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World Bank pulls out of Kosovo coal project

The future of a planned 500 MW coal-fired power plant is in doubt after the World Bank said it would not provide funding for the project.

Statkraft sets out renewable targets

Statkraft says it will invest around NOK10 billion ($1.2 billion, €1 billion) per year up to 2025 to strengthen its position as a leading renewable energy company.

Aquila targets energy transition with new fund

Investment firm Aquila Capital has launched a new investment fund targeting assets that are essential to Europe’s energy transition.

Neart na Gaoithe seeks equity partner

Mainstream Renewable Power has started the selection process for an equity partner for the £2 billion Neart na Gaoithe (NnG) offshore wind farm.

Map of renewable curtailment and coal asset risk in China

Bloomberg New Energy Finance is predicting that China’s power system will face serious challenges in the next few years caused by overcapacity, and has created a predictive tool, the ‘China Renewable Curtailment and Coal Stranded Assets Risk Map’.

ABB to acquire GE Industrial Solutions

ABB is to acquire GE Industrial Solutions, GE’s global electrification technology business, for a consideration of $2.6 billion.