Power & Energy Solutions

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As corporate financial reporting season gets underway, Siemens AG said it has seen a big jump in orders over the past year, including a 48 percent increase in sales of renewable energy equipment such as wind turbines, which brought in €977 million.The report from the German electronics and engineering giant is yet another sign that a sustained global economic recovery was underway in the year that ended 30 September."We are coming out of the economic downturn with full momentum," said Siemens CEO Peter Löscher in a statement.Although Siemens continues to generate most of its sales from traditional business areas such as equipment for manufacturers and utilities, renewable energy - and the wind sector in particular -- has become one of the firm's fastest-growing divisions, helping it off-set heavy losses this year related to its overvaluing a laboratory diagnostics business it acquired.Major orders in the fourth quarter of 2010 included the sale of 72 of its 2.3 MW wind turbines for the Comber wind energy project in Ontario (Canada) and of 44 of its 2.3 MW wind turbines for the Kennan wind farm project in Oklahoma (US).During the same quarter Siemens also signed an inshore framework agreement with Samsung C&T.Going forward,

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Global wind turbine market, a rapidly growing market segment of global renewable energy, has recorded double digit annual growth in the past ten years and the market is expected to maintain this growth till 2015 by reinstalling and additions of new generation turbines as well as increasing the size and efficiency of the turbines. In 2009, total 38,343 megawatts (MW) of wind turbines were installed bringing the worldwide wind power capacity to around 158,000 MW.Browse market data tables and in-depth TOC on Global Wind Turbine Gearbox Market Outlook (2010-2015)Early buyers will receive 10% customization of reports.Gearbox being a major component of wind turbine also saw a similar growth witnessed by the overall wind industry.Rapid growth of the wind turbine gearbox market is expected to bring forth opportunities as well as challenges for the key players in the market. The world's leading rotor blade manufacturers for wind energy industry were found to closely monitor competitive activities in an attempt to navigate the landscape more efficiently and garner higher market share. In virtually every respect, these producers are seeking to establish a tangible competitive advantage in the marketplace through the implementation of innovative strategies and creative product development capabilities.Key Take Aways* Define

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XZERES Wind Corporation (XWND 0.00, 0.00, 0.00%) announced today the release of its new web-based analytical tool, called WindRx(TM). Designed to provide a comprehensive site assessment and financial review, WindRx(TM) is used to quickly assist potential customers with the purchasing decision of an XZERES wind turbine system. WindRx(TM) uses the best wind data available today combined with a custom financial analysis for a particular installation. The tool integrates wind resource data, energy production data based on specific site characteristics, government incentives (state and federal), and financing options to generate a detailed economic return profile for customers. It has the capability to perform "what if scenarios" that tailors to most customers' situations. WindRx(TM) will generate a report that shows key decision parameters such as out of pocket cost, payback period, and net savings over the life of the equipment. The report will also provide a detailed review of yearly cash flows, site specific information, monthly energy production of the wind turbine system, and return on investment (NPV, IRR).According to XZERES CEO, Frank Greco, "WindRx(TM) is a powerful tool, designed and developed for ease of use. We are pleased to introduce this exciting application that greatly enhances a customer's ability to

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Globeleq Generation Limited, the emerging markets power company, announced the Cerro de Hula (CdH) wind energy plant in Honduras has reached financial close and that formal notice to proceed with construction has been issued.Globeleq's majority owned subsidiary, Energias Renovables de Mesoamerica S.A. (known as Mesoamerica Energy) the owner, operator and leading developer of wind projects in Central America has been developing the 102 MW CdH wind energy project through its locally owned entity, Energia Eolicas de Honduras, S.A. (EEHSA). Once the project becomes operational, it is expected to generate 6 percent of the country's power.Globeleq's CEO, Mikael Karlsson noted the importance of having reached this significant milestone. "Cerro de Hula will be the first wind plant in Honduras and the largest wind plant in the Central American region. It is a cornerstone for Globeleq and Mesoamerica Power (its regional partner), in our strategy to develop the leading renewable energy company in Central America."EEHSA is working towards registration of CdH as a Clean Development Mechanism (CDM) project under the Kyoto Protocol. Karlsson added: "The CdH project reflects Globeleq's commitment to sustainable development and lower greenhouse gas emissions, contributing to economic growth, social progress and ensuring the project's environmental

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GE (NYSE: GE) today announced an order from Suncor Energy for 55 of GE's advanced 1.6-megawatt wind turbines for one of the largest wind power projects in the province of Alberta, Canada. The Wintering Hills project is part of a new "crop" of wind farms being built across Canada with the help of GE's technical expertise and highly reliable wind turbine technologies."Winning this deal with Suncor illustrates how our wind turbine power enhancement technologies are making a difference for our customers' return on investment," said Victor Abate, vice president-renewable energy for GE Power & Water. "Our proven track record in handling the most robust wind locations remains a key factor in our success."GE's 1.6-megawatt wind turbine makes use of a range of product features-including 82.5-meter blades-to maximize power output while providing superior control flexibility and increased reliability with decreased maintenance requirements. The technology builds on GE's proven experience of its 1.5-megawatt turbine, the workhorse of the global wind energy industry with more than 14,000 units installed.At peak operation, the Wintering Hills wind farm is expected to generate enough clean electricity to power approximately 35,000 Canadian homes.The 88-megawatt Wintering Hills project is located near Drumheller, approximately 125 km (78 miles) northeast

