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.
Environmental groups have demanded that the Green Climate Fund (GCF) exclude money for fossil fuels after an Associated Press investigation showed Japan bankrolled coal-fired power plants with money earmarked for fighting global warming.
Edinburgh-based company Aquamarine Power has launched a consultation process with staff about 'significantly downsizing' its business operation. The company, which has pioneered wave-power technology, looks set to cut its workforce from 50 to less than 20.
Siemens has been awarded a contract for its advanced H-Class gas turbine in Poland. It is the first time the company will build a turnkey combined cycle plant based on the machine in Central Europe, outside of Germany.