More Power Merger & Acquisition News

Shaw to sell Energy & Chemicals division

05/21/2012

The Shaw Group Inc. said it has entered into an agreement to sell substantially all of its Energy & Chemicals business to Technip for approximately $300 million in cash consideration, subject to adjustment based on the Energy & Chemicals Group’s debt and working capital levels at closing.

Wind power assets in Canada acquired by Alterra Power

05/18/2012

Alterra Power Corp. said it has entered into an agreement to acquire a portfolio of wind development assets at four sites in coastal British Columbia from a group of sellers led by English Bay Energy Limited.

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.

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.

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.

Cameco purchases nuclear fuel products firm

05/14/2012

Canadian-based uranium producer Cameco said it has signed an agreement with Advent International to purchase NUKEM Energy GmbH (NUKEM), a trader and broker of nuclear fuel products and services.

Sauer Energy acquires Helix Wind

05/14/2012

Sauer Energy Inc., a developer of the patented WindCharger vertical-axis wind turbine, purchased 100 percent of the assets of Helix Wind Corp., a manufacturer of small vertical axis wind turbine systems, on May 11.

Westinghouse Solar acquired by CBD Energy of Australia

05/09/2012

Westinghouse Solar Inc., a designer and manufacturer of integrated rooftop solar power systems, and CBD Energy Ltd., a diversified renewable energy company, signed a definitive merger agreement.

Duke, Progress file updated settlement agreement

05/08/2012

Duke Energy and Progress Energy have entered into a supplemental merger settlement agreement with the North Carolina Utilities Commission (NCUC) Public Staff.

Emerson acquires ISE Magtech

05/08/2012

Emerson announced that it has acquired ISE Magtech.

AES to sell stakes in coal-fired power plant, wind projects for $134mn

05/07/2012

AES Corp. will sell 2,727 MW of coal-fired capacity in China for $134 million because it is unable to pass on higher coal costs to customers.

HDR acquires Stetson Engineering

05/07/2012

HDR Inc. has acquired Stetson Engineering Inc., a Wyoming-based firm with offices in Gillette and Riverton.

Shareholders approve ABB's acquisition of Thomas & Betts

05/02/2012

Shareholders with Thomas & Betts Corp., a North American manufacturer of electrical and utility products, voted to approve a merger agreement with ABB for $72 per share.

Duke renewables unit buys solar energy project in Arizona

05/02/2012

Duke Energy Renewables has acquired a 10 MW utility-scale solar project near Kingman, Ariz., from Solon Corp.

Data acquisition and analysis software

05/01/2012

Kistler, a supplier of precision sensors, systems and instrumentation for the dynamic measurement of pressure, force, torque and acceleration, has introduced the USB-based Type 2825A DynoWare universal data acquisition and analysis software, designed for direct compatibility with Kistler stationary and rotary measuring systems, including single- and multi-component dynamometers and other force sensors.

AZZ acquires nuclear power equipment and services firm

04/30/2012

AZZ Inc., a manufacturer of electrical products and a provider of galvanizing services, said it has entered into an agreement to acquire substantially all of the assets of Nuclear Logistics Inc., a provider of electrical and mechanical equipment and services for enhancing the safety of nuclear facilities.

Duke renewables unit, Sumitomo finalize wind energy joint venture and financing

04/26/2012

Duke Energy Renewables and Sumitomo Corp. of America, the U.S. subsidiary of Sumitomo Corp., finalized their 50-50 ownership arrangement for two wind farms in Kansas and secured $353 million in financing for construction and operating costs.

Company acquires 44 MW Nicaraguan wind farm

04/25/2012

Globeleq Generation Limited, a markets power company, announced the acquisition of the 44 MW Eolo wind project in Nicaragua through it’s majority-owned subsidiary, Globeleq Mesoamerica Energy (Wind) Limited.

Majority ownership stake in coal-fired units bought by APS

04/19/2012

The Arizona Corporation Commission approved Arizona Public Service Co’s purchase of Southern California Edison’s majority ownership share of units 4 and 5 at a coal-fired power plant in New Mexico.

PPL completes acquisition of combined-cycle gas plant

04/16/2012

PPL Corp. on April 13 completed the acquisition of AES Ironwood LLC and AES Prescott LLC, which together own and operate the 705 MW AES Ironwood combined-cycle natural gas-fired power plant in Lebanon, Pa.