Wednesday 30th April 2014

Topics
No items found.
Adam Barber
April 30, 2014
This content is from our archive. Some formatting or links may be broken.
This content is from our archive. Some formatting or links may be broken.
Wednesday 30th April 2014

Siemens reveals Alstom bid plan…

Siemens is set to bid for French firm Alstom’s renewable energy assets next month provided it is satisfied with due diligence.

The German manufacturer’s managing board and supervisory board said yesterday Siemens would bid for the assets in a deal reported to be worth around €11bn; but it needed four weeks to analyse Alstom’s finances and interview senior management.

The announcement followed interviews on Monday between the government and rival bidders Siemens and General Electric. The government is not a shareholder in Alstom but has intervened to protect French industry and jobs. France's rulers want Alstom to take a month to decide between Siemens and GE.

GE was reportedly close to a deal last week, but Siemens intervened with a counter-offer over the weekend. Alstom and GE officially announced a €12.35bn bid from GE this morning, and Alstom is set to decide whether to accept it by the end of May.

…as France plans post-nuclear strategy

French environment and energy minister Segolene Royal is set to propose new laws this July to help the country replace nuclear power with renewables.

Royal said she planned to accelerate investment in renewables, including wind, and that this would create 100,000 jobs by the end of 2017. France is aiming to reduce reliance on nuclear power from 75% now to 50% by 2025.

She is also set to this week announce the winner of a tender to develop 1GW in two wind farms off the French coast. Energy regulator CRE said last month that a group led by GDF Suez should win, but it faces competition from an EDF-led consortium.

Offshore trouble prompts ABB reform

Engineering firm ABB is to step up efforts to overhaul its power systems division due to problems in its offshore wind business.

The Swiss firm yesterday reported its power systems division had made a loss of €29m in the first three months of 2014. It attributed this to the impact of charges on delayed transmission projects in the offshore wind sector, particularly in Germany.

ABB is now reassessing its business model for offshore wind transmission projects. The company is set to hold its Annual General Meeting today.

Dakota turbine plane crash kills four

Four people have been killed after their plane hit a turbine on the 40.5MW South Dakota Wind Energy Centre in South Dakota.

The US Federal Aviation Authority has reported that the pilot of a single-engine aircraft and three passengers have been killed after hitting a 1.5MW General Electric turbine at the 27-turbine GE scheme. The wreckage was found on Monday.

The National Transportation Safety Board is investigating the crash, which is believed to have happened during foggy weather.

Greenko opts for 100MW from Gamesa

Indian wind power developer Greenko has ordered 50 of Gamesa’s G97-2.0MW turbines for projects in the Indian states Andhra Pradesh, Karnataka and Rajasthan.

The developer made the 100MW order under a 300MW framework agreement concluded in 2013. Gamesa will also provide operation and maintenance services for five years.

The projects are due to be commissioned by March 2015.

Siemens reveals Alstom bid plan…

Siemens is set to bid for French firm Alstom’s renewable energy assets next month provided it is satisfied with due diligence.

The German manufacturer’s managing board and supervisory board said yesterday Siemens would bid for the assets in a deal reported to be worth around €11bn; but it needed four weeks to analyse Alstom’s finances and interview senior management.

The announcement followed interviews on Monday between the government and rival bidders Siemens and General Electric. The government is not a shareholder in Alstom but has intervened to protect French industry and jobs. France's rulers want Alstom to take a month to decide between Siemens and GE.

GE was reportedly close to a deal last week, but Siemens intervened with a counter-offer over the weekend. Alstom and GE officially announced a €12.35bn bid from GE this morning, and Alstom is set to decide whether to accept it by the end of May.

…as France plans post-nuclear strategy

French environment and energy minister Segolene Royal is set to propose new laws this July to help the country replace nuclear power with renewables.

Royal said she planned to accelerate investment in renewables, including wind, and that this would create 100,000 jobs by the end of 2017. France is aiming to reduce reliance on nuclear power from 75% now to 50% by 2025.

She is also set to this week announce the winner of a tender to develop 1GW in two wind farms off the French coast. Energy regulator CRE said last month that a group led by GDF Suez should win, but it faces competition from an EDF-led consortium.

Offshore trouble prompts ABB reform

Engineering firm ABB is to step up efforts to overhaul its power systems division due to problems in its offshore wind business.

The Swiss firm yesterday reported its power systems division had made a loss of €29m in the first three months of 2014. It attributed this to the impact of charges on delayed transmission projects in the offshore wind sector, particularly in Germany.

