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USDOE Approves $1.355bn Funding for NuScale’s SMR Project
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Shell Looks to Sell off Stake in Philippines Gas Field
Shell is looking to sell its 45pc stake in the Philippines' Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.
Power Grid Gets Shareholders' Nod to Raise Up to Rs 10,000 Crore
All resolutions as set out in the notice of 31st Annual General Meeting held on September 22 have been duly approved by the shareholders with requisite majority, a BSE filing said on Thursday.
Bord Na Mona Eyes €1.6bn War Chest for Wind, Solar
Bord na Mona has launched a major fundraising campaign to build a series of climate action projects across its 200,000 acre landholding.
Austrian Utility OMV Sells Gas Pipeline Unit to Verbund
Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and finance its acquisition of a leading plastics maker.
Air Products China President Saw Choon Seong Appointed Chongqing Mayor’s International Economic Advisor
Appointment Reinforces Company’s Commitment to Southwestern China’s Inland Megacity.
JLEN Acquires Hydropower Facilities
Environmental infrastructure fund JLEN has acquired two operational hydro projects as part of a £4.74 million acquisition of Northern Hydropower Holdings Limited.
China's CATL to Invest in Canada’s Neo Lithium
Chinese battery manufacturer Contemporary Amparex Technology will pay C$8.5mn to acquire an 8pc equity stake in Canada-based lithium brine explorer Neo Lithium.
Iberdrola Acquires Japan’s Acacia Renewables with Development Deal
Spanish electric utility company Iberdrola has agreed to buy out Japan’s green energy supplier Acacia Renewables.
US DoE Announces $1.5m in Funding for Carbon Capture Project with Total
The US Department of Energy has announced additional funding for a carbon capture technology research and development project with Total.
British Gas Ranked Number One by UK Business Energy
Utilities giant British Gas has come out on top in a new study on the performance of UK energy suppliers to the commercial market.
The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050
Utility net-zero carbon pledges are piling up, even if the companies are a long way from kicking their fossil fuel habits.
Lundin Makes $357,000 Investment in Swedish Wave Energy Start-Up
Non-profit investment company Lundin Foundation has invested $357,000 in wave energy foundation Ocean Harvesting Technologies.
How Bad Relations With China Could Mess With the Energy Transition
Increasingly strained relations between China and the West are spilling into the clean power sector.
Western Australia Pumps $22m Into Hydrogen Action Plan
Western Australia is positioning hydrogen as one of the industries to build its recovery and innovation into the future.
France’s EODev Secures €20m to Commercialise Hydrogen Technology
French-based company Energy Observer Developments has closed €20 million in funding to accelerate the industrialisation and commercialisation of its hydrogen solutions.
L&T-Owned 1,400 MW Nabha Power Plant Wins Twin Awards at CII Energy Efficiency Summit 2020
Nabha Power, a wholly owned subsidiary of L&T Power Development, won two prestigious awards at the 21st National Award Ceremony for Excellence in Energy Management, hosted by CII recently.
Elliott Attempting to Prevent Chevron’s Takeover of Noble Energy
Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron.
EU Energy Tech Incubator Opens US Office
European sustainable energy technology incubator EIT InnoEnergy has expanded into the US, opening an office in Boston.
Tesla Secures Funding for Australia’s Largest Virtual Power Plant
The Australian Renewable Energy Agency has issued AUS$8.2 million in funding for the development of what is claimed to be the largest virtual power plant in the country.
Chile: Mainstream Renewable Power Secures Funding for 630MW of Renewable Generation
Mainstream Renewable Power has closed funding of US$620 million for the second phase of the Andes Renovables wind and solar generation platform in Chile.
EDP Renováveis to Sell Stake in US Renewable Assets for $700m
Spanish firm EDP Renováveis has agreed to sell its stake in a US wind and solar portfolio to Connor, Clark & Lunn Infrastructure for $700m.
Offshore Wind Power
Crown Estate Scotland Launches Offshore Wind Fund
Crown Estate Scotland has launched a £500,000 fund to go towards sustainable development of offshore wind in the country as part of its net zero commitment.
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 billion with seven major local banks.
Research Identifies Need for Multi-Billion Dollar Investments in Asian Hydropower Modernisation
A study conducted by International Hydropower Association for the Asian Infrastructure Investment Bank has found that 66 hydropower stations across 19 countries are due for modernisation the estimated investment value of which is $13.7 bn.
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Total Drives Green Strategy With €500m Zero-Crude Project
Vietnam Requires $133.3bn in Power Investment By 2030
Europe Announces First-Ever Renewable Energy Institute
NextEra Energy to Acquire Power Transmission Company GridLiance
ExxonMobil to Cut European Workforce By 1600
Jordan to Leverage €1.4 million EIB Grant to Boost Municipal Efficiency Programmes