China has approved its first large battery storage pilot project as it seeks to maximise renewable energy output and improve grid stability.
Hitachi has reached a deal to acquire ABB’s power grid business for an estimated $7 billion.
Diamond Transmission (DTC), a subsidiary of Mitsubishi, has been selected as the preferred bidder for a new offshore transmission link in the UK.
A report from the African Development Bank (AfDB) states that Zimbabwe requires $1.2 billion to finance new power projects and repair ageing infrastructure.
The International Bank for Reconstruction and Development (IBRD) has announced that it will extend a $310 million loan for India’s Jharkhand Power System Improvement Project.
GE has announced that it intends to reorganise GE Power into two businesses, GE Gas Power, comprised of Gas Power Systems and Power Services, and GE Power Portfolio, comprised of the Steam, Grid Solutions, Nuclear, and Power Conversion businesses.
The European General Court has suspended the UK’s subsidy scheme for back-up electricity generation, stating that the payments system should be subject to a state aid investigation.
The MENA Power Industry Outlook 2019, a report prepared by Ventures Onsite, says that the GCC region is expected to require power infrastructure investment totalling $109 billion over the next five years.
The European Investment Bank (EIB) has signed a €100 million financing agreement with TenneT for the construction of an electricity link between Norway and Germany.
ACWA Power, a developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with China Energy Engineering Corporation Limited (Energy China) during a ceremony in Dubai.