Siemens Gamesa Renewable Energy (SGRE) unveiled Thursday its three-year strategic plan to become a global leader in renewables development, setting a €2 billion ($2.5 billion) savings target by 2020, Kallanish Energy reports.
Europe reached another record year for wind power in 2017, with new deployments growing 20% year-on-year, as further cost reductions and increased competition in auctions gave investors more capacity for less cash.
Italian oil major Eni said on Tuesday it plans to invest in two renewable power generation projects in Ghana, where its subsidiary operates two offshore blocks and one exploration licence, Kallanish Energy learns.
German utility firm E.ON announced on Tuesday an innovation in solar photovoltaic (PV) power generation that will “stir up” the energy market, proving technology enabling solar power supply without battery.
British oil major BP said Tuesday it has invested $5 million in a U.S.-based manufacturer of mobile electric vehicle (EV) rapid charging systems, FreeWire Technologies, seeking to the be the fuel retailer of choice even if not oil and gas.
Japan’s Kyocera Corporation and its partners announced last week five new companies, including Thailand’s SPCG Public Company, have joined a $1.8 billion solar power project in Nagasaki, Japan, Kallanish Energy learns.