Renewable Eng. Share Discussion Threads

[waldron] 02/12/2007 19:00

Siemens' wind power division to increase FY sales by over 30 pct - division head




FRANKFURT (Thomson Financial) - Siemens AG expects to increase sales from
its wind power division by significantly more than 30 pct in the current
business year, division head Andreas Nauen told weekly Euro am Sonntag.
He expects the division's EBIT margin to reach a double digit level this
year after about 9 pct last year.
"We are continuing to win market share. By 2011 we want to be one of the top
three in the industry," Nauen said, pointing to the construction of off-shore
wind parks as a field of promising opportunities.

[e-mail]
jcs/jlw

[grupo guitarlumber] 30/11/2007 08:03

France's Theolia in talks to buy Spanish wind companies - chairman




MADRID (Thomson Financial) - France's Theolia is looking to buy a Spanish
wind company, Cinco Dias reported, citing chairman Jean-Marie Santander.
"To reach the level of growth we want, the only options are strategic
alliances or mergers and acquisitions," Santander said to the newspaper.
The company is in talks with unnamed Spanish companies in the wind energy
sector and is looking to buy one that is "more or less" the same size as
Theolia, he said.
Theolia has an estimated market value of 850 mln eur.
"The importance is not on its size but its medium-term growth potential,"
Santander added.
Theolia's Spanish affiliate, Theolia Iberica, is constructing three wind
farms in Almeria, Spain, set to open in late 2009.
[e-mail]
ccs/kd1/ms1

[grupo guitarlumber] 26/11/2007 15:07

Italcementi reaches deal to study feasibility of 400 MW wind farm in Egypt




MILAN (Thomson Financial) - Italcementi SpA said its Italgen unit has signed
a memorandum of understanding with the Egyptian government to study the
feasibility of an up to 400 Megawatt wind farm in the Gabal El Zeit district, on
the Red Sea coast.
The study is expected to be completed in the first half of 2008.
Local and international partners might join the project.
When fully operational, the plant will cut carbon dioxide emissions by
500,000 tonnes per year.
The Egyptian government plans to produce 20 pct of its electricity through
renewable energy sources by 2020.
[e-mail]
dm/jlc

[waldron] 13/11/2007 07:13

Suez wins bidding to acquire stake in wind power co Compagnie du Vent




PARIS (Thomson Financial) - Suez has won the bidding to acquire a 50 pct
stake in wind power company Compagnie du Vent from Spanish construction firm
Acciona, Les Echos reported, without citing sources.
Suez bested rival German utility RWE with a bid that values Compagnie du
Vent at 750 mln eur, Les Echos reported. It will announce the deal in a couple
of days, Les Echos added.
[e-mail]
gk1/slj

[grupo guitarlumber] 28/10/2007 19:49

Suzlon to lift capacity and list subsidiary
By Rebecca Bream and Fiona Harvey in London

Published: October 28 2007 18:36 | Last updated: October 28 2007 18:36

Suzlon, the Indian wind turbine manufacturer, has revealed plans to more than double its production capacity to take advantage of soaring demand, including from China and India, and to list its Hansen Transmissions subsidiary on the London Stock Exchange.

In an interview with the Financial Times, Tulsi Tanti, Suzlon chairman and managing director, said that his group's board had approved investment to expand its manufacturing capacity from 2,700MW to 5,700MW by the end of 2008. The new wind turbine factories would be built in India, but two of them would be located near the country's ports in order to serve the international market.

EDITOR'S CHOICE
Suzlon wins Repower battle - May-26Turbine bidder foresees joint role - May-16New French government boosts Franco-Indian hopes on Repower - May-10Suzlon raises stakes in bid for Repower - Apr-11Investors flock to clean energy - Apr-09Suzlon has grown rapidly since its founding in 1995. The company is now the fifth largest manufacturer of wind turbines in the world, behind rivals including General Electric of the US and Vestas of Denmark.

Mr Tanti said that he aimed to expand Suzlon's market share from 14 per cent to 25 per cent.

