Solar photovoltaic (PV) would be more economically viable than oil-fired electricity generation in oil-rich Gulf states, according to Bloomberg New Energy Finance (BNEF).
AEI, the Houston-based company that includes many of the late Enron Corp's foreign energy businesses, is selling off the majority of its assets in an effort to restructure as a smaller operation that will focus on international power generation.
Global investment in clean energy reached a record of $243 billion in 2010, a 30 per cent increase on 2009 levels, according to research house Bloomberg New Energy Finance (BNEF).
Turkey’s largest electricity generation plant, Hamitabat power station (HEAŞ), is to be privatised in the next few days according to Privatization Administration (ÖİB) Vice President Ahmet Aksu.
Pakistan is ready to share its expertise and experiences in hydro and nuclear power generation under the International Atomic Energy Agency (IAEA) safeguards, President Asif Ali Zardari has said.
Siemens has received an order from Seoul-based utility GS Electric Power and Services Co. for the supply of its latest (H Class) high-efficiency gas turbine. This is the first time Siemens will supply a complete combined cycle power plant equipped with its new-generation gas turbine.
Eighty companies have signed Power Purchase Agreements (PPAs) for generation of 950 MW of solar power in the Indian state of Gujarat, according to Pranav Mehta, founder and chairman of the Solar Energy Association of Gujarat.
The Bangladeshi government has announced it is aiming to add more than 2000 MW of electricity generation to the national grid this year in order to address the ongoing power crisis. Though it admits there would still be some shortfall.
The Subic Bay Metropolitan Authority (SBMA) in the Philippines has given the green light for the establishment of renewable energy projects in its freeport worth $125 million, officials have said.
The UK installed solar power generation capacity at a record rate last year, data from the energy regulator Ofgem show.