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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
16-03-2021
The Bitcoin Energy Challenge
As the Bitcoin price surges so does the energy consumption as mining increases, but management and regulatory options are possible.
Natural Gas
16-03-2021
Kazakh State Energy Firm to Retain Ownership of Gas Division
KazMunayGaz is the oil-exporting nation's biggest borrower on the Eurobond market, and some analysts had expressed concerns that the government's plan to hive off the gas unit would weaken KazMunayGaz's credit profile
Solar Power Plant
16-03-2021
Burkina Faso to get 30MW Solar Plant for National Grid
The Emerging Africa Infrastructure Fund will finance 80% of the construction of Urbasolar SAS’ new solar plant planned for 250km south-east of Ouagadougou, Burkina Faso.
RCEP
10-03-2021
China has Officially Ratified RCEP Deal: Commerce Minister
The Chinese government has officially ratified the Regional Comprehensive Economic Partnership agreement, Minister of Commerce Wang Wentao said Monday.
Energy Investment
10-03-2021
Wells Fargo to Deploy $500bn in Sustainable Financing by 2030
Wells Fargo has announced plans to invest $500bn in sustainable financing by 2030 to support the transition to a low-carbon economy.
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.
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Most views from Energy Economy
1
TSEA Energy to invest $25m in North Carolina facility to boost US grid manufacturing
2
Patel Engineering wins Rs 230.7 crore Bhutan hydro project package
3
ADB and Acwa sign US$116 million financing package to support wind power in Uzbekistan
4
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