"We are the fastest-growing company in the industry", he said, adding that his group had grown by 100 per cent in each of the past three years compared with average sector growth of 20 per cent to 25 per cent.

He said that Suzlon built and installed 1000MW of wind turbines in the first half of this year compared with 1450MW for the whole of 2006 – "and the first half normally accounts for 40 per cent of the year's business".

Suzlon and Repower Systems, the German turbine maker, had more than $6bn of orders representing more than 4,700MW of capacity on their books for 2008 and 2009, according to Mr Tanti. This year Suzlon paid €1.34bn to take over Germany's Repower, beating a rival bid from Areva, the French energy group.

Mr Tanti said that the acquisition meant Suzlon was now a fully integrated turbine manufacturer and that it did not need to make any more acquisitions.

"At this point, we are in the full value chain. We don't see any blocks missing or any immediate acquisitions needed." However, he added that the group was "always open" to doing more deals if synergies could be achieved.

Last year Suzlon paid $565m to buy Belgian gearbox maker Hansen Transmissions International. Mr Tanti said Suzlon was preparing to list Hansen on the London Stock Exchange, and said more details would be given next month.

Another recent development is Suzlon's move into making components such as gearboxes and rotor blades to sell to other wind turbine groups.

"Suzlon is the only organisation with full access to every component in the wind process," said Mr Tanti.

He said that there were "huge opportunities for growth" in the Chinese wind power market, where 3,000MW to 4,000MW of wind power had been installed and about 10,000MW was being built.

Chinese companies that wanted to build wind turbines were being held back by bottlenecks in the supply chain which made it hard to get hold of components. "For some things, the next four to five years are sold out. There are lots of opportunities to sell components to Chinese turbine makers," said Mr Tanti.

[grupo guitarlumber] 26/10/2007 07:30

Suez highest bidder for Acciona's 50 pct stake in French wind power co




PARIS (Thomson Financial) - Suez has made the highest bid for the 50 pct
stake Acciona SA owns in French wind power group Compagnie du Vent, Le Figaro
reported.
Citing unnamed sources, the paper said Suez's bid values Compagnie du Vent
at 723 mln eur, while the other bids put it at no more than 650 mln.
[e-mail]
mrg/jrr

[grupo guitarlumber] 23/10/2007 15:00

General Electric GE gets $730M contract for wind turbines
Date : 23/10/2007 @ 14:30
Source : TFN


General Electric GE gets $730M contract for wind turbines




ATLANTA (AP) - General Electric Co. will supply $730 million worth of wind
turbines to Energias de Portugal SA, the companies said Tuesday.
The contract provides for 500 megawatts of new wind capacity to be developed
in 2008 and 2009 in Europe and the U.S. A one-megawatt power plant running
continuously at full capacity can power 778 households each year, according to
the Department of Energy. Wind technology has lower capacity since its
availability to generate power depends on the wind.
EDP will install 66 turbines in Spain, 14 in Belgium and 201 in the U.S. The
European order represents GE's largest supply of 2.5xl wind turbines to date.
The 2.5xl is GE's largest onshore wind turbine model.
EDP is an electric and gas company serving Portugal, Spain and Brazil. It
expanded into the North American wind industry with its purchase of
Houston-based Horizon Wind Energy LLC earlier this month.
GE shares rose 22 cents to $40.39 in pre-market trading after closing at
$40.17 on Monday.

