Berkshire Hathaway energy unit MidAmerican Power Holdings has agreed to buy wind turbines with an estimated value of more than $1bln from Siemens. IFM Investors has agreed to invest $1.3 billion in equity funding for the proposed three-train Freeport LNG natural gas liquefaction and export plant in Texas, sourced from a consortium of project finance ledners. The funding in question… Keep reading →
This Forbes piece profiles Noble Energy’s diverse portfolio of assets that may appear haphazard, but according to CEO Charles D. Davidson, “This isn’t an accident. This is a strategy.” [Forbes] A top oil and gas banker moves from Morgan Stanley to Credit Suisse. “Before making the move, Mr. McCabe was at Morgan Stanley, and has… Keep reading →
As Germany gears up for a nuclear-free low-emissions energy future, wind power has taken a new lead.
On August 4, the German engineering and technology company Siemens announced it would be splitting its renewables arm into two branches, Wind Power and Solar & Hydro. Considering its remarkable headline success in the wind sector since 2004–revenue has increased by a factor of 12 to about $3.2 billion–the company hopes to refocus its efforts and further specialize in the wind market with newer products alongside industrialized manufacturing and logistics. Keep reading →