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Jobs question jeopardizes wind farm's stimulus deal

2009-11-05T02:36:26Z

News that $450 million in federal stimulus money might go toward installing Chinese-made wind turbines in Texas prompted criticism on Thursday, with Senator Charles E. Schumer, Democrat of New York, calling on the Obama administration to deny federal financing. According to partners in the deal, the proposed 600-megawatt wind farm, announced late last week, would be built on 36,000 acres in West Texas using 240 wind turbines manufactured by A-Power Energy Generation Systems of Shenyang, China.

Tempers flare in U.S. over Chinese involvement in wind farm planned for Texas

2009-11-01T20:04:34Z

The total cost of the project, which was brokered in part by the U.S. Renewable Energy Group, an American private equity company, was estimated at $1.5 billion. ...The group's calculations last week put the number of American jobs at a little more than 300 - most of them temporary construction jobs, along with about 30 permanent positions once the wind farm is operating. Mr. McGarr told The Wall Street Journal that more than 2,000 Chinese jobs would be created by the deal. That, along with the fact that the project was hoping to secure 30 percent, or $450 million, of its financing from U.S. stimulus funds, was enough to send tempers flaring.

China to supply turbines and funding for $1.5bn Texas wind farm

2009-10-30T15:07:27Z

A Sino-US consortium yesterday announced plans for a US$1.5 billion, 600MW wind farm in Texas, with China supplying all the turbines and most of the funding. The 36,000-acre wind farm ...is a joint venture between state-backed Chinese firm Shenyang Power Group, US wind farm developer Cielo Wind Power and private equity firm US Renewable Energy Group. Most of the funding for the project will come from Chinese banks, with loan guarantees and grants provided by the US federal government's economic stimulus package.

BP expands wind power footprint in the U.S., sheds unit in India

2009-09-17T01:40:46Z

BP is expanding its wind power electricity generation capacity in the United States but is shedding an Indian unit, which has been sold to Green Infra Limited of India. BP said Green Infra Limited purchased its subsidiary, BP Energy India Private Limited, for a total cash-free, debt-free enterprise value of about $95 million.

Suzlon Energy net falls on cracked blades, currency

2009-06-28T17:39:32Z

Suzlon lost sales last year after some blades supplied by the company cracked and customers in the U.S. canceled orders. The replacements for customers will be completed in mid-August, two months behind schedule, the company said today.

Suzlon slashes jobs at U.S. plant as orders fall

2009-06-11T12:22:03Z

Indian wind turbine maker Suzlon Energy Ltd (SUZL.BO) has decided to slash 160 jobs, or more than half of its workforce at a U.S. plant, following a drop in orders, a company spokesman said on Thursday. "There has been a slowdown. There's not enough work to keep all people busy," Vivek Kher said.

Suzlon drops Rs1,800 crore rights offer, Repower deal in trouble

2008-10-27T20:33:11Z

Suzlon Energy Ltd, India's biggest wind-turbine maker, suspended a rights offer announced a month ago to raise Rs1,800 crore to buy an additional stake in Repower Systems AG. In a separate announcement, Repower said in Frankfurt on Monday that it was in advanced negotiations with a syndicate of banks for loans to fund its growth. It said banks had demanded that Repower refrain from entering into a domination and profit transfer agreement with Suzlon, and that the two companies had decided to comply. ...Suzlon shares have dropped 88% this year.

Indian wind-turbine firm hits turbulence

2008-06-30T14:03:32Z

The grand U.S. ambitions of Indian wind-turbine manufacturer Suzlon Energy Ltd. are facing mounting problems. The Indian company -- the world's fifth-largest wind-turbine maker by sales -- earlier this year acknowledged that 65 giant blades on turbines it had sold in the U.S. Midwest were cracking because of the extreme gusts in the region. The company is reinforcing 1,251 blades, almost the total it has sold in the U.S. Now, other problems are emerging, in part because the company quickly ramped up U.S. sales to meet burgeoning demand for alternative energy. ...

