Energy economy

Energy Investment
Investment in Renewables Hits Record $226BN Despite Supply Chain Woes
Global investment in renewable energy rose to $226 billion in the first half of 2022, setting a new record for the first six months of a year.
Adani Green Energy’s Cash Profit up 48% YoY to $86M in Q1 FY23
Its operational capacity rose 65% YoY to 5,800MW.
United Kingdom
British Solar Renewables Acquired by ICG Infra
It aims to have more than 1.5GW of renewable energy capacity in operation over the next five years.
Energy Investment
Octopus Energy, Nest, and GLIL invest in Hornsea One
Octopus Energy Group’s generation business has worked with Nest to take a stake in the Hornsea One Wind Farm.
Japan
Japan’s JERA Posts JPY11.7B Loss in Q1
This is a JPY75.8b drop from the JPY64b profit last year.
EU
EU Approves 3-Billion-Euro German Green Heating Scheme
The European Commission said on Tuesday it had approved the German government's 3-billion-euro scheme to support renewable energy and waste heat-based district …
Offshore Wind Power
Vattenfall Prequalifies for the Upcoming French Offshore Wind Energy Tender in the Mediterranean Sea
Vattenfall prequalifies for the upcoming floating French offshore wind tender for two projects off the coast of the Mediterranean Sea.
Energy Investment
EU Backs Cleantech Innovators With €1.8BN Investment
A total of 17 projects will share the funding to bring ‘breakthrough technologies’ to the market in energy-intensive industries
Siemens Gamesa Posts €340M Quarterly Loss
Manufacturer reportedly considering cutting 2500 jobs, equivalent to 9% of its workforce.
Electric Car
Tesla Shareholders to Vote on Yet Another Stock Split
Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years.
Oil Price
Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…
Carbon Emissions
UK Pushes Ahead Public Sector Decarbonisation With £635M
NHS Trusts, schools and local authorities will be able to apply for grants in September
Poland
Iberdrola Acquires 98MW Renewables Portfolio in Poland
Spanish energy company Iberdrola has agreed to acquire 98MW of wind and solar projects in Poland from Augusta Energy, a joint venture between Greenvolt’s subsi…
JinkoSolar Subsidiary to Issue $1.5B Convertible Bonds
Proceeds will serve as Jiangxi Jinko’s working capital, amongst others.
United Kingdom
Octopus ‘Asks for £1BN Government Support to Seal Bulb Takeover Deal’
The energy supplier is reportedly keen on paying up to £200 million to take on Bulb’s 1.6 million customers.

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Energy economy

Investment in Renewables Hits Record $226BN Despite Supply Chain Woes

Adani Green Energy’s Cash Profit up 48% YoY to $86M in Q1 FY23

British Solar Renewables Acquired by ICG Infra

Octopus Energy, Nest, and GLIL invest in Hornsea One

Japan’s JERA Posts JPY11.7B Loss in Q1

EU Approves 3-Billion-Euro German Green Heating Scheme

Vattenfall Prequalifies for the Upcoming French Offshore Wind Energy Tender in the Mediterranean Sea

EU Backs Cleantech Innovators With €1.8BN Investment

Siemens Gamesa Posts €340M Quarterly Loss

Tesla Shareholders to Vote on Yet Another Stock Split

Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices

UK Pushes Ahead Public Sector Decarbonisation With £635M

Iberdrola Acquires 98MW Renewables Portfolio in Poland

JinkoSolar Subsidiary to Issue $1.5B Convertible Bonds

Octopus ‘Asks for £1BN Government Support to Seal Bulb Takeover Deal’