The South Korean Government has decided to allow Korea Electric Power Corporation (KEPCO) engage in new renewable energy business in an effort to increase the share of renewable energy in the country’s power production by 20 per cent by 2030.
Abu Dhabi’s renewable energy company, Madar, has signed an EPC contract with a global consortium comprising GE and Spain’s TSK to build the 50 MW Dhofar Wind Power Project in Oman, the first large-scale wind farm in the Gulf Cooperation Council (GCC).
The Transmission Company of Nigeria (TCN) has secured $2 billion to rehabilitate national grid infrastructure, and expand its transmission capacities up to 20,000 MW within the next three years.
Taiwan’s electricity grid has been under strain, and an outage at the country’s biggest gas-fired power plant resulted in a power outage affecting 6 million households on Tuesday.
Mateus Magala, Chairman of Electricidade de Moçambique (EdM), Mozambique’s state-owned electricity company, said that EdM intends to supply power to the whole country by 2030, in a project expected to cost over $16 billion.
SolarReserve has signed a long-term Generation Project Agreement (GPA) to build a 150 MW solar thermal power station near Port Augusta, South Australia.
GE Renewable Energy has won a turnkey contract with Star Pumped Storage Ltd for the 344 MW Kokhav Hayarden hydro pumped storage station, the second to be installed in Israel.
Berat Albayrak, Turkey’s Energy Minister, said that the country plans to build three nuclear power plants between 2023 and 2030, and that these would provide 10 per cent of domestic electricity consumption.
Over the last two years, coal consumption in India has slowed to its lowest level in two decades, despite the economy growing at an annual 7 per cent.
The US Energy Department has released three wind market reports demonstrating continued growth in wind energy nationwide.