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‘Milestone’ fuel cell deal signed to the tune of $500 million

One of the largest deals in the stationary fuel cell industry ever signed, United States-based fuel cell company ClearEdge Power and Austrian low-carbon utility Güssing Renewable Energy G.m.b.H., entered a $500-million, nine-year agreement to deliver 50 megawatts’ worth of energy derived from fuel cells by 2020.

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Sempra and BP Wind invest $1 billion in two U.S. wind farms

Sempra US Gas & Power and BP Wind Energy agreed to jointly invest more than $1 billion to develop the Mehoopany Wind Farm in Pennsylvania and the Flat Ridge 2 Wind Farm in Kansas. The wind farms, to be operated by BP, will start working by the end of the year with a combined output of 560 megawatts. The two farms are both to be the largest ever built in their respective states, according to a statement.

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CPV completes financing for Cimarron wind energy project in Kansas

CPV Renewable Energy Co., a subsidiary of Maryland-based Competitive Power Ventures Inc., LLC, has closed financing for the construction of its 165.6-megawatts Cimarron wind energy project in Gray County, Kansas, made up of 72 2.3-MW Siemens wind turbines.

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MidAmerican Energy to develop three wind projects in Iowa

Investor Warren Buffett’s Des Moines-based MidAmerican Energy Co. will be developing three new wind projects in Iowa with total output of 404.8 megawatts. These projects are the 103.5-MW Vienna wind project in the Marshall and Tama counties, which the company bought from RPM Access L.L.C.; the 101.2-MW Morning Light wind project in Adair County; and the 200.1-MW Eclipse wind project in Guthrie and Audubon counties, which the company bought from Clipper Windpower.

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ABB wins $50 million order to improve Texas lines for wind power

Swiss power and automation technologies group ABB got a $50 million order from Electric Transmission Texas L.L.C. to provide electrical equipment for strengthening the transmission company’s power grid and thereby ease the integration of wind power.

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Smart meters for water utilities valued at $29.9 million by 2017

Increased use of “smart” meters, this time for the water utilities, will lead to $29.9 million in sales by 2017 compared with $10.3 million in 2011, a study from market analyst Pike Research showed.

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Cliffs Natural Resources sells Renewafuel

Mining company Cliffs Natural Resources Inc. has reached an agreement for the asset sale of its previously discontinued “Renewafuel” biomass facility in Michigan, to RNFL Acquisition L.L.C., an acquisition entity by an investor group which includes Renewafuel’s minority partners. The Renewafuel brand will also be transferred to RNFL Acquisition. The terms of the transaction were not disclosed.

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Power conversion company Satcon to close plants, reduce workforce

Coping with the difficulties in the solar industry, Boston-based power conversion solutions provider Satcon Technology Corporation laid out a set of cost reduction measures to improve its financial performance in the long term.

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Former Xcel Energy chief now BrightSource board chairman

California concentrating solar power giant BrightSource Energy, Inc. appointed former Xcel Energy chief executive Richard Kelly as its new board chairman to take over the position held by John Bryson, who was appointed as the new United States commerce secretary by President Barack Obama.

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North American Suzlon faces lawsuit for breach of contract

A breach of contract lawsuit was filed against Suzlon Wind Energy Corp., the North American arm of Suzlon, by wind turbine tower maker Trinity Structural Towers, Inc., a subsidiary of NYSE-listed Trinity Industries, Inc. The lawsuit was filed in the District Court of Dallas County by Trinity Structural Towers, who said Suzlon Wind Energy failed to comply with its purchasing obligations for the former’s structural towers as indicated in a 2008 supply agreement.

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