vineyardwindPROVIDENCE, R.I: Deepwater Wind, the Offshore wind power company is being purchased by Orsted, based in Fredricka, Denmark the world’s largest offshore wind developer. Orsted has agreed to pay $510 million to buy Rhode Island-based Deepwater Wind. Deppwater Wind constructed a three turbine wind farm off Block Island two years, ago, the first offshore wind plant in the US. Deepwater is currently owned by the global investment firm, D.E. Shaw.

In June the state of Connecticut awarded Deepwater Wind a purchase agreement of 200 Megawatts for what it calls the Revolution Wind Project (Deepwater Wind). This will be incremental to the 400 MW from the same project selected by Rhode Island.

wind river environmental officeMONROE: Wind River Environmental has leased the remaining available space at 154 Enterprise Drive, the term of the lease was for ten years. The building was recently constructed to accommodate the owner, Eastern Land Management Company of Stamford (ELM), which needed expansion into this region of the state. ELM purchased the 6 acre parcel and constructed the 21,000 square foot building for its partial use, and had Bruce Wettenstein of Vidal/Wettenstein market the balance of the space.

“We were fortunate to find a tenant that fit the remaining available space and adapted to the design of the building.” Wettenstein said. The mezzanine with direct access off the front will house Wind River’s offices, and the main level will be for vehicle access.

Screen Shot 2018 09 12 at 10.37.10 AMHARTFORD: Just as the state and environmental groups face off in Federal Court on Thursday September 13 over moves to cut back on energy efficiency programs, a new report outlines the scope of the industry in Connecticut.

According to E2 a business oriented non-profit organization that advocates for the “energy efficiency” industry, Connecticut is ranked 22nd in the country in energy efficiency employment.

The report says that Connecticut has 34,743 jobs across the entire business.

GLASTONBURY: GZA GeoEnvironmental, Inc., has added Branford resident Christopher Mayne as an Environmental Health and Safety (EHS) Project Manager in GZA’s Glastonbury office.

The company says, Mayne “has more than 20 years of experience in the EHS/compliance field, bringing a unique combination of environmental and safety expertise. Working with clients in diverse industries, he conducts risk assessments and process audits for worker health and exposure control methods. He also conducts employee training on varied EHS topics. Additionally, Mayne’s experience includes source water management for reservoirs and lakes.”

Mayne received a Bachelor of Science degree in Biology from Creighton University and a Master of Science degree in Applied Ecology & Conservation Biology from Frostburg State University.

Mayne is a Certified Lake Manager and an Authorized Occupational Safety and Health (OSHA) Construction Trainer and a Board Member of the Connecticut Federation of Lakes. Mayne is also, a member of the North American Lake Management Society and is on the Connecticut Business & Industry Association Advisory Board.

water wars top2CLINTON: The Connecticut Water Service [Nasdaq: CTWS] is moving forward with their merger plans with its cross-country transaction with the San Jose Water Company [NYSE: SWJ] as its rejects Eversource’s [NYSE: EV] most recent revised offer.

The revised Eversource, offer of $64 a share, is up marginally from $63.50 in April, but also includes increases if the merger is slow in receiving approval from regulators.

CTWS submitted a new application for the approval of their merger of equals, with the Connecticut Public Utilities Regulatory Authority (“PURA”) on July 18.

water2HARTFORD: In spite of the announcement by Connecticut Water Services [Nasdaq: CTWS] that it is going ahead with its merger with the San Jose Group [NYSE: SJW], Eversource [NYSE: EV] doesn’t sem ready to throw in the towel.

The company released a statement challenging CTWS’s statements about its bidding process, saying, “Connecticut Water confirmed yesterday that its “go-shop” process failed to solicit even a single additional indication of interest. Rather than being designed to solicit potentially superior proposals for the benefit of Connecticut Water shareholders, the “go-shop” process instead failed to reflect a sincere intention to consider superior alternatives.”

waterCLINTON: Connecticut Water Service, Inc. [NASDAQ: CTWS] has rejected Eversource’s [NYSE: EV] offer and said it has received no new or revised offers for purchase of the company and will proceed with its planned merger with San Jose Group [NYSE: SJW].

For its part Eversource said that it was satisfied with its proposal to CTWS and would not revise it.

Connecticut Water and the SJW Group merger agreement was amended to include a new go-shop provision, which allowed Connecticut Water to actively solicit proposals for an alternative merger, acquisition or other strategic transactions. 

waterCLINTON: Connecticut Water Service, Inc. [NASDAQ: CTWS] has rejected Eversource’s [NYSE: EV] offer and said it has received no new or revised offers for purchase of the company and will proceed with its planned merger with San Jose Group [NYSE: SJW].

For its part Eversource said that it was satisfied with its proposal to CTWS and would not revise it.

Connecticut Water and the SJW Group merger agreement was amended to include a new go-shop provision, which allowed Connecticut Water to actively solicit proposals for an alternative merger, acquisition or other strategic transactions.