Company news - Page 2Stay up to date with the latest Company news updates from the global modern power systems industry
GE has announced a new senior management team for its power segment, which is being reorganised into two businesses.
Orsted acquires Deepwater Wind
Orsted has signed an agreement with D. E. Shaw Group to buy the Deepwater offshore wind energy project in the USA.
Statkraft acquires Element Power Group
Statkraft has boosted its position in Ireland’s and the UK’s renewable energy sectors with the acquisition of Element Power Group.
ADB supports Mongolian distributed energy system
The Asian Development Bank (ADB) has approved a $40 million loan for a novel distributed renewable energy and energy storage system in Mongolia.
German banks back Primorskaya project
DTEK Renewables has raised €90 million in debt financing for the construction of the first phase of the Primorskaya wind farm in the Ukraine.
MAN Diesel & Turbo realigns itself
MAN Diesel & Turbo has renamed itself MAN Energy Solutions in a move that it says represents a new vision, a new strategic alignment that marks its future path.
Wärtsilä is making significant investment in Finland
Wärtsilä is building a new centre of research, product development and production, in Vaskiluoto, Vaasa, and has named it the Smart Technology Hub.
Sempra moves to wrap up Oncor acquisition
Sempra is making a public stock offering of $1.6 billion to help wrap up its purchase of the entire stock of Oncor, the largest utility in Texas.
Ørsted acquires Lincoln
Ørsted has gained a foothold in the US onshore wind energy sector with the acquisition of Lincoln Clean Energy.
Mercedes makes first deal with Polish PPA
Mercedes-Benz has signed the first corporate renewable power purchase agreement in Poland.
BioTherm closes renewables projects in South Africa
BioTherm Energy has reached financial close on a 284 MW portfolio of wind and solar projects in South Africa.
Brewing giants sets sights on renewables
San Miguel Corporation has confirmed plans to build up to 10 GW of renewable energy capacity over the next ten years.
Eskom registers large year on year loss
The release of Eskom's 2017/2018 financial results has revealed a net loss of R2.3 billion and irregular expenditure of R19.6 billion since 2012, revealing the extent of its...
Statkraft updates its renewables strategy
Norwegian energy major Statkraft has announced plans to ramp up the development of wind and solar energy as part of a long-term strategy to ensure cost competitive energy to customers.
Total completes Direct Energie purchase
French energy group Total has made a move to take full ownership of Direct Energie following its successful bid for a majority stake in the company.
Green Investment Group launches North American business
The Green Investment Group is continuing its global expansion with the launch of its business in North America.
Advent acquires GE’s distributed power business
GE has signed an agreement to sell its Distributed Power business unit to Advent International for $3.25 billion. T
Langage power plant sold to EPH
Langage power station in Devon, UK, has been sold as part of a £318million deal.
Orsted initiates sale of Danish retail unit
Orsted has announced plans to sell its power distribution and retail sales business in Denmark.