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MENA Gas Investments Surge to $126bln
EU Bank Acquires 25% Stake in Romanian Gas Company
The European Bank for Reconstruction and Development is strengthening energy security in Moldova with the acquisition of a 25% stake in Vestmoldtransgaz.
BP to Sell London Headquarters as Work Style Shifts
BP Plc plans to sell its headquarters in central London as it cuts jobs and adopts flexible working.
Centrotec Taking Control of Solar Module Maker Sonnenstromfabrik
German heating and ventilation equipment provider Centrotec SE has agreed to take over PARI Group AG.
Aveva to Acquire Digital Company OSIsoft for $5bn
Industrial software company AVEVA is to acquire US digital solutions firm OSIsoft for $5bn.
Actis to Acquire Green Energy Projects from ReNew Power in India
UK-based private equity firm Actis has reportedly started talks to acquire more than 550MW capacity of green energy projects from Indian company ReNew Power.
KEPCO KPS to Acquire Manikaran’s Stressed Power Assets in India
Korea Electric Power Corporation KPS has reportedly planned to acquire and operate stressed power plants from Manikaran Power in India.
Tesla Now Worth more than Exxon Mobil, Shell and BP Combined
Nothing slows down Tesla on its rise. Last Thursday, the action of the firm reached the symbolic mark of 2,000 dollars
South Korea’s Renewables Investments to Top $46bn By 2030
South Korea’s renewables investments are expected to exceed $46 billion by 2030.
Japan Steps up Renewables Investment to Beat 2030 Target
Japan will invest more than $100bn in wind and solar generation before 2030.
Brazil's Omega Geração Buys Stake in EDF Renewables Wind Farms
It added that it was in talks to buy additional wind farms with 265 MW in capacity and has until December to make an offer.
Saudi Energy Ministry to Assist Development of Mega Economic Zone Neom
The 26,500 square km development, first revealed in 2017 with a planned completion in 2025, will include high-tech projects powered by wind and solar energy.
Nova Pangaea Set for Expansion Following £900,000 Funding Round
Nova Pangaea Technologies, the U.K. company which sustainably converts biomass into valuable feedstocks for biofuels.
After Abandoning Coal, Suncorp will Phase Out Oil and Gas Financing
One of Australia’s largest insurers Suncorp has announced a significant retreat from fossil fuels, declaring it will not directly finance or insure new oil and gas projects.
Indian Energy Exchange To Launch Renewable Energy Trading On August 21
Power regulator Central Electricity Regulatory Commission had given the nod on August 17 to commence green term-ahead market in the country.
Turkey Set to Receive $35 billion in Libya Contracts
Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another deal on August 13...
Solar Power Panel
Sonnedix Secures Financing for Solar Portfolio in Spain
Independent solar power producer Sonnedix has secured $183m (€154m) in funding for 62 solar photovoltaic (PV) plants in Spain.
Warren Buffett Sells Stake in Oil Giant Occidental Petroleum
Warren Buffett’s Berkshire Hathaway has sold its common stock interest in Occidental Petroleum.
BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize
BP and Pale Blue Dot were among winners of the 2020 Offshore Achievement Awards during a virtual ceremony on 14 August.
Offshore Wind Power
Apollo Funds to Acquire Stake in US Wind to Fund Offshore Project
Apollo Global Management has announced that its affiliates have acquired a stake in offshore wind energy development company US Wind.
Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help
Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor.
Opdenergy Completes $103 Million Financing for Two Projects in Chile
OPDEnerg, a company that specializes in the development, financing, construction and operation of renewable assets, has announced the closing of a $103 million financing for two of its landmark projects in Chile.
Iran Considers Allowing People to Invest in Oil on Local Exchange
Iran is considering letting residents invest in oil on the domestic energy exchange.
US Clean Energy Job Recovery Stalled to a Trickle in July
The recovery of clean energy jobs in the US slowed a trickle last month as trade associations have warned it could take years for jobs to return in full without support from Congress.
Nuclear Power Plant
E.ON Sells German Nuclear Power Ahead at Above-Market Prices
German utility E.ON said on Wednesday it has sold forward 73 per cent of its 2021 nuclear power generation and 46 per cent of its 2022 output at prices above the current wholesale market.
EDP Renewables to Divest 242MW Onshore Wind Farm Portfolio
Portuguese utility firm EDP is to sell a portfolio of seven onshore wind farms in a €426 million ($502 million) deal.
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Total Drives Green Strategy With €500m Zero-Crude Project
Vietnam Requires $133.3bn in Power Investment By 2030
Europe Announces First-Ever Renewable Energy Institute
NextEra Energy to Acquire Power Transmission Company GridLiance
ExxonMobil to Cut European Workforce By 1600
Jordan to Leverage €1.4 million EIB Grant to Boost Municipal Efficiency Programmes