Windpower Engineering & Development

The Timken Company has reached an agreement to acquire BEKA Lubrication, a global supplier of automatic lubrication systems, for approximately $165 million. The company serves a diverse range of industrial sectors including wind, food and beverage, rail, on- and off-highway and other process industries. BEKA sales are expected to be around $135 million for the full year…

If this headline holds true, U.S. offshore wind developers are bound to benefit from their patience and perseverance. After the trial and errors of Cape Wind (remember the proposed wind project off the shores of Cape Cod that hit permitting setbacks?), and the small victory of the five-turbine Block Island Wind Farm, offshore progress in…