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FinFacts Ireland - Ireland
November 21, 2007
Irish-based Offshore wind energy developers today confirmed
that they have projects at an advanced stage of preparation for the development
of over 2,000mw of renewable energy in Irish waters at a capital cost of over
€4 billion. The announcement was made by the five largest offshore wind
companies in Ireland at the launch of NOW Ireland, a new organisation to
promote the development of the offshore wind industry in Ireland. Offshore wind farms are considerably larger in
size than onshore wind farms. If the offshore projects currently under
way were fully developed each would rank in the top twelve power stations in
Ireland.
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Reuters UK - UK
November 19, 2007
Swedish utility Vattenfall and forest owner Sveaskog said on
Friday they plan to join forces to build up to 550 wind farms in southern
Sweden. The firms said the agreement
concerned land in Halland, Vastra Gotaland, Kronoberg, Kalmar and Blekinge
counties and could result in plants with a total 1,500 megawatts. That is 40
percent more than any other wind power project in Sweden. The 4 TWh (per year)
in which the investments could result correspond to around 3 percent of
Sweden's total electricity production.
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PR Newswire
November 19, 2007
Invenergy Wind LLC announced that it has contracted with
General Electric Company to purchase an additional
800 MW of wind turbines for use in projects slated for construction in 2009 in
North America and Europe. Along with Invenergy's previous purchases of 600 MW
for 2007 and 700 MW for 2008 from GE, this provides 2,100 MW of wind turbines
for Invenergy's 2007, 2008 and 2009 build programs. These turbines are slated
for Invenergy's projects in the US, Canada and Europe.
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ic Wales - United Kingdom
November 15, 2007
CAR maker Toyota is hoping to strengthen its green
credentials by harnessing wind power at its engine factory in Flintshire. For
the last decade the Japanese company has led the motoring world with its hybrid
Prius car, which uses electric power as well as internal combustion to reduce
fuel consumption and pollution. Now managers at its engine plant on Deeside
Industrial Park in Flintshire hope that some of the energy needed to
manufacture engine components – some of which are exported to Japan – can be
generated on site. This would cushion Toyota against fluctuating energy prices,
as well as potentially reducing electricity bills.
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Bloomberg
November 14, 2007
Theolia SA, the French wind-power company part-owned by
General Electric Co., rose in Paris trading after receiving a takeover
approach. The company, based in
Aix-en-Provence, wouldn't identify the potential bidder. Chief Executive
Officer Jean-Marie Santander said it isn't GE, which holds a 20 percent stake. Theolia shares gained 6.1 percent to close at
18.77 euros, valuing the company at 717.7 million euros ($1.04 billion). They
earlier climbed 11 percent, their biggest intraday gain in five weeks.
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Xinhua - China
November 8, 2007
Italy plans to build 500 more wind plants to
become the biggest producer of wind energy, Italian News Agency ANSA
reported. With the help of the 500
additional plants Italy plans to reach a 23,000 gigawatt energy production --
ten times higher than what the country is currently producing. The new wind farms will make Italy the
world's biggest producer of wind energy, leapfrogging Germany which is now
producing 22,622 gigawatts. In 2006 alone, 417 wind plants were built in Italy.
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Sunday Business Post - Dublin, Ireland
October 29, 2007
Eco Wind Energy, a wind energy firm backed by Johnny Ronan
and Richard Barrett’s Treasury Holdings, has received a €200 million buyout
approach from Airtricity. Airtricity made the approach in recent weeks, and the
two sides are in early stage negotiations. Eco Wind Energy is also in
negotiations with one other interested party, a European wind operator. Eco Wind Energy has five small wind energy
sites around Ireland and has recently secured approval on a number of sites
that will enable it to generate 150Mws.
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Forbes
October 29,2007
Suez has made the highest bid for Acciona SA's 50 pct stake
in French wind power group Compagnie du Vent. Suez's bid values Compagnie du
Vent at 723 mln eur, while the other bids put it at no more than 650 mln. Belgian group Electrabel, Portugal's EDP and
an unnamed German company were also involved in the bidding. Suez has also
provided Acciona with a number of guarantees regarding the local environment and
maintenance of existing management at Compagnie du Vent.
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Bloomberg
October 25, 2007
Iberdrola SA, the world's largest owner of wind-energy
parks, said its Scottish Power Plc purchase helped third-quarter profit climb
22 percent and pledged to boost net to at least 3.5 billion euros ($5 billion)
in 2010. Net income rose to 512 million
euros from 419 million euros a year earlier. Profit was expected to be 545
million euros, according to the median estimate in a Bloomberg survey of six
analysts. Virginia Sanz, an analyst at Deutsche Bank recommends buying the
shares.
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ITAR-TASS - Moscow, Russia
October 24, 2007
Iran will build two wind power plants in Armenia. The
central banks of the two countries will cooperate in the banking sector,
according to documents signed within Iranian President Mahmoud Ahmadinejad’s
official visit to Armenia. “We agreed to
carry out the projects, which would be jointly implemented,” Armenian President
Robert Kocharyan said. Special attention was riveted to energy interaction: the
sides consented to continue the construction of the gas pipeline to Armenia via
Iran.
