Hitachi to Strengthen Energy Solutions Business with the Acquisition of ABB’s Power Grids Business

Offering innovative energy solutions globally by combining ABB’s world-class power grids products, systems, software and service solutions and products with Hitachi’s advanced digital technology. Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion (£8.7 billion) deal which cements its position in the energy solutions sector. Hitachi is to acquire an 80.1% stake in the power grids division and has also entered into a purchase option for the remaining 19.9% share, turning power grids into a wholly-owned subsidiary of Hitachi. Hitachi and ABB have agreed to a deal which values the power grids business at around US$11 billion (£8.7 billion). Hitachi will pay a purchase price

Read more

Senvion signs 48 MW contracts of 3.XM series in European core markets

Senvion has signed 47.5 megawatts (MW) firm contracts of its modular 3.XM series in Belgium, France and Portugal in the fourth quarter of 2018. In Belgium, Senvion has concluded contracts with customers including EDF Luminus for the Sint Gillis Waas wind farm and Eoly for the Rebaix wind farm. The Belgian wind farms total four wind turbines including 3.4M104 and 3.4M114 turbine types. The installation and the commissioning of the Belgian wind farms are planned for Summer 2019. In France and Portugal, Senvion has signed contracts with new customers, respectively ČEZ Group and EKZ, the utility of the Canton of Zurich. The French Aschère-le-Marché wind farm, developed by ABO Wind

Read more

Vestas extends market leadership with fifth EPC project in Jordan

Vestas has signed an engineering, procurement and construction (EPC) contract for the 52 MW Abour wind park in Tafileh, Jordan. The order is placed by Abour Energy Company PSC, the Jordanian SPV owned by Saudi Arabia’s Xenel Industries and Dubai based Amea Power Limited, and includes the supply, transport, installation and commissioning of 15 V136-3.45 MW turbines. Underlining Vestas’ extensive local experience and proven ability to deliver site-specific solutions, the project marks Vestas’ fifth EPC contract in Jordan in the past five years, totalling 355 MW of installed or under construction capacity. Vestas pioneered wind energy in Jordan in 1996 and continues to support Jordan’s ambitious target of 1.6 GW wind

Read more

Senvion signs conditional contract in USA for 275 MW

Senvion signs conditional contract in USA for 275 MW Third large-scale order for 4.2M140 turbine within a month Senvion signed agreements for the supply and commissioning of 275 megawatts (MW) of wind turbines with the TG East Wind Project that is owned by Taaleri Energia Ltd. NorthRenew, a renewable energy development firm, will co-develop the project with Taaleri. Senvion will supply 58 Senvion 4.2M140 turbines with a hub height of 110 meters as well as ten Senvion 3.2M114 turbines at 93 meter hub height. Commercial operations will commence in 2020. The agreements include a 25-year full service operations and maintenance contract. The TG East Wind Project is located in Knox

Read more

HESS: The Fall and Rebirth of Win Inertia’s hybrid energy storage shift paradigm

A multinational private investment fund has rekindled the energy storage vision that Win Inertia’s Technologies Ltd. began in 2008, setting up a new and reinforced start up   Hybrid Energy Storage Solutions Ltd. (hereinafter called HESS Ltd.) has emerged from the solid technical foundations of Wind Inertia Technologies S.L., after its financial issues in 2016. The new holders bring, along with financial support, direct connections to big energy operations and business opportunities in Europe as well as Middle East and US markets. HESS Ltd. remains Win Inertia® as its flagship commercial brand due to the preceding attention and reconnaissance for developing hybrid energy storage systems and energy management solutions for

Read more

Iberdrola offers customers the possibility of buying green energy packages

In line with its commitment to offer energy solutions that adapt to customers’ needs Energy Wallet is a pioneering product in Spain that can be used to buy green energy packages for six, 12 or 24 months, knowing the final price in advance  Customers can also use the energy purchased for different supplies,in their main and second homes, while monitoring everything on their mobile phones in real time, for a 100% digital solution In line with its commitment to innovate and offer energy solutions that meet each customer’s needs, Iberdrola has launched a new product, Energy Wallet, that offers customers the opportunity to buy green energy packages to cover an

Read more

Red Eléctrica presents the awards to its best in-house energy efficiency projects of 2017

The Chairman of Red Eléctrica de España, José Folgado; the Corporate Director of Resources, Ángel Mahou, and the Manager of the Human Resources area, Jose Antonio Vernia, today presented the awards for its best in-house energy efficiency projects of 2017 at the 6th Edition of the Red Eléctrica eficiente Awards. The Company’s Red Eléctrica eficiente programme promotes the development of initiatives that help showcase the Group’s commitment to energy efficiency and to the fight against climate change. With these awards, the Company seeks to engage all its employees in said commitment through the exchange of knowledge and good practices among all areas of the business. In this sixth edition, a

Read more

E.ON and RWE: two European energy companies focus their activities

E.ON will be transformed into a highly focused provider of European energy networks and state-of-the-art customer solutions, ideally positioned to drive Europe’s energy transition by innovation. This transformation anticipates the rising and legitimate demands of its customers in Germany and Europe, for instance in electro-mobility or the increasing interconnectedness of production and offers in regional energy networks. RWE will become a leading European electricity producer by means of renewable energy with attractive growth potential, optimally combined with security of supply through its conventional power plants and energy trading. E.ON to acquire RWE’s 76.8 percent stake in innogy. Via an asset exchange, RWE will receive substantially all of E.ON’s renewables activities,

Read more

Red Eléctrica invests more than €9.3 million in innovation during 2017

In 2017, Red Eléctrica de España earmarked more than €9.3 million for the development of 85 initiatives related to innovation, considered as part of its strategy for the 2016-2019 period; a strategy defined with the purpose of boosting innovation as a lever for growth. This volume of investment, which in 2017 represented an increase of 8.1% on that of the previous year, has been geared towards initiatives in various areas of the Company’s business activity and has focused mainly on four vectors: digitalisation, people, sustainability and technology. In this regard, the Company has focused its efforts on continuing the development of the Best Paths project (BEyond the State-of-the-art Technologies for

Read more

Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade

Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade. Ignacio Galán, the group’s Chairman, said: “Overall, the plan we are presenting today is fully consistent with our strategy over recent years, while seizing the opportunities provided by the new digital environment. In essence, it is a plan that maintains focus on growth in specific opportunities in regulated and long-term contracted businesses which offer earnings visibility, while maintaining a geographically balanced portfolio and exploring growth beyond those frontiers.” Over 90% of capex will be allocated to networks (50%), renewables (37%) and contracted generation in Mexico (4%), business areas which will represent 

Read more