Friday, April 3, 2026

Business - Page 15

Hitachi Energy to invest $70M in Türkiye to expand transformer ops

Hitachi Energy will invest $70 million in Türkiye to expand its transformers manufacturing capacity, the Swiss-based supplier of power technology and electrification announced on T...

US, Turkish firms ink $350 million nickel supply agreement

U.S. firm Westwin Elements, operating the country's first major nickel refinery, announced this week it has signed its first binding commercial agreement with Golden Age Free...

Türkiye says nuclear energy no longer dream but economic necessity

Energy and Natural Resources Minister Alparslan Bayraktar on Friday said Türkiye has growing needs for reliable and clean power, stressing that nuclear energy was no longer just an...

Türkiye could bypass grid constraints with hybrid solar power: Report

Türkiye could bypass grid bottlenecks and make solar its primary source of power by tapping into 8 gigawatts (GW) of hybrid capacity without new infrastructure, London-based think...

Wind, solar saved Türkiye $12 billion in energy imports in 2024

Electricity generated from wind and solar energy helped Türkiye curb $12 billion (TL 474.47 billion) in energy imports last year, Halil Demirdağ, head of the Solar Energy Industria...

Oil prices tick up again as Israel-Iran conflict spurs uncertainty

Oil prices climbed again on Tuesday amid concerns that the conflict between Israel and Iran may intensify, raising the risk of further unrest and the potential disruption of oil su...

‘Overvoltage’ triggered major April blackout, Spain says

Spanish government on Tuesday said the huge power blackout that paralyzed the Iberian Peninsula in April was caused by “overvoltage” on the grid which triggered a “chain reaction”....

EIB pledges $1.84B for France-Spain power link after blackout

The European Investment Bank (EIB) on Monday announced 1.6 billion euros ($1.84 billion) of fresh funding for a major electricity interconnection between France and Spain, fulfilli...

ADNOC leads $18.7 billion takeover bid for Australia’s Santos

A consortium led by Abu Dhabi's state-owned oil firm has made a $18.7 billion takeover bid for Australian energy group Santos as it seeks to build a global natural gas giant,...

Türkiye’s wind power capacity hits 13,391 MW, soars 177% in decade

Türkiye's installed wind power capacity has reached 13,391 megawatts (MW) as of May, the Energy and Natural Resources Ministry said on Sunday on the occasion of Global Wind Da...

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