ABB is now reassessing its business model for offshore wind transmission projects. The company is set to hold its Annual General Meeting today.

Dakota turbine plane crash kills four

Four people have been killed after their plane hit a turbine on the 40.5MW South Dakota Wind Energy Centre in South Dakota.

The US Federal Aviation Authority has reported that the pilot of a single-engine aircraft and three passengers have been killed after hitting a 1.5MW General Electric turbine at the 27-turbine GE scheme. The wreckage was found on Monday.

The National Transportation Safety Board is investigating the crash, which is believed to have happened during foggy weather.

Greenko opts for 100MW from Gamesa

Indian wind power developer Greenko has ordered 50 of Gamesa’s G97-2.0MW turbines for projects in the Indian states Andhra Pradesh, Karnataka and Rajasthan.

The developer made the 100MW order under a 300MW framework agreement concluded in 2013. Gamesa will also provide operation and maintenance services for five years.

The projects are due to be commissioned by March 2015.

Siemens reveals Alstom bid plan…

Siemens is set to bid for French firm Alstom’s renewable energy assets next month provided it is satisfied with due diligence.

The German manufacturer’s managing board and supervisory board said yesterday Siemens would bid for the assets in a deal reported to be worth around €11bn; but it needed four weeks to analyse Alstom’s finances and interview senior management.

The announcement followed interviews on Monday between the government and rival bidders Siemens and General Electric. The government is not a shareholder in Alstom but has intervened to protect French industry and jobs. France's rulers want Alstom to take a month to decide between Siemens and GE.

GE was reportedly close to a deal last week, but Siemens intervened with a counter-offer over the weekend. Alstom and GE officially announced a €12.35bn bid from GE this morning, and Alstom is set to decide whether to accept it by the end of May.

…as France plans post-nuclear strategy

French environment and energy minister Segolene Royal is set to propose new laws this July to help the country replace nuclear power with renewables.

Royal said she planned to accelerate investment in renewables, including wind, and that this would create 100,000 jobs by the end of 2017. France is aiming to reduce reliance on nuclear power from 75% now to 50% by 2025.

She is also set to this week announce the winner of a tender to develop 1GW in two wind farms off the French coast. Energy regulator CRE said last month that a group led by GDF Suez should win, but it faces competition from an EDF-led consortium.

Offshore trouble prompts ABB reform

Engineering firm ABB is to step up efforts to overhaul its power systems division due to problems in its offshore wind business.

The Swiss firm yesterday reported its power systems division had made a loss of €29m in the first three months of 2014. It attributed this to the impact of charges on delayed transmission projects in the offshore wind sector, particularly in Germany.

ABB is now reassessing its business model for offshore wind transmission projects. The company is set to hold its Annual General Meeting today.

Dakota turbine plane crash kills four

Four people have been killed after their plane hit a turbine on the 40.5MW South Dakota Wind Energy Centre in South Dakota.

The US Federal Aviation Authority has reported that the pilot of a single-engine aircraft and three passengers have been killed after hitting a 1.5MW General Electric turbine at the 27-turbine GE scheme. The wreckage was found on Monday.

The National Transportation Safety Board is investigating the crash, which is believed to have happened during foggy weather.

Greenko opts for 100MW from Gamesa

Indian wind power developer Greenko has ordered 50 of Gamesa’s G97-2.0MW turbines for projects in the Indian states Andhra Pradesh, Karnataka and Rajasthan.

The developer made the 100MW order under a 300MW framework agreement concluded in 2013. Gamesa will also provide operation and maintenance services for five years.

The projects are due to be commissioned by March 2015.

Siemens reveals Alstom bid plan…

Siemens is set to bid for French firm Alstom’s renewable energy assets next month provided it is satisfied with due diligence.

The German manufacturer’s managing board and supervisory board said yesterday Siemens would bid for the assets in a deal reported to be worth around €11bn; but it needed four weeks to analyse Alstom’s finances and interview senior management.

The announcement followed interviews on Monday between the government and rival bidders Siemens and General Electric. The government is not a shareholder in Alstom but has intervened to protect French industry and jobs. France's rulers want Alstom to take a month to decide between Siemens and GE.

GE was reportedly close to a deal last week, but Siemens intervened with a counter-offer over the weekend. Alstom and GE officially announced a €12.35bn bid from GE this morning, and Alstom is set to decide whether to accept it by the end of May.

…as France plans post-nuclear strategy

French environment and energy minister Segolene Royal is set to propose new laws this July to help the country replace nuclear power with renewables.

