Despite FTSE fall, International Power report profits

International Power announced a 9% increase in operating profits for the first half of the year despite reporting a 6% decline on the London Stock Exchange as one of the FTSE’s leading fallers. Up 9% from last year’s profits at €1,471 million (2010: €1,350 million), the company, 70% owned by France’s GDF Suez, were confident […]

Canada a target for renewable energy

GDF SUEZ and International Power have announced Power Purchase Agreements over wind energy in Canada. The two PPA’s secure wind farms in Ontario and another development in British Columbia. IPR-GDF SUEZ North America has secured 20-year PPAs with the Ontario Power Authority for all of the output from the 99MW Erieau and 99MW East Lake […]

GDF-International Power’s NYC gas plant fires up

GDF SUEZ and International Power’s gas-fired power plant in New York City has begun commercial operations. The Astoria Energy II plant is part of a project that cost US$1.3 billion to develop. Philip Cox, CEO of International Power which is 70% owned by GDF, said: “New York is an attractive market and this project adds […]