EVN Macedonia commissions Skopje’s first substation in 40 years
It is the first energy infrastructure of its kind built in Skopje and even in the broader region, EVN said
GE plans layoffs in its onshore wind sector
General Electric is preparing to reduce headcount in its onshore wind segment as part of restructuring measures and adjustment of business activities
EPBIH ready to continue construction of Tuzla 7 coal project
The coal-fired unit project has been stalled for almost a year after General Electric decided not to supply the equipment.
HSE, TEŠ receive EUR 261 million settlement from GE for TEŠ unit 6
The deal is related to Alstom Power’s involvement in the construction of TEŠ unit 6. GE acquired Alstom’s power businesses in 2015.
IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
GE completes Fokida wind farm in Greece
GE has completed its first wind farm project in Greece. The Fokida wind farm is the first of a series of three wind farms GE is constructing for Nostira Renewable Energy, which has a 20% stake in the Fokida project, according to GE’s website. The Fokida wind farm is located in central Greece along the […]
DEG has acquired 10 percent stake in Čibuk 1 wind farm in Serbia
DEG – German development finance institution and a subsidiary of KfW Group has acquired a 10 percent equity interest in the 158 MW Čibuk 1 wind park in Serbia and joined two other investors in what is set to be the largest wind farm in Serbia. The wind farm, due to be completed in 2019, […]
GE Renewable Energy signs 10 year service agreement with Fina Enerji
The GE Renewable Energy company and Turkish Fina Enerji signed a full service agreement covering 150 GE wind turbines in nine wind farms. This is the first agreement of its kind signed by Fina and covers a 10 year period with a two year trial period for GE’s Digital Wind Farm solutions powered by the […]
