in News Departments > New & Noteworthy
print the content item

Hitachi Ltd. plans to partner with Mitsubishi Heavy Industries (MHI) in a potential Siemens-driven bid for Alstom's energy business. Just yesterday, MHI and Siemens revealed that they will decide whether to submit a joint proposal to Alstom by June 16 that would counter a $17 billion bid from U.S.-based GE.

According to a Bloomberg report, Hitachi and MHI, both Japanese companies and long-time partners, might bid about $5 billion for Alstom's steam turbine assets, with Siemens paying the same amount for Alstom’s gas turbine division. However, there was no indication of whether the proposal would include Alstom's wind turbine business.

Bloomberg reports that the president of Hitachi’s power systems unit verified the partnership and said the offer would have no effect on the Japanese company’s close ties with GE in the nuclear energy sector. GE, meanwhile, continues to negotiate with the French government regarding its $17 billion proposal for Alstom’s energy business.





Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Canwea_id1984
Renewable NRG_id1934