Suzlon's chief resigns after 16 months at helm

2008-05-28T23:01:49Z

The chief executive officer of Suzlon Energy Ltd., the world's fifth-largest wind-turbine producer by sales, has resigned amid growing questions about the Indian company's fast-paced growth. Andre Horbach, a former senior executive for General Electric Co. in Europe, stepped down on Friday, 16 months after taking the job. ...Suzlon has benefited from a global shortfall of turbines from more-established producers like GE and Denmark's Vestas AS, the world's largest producer in terms of sales. ...But Suzlon is also facing headwinds. Blades on turbines that it has sold to power producers in the U.S. have begun cracking. The company says only 45 blades have been affected, but it plans to spend $30 million on repairs and to strengthen almost all the blades it has sold in the U.S. Suzlon's efforts to upgrade its technology have also run into problems.

Turbulence ahead: India windmill empire begins to show cracks

2008-04-18T14:48:35Z

In a filing with the U.S. Securities and Exchange Commission in February, Edison Mission Energy, a unit of Edison International, said the 144-foot-long windmill blades it recently bought from Suzlon have begun to split at three wind-power sites it operates in the Midwest. Suzlon has recalled 1,251 blades from its top-of-the-line turbines, which represent the majority of blades the company has sold to date in the U.S.. Its troubles don't end there. A year ago, the company bought a controlling stake in a large German turbine manufacturer, REpower Systems AG, in one of India's biggest overseas acquisitions. ...Now, Suzlon can't get its hands on the blueprints. Hamstrung by a German corporate law, Suzlon must offer to buy out minority shareholders before it can demand REpower's designs. It's unlikely that the company could make a tender offer until 2009, say people with knowledge of the companies. ...Mr. Kher blamed the cracks on the Midwest's unexpectedly violent changes in wind direction. Though Mr. Tanti says that only 45 blades have cracked, Suzlon says it will add an extra lamination layer to almost all of the blades it has shipped to the U.S. To repair cracked blades and reinforce the rest, the company expects to spend $30 million.

Suzlon to replace defective equipment worth $25 million

2008-03-03T06:47:01Z

In what implies a Rs.1 billion ($25 million) hit on its balance sheet for the current quarter, leading wind power equipment-maker Suzlon Energy will refit wind turbine blades for a project in the US, the company said Monday. â��The company will do a retrofit programme to resolve blade-cracking issues discovered during the operations of some of its S88 turbines in the US,â�� the company informed the Bombay Stock Exchange Monday.

Wind Turbine Makers Face `Challenge' on Equipment

2007-10-10T16:54:08Z

Wind turbine makers face a ``major challenge'' getting equipment due to surging demand and probably won't be able to cut delivery times for three years, said Suzlon Energy Ltd., India's biggest wind farm construction company. Lead times to supply wind turbines, which have reached at least 15 months, will take time to reduce as suppliers clear order backlogs and add an ``unprecedented'' amount of new capacity, Andre Horbach, Amsterdam-based chief executive officer at Suzlon, said today in Melbourne. Suzlon has a $3.5 billion order backlog, he said.

Research for the birds (and wind turbines)

2007-07-20T11:32:21Z

Yet when the National Planning Committee (NPC) approved plans for building a wind turbine farm directly on the path of the migration flyway, SPNI came out in strong opposition..."Of the 90,000 birds migrating over, the flight path of roughly 10,000 passed directly through the air space where the wind turbines are planned. Obviously these birds would have been in great danger of collision with the blades," says Alon. Weekly surveys were conducted during the winter, and daily migration surveys resumed on March 1st, 2005. "During the spring of 2005, bird observers counted another 200,000 plus birds, mostly White Storks of which a minimum of 15,000 crossed over the proposed turbine farm within the range of the blades.

