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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting
Indonesia Bags $500m Loan for Energy Sector, Green Recovery
The loan was approved by the Asian Development Bank.
Net Zero Emission
ANZ Earmarks $67 Bln to Accelerate Net Zero Transition
Australia and New Zealand Banking Group Ltd said on Friday it had earmarked A$100 billion ($67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero.
Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus
Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economic risks are increasing as high inflation.
Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle
An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backing of the leftist ruling coalition and several regional parties.
EDF Could Lose 5 Bln Euros from France's Windfall Tax -Les Echos
A planned French windfall tax on energy companies' profits during Europe's current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion euros ($5.20 billion) next year, newspaper Les Echos reported on Thursday.
Volatilia, Uzbek Gov’t to Develop up over 400MW Renewables
It will be divided into solar, wind, and battery storage.
UK’s Ofgem Says Household Energy Bills to Rise to Nearly $5,200/Year
British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21% to 4,279 pounds ($5,170.74) a year from January to the end of March 2023.
Statkraft Signs 366MW Irish Power Play With Microsoft
Renewable power will come from three wind and three solar projects located across the country
Dismantling Old North Sea Wells Could Cost £20BN
It is estimated around 2,100 wells in the North Sea will be decommissioned over the next decade
Israel’s Econergy Secures €250M Investment for Renewable Projects
The investment will be provided by RGREEN INVEST.
Markets Regulator Clears French Bid to Nationalise EDF Utility
French markets regulator AMF said on Tuesday it had cleared the French state's buyout bid, marking an important step in its plan to fully nationalise the loss-making nuclear utility.
German Finance Ministry Wants 33% Windfall Tax on Energy Firms - Die Welt
Germany's finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesday.
Italy’s A2A Scales Down Investments to 16 Bln Euros by 2030 to Cut Carbon Footprint
Italy's largest regional utility A2A on Tuesday scaled back its investments aimed at cutting its carbon footprint, as volatility in energy markets prompted the company to rethink investment plans.
Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns
North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the ageing basin and could cut output just as Britain seeks to boost domestic production.
Saudi Aramco Signs Agreements Worth $11BN With Manufacturers
The move could create 5,000 jobs in Saudi Arabia over the next decade
Shell Reviews £25BN UK Investments Plan Because of Windfall Tax
The government recently extended the money raising measure
Masdar and Jordan’s Ministry of Energy Explore 2GW of Renewables Projects
Renewable energy company Masdar has signed a Memorandum of Understanding (MoU) with Jordan’s Ministry of Energy and Mineral Resources to collaborate on the development of up to 2GW of renewable energy projects.
U.S. Vice President Harris Announces $20 Million New Clean Energy Funding for Mekong Region
U.S Vice President Kamala Harris announced $20 million in new funding for clean energy projects in the Mekong region, during the last day of her tour of Thailand on Sunday following a regional summit.
France Spends 8.4 Billion Euros to Help Companies With Energy Bills
France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas prices and help them compete with German businesses, its finance minister said on Saturday.
New Italian Government’s Budget to Boost Spending to Fight Energy Crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the impact of high energy prices while postponing some of its most lavish election promises.
Biogas Producers Amp Americas, BerQ RNG up for Sale -Sources
The owners of two North American renewable natural gas (RNG) producers have put them up for sale, after new U.S. tax incentives and recent big investments in the sector gave hope they can cash out for top dollar, people familiar with the matter said.
Israel’s Econergy Secures 250 Mln Eur Financing for Renewable Projects
Israel's Econergy Renewable Energy has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investments in renewable energy projects across Europe, the firm said on Friday.
Czech Lawmakers Back $3.4 Billion Power Revenue Cap Plan
The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden of soaring prices on households and businesses.
EIB Approves €4bn in Clean Energy Investment
The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enhance energy efficiency and increase renewable energy sources across Europe.
Just Transition Support Platform for Developing Countries Launched
This forms part of the ADB’s commitment to ensure build capacity of developing countries.
Most views from Energy Economy
Offshore Wind Giants Target Australian Tender
First Gen Subsidiary Wins Bid for Casecnan Hydropower Plant
Totalenergies Potentially Interested in Acquiring Akuo
UAE’s Mensha Ventures and China Join Forces to Invest $1BN in GCC Sustainable Projects
Verano Energy Continues to Add Projects to Its Growing Portfolio in Latin America With the Purchase of 296 MWP in Colombia
Indian Utility Launches 13.8 GW Pumped Storage Tender