Propelled by powerful and complementary forces, the U.S. renewables market is in the early stages of a multiyear period of sustained development and construction activity that may come to be viewed as the golden age of wind and solar power.
Aiming for an economic boost as part of China’s anticipated Silk Road corridor to Europe, the republic of Georgia has picked a local-U.S. joint venture, backed by global investors, to develop a $2.5-billion deep-sea port at Anaklia on the Black Sea.
The Dodge Momentum Index rose 2.4% in January. The monthly increase was the result of a 3.3% increase in institutional projects and a 1.6% increase in commercial work.
China joined the European Bank for Reconstruction and Development (EBRD) this month. The move will open doors for the China Development Bank to co-finance construction projects and also give Chinese contractors access to the continent, analysts said.
Indonesia sprung a surprise on Jan. 28, suspending a $5.5-billion high-speed-rail project that is being implemented by a Chinese company and financed by the China Development Bank.
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