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Latest Company News and Markets Update

Glencore-Xstrata deal threatens global power utilities
08 February, 2012
The price negotiating power of coal-hungry utilities is likely to weaken if a merger between commodities giant Glencore International and global mining company Xstrata goes ahead, analysts...
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GVK Power to acquire thermal power plants in India
Monday, February 06, 2012 GVK Power and Infrastructure has unveiled plans to acquire two thermal power plants currently under construction in...

Ricardo signs engineering service contract with David Brown
Friday, February 03, 2012 UK-based firm Ricardo has signed an engineering services contract with industrial gearing solutions provider David Brown for an offshore wind turbine...

Atco Electric selects Alstom for renewal of control system in Canada
Monday, January 30, 2012 Atco Electric, a provider of business solutions worldwide, has selected Alstom Grid for the replacement and upgrade of control equipment at the McNeill Converter Station in Alberta,...

OPEL completes installation of tracker solar system in US
Friday, January 27, 2012 OPEL Solar and OPEL Technologies has completed the installation of a tracker-based solar system at the Aquarion Water Co's DW Loiselle water treatment facility in the US state of...

Honeywell unveils new smart grid project in the UK
Thursday, January 26, 2012 Honeywell has unveiled a new smart grid project in the Thames Valley area west of London,...

EDF Energy objects to $4.6bn Scottish coal-fired plant development
Wednesday, January 25, 2012 A new $4.6bn coal-fired power station planned for North Ayrshire, Scotland, has faced a setback following a formal complaint from French firm EDF...

Kengen begins construction on Kenyan 280MW geothermal plant
Wednesday, January 25, 2012 Power generating company Kengen has started construction of a 280MW geothermal plant in...

Iberdrola selects Current for smart grid solutions in Spain
Monday, January 23, 2012 Iberdrola has selected Current for the deployment of solutions supporting the smart grid project to be installed in...

enXco to acquire wind development assets from Cielo
Friday, January 20, 2012 enXco has entered into a purchase agreement with a Cielo Wind Power subsidiary to acquire development assets from its 161MW Spinning Spur wind project in Texas,...

Alstom Grid unveils substation protection devices at exhibition
Thursday, January 19, 2012 Alstom Grid has launched its MiCOM P40 Agile intelligent electronic devices (IEDs), designed to protect substations, at power and electricity industry exhibition Elecrama, currently being held...

PSEG Power to sell two gas-fired units in the US
Monday, January 16, 2012 PSEG Power has agreed to sell two 1,000MW natural gas-fired combined-cycle power generating units in the US state of Texas for a combined equity value of...

ABB commissions HVDC link between Finland and Sweden
Thursday, January 12, 2012 Power and automation group ABB has installed a high-voltage direct current (HVDC) power link between Finland and...

Kowepo selects GE technology for IGCC power plant
Thursday, January 12, 2012 Korea Western Power Co (KOWEPO) has selected GE technology for the first integrated gasification combined-cycle (IGCC) power plant to be built in South...

BioSolar to enter into strategic partnerships for solar production
Wednesday, January 11, 2012 BioSolar plans to enter into strategic partnerships with manufacturers to produce its solar product,...

3Power to acquire 75% concession rights to develop Albania hydro project
Thursday, January 05, 2012 3Power Energy has entered into a frame agreement with an Albanian-based investment group to acquire 75% of the concession rights to develop a hydroelectric power project on the Shala River in...

Enel Green Power finalises tax partnership deal with J.P. Morgan consortium
Tuesday, January 03, 2012 Enel Green Power (EGP) has finalised a tax equity partnership agreement with a consortium led by J.P....

EDF purchases EnBW stakes in Poland
Friday, December 23, 2011 French utility EDF has entered into an agreement with German utility EnBW to repurchase stakes in EnBW's two subsidiaries, ERSA and KOGENERACJA in...

Nordex subsidiary sells four 47.5MW wind farms in France
Tuesday, December 20, 2011 The French subsidiary of wind turbine manufacturer Nordex has sold four wind farms developed in-house in...

MidAmerican to acquire 49% of Agua Caliente solar project
Monday, December 19, 2011 MidAmerican Energy Holdings Company has unveiled its plans to acquire a 49% stake in the Agua Caliente solar project from US-based power generation company, NRG...

ABB to acquire stake in GreenVolts
Friday, December 16, 2011 Power and automation technology group, ABB has agreed to invest $20m for a substantial minority stake in US-based concentrating photovoltaic (CPV) system,...

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