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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

30-06-2022

SSE Thermal and Equinor to Buy UK-Based Triton Power for £341M
Through this deal, the two companies aim to support the decarbonisation of the UK's power system.
South Korea
29-06-2022

South Korea, Saudi Eye Energy Cooperation
They discussed opportunities in the energy supply chain and hydrogen.
Philippines
29-06-2022

Solar Philippines Secures 70% Of Government’s RE Auction
It also won 91% of all solar capacity.
29-06-2022

World Energy Demand Jumped Above Pre-COVID Levels in 2021
BP Statistical Review of World Energy: primary energy in 2021 grew by its largest amount in history.
Oil Shale
29-06-2022

Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Resources Inc for C$1.9 billion ($1.48 billion).
United Kingdom
29-06-2022

UK Automotive Manufacturers Face £90 Million Energy Cost Hike
Rising energy costs risk harming the UK automotive sector as manufacturers of vehicles and components face a £90m cost hike.
Electric Car
29-06-2022

UK Green Supply Chain Startup Circulor Raises $25MLN for Us Expansion
UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to fund expansion, primarily in the United States.
28-06-2022

Alpha Dhabi’s W Solar to Invest in 2,000MW Libyan Renewable Energy Project
The agreement will help Tripoli to diversify its energy mix and boost the overall economy
28-06-2022

Companies Call for Energy Rationing
EDF, TotalEnergies and ENGIE have said energy price hikes “threaten political and social cohesion”
26-06-2022

SG Kicks off Multilateral Cross-Border Trade of Renewable Energy
The renewable hydropower was imported from Lao PDR via Thailand and Malaysia.
Energy Investment
25-06-2022

IRENA, OPEC Fund Tie Up to Advance RE Investment
The International Renewable Energy Agency (IRENA) and the OPEC Fund for International Development (OPEC Fund) to further advance investment in renewable energy.
Energy Investment
24-06-2022

Record Global Energy Investment to Grow 8% To $2.4T in 2022: IEA
This is on the back of investment in renewables and grids.
India
23-06-2022

India’s RE Auction to Continue Attracting Large Developers
IEEFA said current challenges will not have long-term impact to India’s energy sector.
Energy Transition
23-06-2022

Greece to Mobilise €1.63BN Investment for ‘Just’ Climate and Energy Transition
Its plan will benefit from grants of €1.38bn from the EU’s Just Transition Fund Programme.
Energy Investment
23-06-2022

Renewables to Drive 8% Rise in Global Energy Investment in 2022
Green energy, grids and storage now account for more than 80% of total investment in power sector.
India
23-06-2022

New Report Shows That India Will Require $223 Billion to Meet RE Goals
India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF).
Energy Transition
22-06-2022

$300M Pan-African Renewable Energy Fund (Paref) Established
The Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy adoption in Africa has been established.
United Kingdom
22-06-2022

UK Government £263MN ‘Tax Calamity’ Warning to Energy Sector
Energy businesses urged to prioritise their compliance to IR35 rules to avoid penalties issued to government warns insurance provider Qdos.
22-06-2022

Latest Ofgem Measures Protect Consumer Credit Balances
Energy regulator Ofgem has announced new measures to improve the financial health of energy suppliers and enable resilience in the face of future energy market shocks.
Energy Investment
22-06-2022

Renewable Energy: Bringing New Wave of Sustainable Energy Investment to Africa
As IWP&DC discovered, there is much to discuss with regards to climate change, water supplies, hydropower potential and investment across Africa.
Brazil
21-06-2022

Brazil Government Eyes Windfall Tax on Oil Firms, but Guedes Opposed
Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry.
Energy Investment
21-06-2022

UK Energy Windfall Tax ‘Undermining Investment'
UK government’s new windfall tax may already be undermining the major investments needed according to Offshore Energies UK.
Belgium
21-06-2022

People Rally in Belgium to Protest Soaring Cost of Fuel, Food
More than 70,000 people rallied in Belgium’s capital Brussels on Monday in a protest against the soaring cost of guel and food.
21-06-2022

Ofgem Sets Out Tougher Rules for Energy Suppliers to Protect Customers
Credit balances are used by some firms like an interest free company credit card, Ofgem’s boss has said
Russian Federation
20-06-2022

Enel Offloads Its Russian Assets for €137M
The company is forecasting a hit of approximately €1.3 billion on net income.

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