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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Romania
10-12-2021
OMV Petrom to Install 1 GW of Renewables in Romania by 2030
In its EUR 11 billion investment plan for the current decade, OMV Petrom earmarked more than 35% for low and zero carbon opportunities.
Power Construction
10-12-2021
EETC Invested $490m in Grid Improvements over Fiscal Year
The Egyptian Electricity Transmission Company has revealed it invested over $490 million in improvements to the electrical grid during the fiscal year 2020-2021.
Hydrogen Technology
10-12-2021
SK Gas Makes Investment in C-Zero, U.S. Turquoise Hydrogen Producer
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.
LNG
09-12-2021
Jera Invests in Barossa Gas Field, Joins Darwin LNG Project
Japanese energy giant JERA will buy a 12.5 per cent stake in the Barossa gas field, thus participating in the Darwin LNG project in Australia.Courtesy of Santos
Energy Storage Battery
09-12-2021
UK Battery Storage Facility Acquired by TagEnergy
Global clean energy enterprise TagEnergy has increased its UK presence with the acquisition of a 100% stake in the Lakeside 99.9 MW battery storage facility in North Yorkshire from independent renewable energy company RES.
Energy Investment
08-12-2021
Woodside to Invest $7b in Emerging Energy
Oil and gas supplier Woodside will invest $7 billion in low carbon energy by 2030 while still benefiting from a recently-announced merger with BHP's petroleum business.
Energy Investment
07-12-2021
Equinor Invests in Battery Storage Company
The agreement includes the acquisition of a 45% stake in Noriker, with an option to acquire the full company at a later stage.
Energy Investment
07-12-2021
Acwa Power Signs Deal with Natixis to Secure Funding for New Projects
French bank could finance up to $2bn of the Saudi energy company's initiatives over the next two years
Rosatom
06-12-2021
ROSATOM's Executives Discussed the Role of Energy Technologies in Combating Climate Change at the Global Impact Conference 2021
The event was held with the support of ROSATOM, Euronews, Europe's leading news channel, UN Global Compact, and VK as a digital partner.
06-12-2021
Waga Energy and Meridiam Secure Refinancing of Four Biomethane Units from French Banks Consortium
The deal underpins Waga Energy’s ability to rely on financial institutions to deploy its innovative WAGABOX® gas-to-biomethane technology.
Hydrogen Project
06-12-2021
Huge $2.6 billion Green Hydrogen Project Planned for Europe
Hydrogen, which has a diverse range of applications and can be deployed in a wide range of industries, can be produced in a number of ways.
Solar Company
03-12-2021
Canadian Solar Raises €30m War Chest
Fundraising will support build out of company’s 4.6GW solar portfolio and 2GWh battery portfolio
Nuclear Fusion
03-12-2021
Equinor Ventures Increases Investment in Fusion
Equinor Ventures, the venture capital arm of Equinor, is increasing its investment in Commonwealth Fusion Systems as part of the Series B funding round to raise more than $1.8 billion to commercialise fusion energy.
02-12-2021
Iberdrola to Increase Energy Prices from January 1
Iberdrola Ireland said it will increase its gas and electriciy prices from January 1, becoming the latest energy supplier to announce price hikes.
Solar Power Plant
02-12-2021
UK Fund Finances Two Solar Projects
Investment in 115MW sites part of £500m fundraiser to double the amount of subsidy-free PV
02-12-2021
‘The Energy Sector is Ripe for Disruption’ Says Siemens Chief
“After COP26, no-one would dispute that the energy sector is ripe for disruption. We have to go through profound change.”
Hydrogen Technology
02-12-2021
Centrica Acquires a Stake in Green Hydrogen Technology Company
UK utility Centrica has acquired a minority stake in HiiROC, a company that has developed a technology to convert biomethane and flare gas, or natural gas into green hydrogen.
Oil Field
01-12-2021
Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field
The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers
Electricity Transmission
30-11-2021
Resurgent Power to Buy India's Transmission Line Project
Singapore-based Resurgent Power Ventures Pte Ltd has been nominated to acquire 100 percent stake in India's transmission power line project.
Electric Car
30-11-2021
German Car Exports Fall in 3Q, EVs Buck Trend
German car exports fell in the third quarter because of semiconductor shortages and supply chain bottlenecks, but electric vehicle exports grew.
Energy Investment
28-11-2021
UAE to Invest in Renewable Energy Projects of 3 GW in Turkey
The United Arab Emirates’ sovereign investment fund ADQ inked a strategic cooperation agreement with the Turkish Presidency Investment Office that includes 3 GW in renewable energy projects.
Energy Investment
26-11-2021
Germany Announces €1.2 bn to Help India Fight Climate Change
The IPCC released earlier this year found that both India and Germany will suffer more extreme events due to climate change.
Energy Transition
25-11-2021
E.ON Plans to Invest $30bn in Energy Transition by 2026
E.ON’s investment will also focus on expanding its distributed energy infrastructure solutions.
United States
24-11-2021
US Storage Player Offloads Stake
Apollo Funds will acquire 50% share in Broad Reach Power from existing investor EnCap and its partners
RCEP
24-11-2021
Upgraded China-ASEAN Partnership Amplifies RCEP co-op
HF SPIRIT, a freighter sailing from Jakarta, capital of Indonesia, arrived at the Qinzhou Port in south China's Guangxi Zhuang Autonomous Region on Nov. 20, bringing five reefer containers filled with fresh fruit.
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Most views from Energy Economy
1
TSEA Energy to invest $25m in North Carolina facility to boost US grid manufacturing
2
Patel Engineering wins Rs 230.7 crore Bhutan hydro project package
3
ADB and Acwa sign US$116 million financing package to support wind power in Uzbekistan
4
Google signs PPAs on 400-MW Texas solar project portfolio
5
Equinor aims to sell 8% stake in solar energy firm Scatec
6
Aukera Secures €48.5 Million IFC Financing for Romania Battery Storage Project
