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.
Ahmet Aksu, Vice President of the Turkish Privatisation Authority, has said that the country will soon start to privatise electricity generation.