REpower and Suzlon have begun the process of combining their operation in the Australian wind energy market. The two companies are going to continue operating under a single name – REpower Australia. The new company will be offering both REpower and Suzlon wind turbines and equipment, giving its customers a broader choice range for their wind energy projects.
Wells Fargo, a community based financial service company, is providing project financing a 53.5 MW multi-site solar project in New Mexico, USA. The project is being developed by SunEdison. Three of the five sites at the solar complex have been activated. The remaining two sites are expected to enter commercial operation by the end of 2011.
Ormat Technologies has received a letter of committment for USD 310 million which will be used for refinancing and expanding the Olkaria III geothermal project in Kenya. The complex currently has 48 MW of installed capacity, but this will be expanded by another 36 MW, and then optionally by another 16 MW.
REpower is investing in the expansion of its German production facilities for producing nacelles and hubs. Its facilities in Bremerhaven are to become capable of outputting 900 MW of assembled turbines annually from now on, an increase in production capacity of 300 MW.
Aqumarine Power announced the company has been granted a GBP 3.4 million investment loan from Barclays Corporate. The agreement is touted to be the first in the UK for a marine energy project, representing a milestone for this industry.
Electrawinds (Belgium) announced the company has opened offices in the Romanian city of Constanta (on the Black Sea coast). The new offices will serve as a base for development, construction and management of existing and future wind, solar and biomass developments in this East European country.
Pattern Energy announced the company has secured financing for the Spring Valley Wind project in Nevada. The financing has been secured as a construction loan with an 18-year term.
SOLON, provider of utility scale and large commercial PV systems, has announced a new strategy for the US utility and commercial solar market. The company wants to advance its market position and improve its competitiveness against other US solar market players.
Funds advised by Bridgepoint have entered into an agreement to acquire Auxiliar de Construcción y Servicios (ACS) wind energy assets, valued at EUR 596.5 million. These assets include eleven wind farms (in operation).
KfW Entwicklungsbank is financing what's touted as the largest solar PV power plant in the world. The Shivajinagar Sakri Solar Power Plant will be built in the Indian state of Maharashtra. The state's power company, Maharashtra State Power Generation Company, MAHAGENCO, has recently issued an RFP for the first 25 MW block of the new PV facility. When fully completed, the Shivajinagar Sakri power plant will have a total of 125 MW of installed capacity.
