American conglomerate General Electric said last week it had completed the $1.65 billion acquisition of LM Wind Power, a Denmark-based technology developer/manufacturer of rotor blades for the wind industry.
The UK government announced on Thursday the sale of its Green Investment Bank (GIB) to a Macquarie-led consortium for £2.3 billion ($2.94 billion), making a “substantial profit” out of the privatization, Kallanish Energy reports.
Norway’s independent power producer Statec Solar has signed 25-year power purchase agreements (PPAs) with the government of Egypt for the supply of 400 megawatts, though six new solar power plants, Kallanish Energy learns from the company.
Australian bank Macquarie committed on Thursday to target £3 billion ($3.84 billion) of new investment in green energy projects in the UK over the next three years, either directly or by arranging capacity from other investors, Kallanish Energy reports.
Norwegian and Swedish authorities agreed that Sweden may extend a joint subsidy scheme for the development of renewable energy, targeting to add another 18 terawatts hour (TWh) capacity by 2030, while Norway will keep its current target of 13.2 TWh by 2020.
France’s Total and its U.S. affiliate SunPower have started up their first solar power plant in Japan in partnership with local egg farming firm ISE Group, Kallanish Energy learns from the companies on Wednesday.