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OPEC Chief Stresses Energy Cooperation With China
Digitalization
07-04-2021
Dubai's Enoc Plans to Spend Dh250m on Digital Transformation
The company has already begun training staff on the role digitalisation will play in its growth over the next 15-20 years
Energy Investment
03-04-2021
Greece’s Recovery Plan to Invest €10bn in Clean Energy
The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
South Korea
02-04-2021
Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy
Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especially the hydrogen economy.
Electric Vehicle Battery
02-04-2021
South Korean EV Battery Makers Losing Market Share to CATL and BYD
The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.
Electricity Transmission
02-04-2021
NextEra Energy Transmission acquires GridLiance for $660m
US-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP (GridLiance) from affiliates of investment firm Blackstone.
China
02-04-2021
Sinochem, ChemChina Merger Finally Wins Approval
Chinese state-owned firms Sinochem and ChemChina have finally received merger approval from the SASAC, kicking off a long-awaited consolidation of the two companies with a combined asset value
Solar Company
02-04-2021
GCL-Poly, GNE to Sell 790 MW of Chinese Solar Plants to Cut Debt
Chinese polysilicon maker GCL-Poly Energy Holdings Ltd and its troubled solar plants operating unit GCL New Energy Holdings Ltd, or GNE, are preparing to sell interests in 790 MW of solar assets to a unit of China Three Gorges Group
Energy Transition
01-04-2021
Japan to Speed up Investment in Energy Transition
The Japanese government is working on domestic guidelines for local financial institutions providing climate transition finance, as part of efforts to create an efficient environment on energy transition investment in the run-up to 2050.
Hydropower Plant
01-04-2021
ADB Approves Loan for Hydro Construction in Pakistan
A 300MW hydropower plant to be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa Province, Pakistan, is to receive a $300 million from the Asian Development Bank to aid construction costs.
Energy Investment
29-03-2021
Saga Pure Takes 33% Stake in Liquid Hydrogen Storage Technology Company
Following the private placement, Saga will have an ownership of approximately 33% in the company.
29-03-2021
Octopus Energy Group to Acquire Sister Company Octopus Renewables
UK-based Octopus Energy Group has announced plans to acquire its sister company Octopus Renewables.
SINOPEC
29-03-2021
China's Sinopec Raises 2021 Capital Expenditure by 23.8%
Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on shale gas development in southwest China and construction of liquefied natural gas terminals in coastal areas, up from 56.4 billion yuan last year.
Crude Oil
29-03-2021
Start of Trading in Abu Dhabi's Murban Futures a 'New Era' for Global Oil Markets
onday start for contracts for future delivery of UAE's flagship crude listed on international commodities exchange at ADGM
United States
28-03-2021
Apple to Generate 1.2GW from 2020 Green Bond Projects
American multinational technology company Apple has announced that it will generate 1.2GW of renewable energy capacity from the green bonds the firm issued in 2020.
Liquid Hydrogen
28-03-2021
Saga Pure Invests $3.5m in Liquid Hydrogen Storage Technology Company
Saga Pure is to take a 33% stake in IC Technologies, a company developing a novel storage solution for liquid hydrogen and liquified natural gas.
Energy Investment
28-03-2021
UK Funds 254MW Clean Energy Projects in South Africa
UK Government’s International Climate Finance programme, UK Climate Investments, has financed a total of 254MW of clean energy projects in South Africa.
26-03-2021
RWE Secures BBB+ Fitch Rating
Agency acknowledged German energy company’s focus on expanding renewables capacity
26-03-2021
Noble Corp. to Combine with Pacific Drilling
Offshore drilling contractors Noble Corporation and Pacific Drilling have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.
Wind Farm
26-03-2021
RWE Makes Investment Decision on Sofia Offshore Wind Farm, UK
RWE has made a financial investment decision on its largest offshore project, the 1.4GW Sofia Offshore Wind Farm, in the UK.
Energy Investment
26-03-2021
Air Liquide to Invest €8bn in the Low-Carbon Hydrogen Supply Chain
Air Liquide is accelerating its hydrogen developments to at least triple its turnover to more the €6bn by 2035, the industrial gas giant has confirmed.
Energy Storage Battery
25-03-2021
VEST Energy Announces Battery Trading Agreement with IBNE
Cleantech trading house VEST Energy has signed a long term battery trading and offtake arrangement with Infra Balance New Energy.
United Kingdom
25-03-2021
Scottish Renewables Calls for Storage 'Price Floor'
Vital electricity storage capacity needed to help the UK meet its net-zero target should be supported by an innovative funding mechanism, new research from Scottish Renewables has found.
Rosatom
25-03-2021
Russia’s State Run Nuclear Energy Firm Buys 49% Stake in Korean Lithium-ion Battery Maker
A subsidiary of Russian state-controlled nuclear energy firm Rosatom has taken a 49% share of Enertech International, a South Korean manufacturer of electrodes, lithium-ion storage cells and energy storage systems.
Energy Investment
24-03-2021
Scatec to Invest $11.6bn in Renewables for 15GW Capacity Target
Renewable energy company Scatec has announced an investment of $11.6bn to increase its renewable energy generation capacity by 2025.
Solar Power Plant
23-03-2021
Downing Acquires 96MWp UK Solar PV Seed Assets Portfolio
Downing Renewables & Infrastructure Trust has acquired a 96MWp portfolio of UK solar PV assets for £42 million.
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