Switzerland voted on Sunday to start exiting nuclear power generation in favor of renewables energy sources such as solar, wind and hydro, as part of a revised energy strategy, Kallanish Energy reports.
Malaysia’s state-owned utility TNB has concluded the purchase of a 50% stake in a UK’s 365-megawatt solar photovoltaic portfolio from TerraForm, through its wholly subsidiary Vortex Solar UK, Kallanish Energy learns.
The European Commission (EC) said on Monday that the extension of hydro power concessions granted by Portugal to the state utility Electricidade de Portugal (EDP) did not involve state aid, following over three and a half years of investigation.
The UK could have its energy firms nationalized and a full ban on fracking if the Labour Party’s leader Jeremy Corbyn wins the general elections on June. 8, according to a document leaked late on Wednesday.
German’s shutdown of nuclear power generation by 2022 doesn’t pose a risk of blackouts to consumers, but could lead to higher costs if transmission gaps emerge, according to energy regulator Bnetza.
Global wind power installed capacity will go above 800 gigawatts (GW) by the end of 2021, from current 486.8 GW, as the world moves away from power systems centred on a few large polluting plants towards a zero emissions system by 2050, the GWEC said last week.
Swedish-Swiss power technology provider ABB said Tuesday it has supplied 400 string inverters to harvest solar energy in Dubai’s first all-electric city, known as the Sustainable City, Kallanish Energy learns.
EDF Energies Nouvelles said Tuesday it has entered into exclusive talks to acquire a majority stake in France’s onshore wind power developer Futuren, in a transaction estimated at €320 million ($348 million), Kallanish Energy learns from the companies.