Algonquin Power & Utilities Corp. Announces 2010 Fourth Quarter and Year End Financial Results

Algonquin Power & Utilities Corp. today announced financial results for the fourth quarter and year ended December 31, 2010. On October 27, 2009, Algonquin Power Income Fund became a wholly owned subsidiary of Algonquin Power & Utilities Corp. (collectively “APUC”), maintaining the same operations and business activities, but under... 

Dresser-Rand Announces Plan to Acquire Grupo Guascor S.L. (“GG”)

Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced today that it has signed a Share Purchase Agreement (“SPA”) to acquire Grupo Guascor S.L. (“GG”) for an enterprise value of euro 500 million ($690 million) in a cash and stock transaction. The enterprise value includes... 

Progress Energy CEO Johnson Urges Flexibility and Customer Protection in Implementing EPA Rules

The U.S. electric utility industry faces an “unprecedented convergence of new federal environmental rules – unprecedented in scope of change and compression of deadlines,” Progress Energy Chairman, President and CEO Bill Johnson told utility regulators Monday in Washington. And the “current fragmented approach, coupled with rapid-compliance... 

John Wood Group PLC (‘Wood Group’, the ‘Group’) Announces Disposal of Well Support Division for $2.8 Billion

Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than $1.7 billion to shareholders... 

Philadelphia University and MAG Establish New Composites Institute to Develop Textile-Based Composites for Industrial Applications

Philadelphia University and MAG are establishing the Philadelphia University MAG Composites Institute for research and development of new textile-based composites that could have wide application in industry, including the aerospace, automotive and energy sectors. The new research institute will be funded in part by $1.1 million from MAG, whose chairman... 

Teams Prepare for Round Two in the 2010-2011 Clean Energy Prize Competition

Ideas for new green-energy businesses ranging from a credit card bonus points program to fund renewable energy projects to a speed bump that generates electricity for roadside electronics will go head to head Jan. 21 in Round-2 competition for the 2010-2011 Clean Energy Prize. The competition, presented by DTE Energy and the University of Michigan... 

THINK Delivers Its First U.S.Built Electric Cars

THINK™, the world’s leading dedicated electric vehicle maker, has delivered its first U.S.-built cars to the State of Indiana for use in its government fleet. The 15 vehicles, which were shipped from THINK’s manufacturing facility in Elkhart, Ind., will be the first electric passenger vehicles with American-made, Lithium-ion batteries... 

Dominion Resources GreenTech Incubator to Grow Clean Technology Businesses, Jobs in Central Virginia

The Dominion Resources GreenTech Incubator, a center to assist new businesses focused on energy efficiency and other clean and green technologies, is scheduled to open early next year in Ashland, Va., with financial support from Dominion, one of the nation’s largest producers of energy. Modeled after other successful technology incubators, the... 

Yingli Green Energy Enters Into Credit Agreement for a Three-Year Loan Facility With ADM Capital

Yingli Green Energy Holding Company Limited, one of the world’s leading vertically integrated photovoltaic (“PV”) product manufacturers, today announced that one of its wholly-owned subsidiaries has entered into a credit agreement for a three-year loan facility with a fund managed by Asia Debt Management Hong Kong Limited (“ADM... 

NACEL Energy Updates Channing Flats Texas Wind Energy Project

NACEL Energy Corporation, a wind power company in business to generate clean, renewable energy, today confirmed it has commenced the collection of site specific wind measurement data at its Channing Flats project site in Moore County, Texas, with the installation of a 60 meter (200 ft.) NRG Systems meteorological tower transmitting data back to NACEL...