ABB wins Belgian wind farm order
BELGIUM - ABB has won a $125 million order to connect a wind farm 30 kilometers off the Belgian coast to the mainland grid, a further step by the Swiss engineer to capitalize on the push for green technologies.
Scheduled to begin service in 2013, the Belgian wind farm was expected to generate 1,000 gigawatt-hours of electricity per year — equivalent to the annual consumption of 600,000 people in Belgium, ABB said.
The order was placed by Belgian company C-Power NV.
In July, ABB, which produces equipment for utility companies, received its largest-ever such transmission order, a $700 million order to connect North Sea wind farms to the German grid.
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Ontario Teachers' Plan Acquires Brazilian Electricity Transmission Firm Evoltz
TORONTO - The Ontario Teachers’ Pension Plan has acquired Evoltz Participações, an electricity transmission firm in Brazil, from US asset manager TPG.
The retirement system took a 100% stake in the energy firm, Ontario Teachers’ said Monday. The acquisition has netted the pension fund seven electricity transmission lines that service consumers and businesses across 10 states in Brazil. The firm was founded by TPG just three years ago.
“Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows,” Dale Burgess, senior managing director of infrastructure and natural resources at Ontario Teachers, said…
