UL, a world leader in advancing safety, has entered into a definitive agreement to acquire DEWI GmbH, a world leader in wind energy measurement and testing services, from the German state of Lower Saxony. Additionally, UL has agreed to acquire a 50.8 percent stake in DEWI GmbH, an accredited DAP (Ge
According to the Associated Press, the largest Massachusetts-based, investor-owned electric and gas utility, NStar decided to purchase power from Cape Wind offshore wind farm. The contract is worth $1.6 billion and is intended for15- years- long period. This is $940 million more that the market pric
The Navy’s energy future was the focus of a two-day NAVFAC Conference and Industry Day held March 26-28 at the Koa Malina Officers Club, Marine Corps Base Hawaii (MCBH), Kaneohe Bay. The Navy, in partnership with the U.S. Department of Energy, will select three ocean energy power developers to occup
The new Chief Executive Officer of Nordex SE, Dr. Jürgen Zeschky, presents the group accounts for the first time. In addition, Zeschky underscores that the Management Board, acting with the approval of the Supervisory Board, has decided to continue on the path of strategic reorientation already anno
According to Grimsby Telegraph, Grimsby Renewables Partnership announced close cooperation with a group of various town companies, interested in taking part in maintenance of turbines in the North Sea, £1.6 billion worth project and numerous other projects related to renewable energy. The firms agre
Cape Wind will reduce wholesale electric prices for the New England region by $7.2 billion over 25 years, according to a new report published by Charles River Associates, a leading economic consulting firm. The report shows that ISO New England, the electric grid operator, first dispatches electric
Following the NSTAR / Cape Wind long term Power Purchase Agreement with the Massachusetts Department of Public Utilities, the Cape Wind President Jim Gordon released the stetement : “Today’s filing of the Cape Wind/Nstar Power Purchase Agreement is about moving forward to deliver energy, environment
Korean engineering giant, Samsung Heavy Industries (SHI) after deciding to base its first offshore wind project at Methil in Fife, might increase its presence in Europe if it decides to open a research and development centre in Glasgow, The Herald Scotland informed. Namely, SHI confirmed to Nick Cle
China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”), a leading wind turbine manufacturer in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2011. Fourth Quarter 2011 Financial Highlights: Total wind turbine generators
On November 1st, 2011 Marubeni Corporation acquired a 49.9% stake in DONG Energy’s 172MW Gunfleet Sands offshore wind farm, with arrangements for the project financing of Marubeni’s equity portion being initiated. Marubeni announce that on March 30, the project financing, utilizing Overseas Untied L
Hitachi Ltd. and Fuji Heavy Industries, Ltd. have reached a basic agreement on the assignment of FHI’s wind turbine generator system business to Hitachi. Towards the completion of assignment, which is planned for July 1, 2012, Hitachi and FHI will discuss the specific terms of the future agreement.
Nordic Capital Fund VII (“Nordic Capital”) today announced the acquisition of Bladt Industries A/S (“Bladt” or “the Company”) from Maj Invest Equity, Industri Udvikling and Bladt management. Bladt, headquartered in Aalborg, Denmark, is an international steel contractor specializing in large-scale an
Despite of the fast development of EU wave and tidal power technology due to the shortage of governmental financial support and that of big investors, considerable time will have to pass before this sector becomes a reliable source of energy, Eur Activ informs. According to renewables manager at UK
The U.S. Army reported on March 19 that it will partner with industry to invest up to $7 billion over the next 10 years in renewable energy sources, including wind, solar, biomass, and geothermal energy. The military department has released a draft request for proposal (RFP) that could allow multipl
