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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
30-12-2024

Spain Has 29 Projects From the EU Innovation Fund, With More Than 1,286 Million in Aid
Spain has a total of 29 projects awarded under the EU Innovation Fund, linked to a volume of aid of 1,286 million euros, making it the country with the most beneficiary projects.The projects, widely distributed geographically, will be developed in very di
Energy Investment
27-12-2024

‘First-ever’ Blue Bond in MENA Region Sees Light of Day
Dubai-based terminal operator DP World has issued a staggering $100 million blue bond, becoming the first company in the Middle East to mark this ‘milestone’.Credit: DP WorldAccording to DP World, the blue bond will aim to fund environ
Energy Investment
28-12-2024

Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity
The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next year, which is set at RUB 1.52 trillion (almost $15.22 billion), a drop of about 7% comp
Energy Investment
25-12-2024

SCZONE Secures $64B in Green Hydrogen Investments With 12 Framework Agreements for 18M Tons Annual Production
The Suez Canal Economic Zone (SCZONE) has attracted $64bn in green hydrogen investments through 12 framework agreements, according to SCZONE Chairperson Waleid Gamal El-Din. This was announced during a meeting with Egyptian Prime Minister Mostafa Madbouly
Tender/bid
25-12-2024

Bharat Petroleum Wins 150 MW of Solar in NTPC Auction With INR 2.55/kWh Bid
India’s Bharat Petroleum has offer the lowest bid of INR 2.55 ($0.03)/kWh in NTPC’s new 1.2 GW solar auction, securing 150 MW of project capacity.Image: Priamo Mendez, UnsplashBharat Petroleum has secured 150 MW of project capacity wit
Tender/bid
25-12-2024

Fifth Round of Green Energy Auction for Offshore Wind Projects in the Philippines Set for Q3 2025
The Department of Energy of the Philippines (DOE) has announced the fifth round of the Green Energy Auction (GEA-5), exclusively dedicated to offshore wind projects. This auction is scheduled for the third quarter of 2025.The GEA-5 aims to secure market a
Tender/bid
23-12-2024

Harmony Energy Income Trust Reaches Final Stage of Portfolio Sale
The sale has reached the final stage and is expected to conclude by February. Image: HEIT.Harmony Energy Income Trust (HEIT) has announced that it has reached a new milestone in the sale of its UK portfolio.Yesterday (19 December), HEIT confirmed that it
Energy Investment
23-12-2024

Amazon Invests in Wind Power in Greece
Amazon is investing in three new utility-scale wind farms in Greece, its largest renewable energy deal in the country to date. These wind farms will help match the company’s electricity use in the region with carbon-free energy while supporting
Tender/bid
19-12-2024

50Hertz Opens Environmental Consultancy Tender for Danish Part of Bornholm Energy Island Interconnection
Transmission system operator (TSO) 50Hertz has launched a tender for environmental engineering consultancy services for the interconnection between Denmark and Germany, part of Bornholm Energy Island in the Baltic Sea.The TSO is looking to contract an env
Energy Investment
18-12-2024

Cubico Reaches FID on 500MW Oz Wind
[Image: Cubico]Cubico Sustainable Investments has achieved financial close for the 252MW Wambo Stage 1 and 254MW Wambo Stage 2 wind farms in Queensland, Australia.The financial close secures two separate five-year project finance facilities totalling appr
Tender/bid
16-12-2024

German Onshore Wind Tender Awards 4GW
Image: RWEGermany’s Federal Network Agency has awarded 4GW of capacity in the latest onshore wind tender results.More than 6GW of bids were submitted to the oversubscribed tender on 1 November.The 4094MW of awarded capacity comprises 348 bids.&q
Tender/bid
14-12-2024

Australia Selects First Tender Projects
Image: SXCThe Australian government has selected 19 wind, solar and hybrid projects as part of this first national tender process, which opened in May.The projects included ACEN Australia's 936MW Valley of the Winds scheme in New South Wales and t
Tender/bid
13-12-2024

All Applicants Pre-qualified for Colombia’s First Offshore Wind Tender
All companies that submitted applications to participate in Colombia’s first offshore wind tender have been pre-qualified, meeting legal, financial, and technical requirements.The announcement was made on 9 December by Colombia’s Natio
Energy Investment
11-12-2024

£30M Support Fuels JDR’s Growth Plans
Image: JDRJDR Cable Systems is set to expand its operations in the global floating wind sector after a UK Export Finance (UKEF) guarantee helped it secure £30 million in financing.The UK-based company supplies subsea power cables to offshore win
Energy Investment
11-12-2024

The Crown Estate Awards GBP 5 Million in First Supply Chain Accelerator Round
The Crown Estate has awarded nearly GBP 5 million in funding to 13 organisations across England, Wales, and Scotland in the first round of its Supply Chain Accelerator.According to The Crown Estate, the funding will help kick-start projects drawing down f
Energy Investment
10-12-2024

Swedfund and IFU Invest in Renewable Energy Development in Southern Africa
Swedfund and the Danish Investment Fund for Developing Countries, IFU, have partnered with Sturdee Energy to accelerate the expansion of renewable energy in Southern Africa, with a primary focus on South Africa, a country heavily reliant on coal-fired ele
Energy Investment
10-12-2024

China Expands Investments in Wind, Hydropower and Photovoltaic (PV) Energy Amid Global Economic Slowdown
In response to the global economic slowdown, China has stepped up its investments in green energy, with a new focus on solar PV, wind and hydropower developments. On December 6, 2024, the Chinese government announced that it would allocate an additional $
Energy Investment
09-12-2024

Scottish Government Triples Offshore Wind Investment in 2025/26 Budget
Shona Robison MSP, Cabinet Secretary for Finance, has announced in the draft Scottish Budget for 2025/26 that the Scottish Government will nearly triple its investment in offshore wind to £150 million next year. This increase underscores the gov
Energy Investment
09-12-2024

US Department of Energy Invests in Marine Energy and Offshore Wind Research at Universities
The U.S. Department of Energy (DOE) has announced an investment of more than $18 million to fund 27 research and development (R&D) projects aimed at advancing marine energy and offshore wind technologies.The selected projects, which involve 17 univers
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

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Most views from Energy Economy

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Google signs PPAs on 400-MW Texas solar project portfolio

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