General Electric GE Plans to Capture More Wind with $1.65B Acquisition of LM Wind Power a Global Designer and Manufacturer of Wind Turbine Blades

GE (NYSE:GE) the world’s leading digital industrial company, announced its intent to purchase LM Wind Power, a Denmark-based manufacturer and supplier of rotor blades to the wind industry, for $1.65 billion ( 1.5 billion). The deal in-sources wind turbine blade design and manufacturing for GE’s Renewable Energy business, improving its ability to increase energy output and create value for onshore and offshore customers. Since 2001, LM Wind Power has been owned by Doughty Hanson, a leading London-based private equity firm. The acquisition is valued at 8.3 times pro forma earnings…

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Technological innovations can reduce the cost of wind energy by a third by 2030

An analysis presented at WindEnergy Hamburg last week shows that in Europe the cost of energy from offshore wind farms could be reduced by a third by 2030 thanks to a number of technological innovations. The largest impact could be achieved with an increase in turbine size (from 4MW to 10MW), as fewer turbines would mean saving in the costs of foundations, construction and in operational expenditure. In total, the report found 51 areas of innovation that could reduce the cost of wind energy across the value chain. This is…

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Great Wind Energy Deals Are Swaying Major Players

In search of low-cost, fixed-rate electricity, great wind energy deals are swaying Fortune 500 companies and other major players to throw their money “into the wind.” Signing contracts for over 2,000 megawatts (MW) of electricity, big brands, high-tech companies, and other non-utility customers represented 52 percent of wind energy generating capacity in 2015. Great wind energy deals are swaying major players. Credit: Energy.gov via AWEA.org An Emerging Class of High-Class Wind Customers Representing big name brands, big box operations, and high-tech firms, corporate buyers include the Google Energy, Amazon Web…

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press release: Offshore gas and win sign Manifesto for cooperation during the gas meets wind: North Sea Energy symposium

Representatives from the gas and wind industry, together with NGO’s, grid operators and science sign on the 15th of June the Declaration of Coordination and Cooperation in the North Sea Energy Challenge to realise synergies between gas, wind and grid operators in the North Sea area to make the energy transition as sustainable and affordable as possible. The North Sea region has the potential to become an energy powerhouse. Extensive integration can accelerate the transition of the offshore opportunities the area offers to a sustainable, reliable, affordable and safe energy…

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Eneco and Co-Op Energy’s Highland wind farm partnership provides consumer choice to Big Six providers

Choice is a good thing. As the lifeblood of free market economics, it underpins the principle of fair and affordable pricing for the consumer. In energy utility markets, choice can also create capacity for ethically and environmentally sound yet still profitable business propositions. These measures are not mutually exclusive. Equally vital, it promotes efficient resourcing for competitive suppliers while driving a healthy thirst for technical innovation that can be legitimately marketed as an improvement; a differentiator with visible and multiple positive impacts. When effectively managed for communities and businesses large…

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Wind supplied Iowa with more than 31% of its electricity last year

The United States continues to lead the world in wind energy production according to recently released data by the Global Wind Energy Council (GWEC) and by the U.S. Energy Information Administration. If there are bragging rights in passing the milestone, they go to Iowa. Over 31% of the state’s in-state electricity generation came from wind last year. This is the first time wind has supplied a state with more than 30% of its annual electricity. Iowa, Kansas and South Dakota all generated more than 20% of their electricity from wind in 2015….

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North Sea offshore wind Developments in the Netherlands

Offshore wind in the Netherlands is rapidly developing into a significant investment opportunity for the coming years. The European and national renewable energy targets have resulted in new legislation coming into force that must cater for the procurement of an additional 3500MW of offshore wind capacity in the North Sea. For this purpose, a new regulatory and subsidy framework has been designed and put into operation to facilitate the construction and operation… read more

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