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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

29-07-2022

Centrica’s Profits Soar Five-Fold
Profits of Britain’s largest energy supplier increased to £1.34 billion
29-07-2022

Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offsetting adverse results in Spain.
Wind Power Project
29-07-2022

ABO Wind Sells 514.6MW Buffalo Plains Wind Project in Canada
The Buffalo Plains project in Alberta will generate 1.5GWh of clean electricity a year.
Spain
29-07-2022

PNE Acquires 51% Stake in Spanish Solar Project Developer Kolya
The acquisition has increased PNE’s solar photovoltaic project pipeline by more than 40%.
Solar Power Panel
29-07-2022

ENERPARC Refinances 315 MW Solar Portfolio
ENERPARC, Commerzbank, and Landesbank Baden-Württemberg have concluded one of the largest German transactions to refinance a 315 MW photovoltaic (PV) portfolio.
28-07-2022

Shell Reports Record Profit of $11.5 Billion
Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
Natural Gas
28-07-2022

EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms
Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices
27-07-2022

Octopus Raises $550M in Latest Fundraising Round
The energy supplier plans to use the money to further improve its energy technology platform, Kraken
Spain
26-07-2022

Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain
The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one million homes.
26-07-2022

Ørsted to Acquire Wind and Solar PV Developer Ostwind
Ostwind’s portfolio includes 152MW in operation and under construction and around 526MW in advanced development stages.
Finland
26-07-2022

Neoen and Prokon Sign Second PPA With Equinix
Neoen and Prokon have announced the signing of a new power purchase agreement (PPA) with Equinix to provide at least 42 MW of green energy in Finland.
25-07-2022

Record Profits Could Convince Oil Majors to Hike Dividends
Strong up-and-downstream performance make for strong big oil earnings expectations.
25-07-2022

The Future Is Bright for Artificial Intelligence in the Middle East
Several nations are embracing AI to diversify and bolster their economies.
United Kingdom
25-07-2022

Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances
Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances
United Kingdom
25-07-2022

Anglo-German Interconnector Project Reaches Financial Close
The NeuConnect interconnector project linking the UK and German energy markets has reached financial close.
Germany
25-07-2022

German Government to Acquire 30% of Uniper
The energy major has signed a €15bn bailout deal.
23-07-2022

TES Completes Green Energy Fundraising Round
Tree Energy Solutions (TES), a world scale green hydrogen company with a mission to deliver on a net zero future by decarbonising the energy chain, has announced it has successfully concluded its second fundraising round at €65 million.
22-07-2022

Amazon Announces $20,000 Green Grant for Sustainable Retailers
E-commerce giant is awarding US green retailers $20,000 grants to promote the adoption of sustainable practices
United Kingdom
21-07-2022

ZeroAvia Attracts $30MN in New Funding
New investment from Barclays, NEOM, AENU and IAG will further advance ZeroAvia’s 2-5MW hydrogen-electric powertrain development program.
21-07-2022

Energy Giants Pen $4BN Algeria Oil and Gas Contract
The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields.
20-07-2022

Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni
New production-sharing contract is for 25 years for onshore blocks in eastern part of North African country
20-07-2022

Mainstream and Actis Agree to Sell African Renewables Giant Lekela
Renewable developer Mainstream Renewable Power and investor Actis have signed an agreement to sell the Lekela Power platform to Infinity Group and Africa Finance Corporation (AFC).
20-07-2022

The Green Economy, an Imperative for Economic Sustainability in Africa
As one of the chosen pilot countries, Mozambique hosted a dialogue focused on the green economy in Africa.
Egypt
19-07-2022

Egypt’s Infinity to Become Africa’s Largest Renewable Energy Company
Infinity and Africa Finance Corporation will acquire Lekela Power in deal that includes 2.8-gigawatt portfolio of wind power and greenfield projects
France
19-07-2022

France to ‘Be Sued Over Its Plan to Nationalise EDF’
An association of EDF employee shareholders has said the government’s decision defies the interests of its minority shareholders

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