Suzlon’s deal to sell turbine OEM Senvion to Centerbridge, a New York-based private equity firm, marks the end of months of speculation over the Indian group’s plans for its German subsidiary – and the chance of a fresh start for all parties.
22 January 2015 11:50 GMT
Indian wind group Suzlon today rushed out a statement to investors denying it has agreed a sale of Germany-based turbine OEM Senvion, as its shared soared on Indian media reports that it is in advanced talks with US private equity group Centerbridge Partners.
19 January 2015 04:18 GMT
Renewable technologies such as solar and wind are increasingly competing with conventional forms of generation on cost, with the levelised cost of electricity (LCOE) of PV falling by half over the four years to 2014, the International Renewable Energy Agency (IRENA) said at its fifth assembly in Abu Dhabi this week.
19 January 2015 10:21 GMT
Modec’s 500kW Skwid hybrid wind/tidal offshore turbine has sunk off the coast of the Japanese island of Kyushu for a second time, marking the latest setback in the Japanese marine contractor’s plans to test the ambitious prototype.
19 December 2014 08:45 GMT
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