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 [...]
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 [...]
SEJONG, Dec. 14 (Korea Bizwire) – South Korea’s state-controlled electric utility company on Monday said it has inked a deal to build and operate a wind power plant in Jordan. The US$510 million agreement calls for Korea Electric Power Corp. (KEPCO) to build the 89.1 megawatt Fujeij wind farm in the Middle Eastern country. The [...]
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 [...]