FirstEnergy, based in Ohio, USA, has announced that its decision to sell or close power plants that operate in competitive markets has forced it to impair a significant portion of its portfolio, and led to a $6.2 billion loss in 2016.
Veresen of Canada has announced that it is selling its power generation business to several buyers for a total of $1.18 billion.
Siemens Wind Power has announced that it will provide a complete offshore wind power plant solution, including foundations, for EnBW’s Hohe See offshore wind project, off the German coast.
Tokyo Electric Power Company Holdings and Chubu Electric Power are considering integrating their thermal power generation business in fiscal 2018.
Southwest Power Pool (SPP) in the USA has set a wind power penetration record of 52.1 per cent on 12 February, becoming the first regional transmission organisation (RTO) in North America to serve more than 50 per cent of its load at a given time with wind energy.
Horizon Nuclear Power and Exelon Generation have announced a partnership to aid development of the Wylfa Newydd nuclear power project in Anglesey, Wales.
Japan’s Toshiba has announced that it will book a $6.3 billion hit to its US nuclear unit, a writedown that wipes out its shareholder equity, and leaves the group scrambling for capital.
Leigh Creek Energy has announced that it plans to construct a gas plant at the site of the former Leigh Creek coalmine, 500 km north of Adelaide, South Australia, to produce commercial quantities of pipeline-quality methane.
With the onset of the dry season in Nepal, power generation from the 70 MW Middle Marshyangdi Hydropower Project has fallen to around 30 MW, due to the significant drop in water level in the river basin.
The General Electric Company of Libya (GECOL) has announced that its maintenance teams have managed to restore the link between the eastern and western power networks after over two years of separation.