French EDF acquires a 80 % stake in Chinese wind energy firm

12/07/2016 10:35 Renewable


State-owned French energy giant EDF on Tuesday acquired a majority 80 percent stake in Hong Kong-based Chinese firm UPC Asia Wind Management (AWM), growing its presence on the Chinese renewable energy market.

EDF, which did not unveil the value of the deal for the stake in AWM, the local arm of UPC China, already has nuclear activities in China, as well as a presence in thermals and hydraulics. EDF’s partners UPC China and the U.S.-based investment fund Global Environment Fund (GEF) would remain shareholders in UPC Asia Wind with a 20 percent share of the company. Expanding in Chinese renewables sector is a priority for EDF, as the Asian country plans to reach 200 GW in installed wind energy capacity by 2020. By the end of 2014, China already had surpassed the United States as the country with the largest installed base of wind power in the world at 100 GW.

Albania, Kosovo agree to set up common energy market

04/12/2019 09:05:00

Kosovo’s power transmission system operator KOSTT said it has signed an agreement with its Albanian peer OST to set up a common energy market of the two neighboring countries.


Edison to build 760MW gas-fired thermoelectric power plant in Italy

04/12/2019 09:00:00

Italy’s Edison is planning to build 760MW natural gas-powered thermoelectric power plant in Presenzano in the province of Caserta, with an investment of €370m ($408m).


Growth in global carbon emissions slowed in 2019

04/12/2019 08:56:00

A surprise drop in coal use in the United States and Europe has helped to slow the growth of global carbon dioxide emissions this year, with softening demand in China and India also contributing, according to a study published on Wednesday.