in News Departments > New & Noteworthy
print the content item

Energias de Portugal SA (EDP) has signed an agreement to acquire 100% of the share capital of Horizon Wind Energy LLC, a wind farm developer and owner, from The Goldman Sachs Group Inc. for $2.15 billion. According to EDP, the acquisition is a natural fit with the company's strategy because it would enhance its renewable energy portfolio and provide entry into the U.S. market.

The transaction is subject to customary closing conditions, including certain federal and state regulatory approvals and clearance, the companies add. However, it is targeted to close by the end of the second quarter 2007.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

BG 2015DblBox_id2032
Renewable NRG_id1934
Hybrid Energy Innovations 2015