Market News
Water Turbine Market Key Developments:
- On 30th June 2017, General Renewable Energy (General Electric) partnered with Cube Hydro to provide three aerating turbines to Cube Hydro Partners for their High Rock plant in North Carolina. This will be operational from spring 2019. This partnership was signed to increase the company’s presence in the U.S.
- On 25th August 2018, Gilbert Gilkes & Gordon Ltd’s four Francis turbines were installed in the Ghuilbinn Hydro Power Station, located in the Corrour Estate (East Lochaber with the Scottish Highlands). Each of these turbines have a capacity of 666kW and produce more electrical output than all other three schemes combined. This installation helped the company in gaining a prominent position in the European water turbine market.
- In February 2018, Innergex acquired Alterra Power for US$ 1.1 billion. This is Innergex’s one of the largest acquisition which increased the company’s total capacity to 1,609 MW, and further helped the company in accelerating its growth.
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