renewables

GE Energy Makes $3.2 Billion Acquisition

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GE Energy is acquiring 90% of Converteam, a leading provider of electrification and automation equipment and systems, for approximately $3.2 billion from a controlling shareholder group that includes management, Barclays Private Equity, and LBO France. The transaction, which is expected to close during third quarter 2011, will significantly expand GE’s offering in rapid growth sectors … Read more

Wind Delivers Close to 10% of Britain’s Electricity

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Production of electricity from wind reached a historical record on the 6th of September this year, with around 10% of all electricity delivered to consumers generated by the UK’s wind farms, according to data from the National Grid. At the peak time of 8.30 pm on Monday 6th September, 1860MW was being generated – largely … Read more