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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

18-07-2022

Agreement to Acquire an Interest in a Lithium Project
Greenland Minerals to earn in 51% in the Villasrubias lithium exploration licence located in Spain’s most renowned province for technology metals exploration
17-07-2022

Energy Blockchain Startup FlexiDAO Secures Google and Microsoft Backing
FlexiDAO plans to scale its renewables tracking platform, particularly in the US and Europe, with $6.5 million raised in Series A funding.
16-07-2022

TGS Acquires Stake in NASH Renewables
TGS, a global provider of energy data and intelligence, has announced its investment in NASH Renewables, a start-up developing software-as-a-service (SaaS) solutions for the prospecting, construction, and operations of wind energy projects.
15-07-2022

European Renewable PPA Prices Soar by 47% Year-On-Year
PPA prices have taken a steep 16% hike in their fifth consecutive quarter of growth, according to a report
14-07-2022

Cost-Competitive Renewables Save $55B in Global Energy Generation in 2022
Electricity costs from wind and solar power declined in 2021.
United Kingdom
14-07-2022

UK Regulator Ofgem Threatens Action on Inadequate Payment Policies
Ofgem has told utilities to "take immediate action” in reinforcing policies around direct debits, and remain vigilant of rising costs.
14-07-2022

ReNew Refinances Dollar-Denominated Bonds
It issued $525m bonds in 2019 that will mature in 2024.
13-07-2022

CLP Group, CDPQ to Hold Equal Stake in Apraava Energy
CLP has sold a 10% stake in Apraava to CDPQ
13-07-2022

On-Site Energy Generation Could Wield Significant Savings for Companies
Research from Cornwall Insight, included in their report - ‘A corporates guide to decarbonising power’ - has demonstrated how on-site energy generation could help cut corporation energy bills and their carbon footprint.
Singapore
13-07-2022

Singapore Is 3RD Most Attractive Market for Energy Sector FDI
It posted an index of 72.74%, ranking behind Luxembourg and Hong Kong.
Energy Storage Battery
13-07-2022

Equinor Acquires US Energy Storage Developer
Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC.
13-07-2022

Shell Forecasts Trebling of Refining Profits
Energy major Shell announces indicative refining margin for Q2 of $28.04/bbl which is a sharp increase on $10.23/bbl in Q1.
08-07-2022

ACEN to Issue P30b Bonds to Fund RE Projects
Initial proceeds will fund the Arayat-Mexico Solar Power expansion project amongst others.
Nigeria
05-07-2022

Game Changing $1.3BN Funding for Nigerian Green Energy Project Launched
Image: PixabayUnder the Team Europe Initiative (TEI), the European Union (EU) has launched a $1.35 billion Nigerian Green Energy Project.The project is meant to stimulate a sustainable climate-smart agriculture and renewable energy and create jobs for eco
05-07-2022

US Developer Intersect Secures US$750 Million for Renewables, Energy Storage Pipeline
Utility-scale renewables developer Intersect Power has secured US$750 million in funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.
Electric Car
05-07-2022

Siemens and VW Take a Stake in Electrify America
On June 28, the Volkswagen Group and Siemens announced their support of the ambitious growth plans of Electrify America, LLC – the largest public ultra-fast charging network for electric vehicles from all vendors in North America.
Australia
05-07-2022

Australia, India Strengthen Clean Energy Deal
Australia and India on Monday agreed to a partnership to strengthen their co-operation in developing critical metal projects and supply chains.
01-07-2022

Shell to Take Over as Operator of Gulf of Mexico Field From Equinor
Equinor will retain 49% of its stake in the project, which has been renamed as the Sparta development
Energy Investment
30-06-2022

UK Invests £162M in Africa’s Energy Industry
British International Investment has partnered with Norway’s Norfund in a joint venture with Scatec to support the initiative, which will meet the power needs of more than three million people
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.

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Most views from Energy Economy

TSEA Energy to invest $25m in North Carolina facility to boost US grid manufacturing

Patel Engineering wins Rs 230.7 crore Bhutan hydro project package

Google signs PPAs on 400-MW Texas solar project portfolio

ADB and Acwa sign US$116 million financing package to support wind power in Uzbekistan

Equinor aims to sell 8% stake in solar energy firm Scatec

Aukera Secures €48.5 Million IFC Financing for Romania Battery Storage Project