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.
Japan and Kuwait have reached an agreement to cooperate in building nuclear power plants and encouraging the peaceful use of nuclear energy.
Suncor Energy Inc has reached a deal to sell a number of UK offshore North Sea properties for about $390 million to an affiliate of Dana Petroleum plc.
The Scottish Government has announced that it has accepted a proposal from Statoil, Norway’s largest energy company, to commercially test its Hywind floating wind turbines in deep water either off the coast of Lewis or Aberdeenshire.