EDF Renewables, in late January 2021, revealed plans to develop phase two of the Blyth Offshore Wind Farm in the UK by using floating offshore wind technology. The Blyth offshore wind project is located 0.5 miles off the coast of Blyth, Northumberland, UK. In 2017, the first phase of the wind farm was completed with […]
GE bagged an order in mid-January 2021 to deliver power generation equipment with a capacity of over 1GW for the Tongyeong power plant in South Korea. The Tongyeong combined cycle power plant is owned by Tongyeong Eco Power, an independent power producer in South Korea. As per the contract, GE will supply a couple of […]
RWE Renewables, in late January 2021, announced the installation of the first of the 90 turbines at the 857MW Triton Knoll offshore wind farm in the UK North Sea. The Triton Knoll offshore wind project is being built within the Greater Wash area, more than 32 kilometers off the coast of Lincolnshire. The offshore wind […]
Royal Dutch Shell has reached an agreement with Simply Blue Energy in late January to take part in the Emerald floating wind project in the Irish waters of the Celtic Sea. In this connection, the oil and gas giant will acquire a 51% stake in the Irish marine project developer Simply Blue Energy’s Simply Blue […]
Dutch health technology company Royal Philips has signed an all-cash deal worth $635 million to acquire Capsule Technologies, a portfolio company of Francisco Partners. Based in Massachusetts, Capsule Technologies caters to hospitals and healthcare organizations with medical device integration (MDI) and data technologies. Established in 1997, the company is said to serve more than 2,800 […]
Chicago-based medical technology company Hillrom is acquiring Bardy Diagnostics (BardyDx), a digital health and ambulatory cardiac monitoring technologies provider, for $375 million. Bardy Diagnostics will also be eligible to receive possible payments in the future based on the meeting of certain commercial milestones. Additionally, Hillrom will acquire the net operating losses of Bardy Diagnostics, valued […]
The European Bank for Reconstruction and Development (EBRD) alongside the Global Concessional Financing Facility (GCFF) and the UK’s Foreign, Commonwealth and Development Office (FCDO) has launched the construction of a wastewater pipeline in Amman, Jordan. The wastewater pipeline is expected to ease the pressure on Amman and generate water for irrigation purposes. The Water Authority […]
Lebanon-based Bank Audi sal has agreed to divest its Egyptian subsidiary – Bank Audi sae to UAE-based First Abu Dhabi Bank (FAB) for an undisclosed price. Bank Audi sae was launched following the acquisition of Cairo Far East Bank sae by Bank Audi sal in 2006. The Egyptian bank has 53 branches. Its Lebanese parent […]
Citi, a US-based financial services company, has merged the wealth management teams of its global consumer banking (GCB) and the institutional clients group (ICG) divisions to form a single, integrated platform called Citi Global Wealth. Citi Global Wealth is a wealth management organization that will serve clients across the wealth continuum, ranging from the affluent […]
UK-based business process outsourcing company Capita has been awarded a £700,000 three-year contract extension to manage a shared wide area network (WAN) for East Coast and Hertfordshire Control Room Consortium. The shared network supports Hertfordshire, Lincolnshire, Humberside, and Norfolk fire and rescue services. Through Capita’s WAN, all four fire services can share a common network […]