Xinjiang Goldwind Science & Technology Co., China’s largest turbine maker by revenue, will provide 55 megawatts of equipment for a wind farm in Panama. A joint venture of Goldwind and Spain’s Union Eolica Espanola SL received $71 million in loans to develop the first phase of the Penonome wind farm, the Urumqi, China-based company said today in a statement. Banco Internacional de Costa Rica SA and Banco ...

Anil Ambani-led Reliance Power, which bagged three of the four ultra-mega power projects (UMPPs) in the country due to aggressive bidding , is now seeking tariff increase for all of its plants. The company is learnt to have approached the Central Electricity Regulatory Commission (CERC) to revise the tariff of TilayiaUMPP inJharkhand to Rs 2.25 per unit, more than 25% increase from its original bid price of ...

The companies announced that First Solar will acquire General Electric Co.'s technology for making thin film panels. In return, GE will receive 1.75 million shares of First Solar stock. That represents US$82 million, and 2 percent of First Solar's outstanding shares. First Solar is the world's largest producer of thin-film panels and among the world's largest solar farm developers. GE's thin-film technology ...

Tapping into enormous Nepal’s enormous hydropower potential just got a boost with the government today accepting a $37 million World Bank loan for a power transmission and trade project with India. Finance Minister Shanker Prasad Koirala will sign the loan agreement with the Bank soon, government spokesperson Nepal Madhav Poudel said after the cabinet nod. The India-Nepal Electricity Transmission and Trade ...

Japanese Government officials declared that Tokyo Electric Power Co (TEPCO) will most likely receive support from state funds in order to deal with the worsening crisis at the Fukushima Daiichi plant 220 kilometers (130 miles) northeast of Tokyo. The radioactive water leaks at the nuclear plant that was critically hit by the earthquake and tsunami in 2011 reached the emergency level in the last few days. Ja ...

 NTPC Vidyut Vyapar Nigam (NVVN), the state-run generation utility NTPC's power trading arm, is expected to switch on electricity supply to Bangladesh from September, energizing bilateral economic ties. Bangladesh energy ministry officials on Wednesday handed over documents guaranteeing payment for the power to be purchased to NVVN chief executive N K Sharma in Dhaka. This paves the way for beginning of pow ...

Japanese refinery and energy giant JX Nippon Oil and Energy Corporation (JX Energy) is scheduled to build three solar power plants with a combined capacity of 17MW in the Akita, Fukushima and Okinawa regions of Japan. The Fukushima and Akita power stations will be 1MW and 4MW respectively. Both are in the north of Japan. Okinawa, where the third 12MW station will be constructed, is the southernmost prefectu ...

The Saudi government  has set aside around $7 billion to spend on water sector-related projects this year, and this is expected to go up as more projects are in pipeline. Desalination and wastewater treatment projects specially , Kuwait Financial Centre (Markaz) said in its report on Saudi water sector. The report noted that Saudi Ministry of Water and Electricity has already pointed out that around $133 bi ...

The automotive pioneers with hydrogen fuel cells were Mercedes in Germany and Honda in Japan. This power unit of the future has had so many false starts that we now treat all claims that production is about to begin with scepticism. Recent developments in the evolution of the FCEV (Fuel Cell Electric Vehicle) have included Honda joining forces with General Motors, Toyota linking with BMW, and a three-way co ...

While most Indian states suffer from acute power shortage, Himachal Pradesh, strangely, is facing an uphill task in disposing of its surplus electricity in the country's two operational power bourses. The reason: a majority of state electricity boards are cash-strapped and prefer to resort to outages, euphemestically called load shedding, than buying electricity to meet the peak demands. "Most of the electr ...