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Energy Economy
Solar project
Google signs PPAs on 400-MW Texas solar project portfolio
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.
Brexit
25-12-2020
Finnish-British Trade has Declined Before Brexit
Imports from January to September totaled 1.2 billion euros, a drop of less than 4%.
Brexit
25-12-2020
Brexit Process Finally Ends in Deal
The United Kingdom and the European Union have agreed a narrow post-Brexit trade deal that will shape their economic relationship for years to come.
Hydropower Plant
24-12-2020
ABD Approves Loan for New Hydropower Construction in India
A $231 million loan from the Asian Development Bank will be used to construct the Lower Kopili Hydroelectric power plant in Central Assam, India.
Energy Storage Project
24-12-2020
LevelTen Energy Launches PPA-Style Contract for Energy Storage Projects
Renewable energy procurement advisor LevelTen has unveiled a new financial contract service that enables corporations to invest in large-scale energy storage projects.
24-12-2020
WorldEnergy Wishes You A Happy Holiday Season!
WorldEnergy wish you a merry Christmas, may you harvest love and happiness!
Nicaragua
24-12-2020
Nicaragua Reaches 98.5% Electrification Rate and 75% Renewables Supply
Nicaragua reached over 75% renewables supply in 2020, of which half was from local resources.
China
23-12-2020
China's Exports of Low-Voltage Electrical Appliances have been Increasing
According to China Customs statistics, China's exports of low-voltage electrical appliances in the first 10 months of 2020 were US$13.73 billion, a year-on-year increase of 4.0%.
Solar Power Plant
23-12-2020
Canadian Solar Completes the Sale of a 290 MWp Greenfield Solar Portfolio in Italy
Both projects are located in Sicily, Italy, and have a total expected capacity of more than 290 MWp. The Company expects to recognize revenues from the sale in the fourth quarter of 2020.
Saudi Arabia
23-12-2020
Aramco and Cognite Establish JV to Accelerate Industrial Digitalization
Aramco and Cognite will establish a new company that will focus on digitalization in Saudi Arabia and the broader Middle East and North Africa region.
LNG
22-12-2020
Shell Divests LNG Stake For $2.5 Billion
Shell has sold a 26-percent stake in an Australian LNG project to Global Infrastructure Partners for $2.5 billion as part of efforts to reduce the weight of non-core assets in its portfolio.
Market Analysis
22-12-2020
Spain Generates 43.6% of Power from Renewables in 2020
Spain produced 43.6% of its electricity with renewable energy technologies in the year to December 11, Spanish grid operator Red Electrica de Espana said in the summary of its 2020 forecast report.
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Patel Engineering wins Rs 230.7 crore Bhutan hydro project package
