Energen signs stock purchase to sell Alagasco to The Laclede Group; Calpine agrees to sell six power plants to LS Power; Exelon agrees to buy Pepco Holdings Inc.; GE offers to acquire power and grid businesses from Alstom.
Juhl Energy, through its Juhl Renewable Assets (JRAI) division, reached a definitive agreement to acquire two operating wind farms located in North Central Iowa near the towns of Manley and Kensett. The projects utilize GE XLE 1.62 MW wind turbines and total 3.24 MW.
GE submitted a binding offer to acquire the thermal, renewables (power) and grid businesses of Alstom consisting of $13.5 billion enterprise value and $3.4 billion of net cash, totaling $16.9 billion. The Alstom board of directors has positively received GE’s offer and has appointed a committee of independent directors led by Jean-Martin Folz to review the transaction.
GE Energy Consulting and the New York Power Authority agree to a license arrangement allowing NYPA to use GE’s MAPS software to perform high-fidelity nodal analysis; NRG acquires Roof Diagnostics Solar, a residential solar company; GE unveils 2.75-120 wind turbine; AEP awards Babcock & Wilcox a contract to provide steam generator services.
GE unveiled its 2.75-120 wind turbine, part of GE's brilliant wind platform. The 2.75-120 that provides 5 percent more annual energy production than GE's 2.5-120 model and is available with various tower technologies, ranging between 85-139 meters, and optional energy storage. The new turbine is available on a steel, hybrid or space frame tower. The range of tower height spans 85-139 meters tall.
GE signed a nearly $700 million contract with Saudi Electricity Company (SEC) to bring additional F-class combined-cycle gas turbines, and associated equipment and services, to the Kingdom of Saudi Arabia. GE’s technology will support SEC’s large, combined-cycle power plants to generate more than 3.8 GW of power and will provide fuel savings and lower emissions. GE’s technology previously has been chosen for SEC’s PP9, PP10, PP11 and PP12 power plants.