California grows wind energy market and reaps the benefits, encouraging 20,000 dealmakers to head to Anaheim in 10 days

First Wind, Algonquin and Emera Announce Partnership Involving First Wind's Northeast Projects 

Boston, MA, Oakville, ON and Halifax, NS, May 2, 2011 - First Wind Holdings, LLC (First Wind),  (TSX - AQN): Algonquin Power and Utilities Corp. (Algonquin) and (TSX - EMA) Emera Inc. (Emera) announced on April 30 that they have entered into an agreement to jointly  construct, own and operate wind energy projects in the Northeast U.S. 

First Wind has a 370 Megawatt (MW) portfolio of wind energy projects in the Northeast U.S. including five operating projects and two projects near operation.  These assets will become part of an operating company of which First Wind will own 51%. Emera and Algonquin are entering into a separate joint venture (Northeast Wind), which will own 49% of the operating company. Emera will initially own 75% of Northeast Wind and Algonquin will own the balance. Northeast Wind will invest a total of $333 million to acquire the 49% ownership of the operating company. This includes a $150 million loan to the operating company. The loan will be repaid within 5 years, or convert to equity in future projects. 

Eneco Announces Location of Offshore Wind Park

Thursday 17th February 2011 - The location for a proposed offshore wind park off the Dorset and Hampshire coasts and to the west of the Isle of Wight, which will provide enough renewable power for between 615,000 and 820,000 homes, has been announced by Eneco, developers of the project.

In January 2010, The Crown Estate awarded Eneco a 279 square mile area of the seabed to explore the most suitable place to locate a wind park with an approximate capacity of at least 900MW. Over the past year, Eneco has been appraising the area and has concluded that a project of between 900MW and 1200MW of capacity could be located in the northern part of the awarded area, a site which covers 76 square miles.

National Energy Services Company, Inc. Acquires Licensing Rights for Green Building Panel Manufacturing in Central and South America

Tuesday March 16, 2010, 9:43 am

LA QUINTA, Calif.--(BUSINESS WIRE)--National Energy Services Co. (OTCBB: NEGS) acquired the rights to manufacture and sell/install a patent pending building panel in Central and South America. These structurally insulated panels are one of the most well suited products for use in component building systems in Central America where the moisture, winds and weather play an important role in dictating the type of building material to be used. We expect to do other expansion of our subsidiary's product line in the region making this acquisition a potential for a one source solution to building and electrical needs.