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OPEC Chief Stresses Energy Cooperation With China
Hydrogen Fuel Cell
03-11-2020
Volvo & Daimler Launch Fuel Cell Joint Venture
The Volvo Group and Daimler Truck AG have signed the binding agreement to establish the announced joint venture for the development, production and marketing of fuel cell systems ready for series production.
Energy Investment
03-11-2020
Mozambique Gets $50m from OPEC Fund to Support Energy Access
Mozambique will benefit from a loan of $ 50 million from the OPEC Fund, in support of its policy of promoting access to energy.
Market Analysis
03-11-2020
UAE Unveils $1.7bn Sustainability Initiatives for Dubai
United Arab Emirates unveiled its new environmental and sustainability initiatives worth AED6.6bn in Dubai.
Energy Investment
02-11-2020
Telangana Aims to Attract $4-billion Investment in E-Mobility Sector by 2030
Telangana is planning to attract $4 billion investments in the state and create employment for 120,000 persons by 2030 through electric vehicles in shared mobility
31-10-2020
Enphase Energy Beats Revenue Guidance on Back of ‘Significant Improvement’ in Global Demand
Enphase Energy exceeded its revenue guidance in the third quarter as microinverter shipments rebounded strongly on the back of a “significant” improvement in global demand.
31-10-2020
Orient Electric Q2 Net up Six-Fold to Rs 32.42 cr
Orient Electric has reported an over six-fold jump in its net profit to Rs 32.42 crore in the second quarter ended September 30, helped by lower expenses.
Coal Mine
30-10-2020
ANZ Bank to Stop Funding Coal Mines & Power Plants
ANZ Bank has unveiled plans to adopt a net zero emissions test for loans, and to set a 2030 exit date for all direct investment in thermal coal mines and power stations.
Dominica
30-10-2020
Dominica Government to Promote the Development of Digital Economy
The Fourth Session of the First Session of the Tenth Parliament of Dominica on the 26th approved a government loan of 77.49 million Canadian dollars to promote the development of the digital economy.
Wind Power Company
30-10-2020
Vestas to Acquire Full Control of Offshore Turbine Business
The Danish manufacturer will buy out MHI’s stake in an offshore JV and says its new turbine platform will be launched soon.
30-10-2020
US DOE Coal FIRST Initiative Invests US$80 Million in Net-Zero Electricity and Hydrogen Plants
When fully negotiated and awarded, it is estimated that approximately US$80 million in federal funding will be provided to these projects.
Energy Investment
29-10-2020
Australia’s Largest Solar Farm to Progress as Neoen Completes AU$600m Financing
What stands to be Australia’s largest solar farm at 460MWp can now progress after Neoen finalised a financing package for it.
United Kingdom
28-10-2020
EDF Launches New Set of Emojis to Help Brits Discuss Climate Issues
UK utility EDF has launched a new collection of emojis to help the public to discuss net-zero and other climate change related topics.
Sweden
28-10-2020
Vattenfall Records Q3 Fall in Wind Profits
Swedish energy company cites lower availability of offshore wind power and lower electricity prices.
Energy Investment
27-10-2020
Gov’t Approves $575m Sale of Tullow Oil Plc Assets to Total
Tullow Oil plc has revealed that the Uganda and the country’s tax body, the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the pre-agreed principles on the tax treatment of the sale of Tullow’s Ugandan assets to Total.
Singapore
27-10-2020
Singapore Earmarks $49m for Hydrogen, CCUS
Singapore has earmarked $49m to fund research, development and demonstration projects in hydrogen and carbon capture, utilisation and storage over the next five years.
Wind Farm
26-10-2020
Greencoat Renewables Adds Irish Wind Asset
he An Cnoc project has been acquired featuring five Enercon E70 turbines
United Kingdom
26-10-2020
UK Electrolyser Crew Raises £165m War Chest
UK hydrogen electrolyser manufacturer ITM Power has raised £165m through a share offering that will be used to accelerate the company's manufacturing capacity and invest in the group’s operational capabilities.
25-10-2020
Schneider Electric ups 2020 Revenue Forecast as Q3 Returns to Growth
French electrical equipment group Schneider Electric SE raised its 2020 revenue and margin forecasts on Thursday, citing a better-than-expected third quarter helped by pent-up demand and distributors restocking.
Hydropower Plant
25-10-2020
Hydro-Québec to Invest in Carillon Generating Station Refurbishment
Canadian public utility company Hydro-Québec has announced an investment of C$750m ($570m) to refurbish its Carillon power generating station.
Hydrogen Fuel Cell Vehicle
23-10-2020
Riversimple Opens £150m Funding Raise for Hydrogen Vehicles
Riversimple has revealed plans to raise £150m over the next three years to fund the manufacture of two hydrogen-powered vehicles.
Digital Energy Transformation
23-10-2020
DNV GL Launches Digital PPA Tool
DNV GL has launched a digital power purchase agreement tool to help corporate buyers source renewable electricity supplies.
Oil Field
22-10-2020
Suncor May Sell Stake In North Sea Oilfields
Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin.
Spain
22-10-2020
Iberdrola Buys US Utility in $8.3bn Deal
Spanish energy company Iberdrola is acquiring the primary electric utility in New Mexico in a deal valued at around $8.3 billion.
Market Analysis
21-10-2020
Green Bonds Market Passes $1 Trillion Milestone Amid Global Turmoil
The green bonds market has passed its greatest milestone by reaching more than $1 trillion in issued bonds since the mechanism emerged in 2007.
SMR
21-10-2020
USDOE Approves $1.355bn Funding for NuScale’s SMR Project
The US Department of Energy has approved a $1.355bn funding vehicle to Utah Associated Municipal Power Systems.
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