BrightSource Energy Inc, which is developing solar thermal power plants in the California desert, has raised more than $80 million in equity financing six months after cancelling a planned initial public offering at the last minute. Alstom SA contributed $40 million to the financing round, bringing its stake in the Silicon Valley start-up to more than 20%, the French power equipment maker said in a statemen ...

In one swift move, Korean business conglomerate Hanwha Group has officially positioned itself as the third largest solar manufacturer in the world. With the purchase of bankrupt solar cell manufacturer Q.CELLS, the newly launched entity now claims ownership of a total of 2.3 GW of manufacturing capacity across Germany, Malaysia and China. That multinational position also puts Hanwha in the unique position o ...

IBM today announced the launch of the Smarter Energy Research Institute, a new industrial research collaboration model aimed at accelerating innovation across the global energy and utilities market. Hydro-Québec (Canada), Alliander (Netherlands) and DTE Energy (USA) join as the first members. The Smarter Energy Research Institute is a new collaboration between corporate research and the energy and utilities ...

China’s second round of shale-gas auctions attracted 152 bids from 83 companies, as the nation allowed non-state entities to participate in the sale for the first time. Nineteen of the 20 blocks offered in today’s auction received at least three bids, the minimum required for a block’s auction to proceed, according to a statement posted to the website of the Ministry of Land and Resources today. A block, wh ...

Infrastructure financing and project development firm IL&FS (Infrastructure Leasing & Financial Services Ltd) is working on setting up a power plant with a capacity of 4,000MW in Gujarat, government sources said. The project, scheduled to start in June 2017, would be the single-largest generation power project in the country and equal the Centre's showcase ultra-mega power projects (UMPPs) being set ...

The Kolkata Port Trust (KoPT)'s efforts to get shippers to transload dry bulk cargo from mother vessels at the anchorage in Sandheads suffered a major setback on Thursday after a ship, loaded with nearly 74,000 tonnes of imported thermal coal for the National Thermal Power Corporation (NTPC)'s power plants at Farakka and Kahalgaon, decided to sail to the private port of Dhamra in Odhisa's northeastern coast ...

The world’s largest private utility company, GDF Suez, has opened two new offices in Indonesia to expand its growing local business. GDF Suez Energy Asia CEO Willem van Twembeke said in Jakarta on Wednesday that the new offices – GDF Suez Energy Indonesia and GDF Suez Exploration and Production International — were opened to better tap Indonesia’s rich natural resources. “We consider Indonesia an extremely ...

Reliance Power's Sasan ultra mega project expansion plans face hurdles as Ministry of Environment and Forests (MoEF) has sought additional information from the company stating the proposal in the current form is pre-mature. Sasan Power Ltd, which is implementing Rs 9,805 crore- 6x660 MW Sasan Ultra Mega Power Plant (UMPP), had approached the ministry seeking clearance for the expansion of the project by 3X6 ...

Hydrokinetic power developer Ocean Power Technologies Inc. has received a US$900,000 contract from Japan's Mitsui Engineering and Shipbuilding to further develop its buoy generation system for application in Japanese sea conditions. OPT says the contract will allow it to continue analysing methods of maximizing its PowerBuoy units through modelling and wave tank testing. Enhancements developed in conjunctio ...

South Korean builder SK Engineering and Construction and state-run Korean Western Power have won a $1.0 billion deal to build and operate a hydropower plant in Laos, an official said on Tuesday.Under the deal with the Laotian government, SK Construction will build three dams and a hydropower plant at the Mekong River in the southern plateau of Bolaven by 2018, an SK Construction spokesman said. The Xe-Namno ...