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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
France
19-01-2021
Total Pays $2.5bn for 20% Stake in Adani Green Energy
French oil company Total has purchased a 20% minority stake in Indian renewables producer Adani Green Energy Ltd.
Energy Technology
18-01-2021
US$47m Funding from US Department of Energy for Disruptive Tech Mostly goes to Batteries, Smart Grid
The lion’s share of new funding announced this week to help scale-up potentially disruptive technologies by the Advanced Research Projects Agency - Energy of the US government Department of Energy will go to battery and smart grid technolog
United Kingdom
18-01-2021
Vestas Lay off 220 Employees in Denmark and Britain
Danish wind turbine manufacturer Vestas Wind Systems has announced it will lay off 220 employees in Denmark and Britain.
Oil Field
17-01-2021
Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields
Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry
China
15-01-2021
China and EU Together for a Better Tomorrow
On Dec 30, China and the European Union concluded the negotiations on the EU-China Comprehensive Agreement on Investment.
Clean Energy Transition
14-01-2021
COP26: Developed Nations Urged to Provide $100bn for Energy Transition
World energy leaders held a virtual COP26 Roundtable on Clean Power Transition to discuss the global transition to clean power as part of a green recovery and to identify actions that can be taken to support this.
Crude Oil
14-01-2021
Altrad Snaps up Contracts Worth £30m for Work at Major Oil Refinery
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
Electric Car
14-01-2021
Tesla Gains 5% on Launching in India
Tesla stocks rallied higher at the end of Tuesday’s trading session gaining as much as 5% as the stock settled at $849.
Energy Investment
14-01-2021
Resalta Sells Croatian Biomass Cogeneration Plant
The transaction is one of the largest foreign investments in the biomass renewables segment in Croatia.
China Belt and Road
13-01-2021
ANGOLA: Government Calls on China to Invest in Renewable Energies
The Angolan authorities recently launched an appeal to Chinese businessmen to increase their investment in the renewable energy sector.
Wind Turbine
13-01-2021
Siemens Gamesa to Close Two Turbine Manufacturing Plants in Spain
Wind turbine manufacturer Siemens Gamesa has announced plans to close its Somozas and Cuenca plants in Spain.
Energy Investment
12-01-2021
Globeleq Expanding into Nigerian Power Business
Independent power generation company Globeleq will take a 74% stake in Nigerian power business CPGNL Limited.
France
11-01-2021
Total to Keep up Renewables Energy Investments in 2021, Says CEO
Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief Executive Patrick Pouyanne told an Oddo BHF conference on Friday.
Wind Farm
11-01-2021
Enercon, Petrobras Offload 52MW Brazilian Wind Duo
Enercon's Brazilian subsidiary Wobben Windpower and Petrobras have completed sale of two operational wind farms in Brazil totalling 52MW to V2I Transmissao de Energia Eletrica for an undisclosed price.
Market Analysis
11-01-2021
Wood Mackenzie reveals energy sector’s top ten trends in 2021
Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.
Oil & Gas Trade
11-01-2021
China Trade War on Itself Sends LNG Prices Mad
Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have combined to send northeast Asian spot LNG prices to an all-time high.
Hydropower Plant
09-01-2021
India Gets $231m ADB Aid for Lower Kopili Hydro Project
The Asian Development Bank (ADB) has approved a $231 million loan to fund the construction of the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assam in India.
Electric Car
09-01-2021
Tesla Market Value Tops $700 bn for First Time
Electric carmaker Tesla closed trading on Wednesday with a market value topping $700 billion for the first time.
Hydrogen Fuel Cell Vehicle
08-01-2021
S. Korea to Jack up Support for Electric, Hydrogen Cars
South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-generation vehicle sector, the finance minister said Friday.
Brexit
08-01-2021
Brexit Creates Major Problem For UK Energy Companies
In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with excess reserves like Canada and those in deficit.
Energy Investment
08-01-2021
Enel and Qatar Sovereign Fund Forge Renewables Tie-up
Transaction involves the acquisition by QIA of 50% stake in 800MW wind and PV portfolio in South Africa and Zambia.
Hydrogen Fuel Cell
08-01-2021
SK Group Invests $1.5bn in Hydrogen Fuel Cell Firm Plug Power
South Korean company SK Group has agreed to invest $1.5bn in US-based hydrogen fuel cell solutions provider Plug Power, forming a new strategic partnership.
Hydropower Plant
07-01-2021
DORE’s First Investment Since IPO Involves Eight Swedish Hydropower Plants
Downing Renewables & Infrastructure Trust plc has exchanged contracts to acquire its first investment, a portfolio of eight operational hydropower plants in central and southern Sweden.
Wind Farm
07-01-2021
EDF Starts Crowdfunding for 14.1MW French Project
EDF Renouvelables has started crowdfunding for the construction of the Telegraph wind farm in Vermenton, Yonne, France.
Energy Investment
06-01-2021
Fluence Gets $125 million Energy Storage Investment Boost from Qatar
The Qatar Investment Authority has committed $125 million investment to global energy storage provider Fluence.
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Brookfield, La Caisse Acquire Clean Energy Platform Boralex for $6.5 Billion
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UK plans to launch 6-GW offshore wind leasinground in 2027
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TSEA Energy to invest $25m in North Carolina facility to boost US grid manufacturing
