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Opening of New Dutch Wind Farm Puts Philips on Course to Becoming Carbon Neutral by 2020

Opening of New Dutch Wind Farm Puts Philips on Course to Becoming Carbon Neutral by 2020

Amsterdam, the Netherlands, May 16 (Korea Bizwire) – Following the opening of the Windpark Krammer in the southwest of the Netherlands in the presence of His Majesty King Willem-Alexander, Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, achieved another major milestone on the road to becoming carbon neutral by 2020. Under [...]

S. Korea to Increase Incentives for Wind Farms

S. Korea to Increase Incentives for Wind Farms

SEOUL, May 18 (Korea Bizwire) — South Korea will raise incentives for offshore wind farm operators and cut back subsidies on biomass producers to promote more eco-friendly energy sources, the energy ministry said Friday. The Ministry of Trade, Industry and Energy said it will adjust the incentive rates for renewable energy sources based on their [...]

DONG Energy and Global Infrastructure Partners to Form 50/50 Partnership to Build German Offshore Wind Farm Borkum Riffgrund 2

DONG Energy and Global Infrastructure Partners to Form 50/50 Partnership to Build German Offshore Wind Farm Borkum Riffgrund 2

New York, Aug. 7 (Korea Bizwire) — DONG Energy, one of Northern Europe’s leading energy groups, and Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, jointly announced today that Global Infrastructure Partners III (GIP III), a fund managed by GIP, has entered into an agreement to acquire a 50% stake in the Borkum [...]

Conditions for First Part of the Transaction Between Eolus and ewz Fulfilled

Conditions for First Part of the Transaction Between Eolus and ewz Fulfilled

HASSLEHOLM, Sweden, Jan. 20, 2015 (Korea Bizwire) — All conditions for the completion of the first part of the transaction that Eolus has signed with ewz regarding the sale of 29 wind turbines have been fulfilled and the buyer have taken over the wind farms Ramsnas, Alered and Mungserod. In conjunction with the takeover Eolus [...]