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Energy economy
United Kingdom
E.ON Makes More Than £3BN in Profit in First Six Months
The global energy group said EBITDA declined by £591 million.
Vestas Sells Converters and Controls Business to KK Wind Solutions
Vestas continuously looks for partners that can support its strategic focus on its core business and help scale renewables efficiently in the long-term.
Australia
Australia’s Energy Industry Posts 16.7% Mom Turnover Growth in June
It has the largest percentage growth for two consecutive months.
Wind Power Project
Colombia Announces the First Offshore Wind Energy Tender
The Colombian Ministry of Mining and Energy has launched the country’s first offshore wind lease round and expects to grant permits for the use of marine areas…
Shell Completes Acquisition of Renewable Platform Sprng Energy Group
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited, and with …
EU
EU Approves €110M Austrian Scheme to Support Agri-Producers Hit by Rising Energy Costs
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers…
Australia
Energy Prices Across Australia to Remain High Until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the Nationa…
Baker Hughes Acquires Power Generation Division of Brush Group
Energy technology company Baker Hughes has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners.
United States
U.S. Senate Passes Inflation Reduction Act to Energy Industry Applause
The clean energy industry celebrated a moment on August 7, 2022, that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure …
Wind Turbine
Siemens Energy Warns of Deeper Net Loss Over Russia Restructuring
Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 20…
Carbon Emissions
U.S. Fuel Retailers Rail Against Green Aviation Fuel Tax Credit
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more…
Adnoc Distribution’s Second-Quarter Net Profit Surges 71% On Strong Revenue
Growth in both fuel volumes and non-fuel business of the company boosted revenue
Energy Transition
Masdar Signs Agreement With Tanzanian Utility for Renewable Energy Projects
Abu Dhabi's clean energy company setting up joint venture with Tanesco in Tanzania to develop projects with combined capacity of two gigawatts
Getech Secures Contract for Geoscience Platform
Getech has signed a US$1.1 million multi-year contract with an international energy company for its Globe platform and launched the next generation of this tool…
Energy Investment
Biden Administration to Invest Us$26 Million in Renewable Grid Demonstration Projects
US President Joe Biden has launched a US$26 million-funded project that will demonstrate the US electricity grid can reliably run entirely on renewables and ene…
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