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Algeria Aims for $2.6 billion Increase in Energy Investment Next Year
Greece Eyes Green Energy Shift with $21 billion in Projects
Greece’s plan for using European Union funds to combat the effects of the coronavirus pandemic will accelerate the nation’s transition from fossil fuels to a greener economy, a government adviser said.
Offshore Wind Power
SSE Plans to Invest $2.8bn in Low-Carbon Power Projects
UK-based energy company SSE is planning to invest almost £2bn in low-carbon power projects this year.
€120m Green Energy Facility Planned for Cork
Green energy company - EI-H2 - has announced plans for Ireland’s first Green Hydrogen facility.
High Profile Merger Creates A New $17 Billion Shale Giant
Cabot Oil & Gas Corporation and Cimarex Energy announced on Monday another merger in the U.S. shale patch in an all-stock merger of equals that would result in a company with a total enterprise value of around $17 billion.
ADB to Finance 300MW Hydropower Plant in Pakistan
The Asian Development Bank will offer a $300m loan to finance the construction of a hydropower plant in Pakistan.
RWE and BASF Plan $4.9 billion Wind Power Project
Chemicals giant BASF and German utility RWE on Friday announced a potential 4 billion euro offshore wind power project to cut emissions at Germany’s most energy-intensive industrial site.
Media, Think Tanks Set to Boost RCEP Exchanges
The Regional Comprehensive Economic Partnership agreement will help its participating countries forge more open economic relationships and improve trade liberalization, officials and experts said.
Coal-Fired Power Plants
G7 Countries Agree to Stop International Funding for Coal-Fired Power
Coal is considered unabated when it is burned for power or heat without using technology to capture the resulting emissions, a system not yet widely used in power generation.
Air Liquide to Refinance Hydrogen Projects with Launch of €500m Green Bond Issue
Air Liquide has launched its first green bond issue, raising €500m, that will be dedicated to financing and refinancing the development of several sustainable projects such as hydrogen.
Spain, Among the 10 Most Attractive Countries for Investment in Wind Energy
The United States and China hold the first and second place, respectively, followed by India.
Zimbabwean Energy Minister Says 40 pct of Fuel Should be Priced in Local Currency
Zimbabwe's energy minister Soda Zhemu has said 40 percent of its fuel should be sold in local currency.
BP in Talks to Sell 28% Stake in UK North Sea Field
The company had agreed last year to sell the Shearwater and Andrew projects to Premier Oil but the deal fell through
Deloitte Resigns as GCL-Poly Auditor Over Project Prepayment Vagueness
Deloitte Touche Tohmatsu is no longer the auditor of GCL-Poly Energy Holdings Ltd as the two were unable to reach a consensus on the scope of an independent forensic investigation into a previously made prepayment for a now terminated project.
Wind Power Project
Trungnam Group Sells Stake in Wind Power Plant
The Trungnam Group has sold a 35.1 percent stake in its central Vietnam wind power plant to Japanese energy investor Hitachi Sustainable Energy
Tesla Stops Accepting Bitcoin As Payment
Less than two months after Tesla’s Elon Musk said the company will be accepting bitcoin as payment for EVs, the company’s CEO did a U-turn, tweeting that Tesla will no longer accept the cryptocurrency because of its carbon footprint.
Two Major Grids' Profits See High-Voltage Rebound
Profits at China's two major power grid operators have witnessed a sharp rebound during the first quarter, thanks to the domestic economic recovery, and the trend is expected to continue throughout this year, said analysts.
Eni to Splash €5.7 bln by 2024 in Carbon-Neutrality Push
Italian oil and gas company Eni has released its Eni for 2020 sustainability report, outlining the company’s path to face the global challenges.
China’s Coal Futures Hit Record As Exchange Tries to Cool Rally with Fee Hike
Prices have rallied 34 per cent so far this year as miners struggle to meet robust demand from the nation’s economic rebound.
Additional Investment Announced for Kivalliq Hydro-Fibre Link Project, Canada
Additional investment of around $3 million has been approved to support the potential development of a hydroelectric and fibre-optic link that would connect communities in the Kivalliq region of Nunavut to Northern Manitoba, Canada.
MIC Approves $2.5bn Investment for Myanmar Power Plant
MIC announced the investment at a meeting chaired by State Administration Council member and MIC chairman, Lieutenant–General Moe Myint Tun, along with other members of MIC.
The OPEC Fund to Support Renewable Energy Projects in Nepal
The loan represents the OPEC Fund's first financial institution transaction in the country.
United Arab Emirates
First Green Mortgages Issued in UAE Through HSBC Bank
Climate change has become a global pressing issue and governments and private entities are racing to find new ways to incentivise green investment
United Arab Emirates
Dana Gas Year on Year Profits Leap 41pc in Q1
Abu Dhabi-listed Dana Gas reported net profits of $24mn in the first quarter of this year, up 41pc versus the corresponding quarter in 2020, as it boosted production from the Khor Mor gas field in the semi-autonomous Kurdistan region of northern Iraq.
Siemens Energy Reports Moderate Drop in Q2 revenue
Siemens Energy has reported a decrease in revenue by 4.4%, down to €6.5bn, for the second quarter of 2021, compared to €6.78bn in the same quarter of last year.
UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing
Banks should finance low-carbon climate-resilient projects, not big fossil fuel infrastructure that is not even cost-effective anymore, UN Secretary-General António Guterres’ said during a climate meeting this week.
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Belgium’s Parkwind Secures Funding for German Floating Wind Farm
Octopus to Acquire 181MW Oz Project from RES
National Grid Acquisition of PPL WPD Investments Approved by CMA
Pakistan Invests $305 million to Explore for Oil in UAE’s Persian Gulf
Abu Dhabi’s Taqa Looks to Sell UK, Dutch Oil and Gas Assets
Iraq and Total Sign $27 bln Energy Projects Deal