A-Power Energy Generation Systems announced yesterday that its subsidiary, Shenyang Lucky Wind Power Equipments, has entered a partnership with Baoding Huide Wind Power Engineering. The companies will work together on production and research and development, as well as pooling resources and exploring new business opportunities together.
In a press release, Jinxiang Lu, chairman and CEO of A-Power, commented on the partnership:
“We are very excited to partner with Baoding Huide as we continue to enhance … Read the rest
Google just announced that it is investing, via tax equity investments, $38.8 million in 2 wind farms in North Dakota: Ashtabula 2, a 120 MW facility and Wilton Wind 2, a 49.5 MW facility. The wind farms were developed by NextEra Energy Resources, a subsidiary of FPL Group.
In a blog post, Rick Needham, Google’s Green Business Operations Manager explained the investment:
“Smart capital includes not only these early-stage company investments, but also dedicated … Read the rest
Constellation Energy jut announced that it has finished acquiring the Criterion wind project in Maryland from Clipper Windpower, Inc. Constellation Energy will build, develop, own and operate the 70 MW wind farm. Power and renewable energy credits produced will be purchased by Old Dominion Electric Cooperative under a 20-year power purchase agreement after the wind farm is up and running, which is scheduled to happen by the end of the year.
In a press release,… Read the rest
Together, General Electric Company and Vestas Wind Systems took a combined 56% of the US market in 2008, selling an unprecedented 4,648 megawatts. Overall, wind power installations rose by 58% last year, with a total of 8,300 megawatts. Employment in the wind industry was also up to 85,000 employees, an increase of 70 percent, here are statistics from last year for the leading wind companies:
GE, based in Fairfield, Connecticut, retained the lead in largest … Read the rest
AES Geo Power, a Bulgarian company owned by AES Corporation, signed an agreement to finance a 52-turbine, 270 million Euro wind farm in Bulgaria. Out of the total cost, 198 million euro will be financed by a group of banks including European Bank for Reconstruction and Development, the World Bank’s International Financial Corporation and Italian bank UniCredit SpA (UNCFF).
Construction of the wind farm is expected to be completed in the latter half of … Read the rest
Otter Tail Corporation announced today that is offering 5,000,000 shares of common stock to the public in order to finance the expansion of existing wind farms and the construction of a new wind farm. The proceeds from the offering will provide the company with funds for the construction of the Ashtabula Wind Center in North Dakota and the expansion of existing facilities in Oklahoma and North Dakota.
The company also updated its expected earnings per … Read the rest
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