Tata Power has announced that it will create a new arm, TP Renewable Microgrid, to set up 10,000 microgrids to provide power to five million homes across the country.
The Asian Development Bank (ADB) has approved a $450 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.
Siemens Gamesa has won a contract for the world’s largest floating wind power plant, which will be installed off Norway.
Nasrul Hamid, the State Minister for Power, Energy, and Mineral Resources for Qatar, said that the country is willing to make major investments in Bangladesh’s energy sector.
The Australian Government has announced that it is putting an additional $1 billion into its publicly-funded Clean Energy Finance Corporation (CEFC), the so-called “green bank” to invest in energy projects.
The Egyptian investment management company Enara Capital has announced plans to set up a 40MW solar power park in Kenya.
The Indian Government is exploring an option to set up an overhead electricity link with Sri Lanka to supply power to the island nation.
According to a report from Carbon Tracker, coal power generators in Europe face losses of €6.6 billion this year as plunging renewable energy costs and cheap natural gas cut use of coal to a record low.
Pakistan’s K-Electric has awarded a contract to build a 900MW combined cycle power plant at the Bin Qasim Power Complex (BQPS-III) in Karachi to Siemens and Harbin Electric International.
MAN Energy Solutions has announced that it has fully commissioned a new 7.5MW CHP plant for Schwäbisch Hall Municipal Utilities in southern Germany.