Power & Energy Solutions

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(Reuters) - China's second-largest wind turbine maker, Xinjiang Goldwind Science & Technology Co Ltd, plans to raise up to $1.2 billion in a Hong Kong initial public offering, sources close to the deal said.The offering will test the appetite for renewable energy firms in a market heavy with property and financial companies. The Hong Kong stock exchange said earlier this year it would mine mainland Chinese and international markets to keep its listing momentum.Goldwind's attempt at a Hong Kong IPO could mark the largest offering by a Chinese wind company since the $2.2 billion listing in December of the nation's biggest wind-power producer, China Longyuan Power Group Corp <0916."Goldwind's IPO is set to test the market's appetite for renewable plays," said Jackson Wong, investment manager at Tanrich Securities."Its success could signal more IPOs of its kind in the next few months, though unstable markets are still a concern."Hong Kong's Hang Seng Index .HSI has lost more than 6 percent since the start of May in volatile trading, with investors cautious because of the European debt crisis.Earlier this month, Russia's Strikeforce Mining & Resources, China Tian Yuan Mining Ltd and Swire Pacific's (0019.HK) property arm shelved their IPO plans in Hong

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Following the release by the European Commission of its analysis of options to move beyond 20% greenhouse gas emission reductions, the European Wind Energy Association (EWEA) today issued a briefing to MEPs, Commission and Member State officials that "urges Council and European Parliament to agree 30% domestic greenhouse gas reductions, in order to maintain Europe's technological and industrial leadership in renewable energy technologies." The EWEA briefing tells EU decision-makers it is "disappointed that the Communication falls short of recommending an immediate unilateral EU move to a 30% reduction," and that "for Europe to keep its first mover advantage, the EU needs to maintain its momentum in support of its most promising industries. A unilateral move to 30% GHG domestic reductions would maintain such a momentum." It states that "the EU has been the cradle of renewable energy innovation, particularly wind power, and the European wind industry represents a growing number of jobs (192,000), significant and growing export opportunities, as well as increased energy security and competitiveness." The EWEA briefing paper points out that "the benefits of moving to 30% outweigh the costs." It adds: "the Commission Communication highlights that the cost of reaching 20% GHG reductions has reduced

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Dr Klaus Rave was unanimously elected new GWEC Chairman at yesterday's Board meeting in Dallas for a two year term. Dr Rave follows Arthouros Zervos, who had been Chairman since the association was established in 2006. Dr Rave is one of the leading wind power experts in Europe. As Managing Director of the Investitionsbank Schleswig-Holstein, he has been involved in financing wind power projects since 1991, and he has been a strong supporter of wind energy since its early days. He also served as President of the European Wind Energy Association (EWEA) from 1999 to 2002, and is currently EWEA's Vice President."Klaus has been a valued ally and friend to me for many years, and I could not wish for a more suitable successor to lead GWEC at a time in which the sector is facing numerous challenges," said Prof. Arthouros Zervos, the outgoing GWEC Chairman. "I wish him all the best in this important role." "I am excited to take on this responsible position and to lead GWEC's valuable work in promoting wind energy globally," said Dr Rave. "I thank the Board for their trust and support, and look forward to working with these leading wind power professionals to

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SGS appointed Dr. Pavel Novak as the new manager of the Wind Energy Technology Center (WETC) in Tianjin, China. Pavel took over responsibility for the operation of WETC and staff training. ---SGS, the world's leading inspection, verification, testing and certification company, appointed Dr. Pavel Novak as the new manager of the Wind Energy Technology Center in Tianjin, China on March 15, 2010. Pavel will focus on business development of the test center, extending business contacts in China and worldwide as well as staff training. Furthermore, with his technical expertise, he will also take over the responsibility for procurement of equipment, build-up and commissioning of the test center.Dr. Pavel Novak received his diploma in Aeronautical Engineering and his PhD from the Technical University of Berlin. He wrote his PhD thesis on the structural optimization of thick-walled hybrid composite structures.With a career that began at the Federal Institute for Materials Research and Testing in Berlin, Germany, Dr. Pavel Novak gained experience in scientific steering of national and international research projects and in coordination of activities in the test laboratory. His research focused on numerical and experimental investigation of composite's structural behavior and on development of appropriate Non-Destructive Testing.In 2007, he joined Magna

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Founded in 1969, Dynabrade® has earned a reputation and position of continued leadership in the innovative design and manufacturing of unique portable abrasive power tools serving all major industries. Thanks to continuous research and development, Dynabrade® produces reliable, long-lasting and ergonomic tools, that are available through distribution networks worldwide.To meet the needs in the expanding Wind Energy market (predicted to grow by 155% over the next two years!), Dynabrade® has designed a series of top-quality pneumatic tools that are used in applications such as cutting, grinding, deburring, filing, sanding and polishing of materials like metal, wood, plastic, rubber, stone, glass, fibreglass and composites.Together with our customers, we define the best solutions for their production processes, achieving perfect results in conceiving tools that improve the manufacturing process of Wind Turbine Molds, Towers, Blades, Nacelles and more!For this key global market Dynabrade® introduces an exciting brochure (D10.01) including specific Dynabrade® models, actual in-plant photos and targeted wind energy applications. This brochure is designed to be a vital sales aid in addressing a market of unlimited potential!Do not hesitate to order our new brochure Dynabrade Tools for The Wind Energy Market (D10.01) by contacting us on sales@dynabrade.lu or by visiting our website www.dynabrade.com.