Royal said she planned to accelerate investment in renewables, including wind, and that this would create 100,000 jobs by the end of 2017. France is aiming to reduce reliance on nuclear power from 75% now to 50% by 2025.

She is also set to this week announce the winner of a tender to develop 1GW in two wind farms off the French coast. Energy regulator CRE said last month that a group led by GDF Suez should win, but it faces competition from an EDF-led consortium.

Offshore trouble prompts ABB reform

Engineering firm ABB is to step up efforts to overhaul its power systems division due to problems in its offshore wind business.

The Swiss firm yesterday reported its power systems division had made a loss of €29m in the first three months of 2014. It attributed this to the impact of charges on delayed transmission projects in the offshore wind sector, particularly in Germany.

ABB is now reassessing its business model for offshore wind transmission projects. The company is set to hold its Annual General Meeting today.

Dakota turbine plane crash kills four

Four people have been killed after their plane hit a turbine on the 40.5MW South Dakota Wind Energy Centre in South Dakota.

The US Federal Aviation Authority has reported that the pilot of a single-engine aircraft and three passengers have been killed after hitting a 1.5MW General Electric turbine at the 27-turbine GE scheme. The wreckage was found on Monday.

The National Transportation Safety Board is investigating the crash, which is believed to have happened during foggy weather.

Greenko opts for 100MW from Gamesa

Indian wind power developer Greenko has ordered 50 of Gamesa’s G97-2.0MW turbines for projects in the Indian states Andhra Pradesh, Karnataka and Rajasthan.

The developer made the 100MW order under a 300MW framework agreement concluded in 2013. Gamesa will also provide operation and maintenance services for five years.

The projects are due to be commissioned by March 2015.

Siemens reveals Alstom bid plan…

Siemens is set to bid for French firm Alstom’s renewable energy assets next month provided it is satisfied with due diligence.

The German manufacturer’s managing board and supervisory board said yesterday Siemens would bid for the assets in a deal reported to be worth around €11bn; but it needed four weeks to analyse Alstom’s finances and interview senior management.

The announcement followed interviews on Monday between the government and rival bidders Siemens and General Electric. The government is not a shareholder in Alstom but has intervened to protect French industry and jobs. France's rulers want Alstom to take a month to decide between Siemens and GE.

GE was reportedly close to a deal last week, but Siemens intervened with a counter-offer over the weekend. Alstom and GE officially announced a €12.35bn bid from GE this morning, and Alstom is set to decide whether to accept it by the end of May.

…as France plans post-nuclear strategy

French environment and energy minister Segolene Royal is set to propose new laws this July to help the country replace nuclear power with renewables.

Royal said she planned to accelerate investment in renewables, including wind, and that this would create 100,000 jobs by the end of 2017. France is aiming to reduce reliance on nuclear power from 75% now to 50% by 2025.

She is also set to this week announce the winner of a tender to develop 1GW in two wind farms off the French coast. Energy regulator CRE said last month that a group led by GDF Suez should win, but it faces competition from an EDF-led consortium.

Offshore trouble prompts ABB reform

Engineering firm ABB is to step up efforts to overhaul its power systems division due to problems in its offshore wind business.

The Swiss firm yesterday reported its power systems division had made a loss of €29m in the first three months of 2014. It attributed this to the impact of charges on delayed transmission projects in the offshore wind sector, particularly in Germany.

ABB is now reassessing its business model for offshore wind transmission projects. The company is set to hold its Annual General Meeting today.

Dakota turbine plane crash kills four

Four people have been killed after their plane hit a turbine on the 40.5MW South Dakota Wind Energy Centre in South Dakota.

The US Federal Aviation Authority has reported that the pilot of a single-engine aircraft and three passengers have been killed after hitting a 1.5MW General Electric turbine at the 27-turbine GE scheme. The wreckage was found on Monday.

The National Transportation Safety Board is investigating the crash, which is believed to have happened during foggy weather.

Greenko opts for 100MW from Gamesa

Indian wind power developer Greenko has ordered 50 of Gamesa’s G97-2.0MW turbines for projects in the Indian states Andhra Pradesh, Karnataka and Rajasthan.

The developer made the 100MW order under a 300MW framework agreement concluded in 2013. Gamesa will also provide operation and maintenance services for five years.

The projects are due to be commissioned by March 2015.

Full archive access is available to members only

Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.

Full archive access is available to members only

Not a member yet?

Become a member of the 6,500-strong A Word About Wind community today, and gain access to our premium content, exclusive lead generation and investment opportunities.