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Australia’s Government Invests AU$125m Towards Grid Infrastructure for Snowy 2.0 Pumped Hydro
Petronas Posts Nine-Months Loss
Malaysian energy giant Petronas posted a loss for the nine months of 2020.
Repsol to Invest €5.5bn in Low Ccarbon Generation
Oil and gas player unveils spending as part of ‘strategic plan to accelerate energy transition’.
India’s Renewable Power Capacity is the Fourth Largest in the World, Says PM Modi
He added that by 2022, the share of renewable capacity will increase to over 220 GW
China Hits 26 per cent of 2020 Target for U.S. Energy Imports under Trade Deal
China has accelerated imports of crude oil, propane and liquefied natural gas from the United States since July.
Mitsubishi to Invest in Green Hydrogen, Green Ammonia in Australia
Green hydrogen and green ammonia are the next-generation clean energy which produce no carbon emissions either in the production or combustion stages.
Doosan Heavy Becomes Largest Shareholder of Doosan Fuel Cell
Doosan Fuel Cell shareholders, including group Chairman Park Jeong-won, seeded a 23 percent stake in Doosan Fuel Cell to Doosan Heavy Industries & Construction to improve the latter company's financial structure.
Offshore Wind Power
Equinor and Partner Reach Financial Close on World’s Biggest Offshore Wind Farm
Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the first two phases of the project, representing in aggregate the largest offshore wind project financing to date globally.
RCEP Reaffirms Shift in World’s Economic Power Center
Trade is a natural extension of not being self-sufficient, and specialization through trade enhances the efficient production of goods and services that people need.
Shanghai Electric and Siemens Energy to Establish Smart Energy Empowerment Center
The cooperation aims to build a smart energy empowerment center that can serve domestic and global energy industries.
Enel to Invest 160 bln Euros by 2030 in Clean Energy Drive
ENEL-PLAN/ (UPDATE 1)UPDATE 1-Enel to invest 160 bln euros by 2030 in clean energy drive.
GeoPark Announces Agreement to Sell 10% Working Interest in the Manati Gas Field in Brazil
The total consideration of the transaction amounts to R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is subject to obtaining certain regulatory approvals.
BP Sells London HQ for Nearly $332 Million
Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.
China State Grid Further Inroads into Chile’s Electricity Distribution Sector
Spanish energy company Naturgy’s 96.04% stake in CGE will cost State Grid €2.57 billion payable in cash once the transaction is completed, which is expected before the end of February 2021.
Full Text: Keynote Speech by Chinese President Xi Jinping at APEC CEO Dialogues
Chinese President Xi Jinping on Thursday delivered a keynote speech via video at the APEC CEO Dialogues
China's SPIC Buys Mexican Renewable Power Firm Zuma Energia
China's SPIC has completed its purchase of Mexico's largest independent renewable power company Zuma Energia, SPIC said on Thursday, furthering goals to increase its overseas and green generation capacity.
Electric Vehicle Charging
Total Completes Acquisition of 2k EV Charging Stations in Germany
Global energy company Total has completed the acquisition of some 2,000 electric vehicle charging points in Germany.
Xi Touts China's Huge Economy as Base of Free Trade in APEC Speech
President Xi Jinping pegged China as the pivot point for global free trade Thursday, vowing to keep his "super-sized" economy open and warning against protectionism in a global economy eviscerated by the Covid-19 pandemic.
China-Japan-SK FTA to Speed up with RCEP Push
A higher level trilateral free trade agreement among China, Japan and South Korea is likely to be reached sooner than expected.
Regional Comprehensive Economic Partnership and India
The deal was introduced during the 19th Asean meet held in November 2011. The RCEP talks started during the 21st Asean Summit in Cambodia in 2012 and was signed on November 15, 2020.
‘Blockchain for Energy’ Consortium (Re)Launched
The oil and gas operators blockchain consortium has rebranded as the Blockchain for Energy consortium.
Solar Power Plant
CrossBoundary Energy Raises $40m to Grow C&I Solar Projects in Africa
CrossBoundary Energy has announced the exit of its first fund at a 15% net internal rate of return to investors.
China Stresses Importance of Implementing RCEP Trade Pact
The State Council, China's cabinet, on Wednesday stressed the importance of domestic efforts to put the Regional Comprehensive Economic Partnership (RCEP) into practice as scheduled.
Singaporean Green Tech Firms Envision Digital, T-RECs.ai to Launch First RECs Ecosystem
The project will lessen RECs acquisition time from three months to a week.
CIP and Forestalia to Invest in Wind Farm Portfolio in Aragon, Spain
Copenhagen Infrastructure Partners (CIP) and Forestalia have agreed to invest in a portfolio of 27 onshore wind farms under development in Spain.
Biden Says U.S., Allies Need to Set Global Trade Rules to Counter China's Influence
U.S. President-elect Joe Biden said on Monday the United States needed to negotiate with allies to set global trading rules to counter China’s growing influence but declined.
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