Company news - Page 3

Stay up to date with the latest Company news updates from the global modern power systems industry

Volkswagen to become an electricity supplier
Friday, January 11, 2019 by Volkswagen is establishing a new group company to sell energy offerings and charging solutions to the domestic and commercial markets.

Orsted sets out new green goals
Wednesday, December 05, 2018 by Danish energy giant Orsted has set out new, ambitious goals for its business future.

Rice returns
Monday, November 26, 2018 by GE has announced a new senior management team for its power segment, which is being reorganised into two businesses.

Orsted acquires Deepwater Wind
Tuesday, October 16, 2018 by 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
Tuesday, October 16, 2018 by 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
Monday, October 08, 2018 by 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
Friday, August 31, 2018 by 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
Wednesday, August 22, 2018 by 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
Wednesday, August 22, 2018 by 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
Wednesday, August 22, 2018 by 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
Tuesday, August 14, 2018 by 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
Tuesday, August 14, 2018 by Mercedes-Benz has signed the first corporate renewable power purchase agreement in Poland.

BioTherm closes renewables projects in South Africa
Tuesday, August 07, 2018 by 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
Tuesday, August 07, 2018 by 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
Wednesday, August 01, 2018 by 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
Tuesday, July 31, 2018 by 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
Wednesday, July 18, 2018 by 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
Tuesday, July 10, 2018 by 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
Tuesday, July 03, 2018 by GE has signed an agreement to sell its Distributed Power business unit to Advent International for $3.25 billion. T

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