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GE poised for significant power orders in Iraq after U.S. push -sources

3 days ago DieselGasoil Comments Off on GE poised for significant power orders in Iraq after U.S. push -sources
NEW YORK/BAGHDAD/WASHINGTON (Reuters) – General Electric Co potentially stands to win a large share of multibillion-dollar contracts to rebuild Iraq’s electricity system, reflecting a change in how Iraq intends to award the work after the United States lobbied for GE, according to sources familiar with the matter. FILE PHOTO: The General Electric logo is pictured Read More

Vestas secures largest order to date in Ukraine with the country’s first V150-4.2 MW turbines

5 days ago DieselGasoil Comments Off on Vestas secures largest order to date in Ukraine with the country’s first V150-4.2 MW turbines
News release fromVestas Northern and Central EuropeHamburg, 12 June 2019 Long-term customer Vindkraft has placed an order with Vestas for the 164 MW wind project Myrnenska, located in the Kherson region in southern Ukraine. The contract includes supply, installation and commissioning of 39 V150-4.2 MW wind turbines, as well as a 20-year Active Output Management Read More

Weapon of choice? China rare earth prices soar on their potential role in trade war

2 weeks ago DieselGasoil Comments Off on Weapon of choice? China rare earth prices soar on their potential role in trade war
BEIJING (Reuters) – Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals in its trade war with Washington. Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, Read More

Vestas and RUSNANO to explore further opportunities to increase footprint in Russia and re-enforce leading market position

2 weeks ago DieselGasoil Comments Off on Vestas and RUSNANO to explore further opportunities to increase footprint in Russia and re-enforce leading market position
News release fromVestas Northern and Central EuropeHamburg, 05 June 2019 Vestas and RUSNANO today signed a Memorandum of Understanding (MoU) regarding localisation of equipment for the Russian sustainable energy market, including supply chain optimisation, local manufacturing of wind turbine components and Vestas considering the possibility of using technology developed by RUSNANO portfolio companies. The MoU Read More

Innogy eyes partnerships in potential U.S. offshore wind push

2 weeks ago DieselGasoil Comments Off on Innogy eyes partnerships in potential U.S. offshore wind push
ESSEN, Germany (Reuters) – Energy firm Innogy, in the process of being broken up by parent RWE and rival E.ON, could team up with oil majors to build offshore wind farms in the booming U.S. market, one of its board members said. Projects off the U.S. coast have become a major target for utilities in Read More

Explainer: U.S. dependence on China’s rare earth – Trade war vulnerability

2 weeks ago DieselGasoil Comments Off on Explainer: U.S. dependence on China’s rare earth – Trade war vulnerability
(Reuters) – Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage Read More

Vestas to deliver EPC solution for wind project in South Africa

2 weeks ago DieselGasoil Comments Off on Vestas to deliver EPC solution for wind project in South Africa
News release fromVestas Northern and Central EuropeHamburg, 3 June 2019 Leveraging its extensive project management experience and product expertise, Vestas has developed a full engineering, procurement and construction (EPC) solution for the 35 MW Wesley wind project located at the Eastern Cape. The order is placed by EDF Renewables and adds to Vestas’ more than Read More

Infineon digs deep to buy Cypress in $10 billion deal

2 weeks ago DieselGasoil Comments Off on Infineon digs deep to buy Cypress in $10 billion deal
FRANKFURT (Reuters) – Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company lower on concerns over the cost. FILE PHOTO: The logo of semiconductor manufacturer Infineon is Read More

Infineon to buy Cypress Semiconductors in $10 billion deal

2 weeks ago DieselGasoil Comments Off on Infineon to buy Cypress Semiconductors in $10 billion deal
FRANKFURT (Reuters) – Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday. FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Read More