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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
United States
24-08-2022
Rystad Energy: Inflation Reduction to Boost US Wind and Solar Investments
The Inflation Reduction Act is set to boost installed solar and onshore wind capacity in the US by 40% by 2030, with an extra 155 GW of capacity expected to come online this decade, Rystad Energy research shows.
France
24-08-2022
Iberdrola Responds to Rumours of Terminating French Power Contracts
Energy price hikes have reportedly forced the energy giant to terminate contracts with thousands of its French customers
Natural Gas
23-08-2022
Germany to Slash Tax on Household Energy Bills
VAT on gas has been cut to 7% to help people with soaring energy costs
Oil Price
22-08-2022
Why Buffett’s Berkshire Hathaway Is Seeking to Buy Up to 50% Of Occidental
The conglomerate first made a bet on the Houston-based oil company three years ago
Wind Farm
20-08-2022
Uzbekistan and ACWA Power Sign $1Bn Clean Energy Agreements
Saudi Arabian power company ACWA Power has signed three energy agreements with Uzbekistan’s Ministry of Energy totalling $12 billion.
Solar Power Plant
20-08-2022
ReNew’s US $1Bn ECB Loan for Pan-India Renewables Project
ReNew says 12 international lenders, led by Rabobank, will finance the largest ECB project finance loan in India’s renewable sector, for any single project.
Natural Gas
18-08-2022
Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss
German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could turn a profit again.
United Kingdom
18-08-2022
British Gas and Octopus Energy ‘Back Energy Bill Freeze for Two Years’
The plan will reportedly see the launch of a multi-billion fund to cover the rising cost of the price cap
Energy Investment
17-08-2022
‘Tepid’ Demand for U.S. Sustainable Funds in July, Report Says
Investors deposited $120 million into U.S. sustainable funds last month, a "tepid" amount of inflows that coincided with a broader retreat from mutual funds and ETFs, researcher Morningstar Inc said on Monday.
Natural Gas
16-08-2022
German Energy Market Would Collapse Without Gas Levy - Habeck
Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister Robert Habeck said on Monday.
Nuclear Technology
16-08-2022
Bill Gates’ TerraPower Raises $750 Million for Advanced Nuclear Technologies
TerraPower, one of the companies racing to build a small modular reactor (SMR), announced it raised $750 million.
Thermal Coal
16-08-2022
South African Coal Producer Acquires Majority Stake in Windlab Africa
South African thermal coal producer Seriti Resources is seeking to diversify its energy assets and contribute to the country’s green energy transition.
Nuclear Technology
15-08-2022
South Korea’s SK Invests $250 Mln in Bill Gates’ Terrapower for Nuclear Power Tech
South Korea's SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops small-sized nuclear power reactors, called small modular reactors.
Geothermal Power Plant
15-08-2022
New Zealand’s Contact Energy to Reinforce Renewable Energy Generation With $193 Million Investment
New Zealand's Contact Energy said on Monday it would spend NZ$300 million to build a 51.4 megawatt geothermal power unit near its Te Huka power station in Taupo, that would help bolster its renewable power generation amid high demand.
Natural Gas
15-08-2022
German Finance Minister Writes to Brussels Over VAT Exemption for Gas Levy
German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limited period of time, a copy of his letter seen by Reuters showed on Sunday.
Solar Power Plant
13-08-2022
PPC Renewables Invites Bids for Greece’s Solar PV Plant
A 550MW solar photovoltaic plant will be built in Ptolemaida at a cost of €216m and will be completed by 2024, becoming Greece’s biggest solar PV plant.
Solar Power Panel
12-08-2022
The $369 Billion Promise That Sent Clean Energy Stocks Soaring
For clean energy stocks, the result has been immediate, with solar stocks, in particular, soaring as soon as it became clear that the bill would be passed.
United Kingdom
11-08-2022
E.ON Makes More Than £3BN in Profit in First Six Months
The global energy group said EBITDA declined by £591 million.
11-08-2022
Vestas Sells Converters and Controls Business to KK Wind Solutions
Vestas continuously looks for partners that can support its strategic focus on its core business and help scale renewables efficiently in the long-term.
Australia
11-08-2022
Australia’s Energy Industry Posts 16.7% Mom Turnover Growth in June
It has the largest percentage growth for two consecutive months.
Wind Power Project
10-08-2022
Colombia Announces the First Offshore Wind Energy Tender
The Colombian Ministry of Mining and Energy has launched the country’s first offshore wind lease round and expects to grant permits for the use of marine areas in the second half of 2023.
10-08-2022
Shell Completes Acquisition of Renewable Platform Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited, and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis).
EU
09-08-2022
EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers and other raw materials.
Australia
09-08-2022
Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the National Electricity Market (NEM) will have an annual median price of around $200/MWh, up until FY2025.
09-08-2022
Baker Hughes Acquires Power Generation Division of Brush Group
Energy technology company Baker Hughes has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners.
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