Wind Power News

Monday, February 6, 2012

Chinese court dismisses one of AMSC vs. Sinovel cases
Devens-based AMSC will see one its cases against former partner Sinovel Wind Group Co. Ltd. decided in arbitration, as a Chinese court has thrown out its civil complaint.

Thursday, February 2, 2012

Wing Power Energy's wind turbines fueled by funding
Wing Power Energy Inc., a Salem maker of vertical platform small wind/solar hybrid turbines urban areas or low wind conditions, raised just over $600,000 in an equity funding round, CEO Harry Ruda said.

Thursday, January 19, 2012

First Wind gets OK for Maine wind project
Energy company First Wind has landed approval from the Maine Department of Environmental Protection for its proposed 150 megawatt Oakfield Wind project in Aroostook County, Maine, where it could create 300 local construction jobs.

Friday, December 30, 2011

Mass Megawatts sells first wind-powered prairie pump system
Colorado is turning out to be a good market for Mass Megawatts Wind Power Inc. which reported the delivery of its first wind-powered water pump system in that state, following a report this spring of a sale to a Denver roofing company of wind power systems.

Wednesday, December 28, 2011

Court upholds Cape Wind, National Grid deal
The Massachusetts Supreme Judicial Court upheld a power purchase agreement between Cape Wind and National Grid in a decision released Wednesday, siding with the state Department of Public Utilities.

Monday, December 19, 2011

First Wind powers Wash. wind project with $210M funding
Boston-based wind energy company First Wind Holdings Inc. has taken in a $210 million funding to support its subsidiary, Palouse Wind LLC, in building its 105 MW Palouse Wind project in Whitman County, Washington.

Tuesday, November 29, 2011

AMSC cuts 20 percent of workforce
AMSC continues to hit setbacks with today's announcement that it has cut 20 percent of its staff in an attempt to move the Devens-based wind technology firm toward profitability.

Monday, October 31, 2011

AMSC shuts off The Switch purchase
The blows keep landing on Devens-based AMSC, the latest being that the company has called off its planned $265 million purchase of Finnish company The Switch Engineering Oy, saying it couldn’t raise the money in this tough economy.

Friday, October 28, 2011

Appeals court rejects Cape Wind approval
A federal appeals court today overturned the Federal Aviation Administration‘s approval of the Cape Wind project, ordering the agency to reconsider whether 130 440-foot-tall turbines in Nantucket Sound would put air travelers in jeopardy.

Thursday, October 13, 2011

Sinovel files counterclaim against AMSC
Chinese wind turbine maker Sinovel Technology Co. Ltd., which is the target of legal actions by Devens-based American Superconductor Corp., has filed a counter claim against AMSC, charging breach of contract.

Monday, October 10, 2011

Deepwater Wind outlines 200-turbine RI project
Ocean energy developer Deepwater Wind of Providence, R.I., has made a formal proposal to the federal officials in its bid to lease sections of the ocean off Rhode Island and Massachusetts for what would be the world’s largest wind farm, with up to 200 turbines.

Tuesday, October 4, 2011

AMSC lead investor Douglas snaps up 938,000 shares
At the end of a week when American Superconductor Corp. reported annual and quarterly losses enroute to what it says will be a "better AMSC," the company's largest investor Kevin Douglas bought up almost a million shares.

Monday, September 26, 2011

DOE backs Northern New Hampshire wind project
The U.S. Department of Energy has signed off on a partial guarantee for a $168.9 million loan that will support a 99 megawatt wind generation project in New Hampshire’s Coos County.

Thursday, September 15, 2011

Corporate spying case leads AMSC to file charges against Sinovel
American Superconductor Corp. is filing both criminal charges and civil complaints against its one-time largest customer, China’s Sinovel Wind Group Co. Ltd. over alleged theft of AMSC’s intellectual property about its wind turbines, stemming from a corporate espionage case.

Friday, September 9, 2011

New England wind tech projects draw DOE funds
A Massachusetts company and a pair of Maine projects received a share of $43 million in U.S. Department of Energy funds targeted at accelerating the development of offshore wind technologies and removing barriers to such wind projects.

Wednesday, September 7, 2011

Cape Wind wins a round, but heads to the SJC
A bid to target the proposed Cape Wind project through a ballot initiative that would have restructured elements of the Massachusetts Green Communities Act was rejected by Attorney General Martha Coakley today.

Tuesday, September 6, 2011

General Compression squeezes $6M more from backers
Newton energy storage firm General Compression Inc. has bumped its Series B round from an already impressive $54.5 million to a clean $60 million, federal documents show.

Thursday, September 1, 2011

Wind Power Holdings takes in $10M financing
Wind Power Holdings Inc., a wind turbine development company in Barre, Vt., has raised $10.1 million in a finance offering combining equity, options and units of stock and warrants.

Friday, August 19, 2011

Neptune Wind sites wind farm off the Mass., R.I. border
Winchester startup Neptune Wind LLC has made its plans for an offshore wind farm more clear, after announcing Thursday its intention to develop, construct and operate a 500 megawatt offshore wind farm about 20 miles south of the Massachusetts border with Rhode Island.

Wednesday, August 10, 2011

MassDevelopment’s $3M bond powers Scituate wind project
MassDevelopment has issued a $3 million Qualified Energy Conservation Bond for Scituate Wind LLC to build a 1.5 megawatt wind turbine on leased town property that will support Scituate's wastewater treatment plant.