India’s Reliance Power has agreed a $2.2 bn deal with General Electric after securing a $5bn loan from the US Export-Import bank for buying US goods and services over the next three years.
Mitsui & Co. will participate in the solar power generation business in Spain by purchasing a 30 per cent stake in local solar power company Guzman Energia SL.
Reliance Power’s $10 billion pact with Shangai Electric Group Co. for the supply of power generation equipment and related service contracts is the largest ever China-India power deal but could be only the beginning of similar deals by other Indian utilities.
A United Nations meeting on climate change ended in Tianjin, China, with no consensus on key issues such as emissions mitigation and transparency.
General Electric (GE), the world’s second biggest producer of wind turbines, has formed a joint venture with China’s Harbin Power Equipment Co. to make and supply equipment to China.
Sharp will acquire Recurrent Energy, a US developer of solar energy projects, in a deal worth up to $305 million. The Japanese company hopes the acquisition will strengthen its position in the fast-growing solar-power generation business.
The start up of the second phase of Guangdong’s Ling’ao nuclear power plant means China’s installed power generation capacity now exceeds 900 GW
China's power generation industry is set for strong growth this year, the state-run Shanghai Securities News reported, citing the country's electric power generation trade association.
Japan and Kuwait have reached an agreement to cooperate in building nuclear power plants and encouraging the peaceful use of nuclear energy.
Mitsubishi Heavy Industries, Ltd. (MHI) and Marubeni Corporation (Marubeni) have jointly received an order for two steam turbine-generator sets, each rated at 1000 MW, for ultra-supercritical (USC) coal-fired power generation units of Korea East-West Power Co., Ltd. (EWP).