Wind turbine maker Clipper Windpower has hired Mauricio Quintana, 42, a director at United Technologies (UTC), as chief executive officer and president, effective immediately — see here for the full press release. Read More »
Opportunity abounds, even in this difficult credit environment. That’s at least what clean energy-focused investment fund US Renewables Group (USRG) thinks. Today the firm launched Westerly Wind, a new venture that will provide financing to wind developers that are having a hard time raising capital. Read More »
Last week Senator Chuck Schumer (D-NY) — and three other Senator — urged the Obama administration to cut stimulus funding for renewable energy projects that offshore their manufacturing. Read More »
Sen. Schumer says he's ready to cut stimulus funding for foreign wind farms.
It turns out we were wrong. Last November Senator Chuck Schumer (D-NY) shook the renewable energy world when he demanded that the Obama administration cut stimulus funding to what could be the first Chinese-owned U.S. wind farm. Schumer argued that the $1.5 billion, 600 megawatts project developed by China’s A-Power Energy Group, should not get stimulus money because the turbines powering the facility would be manufactured in China. Read More »
UPDATE: German power and gas utility E.On has no plans to sell its U.S. renewable energy business, E.On Climate & Renewables, which is headquartered in Chicago.
The market is too attractive to walk away from, says a company spokesman in an email to GER. He points out that E.On Climate & Renewables and E.On’s Midwest power business are two separate entities.
Below are highlights of the email we received from E.On:
There are definitively no plans to divest the [U.S.] wind business. Quite the contrary, we are currently very bullish about the future of wind and solar in the U.S. given President Obama’s new energy policy…
The E.On spokesman declined to comment on the reported sale of the U.S. regulated business.
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GER understands that E.On’s U.S. wind portfolio is not for sale. It is a separate business that operates as part of the company’s Chicago-based E.ON Climate & Renewables business and is not part of the company’s Midwest power utility business. We’ve called E.On and will post when we get an update. Read More »