[waldron] 18/10/2007 12:55

Vestas Wind Systems Vestas gets French order for 25 wind turbines
Date : 18/10/2007 @ 12:51
Source : TFN


Vestas Wind Systems Vestas gets French order for 25 wind turbines




COPENHAGEN (Thomson Financial) - Denmark's Vestas Wind Systems AS said it
has won an order for 25 V90-2.0 MW wind turbines for the St Seine wind power
project in Bourgogne, France.
The order has been placed by EOLE-RES, an alliance between French developer
Eole Technologie and wind power group Renewable Energy Systems.
Delivery is scheduled to start in June 2008 and the project will be
completed by the first quarter 2009.
"We are looking forward to strengthening our position in the French market
and we hope to continue developing our fruitful business relationship with
EOLE-RES," said Vestas France manager Nicolas Wolff.
[e-mail]
gs/ra

[ariane] 11/10/2007 18:45

EDF backs nuclear power to combat climate change; sees wind power's role limited




PARIS (Thomson Financial) - EDF chief executive officer Pierre Gadonneix
backed greater use of nuclear power as a way of combating climate change, saying
that politicians must be more active in making it acceptable to public opinion,
which remains the main obstacle.
He said the contribution of wind power to limiting CO2 emissions would
remain small.
Nuclear power makes up nearly 80 pct of EDF's power production. The company
has an interest in wind power projects through its renewable energy unit, EDF
Energies Nouvelles.
[e-mail]
ses/mjs/bsd

[ariane] 09/10/2007 09:23

Gaz de France to acquire French wind farm operator Erelia




PARIS (Thomson Financial) - Gaz de France said it is to acquire 95 pct of
French wind farm operator Erelia Groupe.
The financial terms of the deal were not disclosed.
According to Erelia's website, it is currently developing projects that will
produce a total of 450 megawatt hours of power in France.


[e-mail]
gt/jlw/gt/jag

[pc4900074200] 04/10/2007 12:52

The Scotsman. 04-10-07.



Sgurr breaks into Chinese renewables with £20m offshore farm.

SHARON WARD([e-mail])

GLASGOW'S Sgurr Energy, the independent consultancy specialising in renewable energy, has been appointed to lead a pioneering £20 million project harnessing offshore wind on the Chinese coast, which could springboard the operation into a massive market worth billions.

The company, formed just five years ago by long-term ScottishPower employees Ian Irvine and Steve McDonald, was originally based in Irvine's attic.

This year, the firm is employing nearly 50 graduates, and will reach a turnover of £2.5m. It has just opened an office in Beijing and plans are in place to open another office in India.

The new Chinese contract win will see Irvine, as technical director, determine the methodology and implementation plan for the Chinese wind farm study, funded by the government of China in co-operation with the World Bank and the Global Environment Facility.

He said: "Fujian has a rich wind resource, and a strategy for exploiting offshore wind power must be developed to maximise the potential economics and environmental benefits while taking typhoons and other harsh conditions into consideration. Our report will map out a strategy for development of offshore wind farms in the region."

With extensive UK and international experience in wind, bio-energy, hydro, marine, solar and hybrid power, Sgurr has created a niche role advising banks on project feasibility.

The firm also works on design, development, operation and maintenance, construction management and noise and vibration assessments for clients including ScottishPower, Rabobank, Dexia, Honiton Energy and Airtricity.

Irvine said creating the firm with McDonald in 2002 was daunting after working for 12 years for the Scottish electricity and gas supplier, but within a few months, they realised they were in the right place at the right time.

"We used our own money and I remember us writing up a business plan for Scottish Enterprise to raise money and they said no because they didn't think we would need it. From the first day, we picked up work. We know our market," said McDonald.

All the profits the firm makes are ploughed back into the company and McDonald said setting up a Chinese office was costly but is now reaping rewards.

The initial study is part of the £20m China Renewable Energy Scale-up Programme to help implement a renewable energy policy to replace coal and reduce the environmental impact. By considering current renewable energy resources and learning from the experiences of developed countries, Irvine will help formulate a renewable development policy in China.

Irvine added: "The key findings of the study will hopefully open the door to a flood of opportunities in the Chinese renewable energy market with potential for generating hundreds of megawatts in power and millions of pounds."

pc

[ariane] 01/10/2007 19:01

General Electric GE Energy to supply SkyPower with 200 wind turbines in 400 mln usd deal
Date : 01/10/2007 @ 18:57
Source : TFN


General Electric GE Energy to supply SkyPower with 200 wind turbines in 400 mln usd deal


LONDON (Thomson Financial) - GE Energy said it will provide SkyPower Corp.,
a company affiliated with Lehman Brothers and one of Canada's leading wind
energy developers, with 200 wind turbines for projects across Canada and the
United States, in an agreement valued at approximately 400 mln usd.
Slated for delivery in 2009, the 1.5-mw GE machines will have the capacity
to produce a total of 300 mw of wind-generated electricity, enough to meet the
needs of more than 100,000 households.

