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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
Coal-Fired Power Plants
06-01-2021
AES to Sell Equity in 1,242MW Coal-Fired Plant in Vietnam
Power company AES Corp has agreed to sell its majority interest in the 1242MW Mong Duong 2 coal-fired power plant in Vietnam.
Energy Investment
05-01-2021
China's Investment in Countries Along the Belt and Road Increased by 24.9%
According to data released by the Ministry of Commerce of China, from January to November 2020, China's foreign non-financial direct investment was 659.36 billion yuan, a year-on-year decrease of 3.1%.
Hydrogen Fuel Cell
05-01-2021
DOE to Invest $6.4M to Develop Hydrogen-Fueled Turbines
The UTSR Program conducts research to increase the efficiency and performance of gas turbines while lowering emissions.
Energy Infrastructure
04-01-2021
KOMIPO Wins ‘Construction Project of the Year’ at Global Energy Awards
KOMIPO ’s Seoul Power Headquarters, the world's first large-capacity underground power plant, was chosen for the “Construction Project of the Year” of the 2020 Global Energy Awards on Dec. 11, 2020.
Crude Oil
04-01-2021
Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m
The company aims to “significantly” increase its presence in kingdom and become a top fuel retailer by 2025.
Blockchain
03-01-2021
Three Novel Blockchain Projects in the Energy Sector
An auditing system, clean energy loan fraud and biomass traceability are among the novel blockchain use cases currently emerging.
India
03-01-2021
Energy Demand Improvement Slows Down in Nov: India Ratings
This was due to the early onset of winters impacting demand from the northern region
China
01-01-2021
China Datang and Sinar Mas Held Completion Ceremony of PMU Acquisition
On December 23, China Datang Co., Ltd. and Sinar Mas Group held a video ceremony of PMU acquisition.
01-01-2021
Xebec Announces Acquisition of HyGear, Inmatec
Xebec Adsorption Inc. in December announced the launch of its hydrogen strategy with the acquisition of HyGear.
South Korea
31-12-2020
South Korea-U.K. FTA About to Take Effect
The Ministry of Trade, Industry and Energy announced on Dec. 30 that the South Korea-U.K. FTA would become effective at 8:00 a.m. Jan. 1.
China
30-12-2020
China Datang Buys Stake in Indonesian Power Plants
China Datang Corp has bought a majority stake in PT Dian Swastatika Sentosa’s (DSS) thermal power plants in Indonesia for US$394mil.
Hydrogen Fuel Stations
30-12-2020
Everfuel to Buy Danish Hydrogen Player DHF
Danish Hydrogen Fuel runs four hydrogen fueling stations in Denmark, an addition that will strengthen Everfuel position in Scandinavia.
United Kingdom
30-12-2020
UK-EU Brexit Agreement – Energy Sector Business as Usual
Under the UK-EU ‘Brexit’ trade and cooperation agreement little if any changes are anticipated to the evolution of the respective energy sectors.
Offshore Wind Power
30-12-2020
Ørsted to Divest 50% Stake in 605MW Greater Changhua 1 Offshore Wind farm
Danish power company Ørsted has signed an agreement to divest 50% ownership stake in its 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan to Quebec’s Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE.
Digitalization
29-12-2020
Aramco and SAP form Strategic Alliance to Progress Digital Transformation Journey
The agreement is in line with Aramco’s digital transformation journey, paving the way for further integration of new technologies in a rapidly evolving technological landscape.
Hydrogen Project
29-12-2020
A.P. Moller Holding Invests Millions in Green Hydrogen Systems
Denmark’s A.P. Moller Holding, a parent company of shipping major Maersk, has decided to invest in compatriot Green Hydrogen Systems, a supplier of modular electrolyzers producing green hydrogen from renewable energy.
29-12-2020
Siemens Energy has No Plans to Sell Siemens Gamesa
Siemens Energy CEO Christian Bruch has said that there are no plans to sell all or parts of Siemens Gamesa, the company’s wind power arm.
Brexit
29-12-2020
RenewableUK Calls for Future EU Interconnection Benefits
Framework for post-Brexit electricity trading will not be in place for 1 January 2021.
Solar Power Plant
29-12-2020
JA Solar Signs Agreement with Indian PV Products Distributor Redington
Chinese solar photovoltaic manufacturer JA Solar has entered into a distribution partnership with India’s PV products distributor Redington.
Oil & Gas Trade
28-12-2020
Minister Says Iran Welcomes Russian Companies' Investment in Oil Sector
Iran's Minister of Petroleum Bijan Namdar Zanganeh invited Russian companies to invest in his country's oil industry.
Nuclear Power Plant
26-12-2020
Mochovce New-Build Project Receives Loan Boost
They and EP Slovakia BV have signed a new agreement that modifies some of the terms and conditions of the 2015 contract concerning the sale of the stake held by Enel Produzione in the Slovak utility.
South Africa
26-12-2020
AFRICA: AfDB Allocates $5 million to Renewable Energy Projects in the G5 Sahel
The "Desert to Power" initiative has just received a grant of 5 million dollars from the Sustainable Energy Fund for Africa, managed by the African Development Bank.
Wind Farm
26-12-2020
US Utility Acquires First Wind Farm
400MW facility in Missouri is first of two planned investments
Energy Storage Project
26-12-2020
Gresham House to Buy First Scottish Storage Project
The 30MW Byers Brae development is expected online in the second quarter of next year
Electricity Transmission
26-12-2020
Madagascar Secures $43m AfDB Loan for 2nd Phase of Power Transmission Project
The Board of Directors of the African Development Bank (AfDB) has approved a loan of $42.9 million to finance the second phase of a major power transmission and interconnection project in Madagascar.
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