Category: News

November 28 2014

Brazil’s Bolognesi to Build $2.3 Billion LNG-Fired Power Plants

With two thermal projects of 1,238 megawatts each, the Porto Alegre, Brazil-based company won contracts to sell power for 25 years starting in 2019, the Sao Paulo-based electricity trading board CCEE said in a statement today.

November 28 2014

Ofgem Publishes 17 Billion-Pound Investment Power Plan

The plans on what five of the six companies that run Britain’s local electricity network can charge customers starting April 2015 are in line with draft proposals that Ofgem published in July. With Western Power Distribution LLP’s prices agreed on earlier, the network investments over the next eight years will total 24 billion pounds, it said in a statement.

November 28 2014

TRIG Buys Onshore Wind Farm in Ireland for 17.3 Million Euros

TRIG bought the 25.3-megawatt operational wind farm in County Cork from Renewable Energy Systems Ltd., Guernsey-based TRIG said today in an e-mailed statement. It takes its total portfolio of onshore wind and solar plants to about 439 megawatts, it said.

November 25 2014

Tax-Break Plan Costing $450 Billion Said to Be Near Completion

Any bipartisan agreement announced in Congress may not win the support of the White House, making its fate uncertain.

November 25 2014

Severn Trent’s Pretax Profit Rises 10% After Dry Summer

Sales advanced to 947.7 million pounds ($1.49 billion) in the six months through September from 922.4 million pounds a year earlier, the Coventry-based company that supplies water to about 7.7 million people said today. Underlying pretax profit rose 10 percent to 155.8 million pounds. The utility increased its interim dividend 5.6 percent to 33.96 pence a share.

November 25 2014

Yingli Solar Falls on Lower 2014 Shipments; Loss Narrows

The company expects to ship 3.3 gigawatts to 3.35 gigawatts of panels this year, compared with forecasts of 3.6 to 3.8 gigawatts in August and as much as 4.2 gigawatts previously, it said in a statement today.

November 25 2014

JX Energy to Build Four Solar Power Stations Across Japan

The company will build a 2.5-megawatt station in Akita, a 2-megawatt plant in Ibaraki, a 1.1-megawatt plant in Saitama and a 1.3-megawatt plant in Hiroshima, according to a statement today. No financial terms were disclosed.

November 24 2014

Apex Clean Energy Receives $13 Million Financing From 13 Backers

Apex is getting the funds from 13 investors, according to a filing today with the U.S. Securities and Exchange Commission that didn’t say how the company will use the money.

November 24 2014

U.S. Planning Largest Wind-Energy Auction Off Massachusetts

The area will be divided into four zones and may produce enough power for 1.4 million homes, the department said today in an e-mailed statement. Twelve companies, including Fishermen’s Energy LLC, Deepwater Wind LLC and Iberdrola SA, are qualified to bid on the areas about 14 miles off the coast. The auction is scheduled for Jan. 29.

November 24 2014

Invenergy Secures Financing for 207-Megawatt Wind Farm in Texas

Morgan Stanley affiliates arranged debt financing, including construction loans, Chicago-based Invenergy said today in an e-mailed statement. Invenergy also received tax-equity commitments from undisclosed institutions. Alissa Krinsky, a company spokeswoman, declined to comment on the amount received or financial terms.