WindPower Innovations announced that the contract to purchase XH Industries has been successfully completed without contingencies and with immediate closing date. With the successful of acquisition of the company, WindPower now owns XH Industries’ fully equipped operating facilities in Washington and California. The company was purchased through restricted common stock and some cash that has to be paid next year.
Sinovel Wind Group Co., Ltd., the largest wind turbine manufacturer in China, has placed an order for full electrical control systems for wind turbines with American Superconductor Corporation (AMSC). This initial order will be utilized by Sinovel for its first 5-MW doubly fed induction wind turbines. The electrical control systems are expected to be delivered by the second half of 2010.
Saudi American Holdings Corp. announced its intention to expand into the green energy sector through investments and acquisitions including renewable energy sources and wind power. Saudi American Holdings, which is based in Florida, is an international holding company with a mandate to acquire undervalued private companies with a potential to enhance existing profitability. The decision to pursue investments in the green energy sector aligns perfectly with the strategy of the company to make investments in undervalued companies that are managed well by its executives.
Pattern Energy Group has signed a 27-year contract with Manitoba Hydro-Electric Board for the sale of power produced from the under-construction 138-MW St. Joseph Windfarm located in southern Manitoba.
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced today that it has received an initial order for full wind turbine electrical control systems from China’s largest wind turbine manufacturer, Beijing-based Sinovel Wind Group Co., Ltd. (Sinovel). The systems will be deployed in Sinovel’s first 5 megawatt (MW) doubly fed induction wind turbines.
With the recent addition of a new contract to provide complete operations and maintenance services to the Woodstock Hills wind farm, Juhl Wind Inc. has expanded its service and maintenance business. The company’s 100% subsidiary received the contract recently. The Woodstock Hills wind farm is located in the city of Woodstock, Minnesota. A community-based joint venture company along with Edison Mission Energy owns the wind farm.
Terra-Gen Power, LLC announced that a $394-million financing has been closed by the company for its 150-MW Alta Wind I project in Tehachapi, California. A construction and term loan, a bridge loan, and ancillary credit facilities are included in the financing.
A new national polling data released by the Solar Energy Industries Association (SEIA) revealed that 75% of the surveyed indicated their support for utilizing public lands other than reserved for natural reserves or for national parks for the development of solar power plants. Gotham Research Group had conducted the poll.
The S52 wind turbine has a three independent blade pitch control system that operates in the temperature ranging from -5 degrees centigrade to +90 degrees centigrade.
WECS Electric Supply offers a wide range of electrical products that are used in the wind power industry. The EmPowr 35kV link underground distribution cable, supplied by the company, is manufactured by General Cable. This wind farm power cable consists of a conductor, insulation, conductor shield, insulation shield, jacket and concentric neutral. The wind farm cable features a water blocked construction with water blocked conductor.
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