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Times Online – UK
October 22, 2007
BT yesterday joined the battle for environmentally conscious customers with
plans to launch a wind farm scheme aimed at generating a quarter of its
electricity by 2016. The telecoms giant
is in talks with investors and renewable energy partners about raising £250
million to build 120 wind turbines on sites across Britain. The group has already applied for planning
permission for three sites in Cornwall, Orkney and Shetland and is weighing up other
suitable sites on its own or adjacent land.
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Barents Observer - Archangel, Russia
October 19, 2007
Several prominent Norwegian politicians say wind mills should be built at sea
to fuel offshore oil and gas projects. Spokesman on energy issues for the
governing Labour Party believes the offshore windmill parks could help
considerably cut climate emissions from the industry. Mr. Tore Nordtun says state and the petroleum industry
should join efforts to construct the windmill parks. The state should engage
heavily in research, projecting and development of windmill parks at sea, Mr.
Nordtun says, Dagens Næringsliv reports.
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Barents Observer - Archangel, Russia
October 19, 2007
Several prominent Norwegian politicians say wind mills should be built at sea
to fuel offshore oil and gas projects. Spokesman on energy issues for the
governing Labour Party believes the offshore windmill parks could help
considerably cut climate emissions from the industry. Mr. Tore Nordtun says state and the petroleum industry
should join efforts to construct the windmill parks. The state should engage
heavily in research, projecting and development of windmill parks at sea, Mr.
Nordtun says, Dagens Næringsliv reports.
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EARTHtimes.org
October 16, 2007
A German company said Tuesday that it has won a major order to supply wind
power generators to Italy. Nordex, based in the Baltic Sea port of Rostock, said
it would supply up to 44 turbines to the Fossa del Lupo wind farm in the
southern province of Catanzaro. The
contract, one of the biggest ever awarded to the company, is worth 104 million
euros (147 million dollars), Nordex spokesman Ralf Peters said. When it comes into operation in 2009, the wind
park is expected to have an annual output 250 gigawatt hours, enough to meet
the electricity demands of more than 80,000 homes.
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Guardian Unlimited – UK
October 15, 2007
Engineers last week unveiled the largest wind turbines ever connected to the UK
national grid: two massive generators that tower 300ft over the North Sea 15
miles from the Scottish coast. Now the project's backers say they are preparing
plans to construct 200 of these huge turbines, creating a gigantic wind farm
with the capacity to provide power for an entire city. Both the devices erected
in water 150ft deep in the Beatrice oil field are fitted with three 200ft
blades and can generate 5 megawatts of power, enough to supply a village with
electricity.
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International Herald Tribune - France
October 12, 2007
French gas giant Gaz de France said Tuesday it will buy a 95
percent stake in Erelia, a developer and operator of wind farms in France. GdF
said Erelia will have a capacity of 70 megawatts in northeastern France by the
end of the year, bringing GdF's total capacity in wind power generation to 110
megawatts. No financial details were available for the deal, which should be
finalized during the fourth quarter of 2007.
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RIA Novosti - Moscow, Russia
October 11, 2007
Spanish electricity company Iberdrola Renovables will invest
$140 million in the construction of a wind farm in south Russia's Krasnodar
Territory, the local administration said. The turbines, with output capacity of 1,000
MW, are expected to be built in the region's resort cities on the Black Sea
coast by 2011, the administration's press service said. To date, the region produces less than 40% of
the electric power it consumes. Regional authorities said the wind power
project will allow the Krasnodar Territory to bring this figure up to 60%.
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The Ecologist – UK
October 5, 2007
The UK is now the second most attractive place in Europe in
which to invest in renewable energy, and has attracted the attention of
Californian power giant, Clipper Windpower. Clipper are preparing to invest in wind power generation in
the North East, and want to build and test a prototype 'mega turbine' at the
New and Renewable Energy Centre in Blyth, Northumberland. The new turbine,
dubbed the 'Million Barrel Equivalent' project (MBE) because its projected
output power is equivalent to importing and burning a million barrels of oil,
will be rated at 7.5 megawatts. A single one could supply electricity to 5,500
homes.
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Reuters UK - UK
October 4, 2007
Theolia (TEO.PA) shares fell sharply on Wednesday after the
French wind power group reported half-year earnings showing
higher-than-expected cash consumption, fuelling concern about another capital
increase. Theolia, which has heavily invested to build wind farm capacity and
make acquisitions, said late on Tuesday its cash position was 45.2 million
euros ($64.1 million) on June 30, down from 63.1 million at the end of 2006. This
meant the group burnt 17.9 million euros in the first half of 2007, compared
with a generation of 44 million in the second half of 2006.
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CNNMoney.com – Portugal
October 1, 2007
Portuguese power utility Energias de Portugal SA (EDP.LB)
said U.S -based GE Energy will supply EdP with wind turbines for projects with
a total generation capacity of 500 MWs through 2009. Under an agreement with GE
Energy, the U.S. company will supply 80 turbines to EdP's renewable energy unit
Neo Energia for new projects in Europe, as well as 201 turbines to EdP's U.S.
unit Horizon Wind Energy. EdP didn't disclose the value of the contract. GE
Energy is also involved in world's largest solar power plant in southeast
Portugal, inaugurated in March.
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