[e-mail]
rw

[ariane] 27/9/2007 08:32

Clipper Windpower H1 pretax loss widens on higher cost of sales


LONDON (Thomson Financial) - Clipper Windpower PLC said its first-half
pretax loss widened on higher cost of sales and added that it has had to contend
with inadequate component quality from two suppliers, which affected production.
The wind turbine maker said its pretax loss widened to 77.81 mln usd for the
six months to June 30 from 11.04 mln last year. Revenue rose to 20.38 mln usd
from 7.13 mln a year ago, while cost of sales surged to 81.67 mln usd from 4.71
mln.
The company said that as a consequence of reduced production in the third
quarter, it has lowered the 2007 production target to a range of 125 to 145
turbines, with the final outcome depending on the number of turbines that will
be remediated this year.



[e-mail]
yos/tsm/cm2

[ariane] 25/9/2007 07:44

Clipper Windpower to supply 300MW turbines to BP


LONDON (Thomson Financial) - Clipper Windpower PLC said it will supply 120
units, or 300 MegaWatt (MW), of its 2.5 MW Liberty wind turbines to BP
Alternative Energy, to be delivered in 2009.
No financial details were disclosed.
The AIM-listed company said the deal is among up to 2,250 MW of wind turbine
sales contracts under the strategic turbine supply and joint development
agreement between Clipper and BP announced on July 14 2006.
With the addition of this latest contract, firm wind turbine sales orders,
including wind turbine supply for a joint development completed under the
agreement currently total 650 MW for deliveries through 2009.




[e-mail]
ash/lam

[ariane] 24/9/2007 11:16

UN Leaders Look to China Wind Farms to Help Ease Carbon Dispute

By Jim Efstathiou Jr.

Sept. 24 (Bloomberg) -- Efforts to break the deadlock on global cuts in greenhouse gases will get a kick-start today as the United Nations pushes at a global summit for more emissions- reducing projects in developing nations.

Investment banks including New York-based Morgan Stanley are trading the increasingly popular UN-approved credits -- worth $5 billion last year -- that are generated by energy projects such as wind farms in China. The enterprises are part of the Kyoto Protocol effort to curb carbon dioxide and other greenhouse gases blamed for global warming.

``The fact that the banks and private-sector companies are involved in funding these projects means it's more relevant, and it's a process that will live on post-2012,'' the year the Kyoto accord expires, said Mark Proegler, director of environmental policy for London-based BP Plc, Europe's second-largest oil company.

UN Secretary-General Ban Ki-moon will try to prod the U.S. and China, the world's top two polluters, to join the carbon- credit trading system at today's meeting in New York. Both countries have rejected mandatory emissions cuts as too restrictive.

Leaders of 81 nations, including Brazil, France, Germany, Japan and Mexico, have said they would attend today's summit during the annual start of the UN General Assembly. Secretary of State Condoleezza Rice will represent the U.S., and President George W. Bush later will dine with Ban and other leaders from the biggest carbon emitters, including China and India. The discussions may help set the agenda for formal talks in Indonesia in December.

$25 Billion Invested

About $25 billion in 2006 was invested in pollution- reducing projects under the Kyoto Protocol, which set the goal of reducing greenhouse gases 5 percent below 1990 levels.

``The carbon market is allowing for cost-effective emission reductions,'' and that is ``important to politicians in terms of taking decisions and being willing to be ambitious,'' said Yvo de Boer, head of the UN Framework Convention on Climate Change, a Bonn-based agency that oversees the Kyoto accord.

