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Energy Economy

Google signs PPAs on 400-MW Texas solar project portfolio

Google signs PPAs on 400-MW Texas solar project portfolio

Natural Gas
01-10-2022

Europe's Crisis Measures to Tackle Energy Price Spike
European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampering industrial activity and inflicting sky-high bills on consumers ahead of winter.
Wind Turbine
30-09-2022

Siemens Gamesa Will Cut Nearly 3,000 Jobs
Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes.
United Kingdom
30-09-2022

Britain Has Exported More Power to EU Than Ever Before
The country became a net exporter of electricity for three months of the year
Natural Gas
30-09-2022

German Economic Institutes See 2023 Contraction as Gas Crisis Hits
Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 projection to -0.4% from 3.1%, they said on Thursday.
30-09-2022

Oil Giant Shell Snaps up African Solar Provider Daystar Power
Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.
Energy Investment
29-09-2022

Dubai Investment Fund in Projects Across Australia & Europe
Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, has announced that it will be investing in five projects aimed at developing renewable energy sources in Australia and Europe.
Energy Transition
29-09-2022

New VC Fund for Energy Transition Start-Ups in Europe
EIT InnoEnergy and Santander Asset Management are partnering on the new, yet to be named, climate tech investment vehicle.
Net Zero Emission
28-09-2022

Australian State Unveils $40 Bln Clean Energy Plan to Slash Reliance on Coal
One of Australia's top coal-producing states said it will convert its coal-fired power plants to renewable hubs by 2035 under a A$62 billion clean energy plan unveiled on Wednesday which would slash its reliance on fossil fuels.
France
28-09-2022

French Grid Operator RTE to Return More Than 1 Bln Euros to Clients
France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this year's revenue windfalls prompted by tensions on the electricity market.
EU
28-09-2022

EU Countries Eye Delay to Levy on Fossil Fuel Windfall Profits - Document
European Union countries are considering an option to delay by a year a levy on the windfall profits of fossil fuel companies, as they hunt for a deal on emergency measures to help consumers facing soaring energy bills.
Australia
28-09-2022

Australia’s ZEN Energy, ACCIONA Energía Enter 10-Year PPA
ZEN will buy 34% of Waubra Wind Farm’s total generation.
28-09-2022

Renewable Energy Employment Reaches 12.7 Million in 2021
Around 700,000 new workers were employed last year.
Carbon Emissions
27-09-2022

Australian State to Invest $100 Mln in Energy Storage in Push to Cut Emissions
Australia's Victoria state said on Tuesday it would invest A$157 million to boost battery energy storage, as it pushes to source half its electricity from wind and solar energy by 2030 and help replace coal-fired generation.
Natural Gas
27-09-2022

Germany Considers Price Caps as Energy Crisis Worsens
Germany looks to cap the prices of electricity and natural gas to help households and businesses reel from the soaring energy prices.
Offshore Wind Power
26-09-2022

Iberdrola Hires Barclays to Sell Stake in Spanish Renewable Portfolio, Expansion Says
Spanish power company Iberdrola hired Barclays' investment bank to sell up to 49% in a portfolio of Spanish renewable power projects.
Thermal Coal
24-09-2022

HSBC Fund Arm Toughens Thermal Coal Policy to Curb Climate Change
HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year.
Natural Gas
23-09-2022

Why the World Needs to Invest in Fossil Fuels
The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.
Belgium
23-09-2022

Thousands Take to the Streets in Belgium Against Soaring Energy Prices
Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier this month in the Czech Republic.
Natural Gas
23-09-2022

Greece Extends Energy Bill Subsidies Ahead of ‘Winter Battle’
Greece will pay out a further 1.1 billion euros in power bill subsidies in October to shield households and businesses from the impact of soaring energy prices ahead of winter.
United Kingdom
23-09-2022

Cost of UK Support to Cap Energy Bills to Be Set Out on Friday
Britain's government will set out on Friday the cost of capping energy prices for households and businesses over the next few months.
Hydrogen Project
23-09-2022

EU Gives Green Light for $5.2 Bln in State Aid for Hydrogen Development
The European Commission on Wednesday said it has approved 5.2 billion euros in public funding by 13 EU member states aimed at boosting the supply of renewable and low-carbon hydrogen.
Natural Gas
23-09-2022

Germany Takes Over Uniper, Raising Rescue Bill to $29 Bln
Germany confirms nationalisation of gas importer Uniper.
Natural Gas
22-09-2022

Germany Could Nationalize Uniper as Early as Next Week
The German government, energy giant Uniper, and its majority shareholder, Fortum, have reached a preliminary agreement under which Germany will nationalize the country’s largest gas importer.
Wind Power Project
21-09-2022

ØRsted Completes Acquisition of German and French Onshore Wind Platform Ostwind
Ørsted has today completed the acquisition of a 100 % equity interest in OSTWIND
Natural Gas
20-09-2022

Uniper Weighs Nationalisation Amid Energy Market Turmoil
German gas importer Uniper is flirting with nationalisation as the company suffers the longstanding financial consequences of the war in Ukraine.

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