The eastern state of Odisha, one of a number of Indian states to review their renewable energy policies in the wake of government's ambitious target of 175 GW of new clean power by 2022, has announced a target to establish 3 GW of renewable energy by 2022. This represents some 3 per cent of the government target.
As part of its 2012 plan to channel $40 billion of investment into renewable energy projects over the next decade, Goldman Sachs Group Inc plans to target $1 billion in investment within the next few years in renewable projects in Japan.
The British government has announced that construction on the 400 MW, £1.3 billion ($2.02 billion) Rampion windfarm will take place next year off the coast of Sussex.
The deal provides ZF with a ready-made entry point into the industrial gears market, as well as underpinning its existing wind turbine gearbox activities - especially as the Beijing factory is aimed solely at producing wind turbine gearboxes.
Stefan Sommer, ZF CEO, said: "The acquisition of the industrial gears and turbine gearbox of Bosch Rexroth AG is an excellent supplement to our industrial technology portfolio and opens up new customer groups."
Bosch Rexroth's large gearbox business generated about $340.9 million in sales last year.
Italian renewable energy developer Enel Green Power has announced a $9.9 billion, 7 GW capacity addition and capital investment programme in Latin America.
The EU-28 Member States and the European Parliament have agreed to introduce a market stability reserve in 2019 to tackle a glut of over 2 billion excess permits in the EU Emissions Trading Scheme (ETS).
Tesla Motors is set to announce a new battery pack that could revolutionise the energy market.