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Algeria Aims for $2.6 billion Increase in Energy Investment Next Year
Impact of North Sea Link on GB Energy Market
June 2021 saw the first electricity flows across Britain’s latest interconnector, the 1.4GW North Sea Link with Norway.
GS Group Sells off Entire 30% Stake in Nemaha Oil Field in Oklahoma
GS Global and GS Energy sold off their entire 30 percent stake in an oil field in Oklahoma of the United States in July
New Ammonia-Based Group Established to Boost the Norwegian Hydrogen Economy
A new ammonia-based company has been launched today aiming to provide a competitive advantage for the growing hydrogen economy in Norway by creating green ammonia.
Banpu To Buy Texas Power Plant For $430 Million As Thai Energy Firm Steps Up Green Investments
Banpu—controlled by billionaire Isara Vongkusolkit—has agreed to buy a combined cycle gas-fired power plant for $430 million in Texas as the Bangkok-based coal producer steps up investments in sustainable projects.
Endesa will Invest 315 million in the Construction of 350 MW of New Wind Energy and Solar Power in Cuenca
Endesa, in its commitment to the total decarbonisation of the energy mix and the development of renewable projects, continues to analyze its own projects and acquire renewable power portfolios from third parties with extensive experience.
Mitsubishi Electric Enhances Distributed Energy Resources Management with Acquisition of Smarter Grid Solutions
SGS is a leading global provider of distributed energy resources management software for power distribution utilities and DER operators.
L&T Sells Hydro Plant to Renew Power
Indian multinational Larsen & Toubro is selling a 99MW run-of-river hydroelectric plant owned by its subsidiary LTUHPL to Renew Power Services Private Limited as it continues to focus on divesting non-core assets and i
Ultrafast Battery Charging Company ADS-TEC Energy goes Public
Business Combination with EUSG Enables Expansion and Scale-up of ADS-TEC Energy Platforms into European and US Markets
Ambri Receives $144m Investment for Battery System Manufacturing Plants
Ambri will use the funding to commercialise and grow its long-duration system technology.
Egat to Import More Electricity from Laos
Additional 1,200MW under long-term deal
Framatome Acquires RCM Canada Nuclear Power Division
French nuclear infrastructure firm Framatome is acquiring a Canadian company that will help broaden its reactor work in that nation and beyond.
Solar Power Plant
Zaev: North Macedonia to Invest in 700 MW Solar Power Plant with Serbia, Albania
North Macedonia’s Prime Minister Zoran Zaev said after a meeting with the leaders of Albania and Serbia that they would jointly invest in a photovoltaic system of 700 MW.
China's Fortune Global 500 Companies Rise to 143
Chinese companies have thronged the 2021 Fortune Global 500 list amid steady economic fundamentals and healthy business growth in the country.
Shell Biofuel JV Starts Trading
Shell has begun trading shares of Raizen, its renewable energy joint venture with Brazilian energy company Cosan, on the Sao Paulo Stock Exchange, following an initial public offering.
Offshore Wind Power
Beatrice Offshore Transmission Assets (OFTO) Sold
The sale agreement follows the selection in December 2019 by Ofgem of Transmission Capital Partners as the preferred bidder for the offshore transmission licence for the Beatrice Offshore Windfarm as part of a competitive Offshore Transmission Tender
EU Backs Financing for Greener Homes and Businesses in North Macedonia
On successful completion of the projects, borrowers will be eligible for up to 20% cashback, funded by the European Union.
Offshore Wind Power
TotalEnergies Eyes Stake in World’s Largest Offshore Wind Farm
TotalEnergies SE is weighing taking a stake in what will be the world’s largest offshore wind farm, according to people familiar with the matter, as the French oil major continues to flex its green credentials.
Solar Power Plant
PMSE Secures Financing for Cirata Floating Solar Plant in Indonesia
The floating solar plant is scheduled to begin commercial operations in the fourth quarter of next year.
Hyundai to Take Stake in German Hydrogen Fuelling Group H2 Mobility
Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.
Solar Power Plant
Enlight Acquires Solar and Energy Storage Developer
Enlight Renewable Energy has achieved all required regulatory approvals to acquire a 90.1% share of Clēnera LLC, a company in the field of initiation, development, construction and operation of solar energy and U.S. energy storage projects.
Victoria Plans Grid Upgrades to Support Renewable Energy Zones
The Australian state of Victoria has unveiled six grid upgrade projects as part of efforts to unlock new renewables investment.
MET Group Acquires 60 MW Suvorovo Wind Farm in Bulgaria
Swiss-based gas and power trader and electricity producer MET Group has bought a 60 MW wind farm in Bulgaria within a plan to boost its operational renewable power portfolio in Central and East Europe to 500 MW by 2023.
India’s Adani Sets up Petrochemical Subsidiary
Major Indian conglomerate Adani Enterprises has set up a new subsidiary, Adani Petrochemicals, to invest in refineries, petrochemical complexes, specialty chemical units, hydrogen and related chemical plants.
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion, in a deal that would create a top-20 global oil and gas company.
Dhaka Seeks US-Investment in Off shore's Oil, Gas Exploration
Tawfiq-e-Elahi Chowdhury encouraged ExxonMobil officials to invest in Bangladesh during a meeting held with senior officials of ExxonMobil at the Bangladesh Embassy in Washington DC on July 30
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Belgium’s Parkwind Secures Funding for German Floating Wind Farm
Octopus to Acquire 181MW Oz Project from RES
National Grid Acquisition of PPL WPD Investments Approved by CMA
Pakistan Invests $305 million to Explore for Oil in UAE’s Persian Gulf
Abu Dhabi’s Taqa Looks to Sell UK, Dutch Oil and Gas Assets
Iraq and Total Sign $27 bln Energy Projects Deal