The UK’s Capacity Market auction undertaken by National Grid has contracted 49.26 GW of capacity to provide backup power in the year 2018/19. The contracted amount falls slightly short of the intended capacity procurement of 50.8 GW but was hailed as a success.
Balfour Beatty, the UK-based construction services company, has completed the acquisition of the £164 million ($257 million) Thanet offshore transmission project in Kent.
S&C Electric Company has begun operating Europe's largest battery-storage project. S&C Electric Europe, Samsung SDI and Younicos collaborated to deploy the technology onto a United Kingdom Power Networks substation in Leighton Buzzard, Bedfordshire, England.
Switzerland’s engineering group ABB has agreed a joint venture with Hitachi to develop marketing strategies for high-voltage direct current (HVDC) power transmission equipment in Japan.
Emerson Electric Co. has announced a $1.44 billion cash deal with Regal-Beloit Corp. to sell its power transmission solutions business.
The final closing of an asset deal between Hitachi Zosen Inova AG (HZI) and Axpo Kompogas Engineering AG will see all plant construction activities of Kompogas transferred to HZI with immediate effect.
Uganda has commissioned two new solar power plants with a total capacity of 20 MW in order to develop its renewable energy potential.
Spain’s Abengoa and South Korean company Hyundai Engineering & Construction have signed a memorandum of understanding to work together on developing power plant projects.
NTPC Ltd., India's largest power producer has significantly expanded its solar energy activities with the signing of another new agreement to construct a large-scale solar power plant in the state of Uttar Pradesh.
The Chinese government has announced that it is ready to resume approvals for building coastal nuclear power plants, after having suspended progress on all new reactors in 2011.