Dealmaking


The globalization of the renewable energy business continues without pause.

Chinese wind turbine manufacturer Goldwind is using components manufactured by Finnish permanent magnetic generator firm The Switch at its new US manufacturing facilities, both companies announced. Keep reading →


The President of the Tokyo Electric Power Company resigned today.

President Masataka Shimizu, leader of the company that operated of the notorious Fukushima nuclear power plant, announced his resignation today: Keep reading →


Insurance buyers expect their insurer to be able to return them to financial health when something unforeseen happens. For that reason insurance companies are generally among the most conservative financial service institutions. Insurers don’t address risks they don’t understand or can’t quantify. With this said, it is noteworthy that the property, liability and life segments of the insurance industry are all very active in their support on renewable energy today in two very specific ways.

First, as a direct result of the demonstrated improvements in manufacturing, construction, operations, and the overall risk profile of renewable energy, insurers now actively compete to insure the risks on the basis of pricing and coverage conditions. Today, there are at least 15 major international and numerous regional insurers addressing various forms of risks directly related to renewable energy projects – many of them with divisions now focused exclusively on renewable energy business. Insurance coverages are much broader, and costs are a fraction of what they were just 10 years ago. In fact, issues in financing renewable energy projects are driving some of the most innovative changes under consideration in property and liability insurance today. Finally, because renewable energy presents a clear opportunity for business growth, the number of insures competing for business is forecasted to increase, leading to an even more robust competitive market favorable for insurance buyers. Keep reading →

Breaking Energy gets feedback: great for “energy nerds and energy newbies” Keep the comments coming! @AOLenergy

Through efficiency and flexibility, significant portions of the current infrastructure can be repurposed for greener energy sources; that was the tentative consensus of a panel discussion earlier this week at the Milken Institute Global Conference.

The question put to the panel, titled Repurposing Energy Infrastructure, by Milken Institute Senior Fellow Joel Kurtzman was this: Keep reading →



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Canada is America’s largest supplier of oil and it plans to stay that way. Keep reading →

Energy management firm Hara received $25 million of funding today, writes TechCrunch. Keep reading →

It has become commonplace in America to read about companies moving their jobs and operations overseas, in search of less expensive pastures.

But here is one story you likely haven’t heard: our company recently spent nearly $200 million to build a world-class facility, to produce gas turbines in North Carolina. It will create 1,000 direct new jobs and more than 2,000 indirect ones. It will actually cost us less to build these turbines in Charlotte than in any of our other manufacturing sites, even Shanghai, despite paying competitive U.S. wages. Keep reading →

Exelon’s proposed $7.9 billion purchase of Constellation is either the end of an era in electricity trading, or the beginning of “power markets 3.0.” Keep reading →

More than a decade after deregulation of the electricity sector began the process of creative destruction by ending the monopoly of power companies over customer service areas, utilities are doing their best to rebuild the full-service model for a new era.

Exelon, a Chicago-based company with a large generation portfolio but minimal exposure to the customer side of the electricity business, will pay $7.9 billion in an all-equity deal to take on floundering Constellation Energy of Baltimore. The two companies hope to close the deal in early 2012, and have written a daunting combined $1 billion worth of breakup fees into the agreement to guarantee only regulatory objections could halt their tie-up. Keep reading →

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