The wind-energy projects in China and power plants that burn rice husks in India are among the investments in the part of the Kyoto system designed to promote alternative energy in developing nations.

Investments in the UN's so-called clean development mechanism have been driven in part by emissions cuts mandated by the European Union, Olivia Hartridge, a carbon trader at Morgan Stanley in London, said in an interview.

Trading Triples

The value of global emissions trading tripled to $30.1 billion last year, including the $5 billion in the UN's program, World Bank figures show.

The emissions market could reach about $100 billion by 2020, Lehman Brothers Holdings Inc. said in a Sept. 20 report. That assumes the U.S., China and Japan adopt trading plans that cover 50 percent of their total emissions.

``The international negotiations are very much focused on the carbon market,'' Hartridge said. ``I would anticipate a post-2012 agreement which has the carbon market at its core.''

While Bush has acknowledged the need for international action on global warming, he favors ``bottom-up'' commitments that can be monitored and enforced by individual countries, said James Connaughton, the president's chief environmental adviser.

The Kyoto Protocol attempts ``to create a market among millions of entities, all with very different profiles, with an accounting system that's not very well developed,'' Connaughton said in an interview. ``It seems that most parties are in agreement that we can improve upon the entire mechanism.''

Bush this week will begin a parallel dialogue on climate change when he convenes a meeting of major economies Sept. 27-28 in Washington.

China Resists

China and India, where many of the projects under Kyoto's ``clean development mechanism'' are being created, oppose mandatory pollution cuts that would crimp their growth. Bush says developing nations must be part of any global agreement.

``There are more obligations for industrialized nations at this stage and no obligations for developing countries,'' said Wang Guangya, China's ambassador to the UN. ``We believe that principle is good. We will impose voluntary measures.''

Wang described the UN conference as a ``political'' meeting, and said serious negotiations would begin at talks starting in December in Bali, Indonesia.

A UN report earlier this year said that carbon dioxide from the burning of fossil fuels is contributing to the rise of worldwide temperatures and effects such as melting glaciers and more intense storms.

Advanced Countries

``The advanced countries need to accept quantifiable targets'' for greenhouse-gas cuts, India's ambassador to the UN, Nirupan Sen, said in an interview. ``It is on that basis that you have a carbon market, which will stimulate clean development mechanisms.''

More flexibility in the UN climate accord may be required to bring the largest polluters into an agreement, the UN's de Boer said. Some countries could accept absolute emissions targets while others could take on emission growth targets, he said.

``It could be interesting for developing countries to bring sectors of their economy under a goal or under a target,'' de Boer said. ``We have to get out of the black-and-white syndrome and into a more varied approach in terms of commitments that are recognized internationally.''

To contact the reporters on this story: Jim Efstathiou Jr. in New York at [e-mail]

Last Updated: September 24, 2007 00:07 EDT

[ariane] 20/9/2007 16:20

Energy September 19, 2007, 12:30PM EST text size: TT
Wind Power's a Breeze in Europe
The EU's renewable power sector, led by wind, is growing, and those who build wind farms are having trouble keeping up with demand
by Mark Scott

After years of playing second fiddle to mainstream power sources, Europe's renewable energy sector is now going from strength to strength. Lucrative government subsidies, an EU-wide goal to reduce CO2 emissions 20% by 2020, and growing public support for the fight against climate change have turned this new industry into a force to be reckoned with.

Wind power is leading the push into renewables, helping to place Europe ahead of other regions (BusinessWeek, 8/3/07) in the race to capitalize on the green power revolution. According to Barcelona-based consultancy Emerging Energy Research (EER), the European wind turbine market-including construction-will surge by two-thirds between 2006 and 2015 to an annual total of $15 billion.

Germany and Spain, the EU's largest producers of wind power, each are expected to add up to 2,000 megawatts of wind power capacity-almost the same amount produced by three coal-fired power stations-annually from now until 2012. Growth in Eastern Europe, an emerging wind market, is expected to be in the double digits annually during the same period.

