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Aravis Sells Wind Farm to EBM

Aravis Energy I LP, a Swiss venture capital firm based in Zurich, has sold wind energy company LuciaWind AG to the utility EBM. LuciaWind AG operates a 42-megawatt (MW) wind farm in Spain.

The project, which includes fourteen 3-MW wind turbines, is situated in Andalusia on Spain’s Atlantic coast and is one of the projects in Aravis Energy’s portfolio. The purchase of the wind farm makes EBM one of the largest Swiss wind farm owners. The investment volume is more than 100 million Swiss francs [US $90 million].

Oliver Thalmann, Aravis Energy’s managing partner, said there is an increasing demand in the Swiss energy market for electricity from European wind farms and solar energy farms.

“There are interesting projects – particularly in countries such as Italy and Spain – which could be of significance for Swiss utility companies wishing to maintain a balanced and sustainable energy mix. However, in order to select the right project, one needs not only a sound knowledge of the industry and finance, but also detailed information regarding the local conditions.”


Orkney Marine Hydrokinetics Test Sites Prepare To Use Hybrid EMECOFS

Gregory B. Poindexter Wave and tidal energy research test facilities that the European Marine Energy Centre (EMEC) operates in Orkney, Scotland, will utilize a hybrid operational forecast system (OFS) to manage its marine hydrokinetics (MHK) ope...

NHA Recognizes Five Companies as Outstanding Stewards of America's Waters

Five companies have been recognized by the National Hydropower Association as recipients of its Outstanding Stewards of America's Water awards program for positive excellence in recreational, historical, environmental or ed...

Karot in Pakistan To Be First Hydropower Project Financed By China’s Silk Road Fund

Elizabeth Ingram The 720-MW Karot hydropower project in Pakistan will be the first project financed by China’s $40 billion Silk Road Fund, according to "The New York Times."

Musk Plots Energy Storage Fix Where Utility Industry Failed

Mark Chediak and Dana Hull, Bloomberg Billionaire Elon Musk thinks he can pave the way to a better energy future by turning the mattress-shaped batteries in Tesla’s electric car into upright pillars so they can be used to power homes, businesses and even utilit...


Volume 18, Issue 3


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