Renewables

Mergers & Acquisitions

Issue 9 and Volume 110.

Energy Capital Partners has agreed to buy the competitive generation assets of Northeast Utilities for $1.34 billion. The sale includes 15 generating plants at 14 sites with a total output of 1,442 MW, the largest of which is the 1,080 MW Northfield Mountain pumped-storage facility in Northfield, Mass.

Five institutional investment firms including SPCP Group and Goldman Sachs acquired a 40 percent ownership of U.S. Geothermal, which is set to break ground on the first geothermal power plant in the Pacific Northwest planned for operation in the third quarter of 2007.

Westinghouse Electric Company bought the remaining interest in fuel handling equipment and outage critical cranes subsidiary PaR Nuclear, giving it 100 percent ownership.

Siemens Power Generation is acquiring AG Kuehnle, Kopp & Kausch of Germany, maker of small steam turbines rated up to 5 MW, turbo-compressors and fans for industrial applications.

Alliant Energy subsidiary Wisconsin Power and Light purchased development rights to the Cedar Ridge Wind Farm project, previously owned and developed by Midwest Wind Energy. The proposed 80 to 100 MW wind farm, located in Fond du Lac County, Wis., will consist of approximately 40 wind turbines.