Japan’s Sumitomo Corp. has spent $200 million to acquire a 25 per cent stake in Desert Sunlight Investment Holdings LLC, the operator of a $2.3 billion solar project in California, USA.
GE has announced a new line of gas-powered turbines specifically designed to be paired with renewable energy sources. The new FlexEfficiency 60 product line represents a new model for alternative-energy projects, with the company claiming it combines “record-breaking efficiency” and “flexibility” to cut carbon emissions and reduce costs compared to prior GE configurations.
The future direction of Britain’s new generation of nuclear plants is to be decided soon, with three consortium’s bids for the Horizon group entering the final stage.
The Japanese Government has officially adopted a new long-term energy strategy that calls for the elimination of nuclear power generation by the end of the 2030s.
GE has announced plans to expand and enter the power supply business in Japan.
Japanese Environment Minister Goshi Hosono has released Japan’s new post-Fukushima power strategy, which aims to boost the generating capacity of four renewable energy sources by more than six-fold and make it possible to eliminate all nuclear power, all by 2030.
IHI Corp. has announced it has acquired a 50 per cent stake in each of US utility Exelon Corp’s five power plants in California. This move is IHI's first entry into large-scale commercial power generation.
Nguyen Anh Tuan of the Vietnam Institute of Energy has said that the country will soon face a serious power shortage if it fails to come up with increased power generation capacity.
Orix Corp. President Makoto Inoue has said that his firm plans to invest 100 billion yen ($1.25 billion) over three years to build solar power plants at dozens of locations across Japan with a total generating capacity of 400 MW.