Wind Energy News
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Prices for wind energy in Brazil, currently the lowest in the world, may rise at least 15 percent due to government policies designed to make the nation’s power grid more reliable.
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Turkey’s biggest wind farm, financed with a 135 million-euro ($175 million) loan arranged by the European Bank for Reconstruction and Development, started producing power as the nation seeks to curb fossil-fuel imports.
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Brazil, the second-biggest producer of hydroelectricity, is seeking to increase the use of fossil fuels after the worst drought in 50 years depleted reservoirs, underscoring a limit to renewable energy.
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General Electric Co., the biggest U.S. supplier of wind turbines, expects domestic installations to double next year after the renewal of a tax credit boosts demand.
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A unit of Warren Buffett’s MidAmerican Energy Holdings Co. plans to invest $1.9 billion to build additional wind farms in Iowa that would increase its wind generating capacity in the state by about half.
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The U.S. wind-power industry is expecting a tough battle in Congress as it seeks another extension of a federal tax credit that received a one-year renewal at the last minute in January.
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Alstom SA, the world’s third-largest power-equipment maker, cut its profitability forecast after earnings missed analyst estimates amid reduced spending by clients. The stock dropped the most in more than four years.
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Denham Capital Management LP, a $7.3 billion U.S. private equity fund focused on mining and energy, has invested $75 million in wind power in Australia, where generation from windmills has become cheaper than coal.
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Europe’s program to halt climate change is in disarray, with lawmakers in the region expressing concern the drift is undermining the planet’s most significant effort to combat global warming.
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General Electric Co., the U.S. power- equipment supplier, will sell 1.8 billion reais ($895.3 million) of turbines to Bioenergy Geradora de Energia Ltda., a Brazilian company seeking to develop the world’s cheapest wind energy.
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