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.
Cobra Energia, the renewable energy developer, has received $254 million in loans from a group of financing companies led by Natixis SA for two wind projects in southwest Peru.
The German-Dutch transmission grid operator TenneT has received ownership of SylWin1, the most powerful offshore grid connection to date. The offshore platform of the SylWin1 grid connection is located around 70 km west of the German Island of Sylt, of which the project was named.
Pakistan has awarded a $1.5 billion contract for what is claimed to be the largest solar power plant in the world. When finished the plant, to be built in Bahawalpur by Chinese company Zonergy Company Ltd, will have a power generating capacity of 900 MW.