in News Departments > FYI
print the content item

AAER Inc., a Bromont, Quebec-headquartered wind turbine manufacturer, has entered into a memorandum of understanding (MOU) with French energy producer Valorem SAS in order to establish the conditions of a joint venture for marketing AAER's 2 MW wind turbine in France.

According to the companies, the mission of this new entity will be to procure and maintain 2 MW wind turbines. Under the MOU, Valorem would be entitled to benefit from prices and schedules for the supply of turbines to its projects. Supply would be subject to the terms of a framework agreement within the joint venture.

Final documentation pertaining to the creation of the joint venture should be completed prior to Jan. 31, 2008, but remains subject to due diligence by Valorem of AAER’s license and to AAER's obtaining a certification for its A-2000 technology, the companies add.



Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995