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Archive of industry news from the global power industry

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June 2016

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M&As this week: Tesla Motors, ENcome Energy Performance, and First State Investments 24 June 2016 Tesla Motors (Tesla) has announced its intention to acquire all outstanding common shares of SolarCity Corporation's (SolarCity) common stock for approximately...

Deals this week: Commonwealth Edison, and Florida Power & Light 24 June 2016 Commonwealth Edison Company (ComEd) has priced the public offering of its 3.65% series 121 first mortgage bonds to raise approximately...

Report: Increase in electricity demand to spur growth of renewable energy in Tunisia 24 June 2016 The share of renewable energy in Tunisias' total energy mix is expected to increase as demand for electricity is estimated to reach 5,687MW by 2031, says a report by...

New Scottish windfarm to power Nestle UK and Ireland operations 24 June 2016 A new windfarm on the border of Scotland will help power Swiss food and beverage company Nestlé's operations in the UK and...

GreenWish and Denham to build 600MW of renewable energy assets in Africa 24 June 2016 Energy-focused private equity firm Denham Capital and renewable energy investment company GreenWish Partners have entered a partnership to develop, build, and finance 600MW of renewable...

Siemens to cut down LCoE for offshore wind power generation from 2025 23 June 2016 Siemens intends to reduce the levelised cost of energy (LCoE) for generating offshore windpower from...

Atlantis connects MeyGen to Scottish Ness of Quoys network 23 June 2016 Tidal power generation company Atlantis Resources has connected its MeyGen project in northern Scotland to the 33kV Ness of Quoys distribution...

UGL selected as O&M and EPC contractor for Kidston Solar Project 23 June 2016 Genex Power has appointed Australian engineering and property services company UGL as both Engineering, Procurement, and Design (EPC) and Operation and Maintenance (O&M) contractor for its...

World Nuclear Association releases worldwide power report 22 June 2016 UK-based company World Nuclear Association has launched its report revealing major metrics on nuclear power plant performance and recent developments in the nuclear...

New study helps identify criteria for effective greenhouse gas emissions storage 22 June 2016 A study on natural underground reservoirs of carbon dioxide (CO2) has revealed major reasons to store man-made greenhouse gas emissions...

Luxcara acquires two solar projects in the UK from Conergy 22 June 2016 European asset manager for renewable energy investments Luxcara has acquired a further two solar projects in the UK from German company...

A biogas plant in Ireland to use chicken litter to generate renewable energy 21 June 2016 A new £20m biogas plant is being constructed in Ireland to treat large volumes of chicken, which will generate 3MW of renewable energy from up to 40,000t of chicken litter each...

JA Solar supplies PV modules for Egyptian diesel hybrid power project 21 June 2016 Shanghai-based development company JA Solar has delivered 11MW of high-efficiency photovoltaic (PV) modules for a diesel hybrid project in the Red Sea region of...

CLP and Suzlon form JV for 100MW solar project in Telangana, India 21 June 2016 Hong Kong-based electric company CLP's wholly-owned subsidiary CLP India has formed a joint venture (JV) with renewable energy solutions provider Suzlon Group to develop a 100MW solar project...

US to add 1.3GW energy storage capacity over five years 20 June 2016 Government agencies, companies, and organisations in the US have committed to generate an additional 1.3GW of energy storage capacity across the country over the next five...

Ramboll to provide consultancy services for Lynemouth power plant conversion 20 June 2016 Danish firm Ramboll has been chosen to deliver engineering consultancy services for the conversion of the UK's Lynemouth Power Station from coal to...

Siemens and Gamesa agree to merge windpower business 20 June 2016 German engineering company Siemens has signed binding agreements to merge its windpower business and services with Spanish manufacturing company...

Report: Global spent nuclear fuel (SNF) dry storage cask market to reach $1.9bn by 2020 17 June 2016 The global deficit of storage capacity and lack of clear disposal strategies are expected to drive the growth of the spent nuclear fuel (SNF) dry storage cask market in the short-term, according...

Bladt Industries to deliver jacket foundations for 588MW Beatrice windfarm 17 June 2016 Danish steel contractor Bladt Industries has secured an order from Netherlands-based offshore contractor Seaway Heavy Lifting to provide 30 jacket foundations for the Beatrice Offshore Windfarm...

APR Energy wins 350MW mobile turbine power projects in Argentina 17 June 2016 Fast-track mobile turbine provider APR Energy has secured two five-year projects worth $450m from Argentina's Ministry of Energy and Mining to provide 350MW of power generating capacity in...

M&As this week: Tata Power Renewable Energy, Total, and Havells India 17 June 2016 Tata Power Renewable Energy has reached an agreement with Welspun Energy to acquire its subsidiary Welspun Renewables Energy (WREPL) for approximately Rs92.49bn...


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