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Energy Economy

Google signs PPAs on 400-MW Texas solar project portfolio

Google signs PPAs on 400-MW Texas solar project portfolio

Energy Investment
07-12-2024

Offshore Wind and Marine Energy Projects Get USD 18 Million Boost From US
The US Department of Energy (DOE) has allocated over USD 18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies.According to the US DOE, these initiatives, which will be undertaken across 17 u
Energy Investment
05-12-2024

Türkiye to Invest $10B in Energy Storage to Boost Wind Power and Photovoltaic Solar Energy
Türkiye is making significant strides toward its 2053 net-zero carbon emissions goal by ramping up investments in energy storage systems according to Türkiye daily.The Energy Market Regulatory Authority (EMRA) approved a 35-gigawatt-hour
Tender/bid
03-12-2024

Petrobras Fires the Starting Gun on Bid Battle for Two New Brazil-Bound FPSOs
Brazil’s state-owned oil and gas giant Petrobras has kicked off a new procurement process to secure two more floating production, storage, and offloading (FPSO) vessels, which will be deployed in the Sergipe Alagoas Basin off the coast of Brazil
Energy Investment
30-11-2024

Naturgy and the EIB Agree on a €1 Billion Loan to Invest in Solar Photovoltaic and Onshore Wind Energy Projects in Spain
Naturgy and the EIB have signed a first tranche of this financing worth €400 million of the total approved €1 billion. The loan will finance the start-up of new renewable energy plants and the repowering and hybridisation of existing one
Energy Investment
29-11-2024

Sulmara Secures £15M Cash Boost
Image: SulmaraBGF has made a £15m investment in Sulmara, an independent provider of survey and inspection services to the offshore wind and energy markets.BGF’s investment will support Sulmara’s continued growth trajectory, i
Energy Investment
28-11-2024

Venterra Secures £30M Funding Boost
Image: Zoltan Tasi/UnsplashGlobal offshore wind services business Venterra Group is set for growth following an uplift in UK Export Finance (UKEF) backed funding from HSBC UK.The bank has supported the UK-headquartered Venterra with a £30m perfo
Energy Investment
28-11-2024

Crown Estate Scotland Pours Funds Into Offshore Wind Research
Crown Estate Scotland has pledged £250 000 to support the Floating Offshore Wind Centre of Excellence, led by the Offshore Renewable Energy (ORE) Catapult. The funding will bolster the Environmental Interactions Strategic Programme (EISP), a mul
Energy Investment
27-11-2024

Rotterdam Energy Transition Fund Backs Value Group to Drive Development of CO2 Hub
Value Group, the Netherlands-based sustainability innovation company uniting Value Maritime and Value Carbon, has secured a €2 million investment from Rotterdam Energy Transition Fund (ETF-R), a €100 million investment fund of the City o
Energy Investment
26-11-2024

Renewed Focus On Energy Security Prompts Nearly $2 Trillion Investment in Clean Energy Since 2020, Iea Finds
The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sect
Energy Investment
25-11-2024

Singapore Government to Invest Sgd$100 Million to Boost Growth in Offshore Energy Over the Next 5 Years
The Singapore Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry, Alvin Tan, has announced a new SGD$100 million support package for marine and offshore engineering companies, aimed at fostering growth
United States
25-11-2024

Argonne Leads $50M Sodium-Ion Innovation Push
The US Department of Energy (DOE) has awarded $50 million over the next five years to establish the Low-cost Earth-abundant Na-ion Storage (LENS) consortium. Led by DOE’s Argonne National Laboratory, the consortium includes DOE’s Brook
Energy Investment
25-11-2024

$111 Billion Investment on Petrobras’ Five-Year Agenda
Brazil’s state-owned oil and gas giant Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision. While the first en
Tender/bid
23-11-2024

Ocean Winds Exits Utsira Nord Partnership
Image: PixabayOcean Winds has pulled out of a three-company consortium due to bid in Norway’s upcoming floating wind tender, the second company exit the partnership.The move has now left Norwegian state power group Statkraft without any bidding
Energy Investment
22-11-2024

