Cape Wind secured another major milestone with the approval by the Massachusetts Department of Public Utilities (DPU) of the 15-year Power Purchase Agreement (PPA) with NSTAR to buy Cape Wind’s energy, capacity and renewable energy credits. Cape Wind President Jim Gordon said, “This decision helps secure the position of Massachusetts as the U.S. leader in [...]
Hogan Lovells advised the bank lenders to the Blue Transmission consortium of Macquarie Capital Group Limited and Barclays Integrated Infrastructure Fund on the consortium’s successful bid to acquire and operate the transmission link to the Walney 2 offshore wind farm for £110 million. The lending group comprised Lloyds Banking Group, SMBC, Bank of Tokyo Mitsubishi, [...]
The Management Board and Chairman of the Supervisory Board of PNE WIND AG strengthen their engagement with the firm through the purchase of shares. The Management Board members Martin Billhardt, Jörg Klowat und Markus Lesser as well as Chairman of the Supervisory Board Dieter K. Kuprian announced they have each purchased 10,000 shares in an [...]
Marubeni Corp. and Innovation Network Corporation of Japan, a joint private-public investment fund, plan to purchase British wind power manufacturer Seajacks. Six Japanese banks agreed to extend a loan of approximately USD 322 million for the companies by the end of the month. The two companies plan to promote natural energy resources by assisting in [...]
According to Care2 news portal, Maine’s Public Utilities Commission recently approved ORPC’s power purchase agreements (PPAs). The 20-year agreements with the tidal energy developer will generate electricity from its Cobscook Bay site in the Gulf of Maine. The company’s Maine Tidal Energy Project began to develop in March, when the bottom support frame for the first grid-connected [...]
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over the North Sea wind farm Borkum Riffgrund I of Germany by DONG Energy Borkum Riffgrund of Germany and Boston Holding of Denmark. The Commission found that the proposed transaction would not raise competition concerns because it will not alter the market structure. The [...]
![USA: NStar to Purchase Power from Cape Wind]()
According to the Associated Press, the largest Massachusetts-based, investor-owned electric and gas utility, NStar decided to purchase power from Cape Wind offshore wind farm. The contract is worth $1.6 billion and is intended for15- years- long period. This is $940 million more that the market price of conventional electricity for the same period. The Cape [...]
Following the NSTAR / Cape Wind long term Power Purchase Agreement with the Massachusetts Department of Public Utilities, the Cape Wind President Jim Gordon released the stetement : ”Today’s filing of the Cape Wind/Nstar Power Purchase Agreement is about moving forward to deliver energy, environmental and economic benefits to Massachusetts and New England electric consumers. [...]
![NRG Cancels Long-term Power Purchase Agreement with Delmarva Power (USA)]()
NRG, the parent company of Bluewater Wind, notified Delmarva Power it is cancelling the long-term power purchase agreement with Delmarva Power… (newarkpostonline) Source: newarkpostonline, December 28, 2011
![Utilities Argue Against Power Purchase from Cape Wind (USA)]()
NStar and Northeast Utilities on Wednesday said Massachusetts regulators can’t force them to buy power from the Cape Wind offshore wind farm… By Jay Lindsay (Associated Press) Source: Associated Press, October 13, 2011