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German manufacturer Beckmann Volmer said Thursday it plans to build a $10 million plant in Osceola to produce steel components for wind turbines that will employ up to 500 people.The company said it will initially hire 300 people to work at the plant, and will later spend an additional $7.5 million more to expand and hire another 200 workers. The factory will pay an average wage of $18 per hour.The turbine parts will be used about 60 miles away at a turbine manufacturing plant being built by Nordex USA Inc., a factory that is to have 100 workers by the end of 2010 and 240 workers when it reaches full production in 2012. Ultimately, the plant could have 700 workers.The state offered an incentive package to Beckmann Volmer that included $1.5 million from the Governor's Quick Action Closing Fund and $2.5 million from a community development block grant. The company will get a cash rebate equal to 5 percent of payroll for 10 years and an abatement of state corporate taxes for 14 1/2 years.The state also is to provide training assistance and a refund

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NaiKun Wind Energy Group Inc.announced today that its Board of Directors (the "Board") has initiated a process to retain an advisory firm to assist the Company in undertaking a review of the strategic alternatives available to ensure maximum shareholder value.Since the recent announcement by BC Hydro that NaiKun Wind's 396 MW offshore wind energy project was no longer under consideration in the Clean Power Call, the Board has been evaluating the potential for the project and the offshore wind industry in the context of renewable energy development in British Columbia. While the timing and specifics of BC Hydro's near term procurement plans are uncertain in advance of the release of the Integrated Resource Plan that is required under the new Clean Energy Act, the Company believes that its project located in the Haida Energy Field off the east coast of Haida Gwaii can play an important role in BC's future energy solutions.The strategic review will encompass a careful assessment of alternatives including continuing to advance the offshore wind energy project as the Company's primary project, potential business combination or joint venture opportunities in the renewable energy sector, the sale of the Company's interests, among others. It is anticipated that the

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MAG recently formed a new Renewable Energy business unit providing automation solutions for solar panel and wind turbine manufacturing. The company announces over 20 million Euro in recent industry orders. More than 30 solar-panel production systems were delivered in the last five years.MAG is powering up on green energy, announcing the formation of a new Renewable Energy business unit to design and build automated manufacturing systems for solar panels and wind turbine components. The new business's operations are based in Schaffhausen, Switzerland, and Hebron, Kentucky, and are headed by Dr. Siegfried Schmalzried in Europe/Asia and Joe Jones in the Americas. According to Schmalzried, the renewable energy business is off to a strong start. "In recent months, we have secured more than 20 million in contracts, which represents an approximate 30 percent share of our targeted market," he stated."While our business unit is new, MAG itself is already firmly established in the renewable energy sector, having quietly built a worldwide leadership position in automated manufacturing systems for solar panels, Schmalzried added. "MAG has supplied more than 30 automated production lines for solar panels in all regions of the world in the last five years, and our systems have reduced manufacturing costs

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ZhongHang Huiteng Windpower Equipment Co, China's largest maker of wind turbine blades, has targeted growth abroad, primarily in the United States, as it positions itself for a planned IPO in Shanghai, a top executive told Reuters.The Baoding-based manufacturer, which recorded about 3 billion yuan in revenue yearly ($439 million), aims to list shares on the Shanghai bourse, said Yih-Min Jan general manager at Tang Energy, a Dallas-based project developer which owns 25 percent of the wind company."We're looking at helping the company build its business in the U.S. and develop its network in the North American markets," Jan told Reuters, adding that the listing could help boost the company's profile.The company has yet to decide on the schedule and size of the planned listing, though the planned share sale could happen in the next two years. Jan said. Analysts have predicted that the company could aim for a $500 million listing.Strong government policies supporting wind energy development have made the United States the world's biggest market for wind energy.The United States has installed the most wind power in the last two years, though wind represents just over 2 percent of total installed power capacity.The United States has set a goal

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Broadwind Energy, Inc. today announced the appointment of David P. Reiland as Chairman of its Board of Directors. Mr. Reiland, 56, has served as a member of the Company's Board of Directors since April of 2008.Mr. Reiland joined Magnetek in 1986 and served as Chief Executive Officer and President of Magnetek from 2006 to 2008, and continues to serve on its Board of Directors. Magnetek develops, manufactures and markets power and motion control systems, including systems that deliver power from renewable energy sources, including wind turbines, to the utility grid. Mr. Reiland currently chairs Broadwind's Finance Committee and serves on the Audit and Executive Committees.Broadwind CEO J. Cameron Drecoll stated, "We are delighted to announce Dave's appointment as Chairman of the Board. He has played a key role since joining the Board two years ago, and has been instrumental in helping the Company navigate through the economic downturn and position itself for the recovering markets. Broadwind will further benefit from Dave's financial acumen, manufacturing experience and wind energy knowledge."Mr. Reiland succeeds James M. Lindstrom as the Chairman of the Board of Directors. Mr. Lindstrom is an employee of Tontine Associates, LLC, an investment firm based in Greenwich, Connecticut that is

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