Commerce Energy Sells Texas Retail Electric Business for $14.8 Million

Commerce Energy Group, Inc. said that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and... 

Goldman Sachs and Blue Source Create Strategic Alliance to Market U.S. Greenhouse Gas Emission Reductions

The Goldman Sachs Group, Inc. and Blue Source LLC today announced a strategic alliance that combines Goldman’s global leadership in commodities trading and financial risk management with Blue Source’s leading climate change portfolio. As part of the alliance, Goldman Sachs has purchased an equity stake in Blue Source LLC. Goldman Sachs will off-take,... 

Financing For Welwind Energy’s Ningxia Tianjing Helanshan Wind Farm Project Announced

Welwind Energy International Corp. announces that it has received a confirmed letter of financing for its joint venture partnership for a 50% interest in the Ningxia Tianjing Helanshan wind farm project from Global Financial & Capital Corp. This financing is in addition to the October 6th announcement of financing of the A La Shan Zuo Qi Windfarm... 

Welwind Announces Joint Venture Partnership Signed For Operational Wind Farm

Welwind Energy International Corp., announces that it has successfully signed a second joint venture partnership for a 50% interest in the Ningxia Tianjing Helanshan wind farm project. This joint venture is for an interest in a 30.9MW wind farm which completed construction in February 2008. Ningxia Tianjing Shenzhou Windfarm Ltd was established on May...