Wednesday 7th May 2014

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Adam Barber
May 8, 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 7th May 2014

Pattern launches $400m public offering

Pattern Energy is looking to raise $400m with a public share issue, launched on Monday, to bolster its working capital and complete acquisitions.

This will enable the US developer to finalise deals including the acquisition of a 179MW interest in the 218MW Panhandle 1 project in Texas from its development arm Pattern Development. The $125m deal is due to complete next month.

The offering is being made through an underwriting group led by BMO Capital Markets, Morgan Stanley and RBC Capital Markets.

France will not back current GE-Alstom deal

The French government has said it would oppose General Electric’s $13.5bn takeover bid for Alstom’s energy arm over ownership concerns.

France's energy minister Arnaud Montebourg has written to GE chief executive Jeffrey Immelt saying that the government wanted a “balanced partnership”. This would be akin to the 50:50 joint venture between GE and aircraft engineer Safran, rather than a takeover that would see Alstom assets fall into the US firm's hands.

The government, in a letter published on Monday, said it would not back the current proposal because it would not be in France's interests. In a statement on Monday, GE responded that it is “open to continuing dialogue”.

$485m debt restructuring boosts Suzlon

Suzlon Group is poised to break even for the first time since 2011 after agreeing with its bondholders to restructure debts worth $485m.

The Indian manufacturer’s board agreed a restructuring of corporate bonds over the weekend. This has removed the threat of liquidation that has been a danger since October 2012, and means Suzlon could break even this financial year.

Suzlon has also signed an agreement with US developer PowerWorks Projects to supply 47 turbines totalling 99MW for schemes in California and Illinois.

Siemens scales K2 with 270MW deal

Samsung Renewable Energy has opted for Siemens turbines for its 270MW project K2 Wind in Ontario in Canada.

The developer has opted for SWT-2.3-101 turbines for the development, where commercial operation is scheduled to begin in spring 2015.

Siemens has also secured a ten-year service agreement with Pattern Energy, where it will service 405 onshore turbines in six projects in the US, Canada and Puerto Rico with a combined output of 930MW.

Gamesa secures 144MW Brazilian order

Eolicas do Sul, a subsidiary of Brazilian power company Eletrobas, has ordered144MW of Gamesa turbines for its Chui complex in southern Brazil.

The Spanish manufacturer is set to supply 72 of its G97-2.0MW turbines for the six wind farms that make up the complex, which is located in the state of Rio Grande do Sul. The project is due to be commissioned in the first quarter of 2015.

Gamesa has also announced an agreement to supply 48MW of turbines to China’s Fujian Energy in Dahanshan of Fujian Province in China.

Pattern launches $400m public offering

Pattern Energy is looking to raise $400m with a public share issue, launched on Monday, to bolster its working capital and complete acquisitions.

This will enable the US developer to finalise deals including the acquisition of a 179MW interest in the 218MW Panhandle 1 project in Texas from its development arm Pattern Development. The $125m deal is due to complete next month.

The offering is being made through an underwriting group led by BMO Capital Markets, Morgan Stanley and RBC Capital Markets.

France will not back current GE-Alstom deal

The French government has said it would oppose General Electric’s $13.5bn takeover bid for Alstom’s energy arm over ownership concerns.

France's energy minister Arnaud Montebourg has written to GE chief executive Jeffrey Immelt saying that the government wanted a “balanced partnership”. This would be akin to the 50:50 joint venture between GE and aircraft engineer Safran, rather than a takeover that would see Alstom assets fall into the US firm's hands.

The government, in a letter published on Monday, said it would not back the current proposal because it would not be in France's interests. In a statement on Monday, GE responded that it is “open to continuing dialogue”.

$485m debt restructuring boosts Suzlon

Suzlon Group is poised to break even for the first time since 2011 after agreeing with its bondholders to restructure debts worth $485m.

The Indian manufacturer’s board agreed a restructuring of corporate bonds over the weekend. This has removed the threat of liquidation that has been a danger since October 2012, and means Suzlon could break even this financial year.

Suzlon has also signed an agreement with US developer PowerWorks Projects to supply 47 turbines totalling 99MW for schemes in California and Illinois.

Siemens scales K2 with 270MW deal

Samsung Renewable Energy has opted for Siemens turbines for its 270MW project K2 Wind in Ontario in Canada.

