Ingeteam Wind business unit is celebrating its 20th anniversary, marking two decades of growth and success in the global wind industry. Since the manufacture of its first power converter named INGECON WIND in 1995, the company has enjoyed steady growth and managed to consistently stay ahead of the curve. During the first semester of 2015 alone,…
Xcel Energy adds more wind power to grow its renewable energy fleet
The nation’s number one utility wind provider is adding more renewable energy to its system. Xcel Energy officially acquired the Border Wind Farm earlier this December, and Pleasant Valley Wind Farm came on-line in November. With the addition of these projects, Xcel Energy increases its wind capacity by 20% and more than doubles its ownership of wind…
Milbank advises on Terra Nova Renewable’s strategic partnership and wind acquisitions
Milbank, Tweed, Hadley & McCloy LLP deal has successfully advised institutional investors working with J.P. Morgan Asset Management on its partnership with SunEdison for the acquisition of 333 MWs of wind-power assets. The combined enterprise value is worth $787 million. The Milbank team was led by corporate partner John Franchini and project finance partner Timothy…
Wind energy to power GM’s Texas Assembly Plant
General Motors’ (GM) Arlington Assembly plant will soon be powered with wind energy. GM recently signed a power purchase agreement with EDP Renewables North America, a fully owned subsidiary of EDP Renewables, for 30 MW of power from the planned 250 MW Hidalgo Wind Farm in Edinburg, Texas. Fifteen of the wind farm’s 261-foot-tall turbines will generate the…
Senvion Canada celebrates its 1000-MW milestone in Quebec
With the commissioning of the Mont Rothery wind farm, Senvion Canada Inc. is celebrating an installed capacity of over 1000 MW of wind power in Quebec within just five years. This achievement marks another milestone for Senvion, cementing its position as one of the top two turbine suppliers in the province and further reinforcing Quebec’s position…
Vestas obtains BNDES local content accreditation in Brazil
The state-owned Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has certified that Vestas complies with the FINAME II code, the set of local manufacturing requirements established by the bank for foreign manufacturers operating in Brazil. Compliance with these rules is a prerequisite set by the BNDES to have access to the bank’s special credit…
E.ON invests in Greensmith to conclude $18.3 million Series C growth round
Greensmith, one of the largest providers of energy storage software and integration services, announced that European utility E.ON has invested in its Series C round of growth financing. The additional investment brings Greensmith’s total Series C round to $18.3 million, including a previous $5 million strategic investment from American Electric Power. Greensmith plans to use…
AWS Truepower releases November 2015 Wind Trends Bulletin
AWS Truepower’s new monthly wind performance maps, released shortly after the end of each month, show deviations in the wind resource from average conditions in every region of the world for the preceding month. This service is an enhancement of the company’s current wind trends service, which provides a quarterly snapshot of wind performance. The…
Milbank represents Mexico Power Group in financing of La Bufa Wind Power Project
Adding to its list of major alternative energy deals in Latin America, Milbank, Tweed, Hadley & McCloy LLP has represented Mexico Power Group (MPG) in two transactions related to the construction of a 130-MW La Bufa Wind Power Project in north-central Mexico. Upon completion, the power generated from La Bufa will be sold to Volkswagen…
ACCIONA pledges to be carbon neutral by 2016
ACCIONA, a global leader in renewable energy and sustainable infrastructure, has pledged to achieve 100% carbon neutrality across its entire global operations by 2016. Carbon neutrality, or having a net zero carbon footprint, occurs when a business is able to balance the CO2 emissions associated with its activities with an equivalent amount sequestered or offset,…
SgurrEnergy triumphs at Scottish Renewables Green Energy Awards
Renewable energy consultancy, SgurrEnergy, won the Export Award at the prestigious Green Energy Awards 2015. The awards, hosted by Scottish Renewables, attracted a wealth of high-profile entrants and provided an opportunity to recognize the determination, innovation, and creativity that has defined the growth of clean energy. The Export Award was reflected an outstanding achievement in…
EDF Renewable Energy to supply Google with 201 MW of wind power
Google, Inc. has signed a deal with EDF Renewable Energy (EDF RE) to purchase renewable energy for its data center. The Power Purchase Agreement will provide Google with the full output of the 201-MW Great Western Wind Project, located in Woodward and Ellis counties near the base of the Oklahoma panhandle. The project will commence…
DNV GL awards component certificate to Ingeteam for its frequency converter
DNV GL, the world’s largest resource of independent energy experts and certification body, awarded component certification to Spanish technology company Ingeteam for its new frequency converter at the annual European Wind Energy Association (EWEA) Conference in Paris this week. The DFM 3000 Ingecon Wind converter offers operational flexibility, energy management benefits, and compliance with technical…
Over 150 organizations urge President Obama to pledge greater climate action in Paris
Following President Barack Obama’s opening speech at the COP21 climate change conference in Paris this week, more than 150 environmental, social justice, indigenous, and health groups called on the President to greatly increase the U.S. commitment to reducing carbon pollution. The message: keep at least 80% of U.S. fossil fuel reserves in the ground, and help…
Gamesa signs 103-MW wind-power supply agreement with Enbridge
Gamesa, a global technology provider of wind energy, has achieved another company milestone by signing its first contract with Canadian-based energy company, Enbridge. The agreement is for the 103-MW New Creek wind farm being developed in the state of West Virginia. Gamesa will handle the transport, installation, and commissioning of the new facility, and will supply 45…
Siemens to supply 126 MW of onshore wind power to Scotland
Siemens has been awarded orders for three onshore wind projects in Scotland, supplying up to 50,000 households in South and North Ayrshire and Lockerbie. The contracts also include long-term service and maintenance. For the Dersalloch wind farm in the South Ayrshire region Siemens will construct, install, and commission 23 units of its D3 direct-drive wind…
LG Chem and GS E&R team up to build “world’s largest” energy storage project for Korean wind farm
Lithium-ion battery maker LG Chem Ltd announced a deal to build what’s described as the world’s largest wind energy storage project in South Korea. Under the agreement with local power producer GS E&R, a 50-MWh storage system will be installed at a wind farm in Yeongyang, North Gyeongsang province. Once complete, the new energy storage facility…
AIMCo acquires stake in TransAlta Renewables
Alberta Investment Management Corporation (AIMCo) has acquired an 8% stake in TransAlta Renewables for CAD $200 million. The acquisition means AIMCo is now the second largest shareholder in TransAlta Renewables. The transaction is expected to close on November 26, 2015. AIMCo’s investment in TransAlta Renewables provides its clients an opportunity to participate in an attractive, internationally…
Wind power plays prominent role in Alberta’s new climate change strategy
The Canadian Wind Energy Association (CanWEA) applauds the Alberta government for its commitment to use new clean, reliable, and cost-effective renewable energy to replace two-thirds of the electricity currently produced by coal-fired electricity generation in Alberta’s electricity supply mix. Alberta’s government has indicated that it expects wind energy to be the primary source of this…
Vestas secures first U.S. order for the V126-3.3 MW turbines
Vestas has secured its first order in the United States for its V126-3.3 MW wind turbines for a 200-MW project in Oklahoma. The order includes supply and commissioning of the turbines, as well as a three-year Active Output Management (AOM) 5000 service agreement. AOM5000 is an energy-based availability guarantee that ensures the turbines are operational…