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  1. China General Nuclear buys 14 Irish wind power plants

    The renewable arm of the China General Nuclear Power Group (CGN) has acquired 14 Irish wind energy plants from Gaelectric. The $373m (€350m) deal is the group’s first acquisition in Ireland’s energy sector and involves 10 operating wind farms, with the other four operational in mid-2017. The 230MW of wind power assets are thought to have an equity value of up to €350m, with associated financing bringing the enterprise value to as much as double that. “CGN Group is focussed on becoming a global leader in clean energy,” according to Wei Lu, chief executive of CGN Europe Energy. “These high quality wind energy assets will make an important contribution towards this objective for CGN Group.” The Irish Independent reports that Gaelectric will continue to manage the windfarms on behalf of CNGEE, and provide power take-off services to the group. “This agreement allows us to support the Group’s balance sheet, paying down debt and creating the foundations for our other operational and development interests in the renewable energy sector, including a near term development pipeline across wind, solar, biomass and energy storage, including our 330MW CAES storage project in Northern Ireland,” said Gaelectric chief executive Barry Gavin this morning. Meanwhile Gaelectric’s CAES storage project is being developed in Larne in Northern Irelan and involves the creation of two vast storage caverns more than 1.4km beneath the Antrim coast. The scheme, which uses compressed air, will be able to generate up to 330 MW of power for up to six hours, and will create demand for 200 MW of power during its compression cycle.

    Online Articles

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    Thu, 8 Dec 2016

  2. Entergy to close Michigan nuclear plant in 2018

    Entergy said it could offer new positions to up to 180 of the affected employees at the Palisades plant

    Online Articles

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    Thu, 8 Dec 2016

  3. Renewable Energy: DiCaprio meets with Trump on green jobs to boost economy

    Leonardo DiCaprio and the head of his foundation met Wednesday with President-elect Donald Trump to discuss how jobs centered on preserving the environment can boost the economy.

    Online Articles

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    Fri, 9 Dec 2016

  4. Entergy to Close Palisades Nuclear Plant Early

    The announcement also noted the company will end the Palisades’ power purchase agreement with CMS Energy in 2018.

    Online Articles

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    Thu, 8 Dec 2016

  1. Future Industry Investment Fund purchases stake in CIMC Offshore

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    Thu, 8 Dec 2016

  2. GE power chief says Trump presidency no threat to business

    The head of General Electric Co.'s power services business, Paul McElhinney says the elevation of Donald Trump to the US presidency will not negatively impact on the company’s new high-efficiency gas and coal-fired product lines.

    Online Articles

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    Wed, 7 Dec 2016

  3. GE analysis identifies potential for cleaner coal and gas

    New data compiled by analysts at General Electric has found that coal and gas-fired power plant emissions can be reduced by 10 per cent when existing hardware and software solutions are fully applied.

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    Wed, 7 Dec 2016

  4. Drax in $450m diversification moves

    Drax, which owns the UK's largest power plant, is to acquire energy supplier Opus Energy as part of a strategic shift away from coal-fired generation. 

    Online Articles

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    Wed, 7 Dec 2016

  5. Utility vehicles: All-Terrain Tree Trimmer

    Line maintenance: Jarraff’s 4-wheel tree trimmer comes with several different tire options for a wide variety of transmission and distribution line ROW maintenance applications.

    Online Articles

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    Wed, 7 Dec 2016

  6. Google to Use 100 Percent Renewable Energy in 2017

    Google has quietly entered into renewable energy deals over the last decade.

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    Wed, 7 Dec 2016

  7. AET to deliver biomass CHP plant for French paper mill

    Denmark’s Aalborg Energie Technik is set to deliver a biomass-fired combined heat and power plant for a French paper mill. 

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  8. Enel starts operation of integrated geothermal-hydropower plant in Utah

    Enel S.p.A., through its subsidiary Enel Green Power North America Inc. (EGPNA), has begun operation of its Cove Fort geothermal-hydropower plant.

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    Wed, 7 Dec 2016

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