A Spate of Acquisitions
It's no wonder then the EU will install over 40% of the world's wind farms over the next eight years. as 13 of the 20 largest wind power markets are located in Europe. "Wind is becoming a tried and tested technology for many EU countries," says Catalina Robledo, European wind energy analyst at EER.

The wholesale acceptance of wind power in the European energy mix has led to a spate of acquisitions by large utilities keen on cashing in on renewable technology. In August, German power company E.ON (EONGY) scooped up a wind farm operator in Spain and Portugal for $1 billion from Danish company DONG Energy. And late last year, Spanish utility Iberdrola (IDRO.BE)-the world's largest wind power provider (BusinessWeek, 6/6/07)-forked over $23.2 billion for Britain's Scottish Power, in part for the company's extensive wind portfolio in Britain and the U.S.

Now many energy companies are turning their eyes to Eastern Europe, where limited domestic competition, above-average wind supplies, and government subsidies offer high rates of return for players eager to increase their wind portfolios. Production capacity in Eastern Europe is pegged to grow by 33% annually to 7.5 gigawatts by 2015, according to industry predictions.

Poland, the New Frontier
Poland is of particular interest. The country's wind power production is expected to increase more than seventeenfold, to 2.6 gigawatts, between 2006 and 2015, according to figures from EER. Investment in the country's wind sector will reach $3.3 billion by the end of the decade, and utilities ranging from Spain's Endesa (ELE) and Iberdrola to Germany's RWE (RWEG.DE) and E.ON all have facilities under construction.

According to Cord Landsmann, the chief financial officer of E.ON's newly-formed renewables division, Central and Eastern Europe offer widespread potential for on- and offshore wind farms. The German giant is currently building a 60-megawatt wind farm in the North Sea and is looking at several onshore sites in Poland.

While investment in wind farms helps cut the carbon footprint of European energy companies, there are also significant financial incentives for going green. Under EU and domestic rules, utilities can charge higher rates for renewable electricity, either through government-mandated prices for end customers or so-called renewables obligations, which reward companies for building carbon-friendly power plants. Such subsidies have helped Europe build up its alternative energy industry by providing financial incentives to companies that invest in new technologies, says Paul Ekins, head of the environment group at the London-based Policy Studies Institute.

Tough to Keep Up With Demand
One company that has been quick to exploit the financial rewards and public support for wind power is Siemens (SI). The German engineering giant's power generation business installed scores of wind farms last year around the world, with a combined power-generation capacity of 15 gigawatts-equivalent to nearly 19 coal-fired power plants. Siemens aims to nearly double its rate of annual installations to 27 gigawatts by 2011.

Siemens has used Europe's growing interest in wind farms to take on the other giants of the business, the U.S.'s General Electric (GE) and the market leader, Denmark's Vestas Wind Systems (VWS.CO). Now Siemens is aiming to grow its wind turbine business in North America and Asia, where the markets are growing at 15% and 10%, respectively, says Andreas Nauen, the head of Siemens' wind power division. "Suppliers are finding it difficult to keep up with demand," Nauen says. "At present, we're taking in orders for 2009 and 2010."

The clamor for turbines has led to a rapid expansion of production across the industry, with Siemens' factories now pumping out four machines per day, compared with just four per week back in 2004. This growth has provoked some controversy. Critics say safety standards may have fallen as companies expanded too fast, citing examples such as a 100-meter tall wind turbine in Northern Germany that broke apart in high winds (BusinessWeek, 8/24/07) in November, 2006.

Still Less Than 10%
Despite the worries, Europe's wind power sector remains the darling of politicians and business leaders. The EU's target to produce 20% of its energy from renewable sources by 2020 also has helped raise interest in wind power-especially because other renewable technologies like biomass and solar remain too expensive for mass use.

Nobody is saying that traditional electricity sources, such as coal- and gas-fired power plants, are going away anytime soon. Wind farms still make up less than 10% of Europe's energy mix, and industry analysts say they will represent only a part of the EU's drive for greener electricity.

