UK PE Firm 3i Eyes Sale of Spanish Wind Company
British private equity firm 3i Group is looking to sell Global Energy Services, the Spanish wind company, and has hired Citi to help it find a buyer. Read More »
Details Trickle On Exelon’s Wind Acquisition
Chicago-based power company Exelon plans to finance its $900 million acquisition of Deere & Company’s wind energy business on debt. Read More »
Exelon Buys John Deere’s Wind Biz
Deere & Company, the he world’s largest farm-equipment maker, has agreed to sell its John Deere Renewables wind energy business to Chicago-based power company Exelon for $900 million. Read More »
U.S.-Made Steel For Controversial Chinese-Backed Texas Wind Project
Will the news please Senators Chuck Schumer (D-N.Y.) and Sherrod Brown (D-Ohio)?
The Chinese project developer of a controversial Texas wind project certainly hope so.
On Friday A-Power Systems, the Chinese wind turbine supplier that is partnering with Shenyang Power Group and U.S. partners to build a 600-megawatt wind farm in West Texas, said they would buy about 50,000 tons of U.S.-made steel to support construction of this landmark renewable energy project. Other project partners include United States Renewable Energy Group and Cielo Wind Power, an Austin-based project development company. Read More »
Development of Delaware Offshore Wind Project Delayed By BP Spill
The regulatory fallout from BP’s Gulf oil spill is inflicting collateral damage on a major offshore wind project in Delaware.
Hoboken, N.J.-based NRG Bluewater Wind officials said the restructuring of the Minerals Management Service, (MMS) following the Gulf spill could delay the development of its Mid-Atlantic offshore wind project by up to two years. The facility was initially scheduled to come online in 2014 but , under a new timeline, NRG Bluewater officials said it won’t start operating until 2016.
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