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Add-on Device Makes Home Furnaces Cleaner, Safer and Longer-Lasting
Indonesia to Get $20B Under Just Energy Transition Partnership
The country’s plans include peaking the power sector’s total emissions by 2030.
Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, the company said on Thursday.
Egypt Exceeds Expectations With $83BN in Green Energy Deals at COP27
Suez Canal Economic Zone finalises nine agreements with international companies.
Siemens Energy Won’t Pay Dividend as Siemens Gamesa Challenges Weigh
Siemens Energy on Wednesday said it would not pay a dividend for 2022, citing a widening net loss and challenges related to its struggling wind turbine division Siemens Gamesa.
US Launches $50M Pilot to Help Non-profits Make Critical Energy Upgrades
Organisation can purchase materials and implement building upgrades to decrease utility costs and help reduce carbon emissions in commercial buildings.
Net Zero Emission
Alliance Launches to Accelerate Green Infrastructure Finance in Africa
The African Union, the African Development Bank and Africa50 together with several global partners launched a multi-billion alliance for green infrastructure.
UK Unboxes £65m Clean Tech Investment at COP27
The new funding aims to make clean technologies accessible and affordable to developing countries.
UK Considering Big Increase in Energy Windfall Tax, Sources Say
British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries to find ways to repair the country's public finances.
German Budget Experts Push for Dividend Ban Tied to Energy Subsidies
Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas or electricity price subsidies.
Global Investment Firm KKR Invests $400m in India’s Serentica Renewables
Serentica Renewables seeks to enable the energy transition by providing clean energy solutions for energy-intensive, hard-to-abate industries.
IRENA’s Energy Transition Platform Bags $1b Investments
The platform aims to ramp up funding for renewable projects in developing countries.
RWE and Koehler Paper Sign Green Power Agreement
RWE Supply & Trading and Koehler Paper have agreed on a long-term green power supply of up to 175,000MWh per year.
Brookfield Bets $11.8 Billion on Australia’s Energy Transition
Brookfield Asset Management has led a consortium that looks set to acquire Australian utility Origin Energy for some $11.8 billion, a move that is seen as a way to access big opportunities in Australia’s clean energy transition.
AIIB, GEAPP to Invest $1b for Energy Transition Projects
They will identify co-financing opportunities in both the public and private sectors.
Show Us the Money: Developing World at COP27 Seeks Financing Details
Finance took centre stage at the COP27 climate talks on Wednesday, with U.N. experts publishing a list of projects worth $120 billion that investors could back to help poorer countries cut emissions and adapt to the impacts of global warming.
Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years.
India's First Green Bonds to Fund New Climate Finance Projects
The Indian government's first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects.
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving end while asking high earners to shoulder more of the burden.
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to a UK windfall tax would render the aging basin uneconomical as an energy crisis engulfs Europe.
Net Zero Emission
France to Bankroll Development of Zero-Emission Ships With €300 Mln, Backed by $200 Mln From CMA CGM
France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels.
ACWA Power Net Profit Surges 110% YoY in First 9 Months of 2022
Its operating income before impairment loss and other expenses grew by 11% YoY.
Australian Government Expands ARENA 2022-23 Federal Budget
This will include A$146.1m for the decarbonisation of the road transport sector.
Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince
Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERSSaudi Arabia's Crown Prince Mohammed bin Salman
Gates Foundation Gives $1.4 Bln Climate Help to Smallholder Farmers
The Bill & Melinda Gates Foundation has pledged $1.4 billion to help smallholder farmers cope with the impacts of climate change, part of efforts at global climate talks in Egypt to scale up supply of so-called adaptation finance.
Net Zero Emission
Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand
Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bid to meet growing demand for sustainable fuels.
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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