The power industry briefing
The latest news, trends, and data you need to know about this month
News in Numbers
$1.58bn
Altus Power has announced a $1.58bn definitive merger agreement with CBRE Acquisition Holdings, sponsored by CBRE Group.
2025
US-based power company AES has signed an agreement with the Government of Chile to retire 1,097MW of coal power generation by 2025.
4
A tilting wind farm construction rig off the coast of Huizhou City, Guangdong Province, China, has left four people missing.
NOK10bn
The Government of Norway has announced it will allocate NOK10bn ($1.1bn) for a new fund that will invest in renewable energy projects in developing countries over a period of five years.
65GW
The China Photovoltaic Industry Association has said the country expects to add up to 65GW of solar power capacity by the end of the year, bringing its total installed capacity to more than 300GW.
Project updates
Singapore-based company Sembcorp Floating Solar Singapore and the country’s national water agency, Public Utilities Board, have opened the Sembcorp Tengeh Floating Solar Farm at Singapore’s Tengeh Reservoir.
French energy company EDF has announced that it will shut down a reactor at the Taishan Nuclear Power Plant in China’s Guangdong province due to damage to its fuel rods.
Norwegian energy companies Scatec and Equinor have announced that their Guañizuil IIA solar power plant in Argentina has started commercial operations.
UK-based energy company SSE has announced the start of onshore construction works for the Dogger Bank C and Sofia offshore wind farms.
Danish energy company Ørsted has submitted a bid to the Maryland Public Service Commission to build a proposed 760MW offshore wind project.
Further reading
Is the power sector seeing the beginnings of a robotics investment boom?
The power industry is seeing an increase in robotics investment across several key metrics, according to an analysis of GlobalData figures.
Robotics is gaining an increasing presence across multiple industries, with top companies around the world completing more robotics deals, hiring for more robotics roles, and mentioning it more frequently in company reports at the start of 2021.
Read more: Power Technology
