Takeover of U.S. Wind Energy Giant

Interesting article, mentioning Sun Power Corp. (NASDAQ:SPWR), about the wind farm giant Horizon Wind Energy buyout by Portuguese utility EDP.

Two days ago they opened in Serpa, Portugal an 11 Megawatt photovoltaic power plant, one of the world's largest to date.

If the deal goes through, it will make the Portuguese utility one of the largest renewable energy companies in the United States - as well the world - and the acquisition is another sign that European companies are increasingly looking at the U.S. as rich market for green tech. Horizon operates wind farms in 15 states that generate more than 1,500 megawatts, and the Houston-based company has another 9,000 megawatts in the pipeline, according to EDP.

Read the rest at Green Wombat

Labels: Solar Projects

posted by IntoBlogs at 3:26 PM