Energy

City Power Johannesburg (Pty) Ltd is working hard to maintain its reputation for exceeding the expectations of its customers and stakeholders; and it is receiving plenty of recognition along the way.

GeoSea, part of the DEME group of companies, has applied a pioneering approach to a host of underwater construction challenges. Business development manager Bart De Poorter talks to Jayne Alverca about the company’s flair for innovation.

New partners from Germany and France have been signed up to the South Stream gas pipeline project, it has been announced.

Germany’s Wintershall Holding and France’s EDF have each acquired a 15 per cent stake in the offshore section of the South Stream project through a 30 per cent reduction of Italian Eni's stake.

South Stream is a project conceived by Russia’s Gazprom to construct a gas pipeline across the Black Sea to South European and Central European countries, for the purpose of diversifying natural gas export routes.

Canadian Solar Inc has opened a new warehouse facility in Port Elizabeth, New Jersey to provide additional photovoltaic module storage capacity for the growing business.

The first shipment of modules is expected to arrive in mid-September 2011. The warehouse itself utilizes solar energy from its PV rooftop mounted system.

Uranium Energy Corp and Concentric Energy Corp have completed their stock-for-stock merger, giving UEC 100 percent ownership of the Anderson Property in Arizona.

The Anderson Property is a 7,581-acre mineral claim block with a previous history of small-scale uranium production, located in Yavapai County, Arizona, approximately 75 miles northwest of Phoenix.

"With the acquisition of the Anderson project, UEC is now the leading uranium player in Arizona, as well as in South Texas,” said President and CEO Amir Adnani.

Gary Whalley, chief operating officer of Babcock Ntuthuko Powerlines, says that the company’s long track record of engineering excellence means it is now ideally positioned to expand its footprint across Southern Africa. Jayne Alverca reports.

Owens Corning and Solexel have been awarded $13 million in funding from the United States Department of Energy for projects that will help shape the next generation of solar energy technologies.

The funding is part of the DOE's SunShot Initiative which seeks to make solar energy systems more affordable and sustainable for homeowners.  

McPhy Energy, a provider of solid hydrogen storage technology, has announced a partnership with the UK’s Nottingham University on the mid-term storage of renewable energy in a residential micro-grid.

Construction and infrastructure specialist Ballast Nedam has signed a contract worth around €250 million with wpd for the engineering, supply and installation of 80 foundations at the Butendiek offshore wind farm in Germany.

The wind farm is located in the German Bight, 32 kilometres west of the island of Sylt, and consists of 80 turbines, each with a capacity of 3.6 MW—288 MW in total. The water depth at the wind farm is between 17 and 22 metres.

Flint Energy Services Ltd. has entered into a definitive agreement to Carson Energy Services Ltd, a privately held energy services company based in Saskatchewan, Canada. 

The purchase price to be paid at closing is comprised of $112 million in cash and 2,121,212 Flint common shares, plus up to an additional $30 million earn-out spread over the next three years, subject to closing adjustments. Payment of the earn-out portion of the purchase price is dependent upon Carson meeting EBITDA targets of $40 million per year.