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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

Electrification
05-05-2022

$15.5M Investment into Zambia’s First Renewable Energy Buyer
InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU) and EU-funded Electrification Financing Initiative (EDFI ElectriFI) will finance Africa GreenCo to the tune of $15.5million to enable it to scale its offering as Zambia’s first rene
Oil Price
05-05-2022

Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of its trading division.
Net Zero Emission
04-05-2022

Bp to Invest £18 Billion in UK Energy System by 2030
bp intends to invest up to £18 billion in the UK’s energy system by the end of 2030, demonstrating bp’s firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net zero.
02-05-2022

Shell Buys Sprng Energy Group for US$1.55Bn
Shell believes its purchase of Sprng Energy Group will enable it to become a leader across the power value chain in the rapidly growing India market.
Carbon Emissions
28-04-2022

Investing in China’s Sustainable Finance Boom
China is the world’s largest economy in purchasing power parity, the world’s largest annual emitter of greenhouse gas emissions and the world’s largest renewable energy market.
LNG
28-04-2022

TotalEnergies Books $4.1 Billion Impairment Charge on Arctic LNG 2 Exit
French TotalEnergies will include a $4.1-million impairment on its balance sheet over Russia sanctions that have led to difficulties with its massive Arctic LNG2 project.
United Kingdom
28-04-2022

UK Power Networks Unveils New Flexibility Tender
The tendering process will be for 292MW of power across 113 sites in London, the East and the South East of England.
Net Zero Emission
27-04-2022

UAE Requires $681Bn Investment for Net-Zero Transition, Says Standard Chartered
Emerging markets told they need to invest an additional $94.8tn to meet long-term global warming targets.
United States
26-04-2022

DOE Funnels $12M to Enhance US Energy Systems’ Cybersecurity
The US department of energy (DOE) has announced $12 million for six new research, development and demonstration (RD&D) projects that will develop cybersecurity technology.
26-04-2022

World Needs to Spend an Additional $1.3Bn on Energy by 2030
A new report found that oil and gas need a boost in contrast to previous IEA report which urged governments to stop new fossil fuel plans.
Energy Storage Battery
25-04-2022

CATL’s Revenue Hits USD 20 Bn, Full-Year Net Profit Dips to 26.28%
Amid increasing raw material cost and China’s zero-COVID policy, CATL’s net profit was down by 1.48 percentage points to 26.28%
Crude Oil
25-04-2022

Guyana Gets $106 Million From Exxon for Oil From Newest Offshore Platform
Guyana sold its first share of crude oil from the country's newest offshore production facility to Exxon Mobil (XOM.N) for about $106 million, the government said.
CNOOC
22-04-2022

China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels
Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Shanghai Stock Exchange, raising about $4.4 billion.
Ammonia
22-04-2022

Suez Canal Economic Zone Signs $3Billion Green Energy Deal
Agreement with a consortium including French company EDF Renewables will lead to nearly 350,000 tonnes of green fuel being produced annually for ships passing through the waterway.
Offshore Wind Power
21-04-2022

Energy Prices to Remain Significantly Above Average up to 2030 and Beyond
Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually.
21-04-2022

World Needs Extra $1.3 Trillion Energy Investment by 2030
The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch.
EU
21-04-2022

Italy’s CAP Group Secures €100m EU Green Loan to Upgrade Water Infrastructure
It will also use the financing to improve its water and sewerage network, implement circular economy projects and reduce emissions.
Carbon Emissions
19-04-2022

BlackRock-Led Group Invests $525M Toward India Renewable Energy
A group considered the world’s largest asset manager has joined with a United Arab Emirates (UAE) wealth management fund to support an investment in renewable energy development in India.
15-04-2022

Green Hydrogen Electrolyzer Provider Closes $45 Million Series B
Ohmium International secured funding that is expected to quadruple the manufacturing output of its modular PEM electrolyzers.
13-04-2022

Public Clean Energy Spending Jumps 50% to $710b Since October 2021
Government clean energy spending globally in response to the pandemic surged 50% in the last five months, reaching $710b, according to the International Energy Agency (IEA).
Philippines
12-04-2022

Higher Generation Costs Push Philippine April Rates up
Higher generation cost has driven the overall rate for a typical household in the Philippines up by P0.53 to P10.18 per kilowatt-hour (kWh) in April, the Manila Electric Company reported. This is equivalent to a P107 increase per 200 kWh.
12-04-2022

ADF Invests $5.5m for Desert to Power Renewable Energy Initiative
The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries.
12-04-2022

Green Banks Are Needed to Plug Climate Finance Gaps
Green Banks have a critical role to play in overcoming climate finance gaps.
LNG
11-04-2022

Energy Spending to Hit Record High of over $2t in 2022: Report
Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.
11-04-2022

Adani Group Gets US$2 Billion in Green Investments
Three Adani portfolio companies, Adani Green Energy, Adani Transmission, and Adani Enterprises, will get US$2b (INR15,400 Cr) in green investments from the International Holding Company (IHC).

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