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.
Linde North America, Inc., signed a contract with Portland General Electric to supply sustainable, wind-generated power for a significant portion of its electric requirements to its Hillsboro, Oregon, air separation unit which makes ultra-high purity gaseous nitrogen and oxygen.
Wind Capital Group LLC, the US wind business of Dublin-based renewable energy investor, NTR plc, has agreed to sell 350MW of operating US wind assets to Pattern Energy Group Inc. for a total consideration of $244 million. The assets consist of Post Rock, located in Kansas, and Lost Creek, located in Missouri, which have been operating for an average of over three years. The sale of these assets is subject to regulatory approval and certain commercial consents.
Eolus expands its operations in Finland by acquiring a stake of 30 MW in the wind power project Pörtom in Närpes in Ostrobothnia. Eolus Finnish subsidiary buys all shares in the company Triventus Pörtom Wind Oy for 500 TEUR from Triventus.
Siemens has been awarded an order from Apex Clean Energy to supply, support installation and provide long-term service for 130 wind turbines for the Kay Wind project to be located in Kay County, Oklahoma, approximately two hours north of Oklahoma City.
GE Energy Financial Services, a unit of GE, announced today that it has signed an agreement with SSE plc, one of the largest generators and suppliers of energy in the UK, to acquire the 16-megawatt Langhope Rig wind farm, which is nearing construction completion near Hawick, in the Scottish Borders. Situated approximately 55 miles south of Edinburgh, the project supports GE’s commitment to international expansion and investing USD $1 billion annually in renewable energy projects worldwide.
A new report from Navigant Research covers developments in the wind energy sector during 2014, including an analysis of the important changes in the industry over the last 3 years and global market forecasts through 2019.
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