Renewables

Valmet will supply automation technology to Pori Energia Oy’s Aittaluoto biomass power plant in Pori, Finland. The target of the company’s Aittaluoto 2020 project is to replace the outdated low-efficiency power plant processes, decrease the use of fossil fuels in energy production, and meet the operational requirements of the industry in the area. The modernization […]

Hitachi Ltd. and ABB could announce an $11 billion deal as soon as December 17 in which Hitachi will acquire 80% of ABB’s power grids unit. Reports of the possible deal surfaced December 16, with Bloomberg and others citing sources familiar with the agreement who asked not to be identified. Neither ABB nor Hitachi commented […]

Equinor, Mayflower Wind Energy, and Vineyard Wind placed winning bids totaling $405 million to begin planning wind farms WASHINGTON—A highly-competitive auction for three offshore wind lease areas off the coast of Massachusetts concluded today with winning bids totaling a record-breaking $405 million dollars from Equinor; Mayflower Wind Energy, a Royal Dutch Shell and EDP Renewables […]

Company’s New Sustainability Report Also Details Operational and Environmental Improvements NEW YORK – Consolidated Edison, Inc. (NYSE: ED) (“Con Edison”) announced today that its subsidiary has completed its previously announced purchase of a Sempra Energy subsidiary that owns 980 megawatts (MW) AC of operating renewable electric production projects and certain development rights for additional solar electric […]

Dallas, Texas (December 12, 2018) — Sammons Renewable Energy (SRE) today announced the acquisition of the 238 MW Rio Bravo wind project from Longroad Energy Holdings, LLC (Longroad). Rio Bravo is the second wind farm acquired by the company, bringing the wind portion of SRE’s portfolio to 400 MW. Franklin Park identified and assisted with […]

Siemens on December 11 said it would lay off about 200 workers at a gas turbines parts and components service center in Houston, Texas, sometime in late 2019 or early 2020. A company spokesperson made the announcement Tuesday, saying the cuts are due to weak global demand for the company’s turbines. Siemens in a statement […]

The South Korean government has pledged 4 billion Korean won (about $3.5 million) to support a blockchain-enabled virtual power plant (VPP) in Busan, the country’s second-most-populous city after Seoul. Busan officials said they have selected a project to build a VPP on a “citizens-shared” blockchain. Technology Aggregates Resources, Standardizes Transactions A VPP is a cloud-based […]

Siemens Gamesa Renewable Energy (SGRE) has secured a second order in Russia from Enel Russia, one of the country’s independent power producers (IPP), for the supply of 201 MW of wind turbines. The scope of the agreement includes supply, installation and commissioning of 57 Siemens Gamesa 3.X platform turbines at the Kola wind farm, located […]

The Federal Energy Regulatory Commission (FERC, the Commission) took several actions in November to address impacts from the Tax Cuts and Jobs Act (the Tax Act). FERC had previously issued a Notice of Inquiry seeking comments on how to address the impact of the Tax Act’s reduction in the corporate federal income tax (FIT) rate […]

Siemens Gamesa will supply 60 units of its SG 4.5-145 wind turbines with a flexible power rating of 4.2 MW to Enel Green Power’s Parque Amistad III and IV wind farms in Coahuila, Mexico Projects were awarded during the 2017 Mexican Auction Siemens Gamesa Renewable Energy made a big step forward in strengthening its product […]