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Energy Economy

Toyo Invests In Japan’s Offshore Renewable Sector

Energy Investment

Toyo Invests In Japan’s Offshore Renewable Sector

Australia
28-02-2022

Australia’s Squadron Plans $2.2bn Renewables Project
Australian energy firm Squadron Energy plans to build a A$3bn ($2.15bn) wind, solar photovoltaic (PV) and battery project in Queensland.
27-02-2022

Australian Mining Billionaire to Invest $2.2 Bln in Renewable Energy Project
Australian iron ore magnate Andrew Forrest, who's been betting big on a global green revolution, said on Sunday he was investing A$3 billion ($2.2 billion) in renewable energy in central Queensland.
Offshore Wind Power
26-02-2022

U.S. Offshore Wind Auction Draws Record $4.37 Bln in Bids
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.
Natural Gas
24-02-2022

Hydrogen Generation Could Become a $1 Trillion Per Year Market, Goldman Sachs Says
Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs.
23-02-2022

21st Century, Siemens Energy Seal Turbine Technology Power Deal
Information technology company, 21st Century Technologies Limited, has struck a new deal with Germany-based energy company, Siemens Energy, to build 2 X 10MW SGT 400 turbine power plant for its data centre facilities.
Solar Power Panel
23-02-2022

LG to Exit Global Solar Panel Business
LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea.
Crude Oil
23-02-2022

Norway’s January Oil Output Sinks Below Predictions
Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a decrease compared to figures from December.
Rooftop PV System
22-02-2022

Solar Marketplace EnergySage Sells Controlling Stake to Schneider Electric
French electrical equipment group Schneider Electric has acquired a controlling stake in EnergySage that will see the US-based solar marketplace provider look to scale its business globally.
Hydrogen Project
22-02-2022

Green Hydrogen Platform Closes €200m Fund Raise
Green hydrogen investment platform Hy2gen has completed a €200m investment round.
Energy Investment
22-02-2022

Siemens Energy Top-10 Investor Urges Management to Buy Siemens Gamesa
Siemens Energy (ENR1n.DE) should buy the rest of wind turbine maker Siemens Gamesa (SGREN.MC) to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday.
Solar Cell
21-02-2022

China's PV Exports Rose 60% to $28.4b in 2021
China saw strong exports in photovoltaic products (PV) last year as the world picked up efforts to cope with climate challenges.
Coal Trade
21-02-2022

Russia, China Agree New Coal Deal for 100 Million Ton Supply
Russia and China have agreed on a new deal that will see Russia supply 100 million tons of coal in the "coming years" to its southern neighbor.
Hydropower Plant
17-02-2022

Guangdong No. 2 Hydropower Soars After Joining USD2.6 Billion New Energy Project
Shares of Guangdong No. 2 Hydropower Engineering surged nearly 10 percent after the renewable energy construction engineering company said it will participate in a new project with a total investment of up to CNY16.8 billion (USD2.6 billion).
Natural Gas
16-02-2022

Putin Says Nord Stream 2 Would Cement Europe's Energy Security
Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a "purely commercial" project which will strengthen Europe's energy security.
Oil Price
16-02-2022

China Petrol Shares Positive Start to Year of the Tiger
Chinese shares performed strongly on the first trading day of the Year of the Tiger, reversing the slumps before the Chinese New Year holiday.
Crude Oil
15-02-2022

Continental to Boost Oil Output by a Third in 2022
Continental Resources expects to increase oil output by as much as one third this year after snapping up assets in the Permian basin.
Saudi Arabia
14-02-2022

Aramco Shares Switch May Boost Saudi Renewables
Saudi Aramco, the world's largest oil-exporting company, transferred 4% of its shares to the kingdom's Public Investment Fund, which is expected to use the proceeds towards domestic projects.
Distributed energy
11-02-2022

Insurance Guarantee Instruments for African Energy Sector
The Norwegian Agency for Development Cooperation (NORAD) will provide grant funding to the African Trade Insurance Agency (ATI) of $56million over the next five years, driving private investment into the African energy sector.
Distributed energy
11-02-2022

Australia Awards $451k to Boost Distributed Energy in Low Voltage Areas
The Australian Renewable Energy Agency (ARENA) has announced funding worth AUD$451,167 (£239,243) for a demonstration project to boost the use of home solar power and batteries in low voltage areas.
11-02-2022

Nearly 20% of Scottish Firms ‘Expect to Reduce Operations Due to Rising Energy Prices’
One-in-five businesses in Scotland expect to reduce operations this year due to the increase in energy prices.
Energy Transition
11-02-2022

RWE to Spend €15bn on German Decarbonisation Portfolio
German utility RWE has announced a plan to invest €15 billion ($17.1 billion) to expand its portfolio of green energy in a move to accelerate the energy transition.
Solar Power Plant
11-02-2022

Iberdrola Adds 86MW to Portuguese Renewables Business
Spanish multinational utility Iberdrola is expanding its renewable energy business in Portugal by kickstarting the development of four clean energy projects.
France
11-02-2022

France Remains Europe’s Biggest Power Exporter Despite Winter Imports
France maintained its position as the biggest net exporter of power in Europe in the second half of 2021, despite an extreme reliance on imports at the beginning of winter.
Hydropower Plant
10-02-2022

Investments in Hydro Set to Increase in 2022 Says New Research
Hydropower capacity in 2022 is set to exceed 1200GW and investments will climb to $36.3 billion, new research from Rystad Energy has suggested, with hydro set to solidify its position as the most popular renewable energy source.
10-02-2022

Sumitomo Electric Secures US$200M Worth 400 kV High-Voltage Direct Current Submarine Cable Project in UAE
Sumitomo Electric Industries, Ltd. has received a limited notice to proceed (LNTP) from Samsung C&T Corporation to deliver a high-voltage direct current (HVDC) cable for Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE).

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