of a strategy to expand its renewable energy footrprint.
20 September 2016 04:23 GMT
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