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OPEC Chief Stresses Energy Cooperation With China
Wind Turbine
23-06-2021
Sulzer Schmid Closes Series B Round to Drive Its Transition from Tech Start-up to Major Enterprise
Sulzer Schmid, a Swiss company pioneering UAV technology for wind rotor blade inspections, announced today that it has completed a series B round.
Energy Transition
22-06-2021
Japan Pledges $10 billion Financial Support for Asia’s Energy Transition
Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-fired power generation from coal-fired power to help with an energy transition.
Energy Investment
22-06-2021
Aramco Closes $12.4bn Pipelines Deal with EIG-led Consortium
Sale of a 49% stake in Aramco Oil Pipelines attracted investors from North America, Asia and the Middle East
Energy Investment
22-06-2021
UAE was the World's 15th-Biggest Recipient of Foreign Investment Last Year
The Emirates secured more capital from global investors than the UK in 2020
Thermal Plant
21-06-2021
Adani Power to Acquire 1,200 MW Essar Power's Mahan Project
The country's largest power producer in the private sector, Adani Power Limited, will acquire the 1,200 megawatt Essar Power's Mahan Project
Energy Transition
21-06-2021
Amara Raja Plugs into New Energy
The auto battery major gears up for electric mobility with new leadership
China Belt and Road
20-06-2021
China's Investment into BRI Countries Expands in Jan.-May
China's outbound direct investment into countries involved in the Belt and Road Initiative increased in the first five months, official data showed.
Crude Oil
17-06-2021
Shell Considering Sale of Holdings in Largest U.S. Oil Field, Worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its most profitable oil-and-gas assets and grow its low-carbon investments.
Electric Car
17-06-2021
GM To Boost EV Investments By 35% By 2025
GM plans to increase investments in electric vehicles by 35 percent from earlier plans over the next five years to $35 billion as the company eyes one of the top spots in this market.
Energy Investment
16-06-2021
Thailand Coal Power Company Acquires Solar Farms in Australia
The acquisition is part of the company’s commitment to greener energy.
Hydrogen Project
15-06-2021
Report: Egypt to Invest up to $4B in Green Hydrogen Project
Egypt is planning to invest up to $4 billion in a project to generate green hydrogen via electrolysis
Coal Mine
13-06-2021
Vale to Pay US$2.5 billion to Acquire Coal Assets
With the settlement of the project finance, all conditions precedent for the completion of the transaction for the acquisition of Mitsui's stakes in the Moatize coal mine and the NLC are fulfilled...
Substation
12-06-2021
SPX to Sell Transformer Solutions Business to GE-Prolec
US-based infrastructure company SPX has signed an agreement to sell its Transformer Solutions business to GE-Prolec Transformers, together with its affiliates Prolec GE, for $645m.
China
11-06-2021
Shares in Group Linked to China’s Three Gorges Dam Surge on Debut
China Three Gorges Renewables Group’s stock surged by 44 per cent on its debut after the company raised $3.6bn in China’s largest initial public offering of 2021.
Energy Investment
10-06-2021
Singapore Places $1.8 billion for Green Investments
At a news conference on Wednesday, Ravi Menon, managing director of Monetary Authority of Singapore said the funds were placed from Singapore's official foreign reserves as part of the central bank's green investment program.
Electric Car
10-06-2021
Volkswagen Invests $620 million in Northvolt to Secure Battery Supply
The investment, part of a $2.75 billion funding round launched by the maker of lithium-ion batteries, will keep Volkswagen's stake stable at around 20% and follows an initial 900 million euro investment in 2019.
Energy Investment
10-06-2021
Saudi Arabia Loans Rs37bln for Mohmand Hydropower Project
Saudi Arabia has approved 901 million Saudi Riyal loan for construction of 800 megawatts Mohmand hydropower project in Pakistan, a foreign envoy said on Wednesday.
Trinidad and Tobago
09-06-2021
Trinidad and Tobago Laying the Foundation for a Hydrogen Economy
Hydrogen featured in Keith Rowley’s, Prime Minister of Trinidad and Tobago, speech on energy with the nation said to be exploring feasibility and regulatory aspects of a hydrogen economy.
EV Market
07-06-2021
Tesla's China Orders Fall by Nearly Half in May
Tesla Inc's vehicle orders in China nearly halved in May from April, against the backdrop of increased government scrutiny on the US electric carmaker.
Wind Power Project
07-06-2021
Engie Closes Financing of 150 million Dollars for Future Punta Lomitas Wind Power Plant
Engie Energía Perú closed a financing for 150 million dollars for up to 12 months in order to finance part of the estimated investment to develop the future Punta Lomitas Wind Farm.
Wind Power Tower
06-06-2021
CS Wind Takes over World's Largest Wind Tower Plant in the U.S.
CS Wind, the world's No. 1 wind turbine tower manufacturer, announced on June 3 that it has acquired a 100 percent stake in a U.S. plant of Danish wind turbine manufacturer Vestas for US$150 million.
Power Construction
05-06-2021
Canada Invests Over $960 Million in Grid Modernization, Renewable Energy Projects
The Smart Renewables and Electrification Pathways Program supports building Canada's low-emissions energy future and a renewable, electrified economy.
Hydrogen Technology
05-06-2021
SK Makes Strategic Investment in Clean Hydrogen Company Monolith; “Cyan Hydrogen”
SK Corp, the holding company of SK Group, has made a strategic investment in Monolith, a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green and blue
Rosatom
04-06-2021
Schneider Electric and Rosatom Expand Cooperation
Schneider Electric and Rosatom signed an agreement to extend a 2015 Memorandum of Understanding.
Energy Storage Project
04-06-2021
Agilitas Energy Acquires New England Energy Storage Project Developer
Renewable energy developer Agilitas Energy announced it has acquired Boston-based New England Battery Storage, a private energy storage developer focused on utility-scale battery-based projects.
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