Constellation Energy to Sell Downstream Gas Business
Constellation Energy announced it has reached a definitive agreement to sell its Houston-based downstream natural gas unit to Macquarie Group. Terms were not disclosed. The pending divestiture is one of several strategic initiatives the company has undertaken in recent months to reduce risk in its merchant businesses and improve liquidity through the...
Exelon Generation Formally Integrates AmerGen Assets Into Exelon Nuclear
Exelon Generation officially integrated the nuclear generation assets held by its AmerGen Energy Company LLC subsidiary into Exelon Nuclear and dissolved the AmerGen legal entity. The Nuclear Regulatory Commission approved the formal transfer of the operating licenses for these facilities to Exelon Generation on Dec. 23, 2008, which was a key step in...
AES Subsidiary Secures Financing for 22 MW North Rhins Wind Farm in Scotland
The AES Corporation announced that its wholly-owned subsidiary, Wind Energy (North Rhins), Limited, secured £35.1 million in long-term financing to construct and operate the 22 MW North Rhins wind farm in Scotland, UK. The £35.1 million facility is a non-recourse senior project construction and term loan from Barclays Commercial Bank. The loan is...
CMAI’s 2009 World Butadiene Analysis Brings Focus to Uncertain Supply & Demand Outlook
Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Butadiene Analysis, an annual global study that covers the future outlook for supply, demand, production, capacity, trade, pricing and profitability of the global butadiene and derivatives industries for the period 2003 to 2013. Included with the analysis is access to...
Biofuel Plantations on Tropical Forestlands Are Bad for the Climate and Biodiversity, Study Finds
Keeping tropical rain forests intact is a better way to combat climate change than replacing them with biofuel plantations, a study in the journal Conservation Biology finds. The study reveals that it would take at least 75 years for the carbon emissions saved through the use of biofuels to compensate for the carbon lost through forest conversion. And...
Solix Biofuels Completes $10.5 Million Series A Funding Round, Receives Commitment for Additional $5 Million to Build Biofuels Pilot Plant in Southwest Colorado
Solix Biofuels, a Fort Collins, Colo.-based alternative energy technology firm focused on algae-based intermediates for fuel and chemical production, today announced it has raised $10.5 million in its first round of outside funding, and has reached an agreement with investors for an additional commitment of $5 million, to be used to build an algae...
Pritchard Capital Partners Hires Senior Professionals to Expand Sales and Trading Group
Pritchard Capital Partners, an energy investment bank and institutional financial services firm, announced today additional expansions to its institutional sales and trading teams with the addition of Owen Jones and John Joyce. Mr. Jones joins as a senior vice president sales trader based in the Washington, D.C., office and Mr. Joyce joins as a senior...
South Africa’s Minister of Minerals and Energy Welcomes Denham Capital Investment in BioTherm Energy to Develop Power Generation Business
Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa...
Argus Launches Price Assessments for Sakhalin Island Vityaz and Sokol Crudes
Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin island. Argus is the first price reporting service to offer daily assessments of Vityaz, whose output is expected to be around 90,000 b/d this year, rising to an expected plateau of 150,000 b/d from...
Ocean Power Technologies Wins New $3 Million Contract from US Navy
Ocean Power Technologies, Inc. announce that it has been awarded a new $3 million contract for participation in the second phase of the US Navy’s Deep Water Active Detection Systems (“DWADS”) program, which is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications...
Recent Energy News
Cetrel and Novozymes to Make Biogas and Electricity from Bagasse
Cetrel, the largest provider of environmental solutions for the manufacturing industry in Latin...
Innergex increases its net installed capacity by 53 % as Ashlu Creek starts commercial operation
Innergex Renewable Energy Inc. announces that the Ashlu Creek run-of-river hydroelectric power...
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