GE has said that its Belfort factory in eastern France which it acquired when it bought Alstom, where the US group is planning 1,000 job cuts, will not close down. And it says it will look at building aeronautical parts at the site. GE said that Belfort’s sales of gas turbines had halved between 2017 and 2018 and the group was struggling to remain competitive. Sources at ReNew Power have confirmed to the Daily Economic Times in Indian that it plans to raise $300 million in fresh equity funding through a rights issue. The company’s major investors including Goldman Sachs, Canada Pension Plan Investment Board, and Abu Dhabi Investment Authority; are expected to pump additional funds into the company. It…