China tells West to lead fight on warming

2007-06-05T11:22:56Z

BEIJING - China acknowledged Monday that it soon may become the world's biggest source of harmful greenhouse gases but said the United States and other advanced countries must take the lead in fighting global warming because they had been polluting heavily for longer.

Energy companies make wind power a top investment

2007-06-04T12:22:42Z

From Mitsubishi Heavy Industries to E.ON, the world's largest companies are investing in wind power, the best-performing energy in the past year. Led by Vestas Wind Systems and Iberdrola of Spain, utilities and governments in the United States, China and Europe will spend as much as $150 billion on wind projects in the next five years, according to CLSA Research. Lawmakers are providing financial incentives because windmills are non-polluting and cost less than solar projects. "Wind has the biggest potential to meet renewable energy targets over the next decade, compared with solar and biofuels," said Philippe de Weck, who started the Pictet Clean Energy fund last month for Pictet in Geneva.

Bush goes Green

2007-05-31T10:42:40Z

Either way, the politics of climate change are no longer the internal quarrels of the Western world alone. They have finally reached the global stage. Europe has now to choose between a pragmatic long-term policy that allows growing prosperity to develop and adopt cleaner industries or a continuation of short-sighted unilateralism that has failed to achieve its basic goals.

Japan's Mitsubishi Heavy receives order for 788 wind turbines from U.S. power companies

2007-05-30T16:29:54Z

TOKYO: Mitsubishi Heavy Industries Ltd. said Wednesday it has received orders for a total of 788 wind turbine power generation systems from five U.S. companies. The order included 166 wind turbines for Edison Mission Energy, 118 for Babcock & Brown Ltd., 197 for Airtricity Inc. and 180 for Eurus Energy America Corp. Another unnamed company ordered 127 units, the Japanese company said.

Global Warming: No Easy Fix

2007-03-04T12:25:36Z

Policymakers have settled on 'emissions trading' as their favorite global-warming fix. But it isn't working.

March 12, 2007 issue - Global warming isn't the only debate that may be over. Governments and policymakers around the world also seem to have settled on a solution. "A responsible approach to solving this crisis," Al Gore said recently at New York University's Law School, would be "to authorize the trading of emissions ... globally." Emissions trading, also called carbon trading, is being expanded in the European Union and Japan. And in many places where it's yet to take hold, like Sacramento, Sydney and Beijing, politicians are embracing it. Nicholas Stern, former chief economist of the World Bank and Europe's foremost political expert on global warming, predicts that the value of carbon credits in circulation, now about $28 billion, will climb to $40 billion by 2010.

This should be great news for the environment, but many experts have their doubts. The notion that emissions trading is going to make a significant dent in global warming is deeply flawed, they say. Current emissions-trading schemes have proved to be little more than a shell game, allowing polluters in the developed world to shift the burden of making cuts onto factories in the developing world.

Governments struggle to find policies that will spur renewable-energy industries — without coddling them

2007-02-12T13:59:42Z

Since the oil shocks of the 1970s, governments around the world have paid plenty of lip service to renewable energies such as wind and solar power. But only a few governments have been able to engineer policies that have begun to bring alternative energies into wider use. Renewable fuels provided 18% of the worldâ��s total electricity supply in 2004, according to figures from the International Energy Agency, a Paris-based intergovernmental organization. Almost all of that, though, came from hydropower, a source with limited growth potential because of geographic constraints. The use of wind and solar power is growing, but they still generated only 1% of global electricity production in 2004, the latest year for which figures are available.

Mitsubishi, GE to tie up on wind, nuclear power

2006-12-30T17:27:13Z

Japanâ��s Mitsubishi Heavy Industries plans to work with US conglomerate General Electric on nuclear and wind power generation ventures, a newspaper said on Saturday. Under the plan, the two firms will jointly bid for a $300-million project to boost capacity by 20 per cent at the 1.36-million-kilowatt Laguna Verde nuclear plant in Mexico, the Nihon Keizai Shimbun reported.