Iran’s Sunir, an electrical products company, and Spain’s Bester Generation have signed a memorandum of understanding to develop renewable power generation projects worth $250 million in Chile and Mexico.
Genesis Energy, the Wellington and Sydney dual-listed electricity generation company, is set to shut down its last two coal-burning generators by December 2018, due to more economical supplies of cheap renewable energy and a lowered demand.
The government of Ethiopia and Icelandic-US firm Reykjavik have signed a construction agreement for the first phase of the Corbetti 1000 MW geothermal plant in Ethiopia.
The British government has announced measures to deal with a projected over-allocation of renewable energy subsidies.
Chile’s state-owned Empresa Nacional del Petroleo (Enap) and Enel Green energy have begun construction of a 48 MW geothermal plant in Ollague, Antofagasta, Chile.