More Power Industry Financial News

NRG Systems reduces workforce

05/21/2012

NRG Systems, a provider of wind measurement products, has announced that it will reduce its workforce by 18 employees in response to ongoing uncertainty and volatility in the global wind energy industry.

Will Chinese solar module tariffs restore balance to the industry?

05/21/2012

In the quest to "level the playing field," the 31 percent anti-dumping tariff announced Thursday was a good start, said SolarWorld President Gordon Brinser, but even more is needed to bring the industry back into balance.

Financing secured for 20 MW solar power project in Arizona

05/18/2012

The North American Development Bank (NADB) and SunEdison have signed a $65 million loan agreement for the construction of a 20 MW solar park in Picture Rocks, Ariz.

Update 2: Commerce Dept. imposes more tariffs on imported solar parts

05/18/2012

The U.S. Department of Commerce May 17 imposed more tariffs on solar panels and modules imported from China.

DOE to fund wave energy at U.S. Navy test site

05/18/2012

The U.S. Energy Department (DOE) announced $500,000 available in 2012 to support a project to deploy and test a wave energy conversion device for one year at the U.S. Navy’s Wave Energy Test Site on the island of Oahu.

WPL looks to purchase natural gas-fired power plant

05/18/2012

Wisconsin Power and Light Co., a subsidiary of Alliant Energy Corp., said it exercised its option to purchase Riverside Energy Center LLC, which owns the Riverside Energy Center, from Calpine Corp. for $392 million.

5-16 Henry Hub Average Natural Gas Spot Prices

05/17/2012

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

Alliance developed to deploy Westinghouse small modular nuclear reactor technology

05/17/2012

Westinghouse Electric Co. and the Missouri Electric Alliance, led by Ameren Missouri, have formed a utility participation group, the NexStart SMR Alliance, to support the deployment of the Westinghouse 225 MWe small modular reactor (SMR).

EPA requests budget increase to research hydraulic fracturing

05/17/2012

In its budget requests for 2013, the U.S. Environmental Protection Agency (EPA) said it wants a funding increase to investigate hydraulic fracturing technologies.

Wind power project receives $246mn financing

05/17/2012

Elecnor received C$250 million ($246 million) in financing for the development of the 100 MW L'Erable wind farm currently being built in Quebec, Canada.

ABB completes acquisition of Thomas & Betts

05/16/2012

ABB has completed the acquisition of Thomas & Betts, a Tennessee-based provider of low-voltage products.

Revised plan for clean coal power plant could save customers $437.7mn in 20 years

05/16/2012

Under the revised "Power Block First" proposal for the 611 MW Taylorville Energy Center (TEC) in Illinois, electricity customers in the state could save an estimated $437.7 million over a 20-year period, including more than $250.6 million in the plant's first five years of operation.

Mexico will require $20bn investments in power generation through 2026

05/16/2012

The energy minister of Mexico said the country would require $20.1 billion in power generation investments through 2026.

URS completes acquisition of oil and gas products company

05/15/2012

URS Corp. completed its acquisition of Flint Energy Services Ltd. for $1.24 billion.

ICE to invest $9bn by 2024

05/14/2012

Costa Rica’s state power company ICE plans to invest $9 billion in the nation’s power sector over the next 12 years.

Geothermal training center in El Salvador receives $2mn grant

05/14/2012

The Inter-American Development Bank (IDB) on May 14 said it has awarded a grant for approximately $2 million that will help El Salvador establish a geothermal training center for Latin America and the Caribbean.

Eletrobras to invest $615mn in transmission projects for World Cup

05/14/2012

Brazilian state-run power company Eletrobras Eletrosul says it will invest $615 million into new transmission projects to help meet power demands expected during the 2014 World Cup.

Brazil hydroelectric power mix to get $56bn in investments by 2022

05/14/2012

Brazil’s hydroelectric power grid is expected to receive $56 billion in new investments by 2022.

Investment fund formed, funding for Quebec wind farm announced

05/14/2012

Eolectric Inc. and Fiera Axium Infrastructure Inc. have announced the creation of an investment fund, Eolectric Club L.P., and completion of equity financing for the Vents du Kempt wind farm.

Minerco Resources sells wind, hydro projects

05/14/2012

Minerco Resources, Inc., a developer of renewable energy in Latin America, has released a business update for its Sayab Wind Project and Iscan Hydro-Electric Project in Honduras.