Siemens and the Moroccan Government have agreed that Siemens will build a factory in Morocco to manufacture rotor blades for onshore wind turbines, creating up to 700 jobs. Construction of the factory is scheduled to start I spring 2016, and it is scheduled to start operations in spring 2017.
Georgia Power has announced that it has completed the issuance of $325 million of Green Bonds, becoming the first retail electric utility in the USA to offer this type of security to support investment into renewable generation.
Bechtel has announced that it will join forces with BWX Technologies to accelerate development of a factory-built nuclear reactor with the goal of producing the world’s first viable Generation III plus plus modular nuclear power plants.
NRG has announced that it posted a total loss of $6.36 billion in the fourth quarter of 2015, with more than $5 billion in write-offs stemming from the company’s struggling commodities business.