Nevertheless, the rapid maturing of the sector, bolstered by expanding economies of scale and regulatory support for green technologies, has made wind power the favorite child of Europe's drive into renewable energy.

Click here for the slide show.

Scott is a reporter in BusinessWeek's London bureau.

[ariane] 19/9/2007 16:14

Vestas Wind Systems unit wins Spanish order for 9 V90-1.8 MW wind turbines
Date : 19/09/2007 @ 16:05
Source : TFN


Vestas Wind Systems unit wins Spanish order for 9 V90-1.8 MW wind turbines


COPENHAGEN (Thomson Financial) - Vestas Wind Systems AS said its Vestas
Eolica unit has received an order for nine wind turbines of the group's V90-1.8
MW model for the project El Coterejon in Merindad de Valdeporres in Burgos.
No financial details were released for the order, which was placed by the
developer Viloria Group.
The order comprises supply, installation, commissioning and software, as
well as a service contract for five years.
Delivery is scheduled to start in the second quarter of 2008, and the
project will be completed by the end of the year.
[e-mail]
mdl/lam

[ariane] 18/9/2007 14:46

ABB wins wind farm power order from E.ON worth over 400 mln usd
Date : 18/09/2007 @ 14:39
Source : TFN


ABB wins wind farm power order from E.ON worth over 400 mln usd


ZURICH (Thomson Financial) - ABB Ltd said it has won an order worth over 400
mln usd from E.ON Netz GmbH to supply power equipment connecting the world's
largest offshore wind farm to the German electricity grid.
ABB will supply system engineering and installation of the power equipment
for the offshore wind farm, located 100 kilometers off the German coast in the
North Sea.
Germany currently uses wind for about 7 pct of its electricity requirements
and expects this to rise to 14 pct by 2020.
The wind farm is scheduled to start operations in September 2009.
[e-mail]
at/sf/ra

[ariane] 17/9/2007 08:18

Theolia to acquire 84.5 pct in 50.4 mw wind farm in Morocco from EDF


PARIS (Thomson Financial) - French renewable energy company Theolia said it
has agreed to aquire 84.5 pct in Moroccan wind farm company Cie Eolienne du
Detroit from EDF.
The purchase price was not disclosed.
Based in Tetouan, in the North of Morocco, CED owns the biggest wind farm in
the country. It comprises 84 wind turbines with a total installed capacity of
50.4 megwatts and an output of around 190 gigawatt hours per year, Theolia said.
The company said it will benefit from the agreement with the Moroccan
National Office of Electricity which has committed to purchase all electricity
produced for a further 12 years, at a predefined rate.
A team of 10 people has been managing the wind farm since it was
commissioned in 2000.
[e-mail]
an/jlw

[ariane] 17/9/2007 07:32

Areva poised to buy 51 pct of German windpower specialist Multibrid


PARIS (Thomson Financial) - Areva is poised to announce a deal to buy 51 pct
of the capital of German windpower specialist Multibrid, Le Figaro reported
without citing sources.
Multibrid is valued at around 150 mln eur, the paper said.

[e-mail]
hem/dca

[ariane] 09/9/2007 18:16

Iberdrola to raise up to 4 bln eur in Iberenova float


LONDON (Thomson Financial) - Spanish power group Iberdrola SA, which owns
the UK's Scottish Power, will raise up to 4 bln eur when it floats the world's
largest wind power company, the Independent on Sunday reported.
Iberdrola hopes to list its Iberenova division, which analysts say will be
valued at between 16 bln eur and 20 bln eur, next month in Madrid, the newspaper
said.
Iberenova is the world's largest wind farm operator and owner, with a
portfolio of wind farms with 6,500 megawatts of capacity, 350 megawatts of
hydroelectric power and a further 40,000 megawatts of planned wind farms in the
pipeline.
By selling one fifth of Iberenova shares, Iberdrola will raise capital to
finance the subsidiary's planned developments, the Independent reported.
[e-mail]
paw/jag