Economic slowdown pushes global power and utility M&A deals into steep dive
According EY, the M&A market is down 80% to $20.6 bn in Q1 from a record high of $97 bn in the same period last year
Piramal, Canada pension plan launch $600 mn renewable energy fund
CPPIB will contribute $360 million and Piramal will provide financing of $90 million to the renewable energy fund
Siemens ‘can win large part’ of $14 bn Iraq electricity deals
Siemens plans to increase Iraq’s power production capacity by 50% by building new plants and upgrading existing ones
Dewa M-Station project is the largest power and desalination plant in UAE
The project’s extension in Jebel Ali cost Dh1.527 billion and has new generating units with a total capacity of 700MW
Fiat partners with Tesla to meet European Union emissions target
The new target expects all cars sold in the European Union to reduce carbon-dioxide emissions from 130 grams per kilometer to 95 grams by 2021
Renewable energy accounts for a third of global power capacity, IRENA says
The annual increase of 7.9 percent was bolstered by new additions from solar and wind energy, which accounted for 84% of the growth
Vestas leads among four big turbine makers
Global commissioning of onshore wind turbines declined 3% in 2018, partly due to a slowdown in India and Germany—with growth expected to bounce back in 2019 resulting in32% jump to 60GW
IFC invests to support renewable energy investments in Asia Pacific
IFC’s investment anchored a $300 million green bond, attracting interest from international and Philippine institutional and bank investors
Total’s discovery in South Africa will re-energise stalling gas industry, says GlobalData
Following the news of a major gas discovery in South Africa by Total SA, Jonathan Markham, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the find and the industry in South Africa
New infrared heating system to radically cut electricity costs and reduce emissions worldwide
Saiterm vows to revolutionise the global heating market with their eco-friendly infrared Spring technology
UK’s energy infrastructure adopts drones and AI
“That [the AI] will determine the overall condition of the asset and whether it needs to replaced or repaired," says John Pettigrew, National Grid’s chief executive