A Michigan judge on Thursday ordered the company in charge of the U.S. portion of Detroit's Ambassador Bridge to surrender control of the project to the state Department of Transportation and to pay $16 million in a long-standing dispute that sent the bridge's billionaire owner and president to jail.
Leonard Street and Deinard has lured Minnesota power developer Excelsior Energy Inc.'s general counsel, who has extensive background in project finance, to the firm's energy and corporate practice groups as a Minneapolis-based shareholder, Leonard announced Thursday.
The U.S. National Park Service argued Thursday that the Alaska Energy Authority's deadlines for environmental studies for the proposed 600-megawatt Susitna-Watana hydroelectric dam near Anchorage are too tight to allow an adequate assessment of the project’s potential impact on recreational activities in the area.
China Shenhua Energy Co. Ltd., the country's biggest coal producer, said Friday it received government approval for an 845-megawatt power plant north of Beijing, its third coal-fired power plant launched in the past year.
California-based energy project developer Joule Investments inked an agreement Friday with the West African nation of Cameroon to build an estimated $1 billion, 450-megawatt hydroelectric facility to dramatically boost electricity generation capacity in the country.
Spanish wind turbine manufacturer Gamesa Corp Tecnologica SA has agreed to sell four of its U.S. power projects to a subsidiary of Canadian energy player Algonquin Power & Utilities Corp for nearly $900 million, the companies announced Friday.
A coalition of environmental groups including the National Resources Defense Council and the Sierra Club urged the U.S. Department of the Interior on Wednesday to ensure that new rules for hydraulic fracturing protect the environment and public health.
A supposed market for airport financing bonds separate from the larger municipal bond market is too narrowly defined to sustain an attorney's claims that major banks conspired to suppress her patented financing method, the banks' attorney told a New York state judge Thursday.
Computer magnate Michael Dell's MSD Energy Partners LP raised a robust $953 million in 2011, the energy-focused hedge fund revealed in a regulatory filing Thursday.
The U.S. Senate on Thursday narrowly defeated a measure to advance the Keystone XL pipeline without President Barack Obama's blessing for the controversial project, also squashing proposals to expand offshore drilling and delay emissions standards for industrial boilers and incinerators.
Speaker of the House John Boehner, R-Ohio, conceded Thursday that after another failed effort to push along a stalled $260 billion transportation infrastructure bill, the House will take up the Senate's $109 billion version next week.
Swiss engineering behemoth ABB Ltd. has won a $60 million contract from a Royal Dutch Shell PLC subsidiary to build a new power plant in Southern Iraq, ABB announced Thursday.
New Jersey metals distributor Magnesium.com Inc. slapped a Malaysian magnesium producer with a breach of contract suit Thursday, claiming CVM Minerals Ltd. tricked Mg.com into signing an unfavorable $1.2 billion sourcing agreement so CVM could leverage financing for a new plant. Correction: A previously published version of this article incorrectly stated that the five-year offtake agreement between Magnesium.com Inc. and CVM Minerals Ltd. was valued at $1.2 billion. The error has been corrected.
A subsidiary of Polish copper producer KGHM Polska Miedz SA will take $1 billion in debt from a group of Japanese banks to finance its Sierra Gorda mining project in Chile, the company said Thursday.
Energy-focused private equity firm Denham Capital Management LP will pump $190 million into Spanish alternative energy provider Fotowatio SL, also known as FRV, to expand its solar energy projects worldwide, Denham said Thursday.
TransCanada Keystone Pipeline LP asked a Texas appeals court Wednesday to end a restraining order blocking an eminent-domain land claim for the Keystone XL fuel pipeline, after arguing in a February hearing that project delays could cost $4 million per day.
General Turbine Systems of Texas Inc. sued two energy companies and several banks including Citibank NA in Texas state court Wednesday, claiming it was paid only $3 million on a $13.8 million contract to help construct a power plant in Bangladesh.
The U.S. House of Representatives on Wednesday passed a bill that would set aside federal environmental review of the installation of hydroelectric generators into existing pipelines and water canals.
New Mexico Gov. Susana Martinez, R, cut nearly $23 million on Wednesday from a $137 million bill to fund hundreds of capital improvement projects with severance tax bonds, while passing in full a separate property-tax-supported bond bill.
A private equity-backed affiliate of midstream gas company MarkWest Energy Partners LP will build processing plants in eastern Ohio to handle gas and oil from Gulfport Energy Corp.'s Utica Shale holdings, the company said Wednesday.