Brazil’s WEG to invest $77 million to boost US plant capacity due to AI demand

Sept 23 (Reuters) - Brazilian motor maker WEG (WEGE3.SA), opens new tab will invest $77 million in a U.S. specialty transformer manufacturing facility, it said on Tuesday, seeking to increase the plant's production capacity by 50% as artificial intelligence fuels demand in the country. The investment in the Washington, Missouri, plant targets the production of transformers seen as essential... Continue Reading →

US Federal Judge Grants Go Ahead for Orsted Offshore Wind Project

Sept. 22 (Reuters) Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump's administration halted the project last month. The ruling is a legal setback for Trump, who has sought to block expansion of offshore wind in U.S. waters. It is a palpable... Continue Reading →

Canada Readies for Offshore Wind

Sept. 21 (OE) Sean Fraser, Canada’s Minister responsible for the Atlantic Canada Opportunities Agency, has announced that strategic direction has been given to the Canada–Nova Scotia Offshore Energy Regulator as a next step toward realizing Canada’s first-ever offshore wind project. Fraser made the announcement on behalf of Tim Hodgson, Canada’s Minister of Energy and Natural... Continue Reading →

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