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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
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.
Digitalization
23-02-2021
BayWa RE Acquires German Digital Service Outfit
BayWa RE has acquired German company Kaiserwetter’s IoT, asset intelligence, and data science capabilities, bolstering its digital asset operations.
Hydrogen Project
23-02-2021
$300 bn Investment Lined up in Hydrogen Projects Globally
Globally, 228 large-scale projects have been announced with 85 per cent located in Europe, Asia, and Australia.
Wind Farm
23-02-2021
BayWa r.e. Acquires Onshore Wind Farm in the UK
BayWa r.e. increases its onshore wind pipeline in the UK with the acquisition of the High Constellation wind farm from Blue Energy.
Electric Car
22-02-2021
Matter Bets on Indian EV Market, Targets USD 1 bn Turnover by 2025
Bullish on the growth of electric vehicles market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion by 2025, according to a top company official.
Hydrogen Project
22-02-2021
The Texas Cold Blast Was A Warning To Hydrogen Investors
The Texas storm has exposed an energy grid ill-prepared for climate change, with electric grid regulators now saying that the United States needs to rapidly develop vast supplies of power storage--including giant batteries and hydrogen storage.
Energy Security
19-02-2021
Extreme Weather Conditions Harm RWE’s Renewables Electricity Generation in the US State of Texas
Operations teams focus on resuming production at RWE’s affected onshore wind turbinesRWE expects significant negative earnings impact in Onshore Wind/Solar segment due to abnormal pricing conditions
Energy Security
19-02-2021
Texas to Raise Energy Prices and Suspend Price Cap Amid Winter Storm
The Electric Reliability Council of Texas has announced sweeping changes to the state’s energy pricing structure amid the ongoing winter storm, including higher energy prices and the suspension of a spiralling energy price cap.
Energy Investment
15-02-2021
UK Outfits Secure £1.3m in Offshore Wind Funding
Winners of the OWGP competitions include Apollo, Sheffield Forgemasters and Leask Marine
Energy Investment
13-02-2021
OX2 Acquires 400MW Wind Power Project in Finland from YIT
Renewable energy developer OX2 has agreed to acquire a 400MW wind power project from Finnish construction company YIT.
Energy Storage Project
10-02-2021
AFRICA: Highview Power Raises $70m for Renewable Energy Storage
Highview Power, a company specialising in electricity storage, has just raised 70 million dollars to distribute its solutions in Africa.
Nuclear Power Plant
09-02-2021
Brookfield 'at a Crossroads' on Whether to Sell Westinghouse
Brookfield Business Partners is considering whether to sell Westinghouse Electric Company, the investment company's CEO, Cyrus Madon, said in a conference call with analysts on 5 February to discuss its fourth-quarter financial results.
United States
09-02-2021
US Renewables Trade Group Formally Launches
American Clean Power Association unveils new website and adverts showcasing the sector
Energy Investment
08-02-2021
CSIRO Receives $1 Million in Funding for Hydrogen Refueling Station As Part of VH2
The $10-million VH2 project is designed to bring researchers, industry partners and businesses together to test, trial and demonstrate new and emerging hydrogen technologies.
Thermal Coal
05-02-2021
S Africa's Exxaro to Halt Further Coal Investments
South Africa's largest coal mining firm Exxaro Resources will no longer invest in thermal coal assets, its chief executive Mxolisi Mgojo said this week.
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