China Ming Yang Wind Power Group Limited ("Ming Yang"), a leading wind energy solution provider in China, today announced that Ming Yang has entered into share purchase agreements ("SPAs") on May 18, 2015 pursuant to which it has acquired a 99% stake in China Smart Electric Group Limited ("China Smart"), a Cayman Islands company.
Pattern Energy Group Inc. ("Pattern Energy"), today announced it has closed the previously announced acquisition of two operational wind power facilities totaling 351 megawatts (MW) from Wind Capital Group, LLC ("WCG") and its affiliates for a final purchase price of $242 million plus assumed net debt of $102 million.
Research and Markets has announced the addition of the "Wind Power in France, Market Outlook to 2025, Update 2015 - Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles" report to their offering.
The Rocky Mountains certainly aren't known for their mild winters. But in contrast to the upper Midwest, which seems to exist in a perpetually frozen state from November through March, the plains just east of the Rockies do get an occasional reprieve from the bitter cold: the Chinook winds.
SheerWind Inc., a Chaska, Minnesota, USA based developer of wind-power systems, has signed a licensing agreement that will allow its technology to be marketed and deployed in Denmark.
Sauer Energy Inc. ("SEI"), developer of the patented WindCharger® vertical axis wind turbine (VAWT) and manufacturer of the patented WindCutter®, vertical axis wind turbine, SEI announced that four (4) new patents have been awarded by the U.S. Patent and Trademark Office ("USPTO") to support additional features for their wind turbine energy production line.
Finavera Wind Energy Inc. ('Finavera Wind Energy', 'Finavera' or the 'Company') is pleased to announce it has signed a Share Purchase Agreement (the "Agreement") to acquire 100% of the equity of Solar Alliance of America, Inc. ("Solar Alliance"). Under the terms of the Agreement, Finavera will acquire Solar Alliance for 11,915,238 shares of the Company and contingent payments of up to $4 million USD in cash comprised of up to four instalments of $1 million USD.
Pattern Energy Group Inc. ("Pattern Energy"), today announced its acquisition of the 150 megawatt (MW) Amazon Wind Farm (Fowler Ridge) project in Indiana from Pattern Energy Group LP ("Pattern Development"). Upon completion of the project, Pattern Energy will have an owned interest of 116 MW and it is expected that institutional tax equity investors will acquire the balance. Pattern Energy acquired the Amazon Wind Farm (Fowler Ridge) project for a total cash funding commitment of approximately US$127 million, a portion of which will be used to pay down construction debt upon the completion of construction. The acquisition will be funded from available cash and credit facilities.
ABB, the leading power and automation technology group, has won orders worth around $30 million from Casa dos Ventos, a leading renewables company in Brazil, to provide substations and related power infrastructure enabling the efficient integration of power from two new wind complexes (comprising 13 wind farms) into the country’s transmission grid. The orders were booked in the first quarter of 2015.
On 22 April 2015, it is world Earth Day. The idea is to raise awareness of the need to rely on renewable energy. The EU requires its member states to provide a a 27% share of renewable energies by 2030—up from a 23.3% share of the overall electricity generated in Europe in 2012.
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