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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
09-05-2021
Siemens Energy Reports Moderate Drop in Q2 revenue
Siemens Energy has reported a decrease in revenue by 4.4%, down to €6.5bn, for the second quarter of 2021, compared to €6.78bn in the same quarter of last year.
Energy Investment
08-05-2021
UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing
Banks should finance low-carbon climate-resilient projects, not big fossil fuel infrastructure that is not even cost-effective anymore, UN Secretary-General António Guterres’ said during a climate meeting this week.
United States
07-05-2021
Siemens Energy to Shut Olean Plant
Siemens Energy has announced plans to shut its plant in Olean, New York by June 2022
Oil Price
07-05-2021
Saudi Arabia Could Slash Deficit To Below 5% Of GDP At $60 Oil
The world’s largest oil exporter, Saudi Arabia, could see its budget deficit drop to below 5 percent of gross domestic product this year if oil prices average $60 per barrel.
Wind Power Project
07-05-2021
Bank of Ireland and EIB Co-Finance €100m Wind Energy Project
The European Investment Bank is partnering with the Bank of Ireland to co-finance a €100 million wind energy farm project.
Energy Investment
06-05-2021
Iraq to Invest $3bn Over Five Years in the Basrah Gas Company
Baghdad has also looked at forming other alliances regionally, to wean its dependence off Iranian gas
Wind Power Project
06-05-2021
JSW Renew Energy Signs Wind PPA in India
Indian power company JSW Energy’s subsidiary, JSW Renew Energy, has signed a 540MW power purchase agreement with the Solar Energy Corporation of India for blended wind power capacity.
05-05-2021
Total Acquires Interest in Yunlin Holding GmbH from wpd
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei.
Power Construction
04-05-2021
US DOE Promises Loans for Electric Infrastructure Projects
The US Department of Energy (DOE) has announced loans of up to $8.25bn to support projects for expanding and improving the country’s electricity grid.
RCEP
04-05-2021
Japan Approves RCEP, World's Largest Trade Deal Including China, ASEAN
Japan's upper house of parliament on Wednesday approved the world's largest free trade deal RCEP which comprises 15 Asia-Pacific countries.
Oil Refinery
01-05-2021
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as the coronavirus pandemic hammered fuel consumption
Russian Federation
30-04-2021
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.
Natural Gas
30-04-2021
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
Wind Power Company
30-04-2021
Vattenfall Wind Business Records Q1 Earnings Dip
Results affected by unfavourable weather conditions despite new capacity
29-04-2021
Major Chinese Investors Could Buy Stake In Aramco
Major Chinese investors, including the sovereign wealth fund China Investment Corporation and Chinese national oil companies, are the ones looking to buy a stake at the biggest oil company in the world, Saudi Aramco.
Energy Investment
28-04-2021
Energo-Pro Completes Largest Czech Investment in Hydropower Industry
Czech energy group Energo-Pro has completed the construction of the Alpaslan 2 hydropower plant in Turkey. The project, which cost around $600 million, is the largest Czech investment in industry since November 1989.
United States
27-04-2021
New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms
Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for counterparties.
Oil Field
27-04-2021
Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement
Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel
Energy Investment
27-04-2021
South Korean and Chinese EV Battery Companies Competing in Hungary
South Korean EV battery companies are increasing their investments in Hungary rapidly, and yet it is China that made the largest investment in the industry in Hungary last year.
Oil Price
26-04-2021
Qatar Petroleum Plans Debut Dollar Public Bond Sale
The world's top liquefied natural gas supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of them adding it will likely raise billions of dollars
Energy Investment
26-04-2021
Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub
Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.
Wind Power Project
23-04-2021
Vestas Offloads 118MW US Wind
Vestas, through its US development arm, has sold a 118MW wind farm to Southern Power.
Energy Investment
23-04-2021
Egypt’s Kom Ombo Solar Plant Receives Funding
The European Bank for Reconstruction and Development, the OPEC Fund for International Development.
Energy Technology
22-04-2021
Greenpeace Chides Alibaba and GDS on Energy as China Tech Cleans Up
The group blasted China's biggest tech company and its biggest independent data center operator for emissions opaqueness and dearth of renewable commitments.
O＆M
22-04-2021
Sumitomo and Corvus Energy form Maritime ESS Joint Venture
Japanese trading house giant Sumitomo Corporation and Norwegian ESS specialist Corvus Energy have established a Tokyo-based joint venture to sell ESS and provide the related maintenance service mainly in the Japanese market.
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Most views from Energy Economy
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ADB and Acwa sign US$116 million financing package to support wind power in Uzbekistan
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Google signs PPAs on 400-MW Texas solar project portfolio
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Equinor aims to sell 8% stake in solar energy firm Scatec
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Aukera Secures €48.5 Million IFC Financing for Romania Battery Storage Project
