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GE Gas Power Acquires Nexus Controls From Baker Hughes, Creates New Full-Service Controls Business Line
Successful deal closure integrates aftermarket controls business with Mark™ Vle platform and establishes GE as a full-lifecycle, global leader in controls…
Germany
German E.ON to Invest EUR 210 Million in Power Business in Romania
E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division. It is also developing en…
GE’s Renewables Business Reports $1.8bn Loss so Far This Year
Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.
Hydropower Plant
GE Renewable Wins Maintenance Contract for 11GW Hydropower Plant in Brazil
GE Renewable Energy’s hydropower business has signed a five-year contract with Norte Energia
Nuclear Power Plant
GE to Sell Part of Its Nuclear Business to EDF, which Aims to Ramp up Construction
GE and EDF signed an exclusive agreement for EDF to acquire part of GE Steam Power’s nuclear power business.
Hydrogen Technology
Mitsubishi Heavy Industries Organisational Restructure to Greatly Enhance Hydrogen Capabilities
Mitsubishi Heavy industries has incorporated the Mitsubishi Power Business branch as it looks to support global adoption of hydrogen and ammonia technologies.
Solar Power Plant
Korea Midland Power Expanding Solar Power Business in the U.S.
Korea Midland Power is drawing attention as it is expanding its solar power business in the United States.
Offshore Wind Power
Korean Shipbuilders Jumping into Offshore Wind Power Business
Korea's three major shipbuilders -- Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering -- are jump…
Energy Investment
Globeleq Expanding into Nigerian Power Business
Independent power generation company Globeleq will take a 74% stake in Nigerian power business CPGNL Limited.
China
China to Launch Carbon Emissions Trading Scheme Next Month
The ministry issued rules on Tuesday allowing provincial governments to set pollution caps for big power businesses for the first time.
Hydropower Plant
Doosan Heavy and KOMIPO Team up for Overseas Hydropower Business
Doosan Heavy Industry & Construction and Korea Midland Power have signed an agreement to work together on a new overseas hydropower business, while localizing h…
Smart Grid
German E.ON to Invest EUR 210 Million in Power Business in Romania
E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division.
Energy Investment
Canadian Investment Firm to Acquire Emami Power in India
Canadian investment company Brookfield Asset Management has reportedly agreed to acquire the solar power business of Indian power company Emami Group.
Diamind Solar Technologies
Diamind Technologies designs and builds premium solar energy systems. They range from 1 kilowatt to over 500 kilowatt systems and power businesses, government a…
Offshore Wind Power
Shell Agrees to Acquire EOLFI：Expanding its Renewable Power Business
Shell has signed an agreement to buy 100% of EOLFI, a French renewable energies developer specialised in floating wind projects. The acquisition is subject to r…
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