Energy economy

Natural Gas

BP Buying Leading RNG Production Group in $4.1 Billion Deal

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of rene…

United Kingdom

Ofgem Confirms Plans to Launch UK Energy Regulator Campaign

Ofgem has announced that it will launch a campaign to help the UK population reduce its energy use, amidst growing concerns surrounding the energy crisis.

Australia

Shell, Foresight Enter Joint Venture to Develop 370MW RE Projects in Australia

The projects include wind and solar farms, and battery storage.

Wind Farm

Iberdrola Explores Sale of Wind Assets in Romania, Hungary -Sources

Spanish power company Iberdrola is looking to sell its onshore wind farms in Romania and Hungary as part of a strategy to raise cash to fund more lucrative rene…

Australia

EU Crisis Opens Opportunity for Australian Green Energy Exports -Fortescue

The energy crisis in Europe presents a huge opportunity for Australia to export more green energy, the chief financial officer at Fortescue Future Industries (F…

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, Weather Hotter -EIA

U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather.

United Kingdom

UK Renewables and Nuclear Generators Face Windfall Tax as Government U-Turns Again

Westminster is trying to break the link between high gas prices and electricity revenue.

Carbon Emissions

Canada, Rio Tinto to Invest in R&D, Cutting Emissions at Quebec Plant

Canada and Rio Tinto Ltd will invest up to C$737 million ($533.6 million) over eight years to cut carbon emissions and expand research and development at a Queb…

United Kingdom

UK Moves to Cap Revenues of Low-Carbon Energy Producers

Britain set out plans for a temporary revenue limit on low-carbon electricity generators on Tuesday, which the government said had the potential to save billion…

Japan

Vena Energy , CDPQ Partner to Develop First Green Project Bond in Japan

It will finance a 35MW solar project.

Adnoc Drilling Secures $1.53bn Contract to Boost Adnoc's Offshore Operations

More than 80% of the contract value will flow back into the UAE economy through Adnoc's In-Country Value programme

Carbon Emissions

World Bank to Launch New Trust Fund for Emissions Reduction Grants

The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including de…

Australia

Renewables Investment in Australia Reaches $1.56B in June 2022

This is up from $97.2m in March 2016.

Smart Grid

Iberdrola Inks €220M Top-Up Loan with EU Bank for Smart Grids in Spain

The loan increase, which brings the total to around €820m, will support the development, modernisation and digitalisation of Iberdrola’s electricity distribut…

Offshore Wind Power

RWE Bids for Offshore Wind Seabed Permit in Poland

Poland is going ahead with its offshore wind build-out programme by starting a competitive process for an offshore wind seabed permit within 53.E1 area in the P…