Contracts and deals - Page 1Stay up to date with the latest Contracts and deals updates from the global modern power systems industry
Latest Contracts and deals Update
OPRA Turbines has entered into an agreement with AFGobal for the...
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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.
STEG signs EPC contract
Société Tunisienne de l'Electricité et du Gaz (STEG) has signed an EPC contract with Mitsubishi Hitachi Power Systems and Sumitomo for the construction of a 450 MW gas-fired...
Sterling & Wilson wins Sweihan contracts
The Abu Dhabi Water and Electricity Authority (ADWEA) has awarded India’s Sterling and Wilson two contracts for the Sweihan solar power project.
The European Commission is investigating EDF-Areva deal
The EU’s antitrust (monopolies) regulator, the Commission for Competition, is investigating French utility EDF's bid for a majority stake in Areva's nuclear arm.
State Grid confirms CPFL deal
China's State Grid Corporation says it is to buy a majority stake in CPFL Energia, one of Brazil's largest privately-owned power generation and distribution companies.
Vattenfall sells German lignite operations
Vattenfall has signed an agreement worth SEK33 billion to sell its lignite operations in Germany to Czech firm EPH.
Power industry deal value continues to decline
The global power industry saw 2855 deals worth just over $610 billion occur in 2015, representing a decrease of 17% in the number and 8% in deal value compared to 2014.
E.On, RWE sell Enovos stakes
Luxembourg and investment company Ardian have signed an agreement with E.On and RWE to purchase the German utilities' shares in Enovos International.