The developer has opted for SWT-2.3-101 turbines for the development, where commercial operation is scheduled to begin in spring 2015.

Siemens has also secured a ten-year service agreement with Pattern Energy, where it will service 405 onshore turbines in six projects in the US, Canada and Puerto Rico with a combined output of 930MW.

Gamesa secures 144MW Brazilian order

Eolicas do Sul, a subsidiary of Brazilian power company Eletrobas, has ordered144MW of Gamesa turbines for its Chui complex in southern Brazil.

The Spanish manufacturer is set to supply 72 of its G97-2.0MW turbines for the six wind farms that make up the complex, which is located in the state of Rio Grande do Sul. The project is due to be commissioned in the first quarter of 2015.

Gamesa has also announced an agreement to supply 48MW of turbines to China’s Fujian Energy in Dahanshan of Fujian Province in China.

Pattern launches $400m public offering

Pattern Energy is looking to raise $400m with a public share issue, launched on Monday, to bolster its working capital and complete acquisitions.

This will enable the US developer to finalise deals including the acquisition of a 179MW interest in the 218MW Panhandle 1 project in Texas from its development arm Pattern Development. The $125m deal is due to complete next month.

The offering is being made through an underwriting group led by BMO Capital Markets, Morgan Stanley and RBC Capital Markets.

France will not back current GE-Alstom deal

The French government has said it would oppose General Electric’s $13.5bn takeover bid for Alstom’s energy arm over ownership concerns.

France's energy minister Arnaud Montebourg has written to GE chief executive Jeffrey Immelt saying that the government wanted a “balanced partnership”. This would be akin to the 50:50 joint venture between GE and aircraft engineer Safran, rather than a takeover that would see Alstom assets fall into the US firm's hands.

The government, in a letter published on Monday, said it would not back the current proposal because it would not be in France's interests. In a statement on Monday, GE responded that it is “open to continuing dialogue”.

$485m debt restructuring boosts Suzlon

Suzlon Group is poised to break even for the first time since 2011 after agreeing with its bondholders to restructure debts worth $485m.

The Indian manufacturer’s board agreed a restructuring of corporate bonds over the weekend. This has removed the threat of liquidation that has been a danger since October 2012, and means Suzlon could break even this financial year.

Suzlon has also signed an agreement with US developer PowerWorks Projects to supply 47 turbines totalling 99MW for schemes in California and Illinois.

Siemens scales K2 with 270MW deal

Samsung Renewable Energy has opted for Siemens turbines for its 270MW project K2 Wind in Ontario in Canada.

The developer has opted for SWT-2.3-101 turbines for the development, where commercial operation is scheduled to begin in spring 2015.

Siemens has also secured a ten-year service agreement with Pattern Energy, where it will service 405 onshore turbines in six projects in the US, Canada and Puerto Rico with a combined output of 930MW.

Gamesa secures 144MW Brazilian order

Eolicas do Sul, a subsidiary of Brazilian power company Eletrobas, has ordered144MW of Gamesa turbines for its Chui complex in southern Brazil.

The Spanish manufacturer is set to supply 72 of its G97-2.0MW turbines for the six wind farms that make up the complex, which is located in the state of Rio Grande do Sul. The project is due to be commissioned in the first quarter of 2015.

Gamesa has also announced an agreement to supply 48MW of turbines to China’s Fujian Energy in Dahanshan of Fujian Province in China.

Pattern launches $400m public offering

Pattern Energy is looking to raise $400m with a public share issue, launched on Monday, to bolster its working capital and complete acquisitions.

This will enable the US developer to finalise deals including the acquisition of a 179MW interest in the 218MW Panhandle 1 project in Texas from its development arm Pattern Development. The $125m deal is due to complete next month.

The offering is being made through an underwriting group led by BMO Capital Markets, Morgan Stanley and RBC Capital Markets.

France will not back current GE-Alstom deal

The French government has said it would oppose General Electric’s $13.5bn takeover bid for Alstom’s energy arm over ownership concerns.

France's energy minister Arnaud Montebourg has written to GE chief executive Jeffrey Immelt saying that the government wanted a “balanced partnership”. This would be akin to the 50:50 joint venture between GE and aircraft engineer Safran, rather than a takeover that would see Alstom assets fall into the US firm's hands.

