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 Sonjica, South Africa Minister of Minerals and Energy said, “Having opened BioTherm’s... Read more..
MidAmerican Energy Holdings Company and Constellation Energy announced early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, related to MidAmerican’s proposed merger with Constellation Energy. “The clearance of the Hart-Scott-Rodino Act is another step forward in achieving the necessary regulatory approvals required to complete this transaction,” said Gregory E. Abel, president and chief... Read more..
Atomic Energy of Canada Limited (AECL) formalized an advanced nuclear fuel development agreement with China’s Third Qinshan Nuclear Power Co. (TQNPC), China North Nuclear Fuel Corporation and Nuclear Power Institute of China. The agreement is to jointly develop the technology for the use of uranium recovered from the spent fuel of light water reactors in China, and to be used in the CANDU reactors in China, located southwest of Shanghai. The... Read more..
Constellation Energy provided an update on its previously announced plans to increase available liquidity and reduce risk in its commodities businesses. Constellation Energy announced that the closing of the previously announced credit facility has been extended to no later than Nov. 26 and currently expects to receive total commitments from the banks of approximately $1.0 billion to $1.25 billion. The company also announced that it is exploring other... Read more..
Carbon Sciences Inc., the developer of a breakthrough technology to transform carbon dioxide (CO2) emissions into gasoline and other fuels, today commented on the source of hydrogen and energy efficiency of its unique CO2-to-Fuel technology. Dr. Naveed Aslam, inventor of the technology and the company’s chief technology advisor, commented: “Unlike other CO2 to fuel approaches, Carbon Sciences’ technology does not use molecular hydrogen... Read more..
Constellation Energy recently joined with key representatives from Alexander City, Tallapoosa County, and the state of Alabama in a ceremony recognizing the restart of construction at the 774-megawatt Hillabee Power Plant in Alexander City. Constellation Energy purchased the partially completed natural gas plant from Calpine Corporation in February 2008. Calpine had begun construction of Hillabee in 2001, but work has been halted since 2003. In September... Read more..
MidAmerican Energy Holdings Company and Constellation Energy announced the companies have reached a tentative agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. The companies expect to enter into a definitive merger agreement by close of business, Sept. 19. Upon signing a definitive merger agreement, Constellation Energy will... Read more..
Constellation Energy announced for a fourth consecutive year it has been named to the Dow Jones Sustainability Index (DJSI), which tracks the financial, environmental and social performance of leading sustainability-driven companies worldwide. “Being named to the Sustainability Index once again serves as a strong indication of our continued commitment to delivering solid financial performance while meeting key environmental and social responsibility... Read more..
Renewable Energy Corporation ASA (REC) is pleased to announce Becancour, Quebec as the site of choice for the next phase of silicon materials expansions. The site will be developed in stages and could potentially hold four production units similar in size of the factory currently under completion in Moses Lake, Washington, USA. ADVERTISEMENT REC has today decided to establish its next silicon materials manufacturing expansion in Becancour, Canada... Read more..
Constellation Energy announced that its subsidiary, Constellation NewEnergy (CNE), is helping to turn the court green at the 2008 US Open in Flushing, N.Y. CNE will supply an estimated 2,000 Green-e certified wind Renewable Energy Certificates (RECs) to the United States Tennis Association (USTA) to match the electricity consumption at the USTA Billie Jean King National Tennis Center for the duration of the US Open held Aug. 25-Sept. 7, 2008. “We’re... Read more..