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Latest Contracts and deals Update
TEPCO and Ørsted are to form a joint venture company, Choshi Offshore...
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Fortum’s majority investment in Uniper cleared
The Russian Federal Antimonopoly Service has informed Fortum that the company does not need a merger clearance decision for closing its majority transactions on Uniper SE shares.
MHI Vestas wins 300 MW Taiwan contract
MHI Vestas has been selected as the preferred turbine supplier for the 300 MW Zhong Neng offshore wind farm in Taiwan.
YEKA production line poised to start
A Siemens-Türkerler-Kalyon consortium is preparing to launch operations at a nacelle production facility in Turkey.
UK universities clinch PPA deal
Twenty UK universities have joined together to agree a £50 million renewable energy power purchase agreement (PPA).
Ovo seals SSE retail deal
Ovo Energy is set to become the second-largest energy supplier in the UK after closing a deal to buy SSE Energy Services, the retail arm of SSE.
Commission approves RWE-E.On deal
German utility E.On says that it will “swiftly” integrate Innogy into its business following the approval of a complex merger deal between RWE and E.On by the European Commission.
Alpiq offloads Czech coal plants
Swiss energy firm Alpiq has sold two coal-fired power plants in the Czech Republic to the Sev.en Group.
OPRA in new partnership with AFGlobal
OPRA Turbines has entered into an agreement with AFGobal for the American market.
PPC receives bids in bailout sale
A tender for the sale of three coal-fired power plants in Greece has attracted six expressions of interest.
Orsted halts the sale of its distribution business
Orsted has discontinued the sale of its Danish Power distribution business following the decision by the country’s government to withdraw its support for the move.
Hitachi to acquire ABB's power grids business
Hitachi is to acquire ABB’s power grids business for an after-debt consideration of US$ 6.4 billion.
Vestas wins 442 MW order
Xcel Energy has placed an order with Vestas for 442 MW of wind turbine capacity for installation in a number of projects in the USA.
Sembcorp swoops on UKPR
Singaporean industrial firm Sembcorp has reached an agreement to acquire UK Power Reserve (UKPR), a UK-based flexible energy generator.
Alstom and GE to implement joint venture options
Alstom and GE have signed an agreement relating to the implementation of agreements from 2015 regarding the intended exit of Alstom from three energy Joint Ventures.
Aquila targets energy transition with new fund
Investment firm Aquila Capital has launched a new investment fund targeting assets that are essential to Europe’s energy transition.
Denham and Themis join forces for investment
Denham International Power and Themis have joined forces to create a new platform for investing in natural gas and renewable power generation assets in Africa.
EDF Polish sale approved
Authorities in Poland have approved the purchase of EDF’s Polish assets by power firm PGE, subject to certain conditions.
Enel and E.On test blockchain trading
European utilities Enel and E.On say they have traded electricity for the first time via a new marketplace that uses blockchain technology.
Karpowership places large engine order
Turkish energy company Karpowership has placed an order with MAN Diesel & Turbo for a total of 38 type 51/60 engines.