Clean energy investment surged in China, Africa, the U.S., Latin America, and India in 2015, driving the world total to its highest ever figure, of $329.3bn, up 4% from 2014’s revised $315.9bn and beating the previous record, set in 2011 by 3%. These latest figures from Bloomberg New Energy Finance show dollar investment globally growing…
CGE Energy commends Congress’ proposed wind & solar tax credit extensions
CGE Energy, an engineer of no capital cost energy solutions, commends Congress for its proposed bipartisan agreement that extends the Investment Tax Credit (ITC) for U.S. renewable energy projects. The ITC was set to expire at the end of 2016. As part of a larger budget deal, Congress voted this week on legislation for a…
GEV Group secures investment for expansion in the wind market
GEV Group has announced a £5.4 million investment by Maven Capital Partners, one of the UK’s leading private equity houses. The investment secures a minority stake in GEV Group, and will provide a significant boost to GEV Wind Power and its plans to develop its market position in the renewables’ sector. GEV Group has also announced…
GE inks deal with TerraForm Global to boost international wind growth
GE’s renewable energy business announced a $25-million investment in TerraForm Global. TerraForm is a dividend growth-oriented company, or yieldco, formed by SunEdison to own and operate contracted renewable power generation assets in attractive, high-growth emerging markets. “This investment is about driving continued global growth for renewable power,” said Anne McEntee, president & CEO of GE’s…
Centerbridge completes acquisition of wind turbine manufacturer Senvion
The wind turbine manufacturer Senvion SE, previously part of the Indian group Suzlon Energy Limited, has changed owners. Centerbridge Partners, through its Centerbridge Capital Partners private equity investing strategy, has successfully completed the acquisition of Hamburg-based Senvion. All the necessary administrative, legal and financial preparations for the transfer of ownership are now completed. The relevant…
Avoiding surprises at the investment table: Making risk-based wind development decisions
Matthew Hendrickson / Global Manager of Energy Assessment / Vaisala / www.vaisala.com A wind resource assessment program should stand as one of the most crucial undertakings of the pre-construction phase of any new wind energy project, yet far too often it remains an afterthought. The projection of energy generation is one of the most sensitive value…
Japan’s $21-million microgrid investment is boosting renewables’ sector
Japan’s increased focus on smart grid deployment, as part of its plans to boost energy efficiency and power generation from renewable sources, will drive the country to become one of Asia-Pacific’s top markets in smart grid development, says research and consulting firm GlobalData. The company’s latest report states that Japan was among the first countries…
New York announces $160-million investment in clean energy
Governor Andrew M. Cuomo of New York has announced a $160-million investment designed to grow large-scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve…
Market grows for wind energy as leading U.S. brands lock in low prices
As the cost of wind energy has dropped by more than half in just five years, there has been a steady increase in U.S. businesses, governmental agencies, and universities making direct investments in wind power to lock in low prices and reduce their carbon footprints. “Successful brands and businesses increasingly see low-cost wind power as…
Understanding variability is key to Mexican wind investment
The 2014 Mexico Wind Performance Map, released by Vaisala, delivers positive news for much of southern Mexico where above-normal wind speeds boosted performance at many of the country’s operating wind projects. Conversely, wind speeds below the long-term average in Mexico’s interior negatively affected overall production at wind farms in that region. These departures from mean…