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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

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.
United Kingdom
20-06-2022

UK’s Ofgem Proposes New Rules to Protect Customers Amid Soaring Energy Prices
Britain's energy regulator on Monday proposed new measures to protect consumers' money and prevent energy suppliers from charging high direct debit payments, a move that comes as households struggle to meet soaring energy bills.
Ireland
20-06-2022

Ireland’s Energy Poverty Breaks New Record
The number of fuel poor households surpassed that recorded 28 years ago, according to a report.
19-06-2022

BP Buys 40.5% Stake in Asian Renewable Energy Hub
The multi-billion dollar investment at Pilbara, western Australia, will produce around 1.6mn tonnes of green hydrogen at full capacity.
United States
19-06-2022

U.S. Sustainable Funds Mark Rare Outflow in May
Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursday, a break with years of net new deposits.
United Kingdom
17-06-2022

UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’
The UK spent £5.1 billion on Russian energy imports in the year to April 2022.
Germany
17-06-2022

Germany Pumps €10BN Into Gazprom Germania
The German Government has confirmed it will put the company into long-term administration

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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