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DONG Energy Boosts Earnings Expectations as it Finalises Fossil Fuel Sell-Off and Eyes Renewables Opportunity
Danish wind giant DONG Energy has improved its earnings expectations for the year following a surge in profits in the three months to June 2017. In its first financial results since reaching an agreement to sell its oil and gas…
Orlando Becomes 40th City to Commit to 100% Renewable Energy
The Orlando City Commission unanimously approved a resolution Tuesday establishing a goal to move Orlando to 100 percent clean and renewable energy by 2050. Orlando is now the largest city in Florida to make such a commitment and joins a…
Latin American Renewables Sector Enjoys Twin Funding Boost
Latin America’s fast-expanding renewables sector received a twin-boost this week as two leading developers announced they had secured funding for giant wind farm projects in Chile and Mexico. Mainstream Renewable Power announced yesterday that its Chilean joint venture Aela Energía…
Massachusetts Considering Plan To Classify Wood Pellets As Renewable Energy
In order to more easily “achieve” its renewable energy goals (formally, at least), the state of Massachusetts may implement a plan that would see the burning of wood pellets classified as renewable energy. This plan would also result in subsidies…
Financing & Turbines Secured For 424 Megawatt Mexican Reynosa III Wind Park, The Largest In Latin America
Two parallel announcements have given shape to the planned 424 MW Reynosa III Wind Park set to be developed in Mexico, with wind turbines supplied by Vestas and financing from Mexico’s state-owned development banks. Mexico’s Secretariat of Energy (SENER) announced…
Global Infrastructure Partners Acquires 50% Stake From DONG Energy In 450 MW Borkum Riffgrund 2 Offshore Wind Farm
One of the world’s leading infrastructure investors, Global Infrastructure Partners, this week announced that it has acquired a 50% stake in the German 450 MW Borkum Riffgrund 2 Offshore Wind Farm from Danish wind energy developer DONG Energy. Specifically, Global…
E.ON Trails New Green Growth Strategy
German utility giant E.ON has today announced plans to launch of a green energy investment strategy to lead the firm into the “new energy world”. The announcement came as part of E.ON’s half year results, which saw the utility largely…