Governor hails renewable energy deal
Michigan Gov. Jennifer Granholm hailed a decision by Consumers Energy to buy renewable energy for the Michigan grid under a 20-year plan.
"These projects will help power Michigan homes and businesses, build markets for our growing wind manufacturing industry and create jobs," Granholm said in a statement.
Consumers Energy under the deal will purchase more than 230 megawatts of renewable energy from three wind farms operated by John Deere in the eastern and southern counties of Michigan starting in 2012.
Renewable energy derived from the decomposition of organic matter in a landfill operated by Houston's Waste Management Renewable Energy in eastern Michigan will contribute 12.8 MW of energy for Consumers Energy within two years.
"The power purchase agreements support Consumers Energy's plan to increase its renewable energy supply portfolio to 10 percent by 2015 to meet the requirements of Michigan's energy reform law," the utility company said.
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Japanese utilities buy into vast offshore wind farm in UK
TOKYO - Two of Japan's biggest power companies will buy around 40% of a German-owned developer of offshore wind farms in the U.K., seeking to learn from Britain's lead in this sector and bring the know-how back home.
Tokyo-based Electric Power Development, better known as J-Power, will join Osaka regional utility Kansai Electric Power in investing in a unit of Germany's Innogy.
The deal, estimated to be worth around $900 million, will give J-Power a 25% stake and Kansai Electric a roughly 16% share. It will mark the first investment in an offshore wind project by Japanese power companies.
Innogy plans to start…
