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 →
MidAmerican Energy Holdings, a unit of Warren Buffett’s Berkshire Hathaway, has agreed to buy nearly 450 2.3-megawatt wind turbines – with an estimated collective value of over $1 billion – from Siemens. “MidAmerican is expanding in wind as costs fall.” [Bloomberg] China’s move to tackle air pollution could push major Australian coal mining operations from… Keep reading →
Persistently low natural gas prices and a search for stable cash flows helped drive a large year-over-year increase in power and utilities mergers and acquisitions in 2Q 2013, according to accounting giant PricewaterhouseCoopers. The value of North American power and utilities M&A deals worth $50 million or more rose sharply year-over-year, reaching $12.5 billion, up… Keep reading →
Investors are abandoning the solar manufacturing sector, but the solar game is far from over, according to one analyst. “There will be a resurgence” of solar after a manufacturing shakeout, Jason Channell, director of investment research and analysis at Citigroup, told CNBC. But “we think the next boom is coming from the storage area,” he… Keep reading →
Renewable energy project financing and development is being challenged by regulatory uncertainty and historically depressed natural gas prices. This is probably not a surprise to industry participants and observers, but these were two predominant themes among the bankers, developers, lawyers and other participants at the 9th annual Renewable Energy Finance Forum Wall Street in New York on June 19th.
The situation is risky right now for investors, said Nicholas d’Arbeloff, President of Regional Development and National Programs for Advanced Energy Economy, an industry association. How heavily do you want to bet, given the current political uncertainty? Keep reading →
Geothermal energy technology is moving beyond volcanos, and popping up in unexpected spots like oilfields.
The technology developed in the last century to tap the earth’s heat has been most productive in regions where hotter layers are closer to the earth’s surface, like hot springs and active volcanic formations. Steam produced in those layers is used to generate electricity. Keep reading →
