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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Australia
02-08-2021
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion, in a deal that would create a top-20 global oil and gas company.
Energy Investment
02-08-2021
Dhaka Seeks US-Investment in Off shore's Oil, Gas Exploration
Tawfiq-e-Elahi Chowdhury encouraged ExxonMobil officials to invest in Bangladesh during a meeting held with senior officials of ExxonMobil at the Bangladesh Embassy in Washington DC on July 30
Crude Oil
02-08-2021
Energy Import Bill up 131 pct in June 2021
Turkey's energy import bill increased by 131 percent to $3.63 billion in June this year compared to the same month last year.
Market Analysis
01-08-2021
Can G7 Countries Compete With China’s Belt And Road Initiative?
Following the expansion of Chinese-led projects in many emerging markets over the past decade, the G7 has unveiled its own initiative to support global infrastructure development, dubbed Build Back Better World.
Energy-Eficient Building
30-07-2021
KENYA: London Funds 10,000 Green Homes and Supports Electric Mobility
The UK government is announcing a series of green investments in Kenya, worth £132 million, more than $183 million.
Power Cable
30-07-2021
Nexans Publishes Half-year 2021 Earnings
"Nexans is now a structured, healthy and solid Group. We will continue to trigger structural value growth while amplifying our impact on energy transition,” says Christopher Guérin, Nexans’ CEO.
United States
30-07-2021
Tesla’s Solar and Energy Storage Business Rakes in $810M, Finally Exceeds Cost of Revenue
Tesla’s primary source of revenue comes from the sale of its electric vehicles, but its latest quarterly earnings report showed growth in its energy storage and solar business.
Energy Transition
30-07-2021
Chevron Sets up Energy Transition Unit, Names Company Insider As Head
Chevron Corp on Thursday announced the creation of a new unit to manage the second largest U.S. oil producer's low-carbon investments, with an initial focus on alternative energy sources like hydrogen and technologies including
Power Construction
30-07-2021
Clean Energy, Aging Grid to Get Big Boosts Under Infrastructure Deal
Measure includes funding for electric vehicle charging stations across the U.S., thousands of miles of new high-voltage transmission lines.
South Korea
30-07-2021
South Korea: Hyundai Oilbank Sells Storage Terminal Business
Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.
Italy
29-07-2021
Prysmian Energy Earnings Rise 12% in H1 2021
Growth attributed to volume increases and cost efficiency measures
Portugal
29-07-2021
EDPR Posts 13% Earnings Dip in H1 2021
EDP Renewables has reported EBITDA of €654m for the first half of 2021, a drop of 13% from the same period last year.
Smart Grid
29-07-2021
Iberdrola and EIB Sign Loan Agreement for Spanish Electricity Infrastructure
The loan is intended to help improve the reliability, efficiency and security of Spain's renewable energy supply.
China
28-07-2021
China Energy Engineering Group Merges with China Gezhouba Group
After the merger is completed, Gezhouba Group will terminate its listing.
Electricity Transmission
28-07-2021
RBC Bearings to Acquire ABB’s Power Transmission Division for $2.9bn
The transaction is intended to create a manufacturer of performance-critical bearings and motion control components.
Energy Investment
28-07-2021
Iberdrola, EIB Sign €550m Spanish Smart Grid Loan
The European Investment Bank and Iberdrola have signed a €550m green loan agreement to support the development, modernisation and digitalisation of the company’s electricity distribution networks in several Spanish regions.
Energy Investment
28-07-2021
IVORY COAST: EAIF Lends €25m for the Singrobo Hydroelectric Dam
The funding is for the construction of the Singrobo hydroelectric dam in southern Ivory Coast.
Energy Investment
27-07-2021
Singapore's GIC invests $240 mln in Arctic Green Energy
Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm's expansion in Asia and Europe.
Rosatom
26-07-2021
Cooperation Agreement was Signed Between Rosatom State Atomic Energy Corporation and DP World Corporation
Which took place in St. Petersburg, a Cooperation Agreement was signed between Rosatom State Atomic Energy Corporation and DP World Corporation, a global leader in integrated digital logistics.
Energy Investment
26-07-2021
Honduras Spends 52% more on Oil Imports in First 5 Months 2021
he increase in the oil bill in the first five months of 2021 is due to the rise in the international price of oil, influenced by the reactivation of the economies of the rest of the world, mainly the United States.
CCS
23-07-2021
UK’s Carbon Capture Plan Carries A Hefty Price Tag
The cost of development of clean hydrogen and greenhouse gas removals could surpass £40bn by 2035, according to a new report by the UK’s carbon capture trade body.
Coal Mine
23-07-2021
Cokal Executes Funding Agreement for BBM Coking Coal Project
The binding capital participation agreement is for the provision of US$20 million in funding and has been entered into with International Commodity Trade Pte Ltd.
Emissions Trading System
22-07-2021
Sinopec Completes the First Bulk Agreement Transaction in China's Carbon Market
Sinopec successfully completed the first major agreement transaction in the national carbon market, buying 100,000 tons of national carbon market carbon allowances from China Resources Group.
Wind Farm
22-07-2021
Cubico Completes Greek Wind Farm Purchase
It has acquired the owner of two operational onshore sites from Enora
South Africa
19-07-2021
ArcVera Renewables’ New Permanent Office in Cape Town Strengthens Pperations in Southern Africa
This move underpins South Africa’s growing importance as a strategic market for ArcVera Renewables.
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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
