GE has announced that it intends to reorganise GE Power into two businesses, GE Gas Power, comprised of Gas Power Systems and Power Services, and GE Power Portfolio, comprised of the Steam, Grid Solutions, Nuclear, and Power Conversion businesses.
The International Energy Agency (IEA) has published its World Energy Outlook (WEO) 2018, in which it said that the share of renewables in global power generation will increase to over 40 per cent by 2040 from the current 25 per cent.
The European General Court has suspended the UK’s subsidy scheme for back-up electricity generation, stating that the payments system should be subject to a state aid investigation.
A consortium of GE Power and CIE Sociedad Anonima has won a contract from Itaipu Binacional to modernise the Itaipu Dam in Brazil, one of the world’s largest hydropower plants.
Rosatom has announced that it will begin construction of a seventh unit at the Tianwan nuclear power plant in China in 2021.
The Asian Development Bank (ADB) has signed a $227.7 million loan deal with Gulf SRC Company to build a 2500 MW combined cycle power plant in Thailand Chonburi Province.
LM Wind Power, a unit of GE Renewable Energy, has announced the inauguration of a new Technology Centre America’s facility to develop and test new techniques for designing and building wind turbine blades at its facility on the NASA Michoud campus outside New Orleans, Louisiana, USA.
Toshiba has announced that it is pulling out of the £15 billon Moorside nuclear power plant project in West Cumbria, UK.
South Korea capped operations of some coal- and oil-fired power plants at 80 per cent on 7 November, as most cities, including the capital Seoul, issued an air pollution advisory.
Shanghai Electric Gas Turbine Company and Ansaldo Energia have signed a contract worth about €60 million for the supply of the first Ansaldo Energia H-class GT36 gas turbine for the Minhang combined cycle power plant in China.