Energy economy

Solar Power Panel

US Solar Panel Supplier Sunrun to Acquire Vivint Solar for $3.2bn

Residential solar electricity provider Sunrun has signed a definitive agreement to acquire US-based Vivint Solar for an enterprise value of $3.2bn.

Energy Investment

Coal India and NLC India form 5GW Power Generation Joint Venture

Coal India has formed a power generation joint venture with NLC India to develop solar and thermal power assets.

Oil & Gas Trade

Warren Buffett's Berkshire Buys Dominion Energy Natural Gas Assets in $10 Billion Deal

Warren Buffett's Berkshire Hathaway is finally pulling the trigger.

Energy Investment

Engie Sells Interest in 2.3GW Renewables Portfolio to Hannon Armstrong

French energy services company Engie has announced its intention to sell a 49% interest in its 2.3GW portfolio of commissioned US renewables.

Smart Grid

German E.ON to Invest EUR 210 Million in Power Business in Romania

E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division.

Energy Investment

Emmanuel Macron Commits €15bn to Definitive Climate Action

French President, Emmanuel Macron, has pledged an additional €15bn for measures to combat the climate crisis over the next two years.

Solar Power Plant

Portugal's EDP Backs Eight Renewable Projects Across Africa

Portuguese renewable energy company EDP has announced €500,000 in funding to help Africa accelerate its uptake of renewable energy.

Electricity Transmission

Nepal Receives $200m ADB Loan for Power Transmission System Upgrades

The Asian Development Bank has agreed to give a $200m concessional loan to help upgrade power supply and transmission systems in Nepal.

Energy Investment

Spain's Cabrera Solar Project Receives EIB Investment

The European Investment Bank has decided to invest €43.5m in Cabrera Solar Project in Andalusia, Spain.

China Energy

China State Grid Completes a Wholly-Owned Acquisition of Chile's Chiquita Group

The project is also the largest investment project by Chinese companies in the field of Chile's energy and utilities.

Wells Fargo Signs Supply Agreement with Shell Energy and MP2 Energy

Financial services firm Wells Fargo has signed structured renewable energy agreements with Shell Energy North America and its subsidiary MP2 Energy for nearly 1…

Energy Investment

World Bank to Support Nepal's Energy Sector with $100m Credit

The World Bank has agreed to support energy sector reform in Nepal by giving the country's government a $100m development policy credit.

Energy Investment

Mitsui Invests $25m in FirstElement Fuel

Japan's Mitsui has invested $25m in California's biggest hydrogen station developer and operator FirstElement Fuel.

Clean emission

IEA Lays Out $3T Global Green Recovery Plan Over 3 yrs

A sustainable recovery from COVID-19 crisis could create millions of jobs while decreasing emissions, new report says.

Energy Investment

Volkswagen to Invest up to Another $200M in Solid-State-Battery Company QuantumScape

The Volkswagen Group is increasing its stake in QuantumScape and making an additional investment of up to $200 million in the US battery specialist.