Energy

Philippines

Philippines’ Meralco Posts 20% Net Income Growth in First Nine Months

Its reported net income stood at P19.8b (US$341m).

Energy Storage Battery

Masdar Acquires UK-Based Battery Developer Arlington Energy

This will enable the development of BESS projects under the Masdar-Arlington platform.

Hydrogen Project

ACWA Power, EBRD Sign Sustainable Infrastructure Financing Deal

Focus countries are Uzbekistan, Azerbaijan, and Egypt.

Energy Transition

IRENA Rolls out Indonesian Energy Transition Roadmap

As climate concerns mount, and the world looks to gather in Egypt at COP27 in early November to deliver a collective response to the crisis.

Australia

ACEN Australia Bags $75m Funding for 8GW Renewable Energy Projects

This CEFC investment will accelerate the development of ACEN’s renewables portfolio.

GE’s Renewables Business Reports $1.8bn Loss so Far This Year

Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.

Global Open-Source Data Platform Launched for Clean Energy Solutions

The programme was launched by the Access to Energy Institute (A2EI) and the European programme GET.invest during the Global Off-Grid Solar Forum and Expo 2022 i…

Smart City

Southern Gas and Habitat for Humanity Partner on Smart Energy Communities

Two smart energy communities in the US, which will consist of a total 30 single-family net zero homes, are being planned and will equip residents with a combina…

United Kingdom

UK National Grid to Debut Grid Park Energy Superhub

National Grid is to debut its first ‘grid park’ in Bedfordshire, touted as an energy superhub, which will connect three separate customers to a supergrid tran…

GCC Economies Projected to Grow 6.9% in 2022, World Bank Says

Investing in green growth could drive regional GDP to $13tn by 2050, according to report.

Hydropower Plant

Eesti Energia Receives State Support for Pumped-Storage Hydroelectric Power Plant

The joint agency of Enterprise Estonia and KredEx has allocated €584 950 for Eesti Energia to prepare the construction of Estonia’s first hydroelectric energy…

Energy Storage Project

GSF Purchases 200 MW Storage Project

GoreStreet Energy Storage Fund (GSF), London’s, UK, first listed energy storage fund supporting the transition to low-carbon power, has announced that it has a…

Fortescue Future Industries Invests in Zhero

Fortescue Future Industries (FFI) is investing in Europe and US-based green hydrogen and renewable energy development company, Zhero.

Wind Farm

Enel Green Power Commissions 29 MW Wind Farm in Italy

Enel Green Power’s commitment to the energy transition and the growth of the renewables in Italy continues.

Natural Gas

QatarEnergy in Talks for 30% Stake in Lebanon Offshore Gas Project, Says CEO

State-owned QatarEnergy is in talks with the Lebanese government to take a 30% stake in an offshore exploration block and is also negotiating with TotalEnergies…