In the power sector, global capacity reached 1,560 gigawatts (GW) in 2013 – an increase of about 8.3 per cent over 2012 – and renewables accounted for more than 56 per cent of net additions to global power capacity. REN21’s Renewables Global Status Report (GSR) offers a comprehensive look at the state of the industry. … Continue reading Renewable energy provided around 19 per cent of global final energy consumption in 2012
Continue readingMonthly Archives: June 2014
Gamesa arranges a €350 million syndicated financing transaction due 2018
Gamesa arranged a €350 million syndicated financing facility due 2018, which further shores up its financial structure and extends its debt maturity profile. The transaction was structured in the form of a revolving credit facility. The syndicate is made up of 16 Spanish and international financial institutions and the facility is repayable in a single … Continue reading Gamesa arranges a €350 million syndicated financing transaction due 2018
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DTE Energy acquires wind farm
DTE Energy (NYSE: DTE) has purchased one of two Pheasant Run wind parks from a NextEra Energy Resources LLC. (NYSE: NEE) subsidiary. The 75-MW Pheasant Run II wind park in Huron County, Michigan will be renamed the Brookfield Wind Park. The wind farm entered operation earlier this year, however, it will shut down for less … Continue reading DTE Energy acquires wind farm
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Northern Power Systems’ Technology Powers New 3.3MW Wind Turbine
Northern Power Systems Corp. (TSX: NPS), a next-generation renewable energy technology provider, is developing along with its Brazilian partner WEG (IBOVESPA: WEGE3) a new 3.3MW wind turbine. WEG is one of the world’s largest manufacturers of electrical equipment. This new development effort will further complement WEG and Northern Power Systems’ existing portfolio of utility class … Continue reading Northern Power Systems’ Technology Powers New 3.3MW Wind Turbine
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8 States pave road for 3.3 million electric vehicles by 2025
Eight governors pledged to do their part in putting 3.3 million zero-emissions vehicles (ZEV) on the road by 2025 back in October, and now they have laid out an 11-step plan to do so. The states—California, Connecticut, Maryland, Massachusetts, New York, Oregon, Rhode Island and Vermont—issued a joint report this week that reveals their plans, … Continue reading 8 States pave road for 3.3 million electric vehicles by 2025
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Suzlon wind energy to raise Rs 1,000 cr from non-core asset sales
Wind power maker Suzlon Energy, which is working on its business revival strategy, plans to raise about Rs 1,000 crore from sale of non-core assets this financial year. Besides, Suzlon is exploring new markets for business opportunities, according to a top company official. “We continue to work on selling non-core assets. We expect to raise … Continue reading Suzlon wind energy to raise Rs 1,000 cr from non-core asset sales
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