TOKYO-Hokutaku Co., Ltd. (President: Yukari Yoshida; Headquarters: Asahikawa-shi, Hokkaido) and Mitsui OSK Lines, Ltd. (MOL; President and CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) today announced that the companies have established the Hokutaku MOL Wind Energy Investment Limited Partnership (Hokutaku/MOL Wind Energy Fund) with the aim of investing in the offshore
Global energy giant Shell is continuing its push into Australia’s power market with a deal to buy a major stake in wind farm developer WestWind. The acquisition, due to be announced on Tuesday, marks an acceleration of the London-based oil and gas giant’s efforts to expand its power generation and
Drax tentatively secured an agreement to supply hydropower to the grid during the last capacity market cycle. The North Yorkshire energy giant will offer 621MW of power generation from its Cruachan Pumped Storage, Galloway’s hydropower system comprising Tongland, Kendoon and Glenlee – both in Scotland, and three small gas turbines
Babcock International has completed the sale of its power generation business to M Group Services for £ 50 million. he London-based aerospace, defense and engineering firm sealed the divestiture as part of efforts to streamline operations. The power business provides engineering services to the power generation and distribution industry and
HOULTON, Maine – Motorists driving US Route 1 through Houlton have likely noticed a large collection of recently appeared solar panels. Led by Houlton resident Cameron Clark, the solar panels are just the latest budget venture for the young entrepreneur who started his first business while still in high school.
In October 2008, when Crane was COO, Chicago-based Exelon launched a hostile take-over bid for NRG Energy Inc. NRG was a merchant generation company, which means it sells electricity wholesale in deregulated markets rather than obtaining a regulated return like a traditional utility. The trading generation is more exposed to
During the last years, General Electric (NYSE:GE) divested assets at a brisk pace in an effort to streamline the business, exit less desirable lines of business and shore up its struggling balance sheet. The GE Power unit has been a key target of this restructuring effort, after the segment’s revenues
This decision marks a dramatic turnaround for GE. Barely five years ago, the the company doubled the coal by acquiring the electricity business of Alstom, which manufactures coal turbines. The $ 9.5 billion deal – the biggest industrial purchase GE ever made – turned out to be a disaster. Coal