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Energy Economy
Energy Investment
Toyo Invests In Japan’s Offshore Renewable Sector
21-12-2019
EDF's Imtech Acquires Energy Performance Firm Breathe
Breathe was established in 2010 to deliver engineering solutions to reduce energy consumption and carbon emissions, renew infrastructure, save operating costs and improve built environments.
20-12-2019
EIB Will Provide €330 Million to Support the Czech Republic Reinforce Grid Network
CEZ will use the funding to reinforce and refurbish medium and low-voltage networks in Plzeň, Karlovy Vary, Ústí nad Labem, Central Bohemia, Liberec, Hradec Králové, Pardubice, Olomouc and Moravia-Silesia.
20-12-2019
UK Government Figures Shows: Renewables Outperform Gas
The latest Energy Trends report, published by the Department for Business, Energy and Industrial Strategy (BEIS) shows that in the third quarter of 2019 renewables provided a record 38.9% of the UK’s electricity requirement, just above gas at 38.8%.
Market Analysis
19-12-2019
ICRA Revises The Power Sector Outlook from Stable to Negative
According to ICRA Research, the all India electricity demand growth declined to 1.2 per cent in 8M FY2020 on a year-on-year basis (YoY) against the 6.4 per cent growth reported in 8M FY2019, an official statement said.
17-12-2019
African Union to Develop A Blueprint for A Pan-continental Electricity Network and Market
The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled recently during a three-day workshop on the sidelines of Programme for Infrastructure Development (PIDA) Week held in Cairo.
15-12-2019
Zambia Looks to Brazil for Help in Biofuel Industry
Zambia’s Ambassador to Brazil, Dr. Alfreda Kansembe has held bilateral talks with Brazil’s Sugar, Ethanol and Energy companies in an effort to find partners to help establish the Biofuel industry in Zambia.
15-12-2019
Siemens Working on Modern Power Plants in Iran
Germany’s engineering giant Siemens, in a joint project with Iran’s largest energy construction and engineering group Mapna, is working on launching power plants relying on modern gas turbines.
14-12-2019
European Investment Bank funds two windfarms in Portugal
The European Investment Bank (EIB) has agreed to provide a loan of €45m to renewable energy company Eolica da Linha for the construction of three windfarms in Portugal.
13-12-2019
100% Renewables Means 95% Less Water Consumption for Conventional Power Generation
According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just 1 MWh of output; for wind, this percentage ranges from 0.1% to 14%.
11-12-2019
5G And IoT Comes to Enterprises in Japan
Nokia today announced that it is building out its strategic partnership ecosystem to bring local 5G/private wireless LTE to industrial and government customers in Japan.
10-12-2019
EU and Africa Signed A $120m Deal to Fund Sustainable Energy Projects
The European Investment Bank and the Eastern and Southern African Trade and Development Bank (TDB) have signed a deal to fund sustainable energy projects over the next 15 years.
09-12-2019
ABB CEO: ABB Is Ready to Spin off More Businesses
The Swiss engineering company, under pressure from activist investors to simplify its operations, is carrying out a strategic review of underperforming businesses and agreed to sell its power grids business last year.
08-12-2019
US EPA Sends Final 2020 Biofuel Volumes to White House for Review
The US Environmental Protection Agency on Friday sent its delayed 2020 biofuel blending mandate to the White House for review, but continues to allow for the possibility that it might not finalize the volumes by the end of the year.
Energy Investment
06-12-2019
BlackRock Achieved $1bn Record for the Global Renewable Power III (GRP III) Fund
American investment company BlackRock has announced that is has achieved $1bn for the first close of its Global Renewable Power III (GRP III) fund. The company stated that it has received commitments from 35 investors in Asia, Europe and North America.
05-12-2019
Wind Capacity Exceeds Hydro, While Solar Tops Oil in US
New capacity placed into service that month included 359 MW of wind and 232 MW of solar but only 100 MW of natural gas.
04-12-2019
Energy Connected Homes Services Set for Substantial Growth
The research Connected Homes Insight Service has identified increasing levels of entry and investment, with rates of entry more than doubling over the last decade.
03-12-2019
Ireland to Open 1st Renewables Auction in Early 2020
The Irish government on Monday gave the green light to the country’s first auction under its new Renewable Electricity Support Scheme (RESS) that is seen to pave the way towards a 70% renewables share by 2030.
Market Analysis
02-12-2019
Asian Wind to 'Outpace' Western Europe and North America Combined
Cumulative wind power capacity in Asia is likely to overtake the combined total of North America and Western Europe (NAWE) through 2028, driven by a rapid growth in the Chinese market, Fitch Solutions Macro Research said in its updated ten-year report.
30-11-2019
Irish Electricity Company Electricity Supply Board to Buy 50% Stake in EDF Scottish Windfarm
Irish electricity company Electricity Supply Board (ESB) has agreed to purchase a 50% stake in the Neart na Gaoithe offshore windfarm from EDF Renewables, which originally purchased the windfarm from Mainstream Renewable Power in May 2018.
28-11-2019
In Oil And Gas, Activist Investors Lose Steam
Relatively steady but low oil and gas prices in North America have led to a slowdown in energy M&A and activist investors are finding that when deals do happen, they rarely get what they want.
26-11-2019
Mitsubishi And Chubu Electric Power to Purchase Dutch Energy Supplier Eneco for €4.1bn
A consortium formed of Japanese companies Mitsubishi and Chubu Electric Power Company has agreed to acquire Dutch energy company Eneco for €4.1bn, beating bids led by Shell and Rabobank respectively.
25-11-2019
China to Slash Renewables Subsidies by 30%
The government of China has decided to reduce renewable power subsidies by 30%, from $1.15b in 2019 to $807m in 2020.
25-11-2019
Power Plant Contract Activity Shows Downward Trend in Asia- Pacific
There were 62 power plant contracts announced in the Asia-Pacific region in Q3 2019, marking a drop of 49 per cent over the last 12-month average of 122, according to GlobalData’s power industry contracts database.
24-11-2019
Total Expands Renewables Portfolio in South East Asia
Total, through its affiliate Total Solar Distributed Generation, has added six new solar projects with a total capacity of around 10 MWp to its renewables portfolio in Southeast Asia since October 2019.
22-11-2019
Is CCUS the Key to A Low-Carbon Economy for the UK?
In November 2019 the Energy Industries Council (EIC) published a report into carbon capture, utilisation and storage (CCUS) as a more viable concept to reduce emissions than CCS. How important will CCUS be in the UK's energy future?
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