£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
British Patient Capital has announced an £8m investment into Tokamak Energy as part of a $125m financing round aimed at advancing the commercialisation of fusion energyImage: Tokamak EnergyBritish Patient Capital has committed £8 milli
Decarbonization
22-11-2024

Funding Helps School Decarbonise Heating With Air Source Heat Pumps
A secondary school in Ruthin, North Wales, has replaced its gas boilers with renewable air source heat pumps, thanks to funding from the Welsh GovernmentImage: JM Renewable SolutionsYsgol Brynhyfryd, a secondary school in Ruthin, North Wales, has decarbon
Tender/bid
22-11-2024

Axpo Awarded Energy Tender From French Government
Axpo’s solar and wind divisions have secured a combined capacity of 163 MW in two recent public tenders organised by the French government. The results reinforce Axpo’s position as a leading international producer of renewable energies
Renewable Energy
21-11-2024

Construction Begins on £9M Green Energy Hub in Aberdeen
The project will provide advanced manufacturing, collaboration spaces, and entrepreneurial support for renewable energy firmsImage: ETZ EnergyWorksConstruction has started on ETZ EnergyWorks, a £9.1 million facility in Aberdeen dedicated to adva
Energy Investment
21-11-2024

Ofgem Proposes £8BN Fund to Accelerate Clean Energy Projects
Ofgem is consulting on a new investment fund worth up to £8 billion to help Britain’s energy transmission owners speed up clean energy projects and cut costsOfgem has unveiled plans for a multi-billion-pound fund to accelerate Britain&
Energy Investment
20-11-2024

U.S. DOE Invests Nearly US$15 Million to Enhance Hydropower’s Ability to Support Electricity Grids
The U.S. Department of Energy (DOE) has announced nearly US$15 million for nine research and development projects to increase hydropower's ability to respond to changing demand on the electric grid. This ability to operate flexibly allows hydropow
Energy Investment
19-11-2024

Masdar and SOCAR Green Achieve Financial Close for Solar Projects in Azerbaijan
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and SOCAR Green, a wholly-owned subsidiary of SOCAR dedicated to sustainable projects, have reached financial close for the 445 MW Bilasuvar and 315 MW N
Energy Investment
16-11-2024

Octopus Exceeds $2bn Offshore Wind Investment in Just Two Years
Octopus Energy has surpassed $2 billion in offshore wind investments in two years, aiming to accelerate global offshore wind developmentsOctopus Energy has announced that its generation arm has surpassed $2 billion (£1.5bn) in offshore wind inve
Energy Investment
16-11-2024

DOE Awarding $20.2M to 10 Projects to Advance Development of Mixed Algae for Biofuels and Bioproducts
The US Department of Energy’s Bioenergy Technologies Office (BETO) and Office of Fossil Energy and Carbon Management (FECM) announced $20.2 million in funding for 10 university and industry projects to advance mixed algae development for low-car
Energy Investment
16-11-2024

DOE Awarding $4M to 10 Projects to Support High-Performance Computing in Manufacturing
The US Department of Energy (DOE) is awarding $4 million to projects across 8 states that will harness the processing power of the world’s most powerful supercomputers and the lab experts who operate them to tackle today’s toughest man
Energy Investment
15-11-2024

The EU Wind Power Gets €5 Billion EIB Investment Support
The European Investment Bank (EIB) is starting a €5 billion program to help European companies that make wind energy equipment by giving Deutsche Bank AG in Germany a €500 million counter-guarantee. Deutsche Bank will be able to set up a
Energy Investment
15-11-2024

Capital Dynamics Selected for UK Energy Investment
Capital Dynamics, an independent global private asset management firm, has announced that Border to Coast Pensions Partnership (Border to Coast), the largest Local Government Pension Scheme (LGPS) pool, has committed £48.5 million to Capital Dyn

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