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Business 2005 P5



EnerSys acquires German battery manufacturer
EnerSys, the world's largest manufacturer, marketer and distributor of industrial batteries, announced Wednesday that it completed the acquisition of German battery manufacturer Gerate- und Akkumulatorwerk Zwickau GmbH (GAZ), effective October 11 at a cost of approximately €3m ($3.6m). The deal will be financed using existing EnerSys credit facilities.

Southern announces 424 MW power deal with Progress Energy
Southern Company announced Tuesday that it has signed two long-term wholesale power agreements with Progress Energy Florida.

Emerson agrees Chinese invertor distribution deal
China Energy Savings Technology, Inc. a provider of energy saving products in China, announced today that its wholly-owned Chinese subsidiary Shenzhen Dicken Technology Development Ltd. ("SDTD"), has entered into a distribution agreement with Emerson Network Energy Co. Ltd. ("Emerson Network"), a subsidiary of Emerson Electric Company. Under the agreement, China Energy Savings will distribute Emerson's Invertor Products throughout China.

Xcel Energy sells selected assets to Tri-County Electric Cooperative
Xcel Energy Inc. announced Thursday a definitive agreement to sell its delivery system operations in Oklahoma, Kansas and a small portion of Texas to Tri-County Electric Cooperative.

Siemens acquires Wheelabrator Air Pollution Control
Siemens Power Generation has expanded its business portfolio by acquiring Wheelabrator Air Pollution Control, Inc., a leader in the design and supply of air pollution reduction products and solutions for the coal-fired power and industrial markets.

Gale Force and Padoma link to develop Canadian wind projects
Gale Force Energy, a Toronto-based wind farm developer, announced today that it has entered into a joint venture with California's Padoma Wind Power to develop more than 500 MW of wind energy projects across Canada.

Alstom signs strategic partnership in Russia with EMAlliance
Alstom has strengthened its operations in Russia and the CIS countries through a strategic partnership deal with Russian power engineering company Energomachinostroitelny Alliance (EMAlliance).

Areva acquires 21 per cent stake in REpower
Areva has purchased a 21.1 per cent stake in the German wind turbine manufacturer REpower hoping to benefit from the potential in offshore wind energy.

Austrian utilities face tougher business environment
Austrian utilities face a tougher business environment following increased regulatory pressure and the failure of a planned alliance between utilities, according to a report published by Standard and Poor's Ratings Services.

Edison adds 120 MW of wind power to its portfolio
A subsidiary of Edison Mission Group is to acquire a 120 MW wind project in eastern New Mexico, US, from the California based wind power developer, Padoma Windpower.

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