The government, in a letter published on Monday, said it would not back the current proposal because it would not be in France's interests. In a statement on Monday, GE responded that it is “open to continuing dialogue”.

$485m debt restructuring boosts Suzlon

Suzlon Group is poised to break even for the first time since 2011 after agreeing with its bondholders to restructure debts worth $485m.

The Indian manufacturer’s board agreed a restructuring of corporate bonds over the weekend. This has removed the threat of liquidation that has been a danger since October 2012, and means Suzlon could break even this financial year.

Suzlon has also signed an agreement with US developer PowerWorks Projects to supply 47 turbines totalling 99MW for schemes in California and Illinois.

Siemens scales K2 with 270MW deal

Samsung Renewable Energy has opted for Siemens turbines for its 270MW project K2 Wind in Ontario in Canada.

The developer has opted for SWT-2.3-101 turbines for the development, where commercial operation is scheduled to begin in spring 2015.

Siemens has also secured a ten-year service agreement with Pattern Energy, where it will service 405 onshore turbines in six projects in the US, Canada and Puerto Rico with a combined output of 930MW.

Gamesa secures 144MW Brazilian order

Eolicas do Sul, a subsidiary of Brazilian power company Eletrobas, has ordered144MW of Gamesa turbines for its Chui complex in southern Brazil.

The Spanish manufacturer is set to supply 72 of its G97-2.0MW turbines for the six wind farms that make up the complex, which is located in the state of Rio Grande do Sul. The project is due to be commissioned in the first quarter of 2015.

Gamesa has also announced an agreement to supply 48MW of turbines to China’s Fujian Energy in Dahanshan of Fujian Province in China.

Pattern launches $400m public offering

Pattern Energy is looking to raise $400m with a public share issue, launched on Monday, to bolster its working capital and complete acquisitions.

This will enable the US developer to finalise deals including the acquisition of a 179MW interest in the 218MW Panhandle 1 project in Texas from its development arm Pattern Development. The $125m deal is due to complete next month.

The offering is being made through an underwriting group led by BMO Capital Markets, Morgan Stanley and RBC Capital Markets.

France will not back current GE-Alstom deal

The French government has said it would oppose General Electric’s $13.5bn takeover bid for Alstom’s energy arm over ownership concerns.

France's energy minister Arnaud Montebourg has written to GE chief executive Jeffrey Immelt saying that the government wanted a “balanced partnership”. This would be akin to the 50:50 joint venture between GE and aircraft engineer Safran, rather than a takeover that would see Alstom assets fall into the US firm's hands.

The government, in a letter published on Monday, said it would not back the current proposal because it would not be in France's interests. In a statement on Monday, GE responded that it is “open to continuing dialogue”.

$485m debt restructuring boosts Suzlon

Suzlon Group is poised to break even for the first time since 2011 after agreeing with its bondholders to restructure debts worth $485m.

The Indian manufacturer’s board agreed a restructuring of corporate bonds over the weekend. This has removed the threat of liquidation that has been a danger since October 2012, and means Suzlon could break even this financial year.

Suzlon has also signed an agreement with US developer PowerWorks Projects to supply 47 turbines totalling 99MW for schemes in California and Illinois.

Siemens scales K2 with 270MW deal

Samsung Renewable Energy has opted for Siemens turbines for its 270MW project K2 Wind in Ontario in Canada.

The developer has opted for SWT-2.3-101 turbines for the development, where commercial operation is scheduled to begin in spring 2015.

Siemens has also secured a ten-year service agreement with Pattern Energy, where it will service 405 onshore turbines in six projects in the US, Canada and Puerto Rico with a combined output of 930MW.

Gamesa secures 144MW Brazilian order

Eolicas do Sul, a subsidiary of Brazilian power company Eletrobas, has ordered144MW of Gamesa turbines for its Chui complex in southern Brazil.

The Spanish manufacturer is set to supply 72 of its G97-2.0MW turbines for the six wind farms that make up the complex, which is located in the state of Rio Grande do Sul. The project is due to be commissioned in the first quarter of 2015.

Gamesa has also announced an agreement to supply 48MW of turbines to China’s Fujian Energy in Dahanshan of Fujian Province in China.

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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.