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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

China
09-03-2021

Istobal Opens Production Plant in China
ISTOBAL continues to drive its international expansion with the opening of a subsidiary plant in China.
Solar Power Plant
09-03-2021

Enel Snaps up 519MW Spanish Solar Portfolio
Eleven projects acquired from Arena Power in the province of Huelva that will come online in 2024
Energy Storage Battery
08-03-2021

Rosatom Subsidiary Acquires 49% Stake in Korean Power Storage Company
RENERA LLC, Rosatom’s integrator company for the energy storage business has finalized the deal to acquire 49% share of Enertech International Inc, a South Korean manufacturer of electrodes, lithium-ion storage cells and energy storage systems.
Natural Gas
07-03-2021

Clean Energy, Total Sign JV for Renewable Natural Gas Production
The joint venture, owned equally by both firms, will have an initial firm commitment of $100 million to build renewable gas production facilities
Crude Oil
06-03-2021

PetroSA Merger to Form South African National Petroleum Company
In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of iGas, PetroSA and Strategic Fuel Fund
Solar Power Plant
06-03-2021

Lighsource BP Closes 100MW Solar Sell-Off
Lightsource BP has closed the sale of 100MW of UK solar projects to NextEnergy Solar Fund, for £64m.
China
05-03-2021

China Targets GDP Growth of more than 6pc in 2021
China has set a GDP growth target of over 6pc this year, premier Li Keqiang said today.
United Kingdom
04-03-2021

London Unveils £12bn Infrastructure Bank
Institution based in Leeds will support projects that help meet the government's climate change goals
Energy Investment
03-03-2021

Total Sells 50% Stake in French Renewable Energy Projects
Global energy company Total has, through its French subsidiary Total Quadran, sold a 50% stake in two renewable energy projects.
03-03-2021

Siemens Acquires Indian Grid Technology Firm C&S Electric for $285m
Siemens has completed a previously announced acquisition of Indian grid technology manufacturer C&S Electric for $285m.
Solar Power Plant
02-03-2021

ENGIE Acquires 100 MW Concentrated Solar Power Plant in South Africa
ENGIE is pleased to announce that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company.
Energy Investment
02-03-2021

EDP Brasil Signs Agreement to Acquire AES Inova
Electric utility company EDP Brasil has signed an agreement to acquire AES Inova, a distributed generation investment platform of AES Brazil.
01-03-2021

India Renewable Energy Giant ReNew Power Preps For Nasdaq Listing
Ending years of speculations about its listing at stock markets, one of India’s leading renewable energy companies — ReNew Power — has announced plans for listing at Nasdaq.
Carbon Neutral
01-03-2021

South Korea and Visegrád Four to Further Economic Cooperation
The first forum took place four months ago.
Mexico
01-03-2021

Mexican State Oil Firm Pemex Reports $23 Billion Loss in 2020
The company said it had faced "the worst crisis in its history" last year due to the health crisis sweeping the planet.
Digitalization
27-02-2021

Ethiopia: Collaboration Launches a Digital Centre in Addis Ababa
GIZ, Orange, the Ministry of Innovation and Technology, the Ethiopian Investment Commission and the Industrial Parks Development Corporation have launched the Addis Ababa Orange Digital Centre
27-02-2021

Shell Acquires Next Kraftwerke to Strengthen Position in Renewables Trading
Subject to approval by the regulatory authorities, Shell will acquire 100% of Next Kraftwerke’s shares.
Energy Storage Project
26-02-2021

CEFC Offers US$127.6 million Debt Finance for 300MW Victoria Energy Storage Project
Australia’s Clean Energy Finance Corporation has invested AU$160 million in a 300MW battery storage project near Geelong, Victoria.
ITER
26-02-2021

European Council Approves Continued Financing for ITER
The European contribution to the project for that period is set at €5.61 billion in current prices.
Hydrogen Fuel Cell
26-02-2021

Korea's SK Group Wraps up USD-1.6bn Investment in Plug Power
South Korean industrial conglomerate SK Group has finalised its USD-1.6-billion capital investment in US fuel cell systems provider Plug Power Inc as part of a new partnership aimed at building a hydrogen economy in Asian markets.
Wind Farm
25-02-2021

Commerz Real Acquires Stake in EnBW Wind Farm Portfolio in Germany
Investment firm Commerz Real has acquired a 49.9% stake in a portfolio of 14 onshore wind farms in Germany owned by EnBW Energie Baden-Württemberg.
Energy Storage Battery
24-02-2021

Pylontech Ready for ESS Capacity Expansion Following Shanghai Stock Exchange Listing
Pylontech has said it will have 4GWh of battery energy storage system manufacturing facilities in operation within three years, after it raised around US$300 million from listing on the Shanghai Stock Exchange.
Energy Storage Project
24-02-2021

Industrial Conglomerate Mytilineos Acquires 25 Battery Projects in Greece in €56 million Solar Deal
Greek industrial group Mytilineos has acquired a portfolio of solar and battery storage projects in a €56 million transaction it says “heralds the transition to a new era” for the company.
Solar Power Plant
24-02-2021

NAMIBIA: Old Mutual Buys Back Shares in the Rosh Pinah Solar Power Plant
Old Mutual Investment Group Namibia has just acquired a majority stake in Aloe Investments Number Twenty-Seven, the project company that owns and operates the 5 MWp Rosh Pinah solar power plant.
Electrification
24-02-2021

World Bank to Finance Electrification Investments in Angola
The World Bank has approved $250 million to improve the operational performance of the electricity sector utilities and increase electricity access in selected cities of Angola.

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