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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Australia
03-02-2022
Australia’s NSW Raises Renewable Energy Zone Capacity
NSW also has plans to develop hubs for developing hydrogen and ammonia from renewable energy sources.
Nuclear Power Plant
27-01-2022
Britain to give EDF’s Sizewell C Nuclear Project $135 mln Support
Britain will give 100 million pounds of support to France’s EDF to help it build the Sizewell C nuclear plant in Suffolk, England and encourage new investors in the project
Energy Investment
26-01-2022
Hyundai Engineering to Expand Business in Energy Sector
According to the company, its investments in plastic recycling and carbon dioxide recycling will be 530 billion won and 350 billion won, respectively.
Carbon Neutral
25-01-2022
FFI Announces WAE Acquisition Plans to Achieve Carbon Neutrality
Fortescue Future Industries has today entered into an agreement to acquire Williams Advanced Engineering (WAE) as it targets net-zero by 2030 with both hydrogen and battery technologies.
United Arab Emirates
25-01-2022
Dubai Energy Demand Rises 10% in 2021 Amid Economic Recovery
Total demand in the emirate reached 50,202 gigawatt-hours last year.
Solar Power Plant
25-01-2022
Shell Acquires Solar-Konzept Italia
Shell has acquired 100% of solar development company solar-konzept Italia Srl from solar-konzept International GmbH.
Japan
22-01-2022
Tokyo Gas makes 1GW Nordic Clean Power Move
Deal struck to buy 50% of EWII Production, which will then be renamed TOWII Renewables
Offshore Wind Power
20-01-2022
China Three Gorges Power to Invest $6.5bn in Offshore Wind Power
Chinese state-owned power firm China Three Gorges Corporation is to spend $6.5 billion on three off-shore wind farms in Guangdong province amid schemes to diversify its portfolio.
20-01-2022
Vestas Named Most Sustainable Company in the World
Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in the 18th annual ranking of the world’s most sustainable corporations, published by Corporate Knights.
Energy Investment
20-01-2022
Minister of Energy in Uganda Weighs in on Umeme Investments
With the expiry of concession in sight, the Ministry of Energy and Mineral Development in Uganda has recommended the halting of new investments by Umeme.
Market Analysis
20-01-2022
Brazilian Energy Demand Grows 4.1pc in 2021
Brazil's energy consumption in 2021 grew by 4.1pc from the previous year to an average 64,736 MW
Singapore
19-01-2022
PetroChina Becomes Top 2021 Singapore Bunker Supplier
Chinese state-controlled PetroChina's Singapore subsidiary was the largest physical supplier of bunkers in Singapore last year.
19-01-2022
Together Energy Becomes the First Supplier to Collapse in 2022
The collapse leaves around 176,000 domestic customers behind
Oil Field
18-01-2022
TotalEnergies and Inpex Sell Shares in Mature Angolan Fields
French energy major TotalEnergies and Japanese player Inpex have agreed to sell a company holding two blocks located offshore Angola to an Angolan company as part of its strategy focusing on assets with low cost and low emissions.
Carbon Neutral
18-01-2022
Xi Addresses 2022 WEF Virtual Session
Achieving carbon peak and carbon neutrality are the intrinsic requirements of China’s own high-quality development and a solemn pledge to the international community.
RCEP
17-01-2022
RCEP to Boost Engine Company
Yuchai charts plans to expand and introduce more green products to overseas markets
Energy Investment
16-01-2022
Econergy Completes Acquisition of Swangate Energy Storage
European renewable energy project developer and operator, Econergy Renewable Energy, has successfully acquired a 100% share of Swangate Energy Storage Ltd, a 50MW storage project located in Yorkshire, Northern England from Yoo Energy.
Energy Storage Battery
14-01-2022
Econergy Acquires 50MW UK Storage
The Israeli developer has secured a 100% share for the Swangate project in Yorkshire
Oil Refinery
13-01-2022
Saudi Aramco Buys Stake In Refinery In Russia’s Backyard
Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refinery.
Energy Investment
13-01-2022
Apicorp and IsDB Collaborate on $1bn Infrastructure Financing Initiative
The multilateral lenders aim to address low private sector participation in funding energy projects
Energy Investment
12-01-2022
Invenergy Secures $3bn from Blackstone to Drive Clean Energy Platform
Chicago-based multinational utility Invenergy is set to expand its renewable energy business after securing approximately $3 billion in investment from global asset manager Blackstone.
Natural Gas
12-01-2022
Go Fuel Retail Additional Expansion Approved
Oil & Gas Regulatory Authority has granted permission to Gas & Oil Pakistan Limited to operate additional fuel storage facility as well as expand fuel retail network.
Market Analysis
11-01-2022
Goldman Sachs Invests in Hydrostor Energy Storage
Hydrostor Inc., a long-duration energy storage solution provider, has announced a preferred equity financing commitment of US$250 million from the Private Equity and Sustainable Investing businesses within Goldman Sachs Asset Management.
RCEP
11-01-2022
Japan Faces Dilemma of Standing with RCEP Stipulations
Economic ties between Japan and China face a test as Japan is being instigated by the US to curb technology exports to China.
Egypt
10-01-2022
Egypt Makes Great Strides Toward Green Economy
Egypt has made great strides in implementing its national strategy on green economy and is expanding its investments to carry out eco-friendly projects to improve the quality of life for its citizens.
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