Alpha Natural Resources and Massey Energy Agree to $8.5 Billion Combination

Alpha Natural Resources, Inc. and Massey Energy Company announced today that they signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock, subject to customary closing conditions including stockholder approval of both companies. Under the terms of the agreement, Massey stockholders will receive, at... 

Hiroshi Development, LLC Closes Initial $300 Million to Fund Renewable Energy and Technology Projects

Hiroshi Development, LLC addresses an opportunity in the renewable energy market that neither traditional private equity nor venture capital investors currently address. Renewable energy financings require a strong understanding of project equity, senior and subordinated debt structures, regulatory compliance, fuel supply and power purchase agreements.... 

Clear Skies Solar Announces $8 Million Solar Farm Project in Badger, CA

Clear Skies Solar Inc., has signed a Memorandum of Agreement with Badger Creek Development L.L.C. of Beverly Hills, CA for the design and construction of a 2.1 MW Solar Farm to be located in Badger, CA. The project, which is expected to exceed $8 million, is now in the initial design and engineering stages and will be structured as a utility Power Purchase... 

Nexant Sees Bright Future for African Petrochemical Sector

As the petrochemical industry intensifies its global search for new chemical feedstock sources, a growing number of companies are looking closely at Africa’s largely underdeveloped and potentially vast hydrocarbon and mineral resources as an alternative source of supply. In a soon-to-be-initiated study—The African Petrochemical and Fertilizer Industry:... 

NEMI and Aviva to merge, creating a growth-oriented international coal and energy business.

NEMI Northern Energy & Mining Inc. and Aviva Corporation announce that they have entered into a merger implementation agreement to combine the businesses of the two companies to create a new growth-oriented international coal and energy group. The combined entity will provide investors with exposure to operating and development stage assets across... 

Waratah Board Recommends Shareholders Reject Mineralogy’s Unsolicited Partial Offer

In its Directors’ Circular filed today, the Board of Directors of Waratah Coal Inc. unanimously recommends that holders of Waratah common shares reject the unsolicited partial offer from Mineralogy Pty Ltd. and not tender their Shares to Mineralogy. In reaching this recommendation and concluding that the Mineralogy partial offer is not in the... 

Vattenfall Acquires AMEC Wind Energy ltd

Vattenfall AB, the fifth largest electricity generator in Europe, today announced the acquisition of 100% of AMEC Wind Energy Limited (‘AMEC Wind’), a major UK developer of commercial wind farms for cash consideration of around 126.6 million GBP (equalling about 1.6 billion SEK or 160 million EUR). This move positions Vattenfall to further expand... 

Detroit Edison Submits Application for Possible New Nuclear Plant

Detroit Edison officials submitted to the U.S. Nuclear Regulatory Commission a Combined License Application for a possible new nuclear power plant at the site of the company’s existing nuclear plant near Newport, Mich. “It is satisfying to reach this significant milestone, which is necessary if we are to maintain the option of building a... 

DCP Midstream Partners, Plains Exploration & Production, and Delta Petroleum to Expand Piceance Basin Gathering System for $150 Million

DCP Midstream Partners, LP, operator and 70 percent owner of Collbran Valley Gas Gathering, LLC (CVGG), today announced that CVGG has entered into definitive agreements to invest approximately $150 million over a multi-year period to construct approximately 20 miles of 24 inch diameter gathering pipeline, compression and liquids handling facilities... 

NuCoastal Power Announces a Strategic Investment by ArcLight Capital

In July 2008, an affiliated fund of ArcLight Capital Partners, LLC completed an initial investment in NuCoastal Power Holdings, LLC located in Houston, Texas. The new company will be re-named ReNu Power LLC. Founded in 2005, NuCoastal Power is a power generation company whose strategy has been to acquire and re-develop a portfolio of five “mothballed”...