Exelon Corp. has completed its acquisition of John Deere Renewables, a wind power company. In so doing, Exelon adds 735 megawatts of clean, renewable energy to the utility’s portfolio, or enough to power up to 220,000 households. Get the full story »
Inside these posts: Wind power
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First Wind Holdings withdraws proposed IPO
Wind energy company First Wind Holdings Inc. said Wednesday that it will withdraw the registration for its initial public offering, citing “unfavorable market conditions.” Get the full story »
Broadwind Energy appoints new president, CEO
Broadwind Energy Inc., a company that provides equipment for the wind energy industry, said Monday it has hired the leader of Acciona SA’s North America division to be its next president and CEO. Get the full story »
Study: Wind means jobs for Illinois
For every megawatt of wind power developed in Illinois, 17 manufacturing jobs are created, according to a new study by the Environmental Law & Policy Center in Chicago.
The study, which identified more than 100 Illinois companies that are in the wind industry supply chain, did not identify how many the jobs created are in Illinois, but found that Illinois is fast becoming a hub for the nation’s wind power. Get the full story »
First Wind buries its plans for IPO
From The New York Times | The wind farm developer First Wind has shelved its plans for an initial public offering after cutting its offering price by nearly 25 percent.
First Wind IPO could face turbulent debut
Wind farm owner and operator First Wind Holdings Inc., which is planning a $300 million IPO for next week, may be a risky bet in the current energy climate.
The Boston-based company, mostly owned by private equity firm Madison Dearborn and hedge fund operator D.E. Shaw foresees rapid growth. By 2014, First Wind plans to have 1900 megawatts in operation or under construction. One megawatt produces enough power to meet the electricity needs of 800 typical American homes. Get the full story »
Google to fund undersea cables for huge wind farm
The Thanet Offshore Wind Farm, the world's largest, located off the Kent coast in southern England. Google plans to invest in a wind farm off the coast of the U.S. (Reuters/Stefan Wermuth)
Google is investing in a new wind farm power grid to be located off the East Coast of the United States.
“We just signed an agreement to invest in the development of a backbone transmission project off the Mid-Atlantic coast, that offers a solid financial return while helping to accelerate offshore wind development — so it’s both good business and good for the environment,” announced the search engine company in a blog on Monday night.
Google said the Atlantic Wind Connection will be located at least 10 miles offshore and will stretch 350 miles from New Jersey to Virginia. The wind farm will be capable of producing 6,000 megawatts, enough to power nearly 2 million homes. The wind-generated power will be delivered to the land-based transmission system via subsea cables, the company said.
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Deere selling windpower unit to Exelon
Deere & Co. will sell its wind energy business to a subsidiary of Exelon Corp. for $900 million, the company said Tuesday, potentially signaling an active merger and acquisition period ahead for the power industry. Get the full story »
Broadwind Energy’s 2Q loss widens
Broadwind Energy Inc.’s second-quarter loss widened on myriad charges and year-ago gains while wind-turbine installations stalled in the U.S. The supplier of products and services now sees 2010 revenue of $140 million to $160 million. Analysts polled by Thomson Reuters most recently estimated $206 million on average. Get the full story »