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Broadwind Energy, Inc. (BWEN 1.93, -0.06, -3.02%) reported revenue of $38.2 million for the third quarter of 2010, up 4% from the second quarter of 2010. Versus the third quarter of 2009, revenues declined 36% from $59.5 million primarily due to lower tower production, reduced deployment of service technicians and lower hauling activity linked to the overall decline in the U.S. wind industry. According to the American Wind Energy Association, capacity additions during the third quarter of 2010 totaled 395 megawatts, 75% below the comparable 2009 period.The net loss for the third quarter was $8.3 million or $0.08 per share, versus a $4.9 million loss ($0.05 per share) in the third quarter of 2009. The increased loss reflected the impact of lower revenues partially offset by the beneficial impact of an 11% reduction in selling, general and administrative expenses due to cost-containment efforts in the weak environment.Broadwind CEO J. Cameron Drecoll stated, "During the third quarter, we continued to improve our financial results quarter-over-quarter. With projected Q4 revenues approaching $50 million, we will end the year with strong results and an improved cash position. More importantly, we will enter 2011 with excellent capacity utilization in our operational tower plants,

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Wind energy projects developer Edison Mission Group (EMG), a subsidiary of Edison International (NYSE: EIX | PowerRating), stated on Wednesday that its subsidiary Edison Mission Energy (EME) has started construction of its tenth wind project in Minnesota.The 30-megawatt Community Wind North project represents a total investment of USD58m and is scheduled for completion by mid-2011. The project will be powered by 12 2.5-megawatt Clipper turbines producing enough power to meet the energy needs of about 10,000 homes.Under a 20-year power purchase agreement, all of the electricity produced from the project will be sold to Northern States Power Company, part of Xcel Energy (NYSE:XEL).Comments on this story may be sent to info@m2.comFor full details on Edison International (EIX) EIX. Edison International (EIX) has Short Term PowerRatings at TradingMarkets. Details on Edison International (EIX) Short Term PowerRatings is available at This Link. 

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Tentec, a leading supplier of bolt tightening solutions for the wind turbine industry is pleased to announce that it has received vendor approval for its range of bolt tensioning equipment from Acciona, the world leader in renewable energy. This homologation means that Acciona companies throughout the world can purchase Tentec's innovative Aero range of bolt tensioning tools for installation and maintenance of wind turbines."We are delighted to have received vendor approval from such a well-known and prestigious company." says Mike Gethings, Managing Director at Tentec. "Since the launch of the Aero range in 2008, we have worked with closely with Acciona's engineering department and their onsite engineers to ensure that the tools are in line with their stringent requirements. All this hard work has now been officially recognised and we are looking forward to consolidating our relationship and supplying Acciona companies throughout the world."The Aero range comprises bolt tensioning tools suitable for a complete wind turbine bolting installation or maintenance programme. By listening to customer requirements these feature rich, powerful bolt tensioning tools are packed full of operator requested features including quick release swivel fittings, automatic piston reset and intuitive operation. The products are manufactured from aircraft quality high-strength tensile

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Edison Mission Group (EMG), a subsidiary of Edison International (EIX 37.15, -0.03, -0.08%) , announced today that its subsidiary Edison Mission Energy (EME) has begun construction of its 10th wind project in Minnesota, the 30-megawatt Community Wind North project in the southwestern part of the state.All of the electricity produced by the project will be sold under a 20-year power purchase agreement to Xcel Energy's Northern States Power Company. The project is scheduled for completion by mid-2011.The project was jointly developed by Southwest Wind Consulting LLC, the Community Energy Developers Board and Lincoln County Enterprise Development, and received a grant from the U.S. Department of Agriculture (USDA). The contract with Northern States Power Company was approved by the Minnesota Public Utilities Commission."We developed one of our first wind energy projects in Minnesota over 10 years ago and are pleased to once again partner with local investors to expand our wind portfolio in the region where we entered the renewable business," said Ron Litzinger, chief executive officer of EMG."Rural communities have a significant opportunity to generate income and preserve the environment by producing renewable energy that can be used by other consumers," said Colleen Landkamer, USDA Rural Development state director. "We

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The Canadian Wind Energy Association (CanWEA) recognized organizations and individuals who have worked to advance the Canadian wind energy industry during its gala Awards Banquet yesterday as part of its 26th annual Conference and Exhibition.Awards were presented in four categories: Individual Leadership, Group Leadership, the R.J. Templin Award for scientific, technical, engineering work and the Friend of Wind award.CanWEA award winners for 2010 are:Individual Leadership Award: John and Ross KeatingJohn Keating is the former CEO of Canadian Hydro Developers, Inc., a company he co-founded in 1989 with his brother Ross Keating, who for many years was the President and Chief Operating Officer. Canadian Hydro was solely focused on low-impact electric power generation in Canada. At the time it was acquired by TransAlta Corporation in October 2009, with assets valued at $1.64 billion, Canadian Hydro was Canada's largest and most successful pure-play renewable energy developer.Group Leadership Award: The Wind Energy TechnoCentreThe Wind Energy TechnoCentre is a not-for-profit organisation whose mission is to contribute to the development of an industrial wind energy network in Québec, able to compete on North American and world stages, while positioning the Gaspé Peninsula and Magdalen Islands as being central to this emerging niche of Québec's economy.

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