Energy economy

United States

Third Energy Firm Declares Bankruptcy in Texas Snow Storm Fallout

Griddy Energy, the Texan energy supplier that encouraged customers to leave its service during recent snowstorms, has become the third energy firm in the state …

Energy Investment

Porsche Invests EUR 70 million in Croatia’s Rimac Automobili

Porsche has increased the share of its ownership in Croatia’s electric car producer Rimac Automobili to 24% with an investment of EUR 70 million.

The Bitcoin Energy Challenge

As the Bitcoin price surges so does the energy consumption as mining increases, but management and regulatory options are possible.

Natural Gas

Kazakh State Energy Firm to Retain Ownership of Gas Division

KazMunayGaz is the oil-exporting nation's biggest borrower on the Eurobond market, and some analysts had expressed concerns that the government's plan to hive o…

Solar Power Plant

Burkina Faso to get 30MW Solar Plant for National Grid

The Emerging Africa Infrastructure Fund will finance 80% of the construction of Urbasolar SAS’ new solar plant planned for 250km south-east of Ouagadougou, Bur…

RCEP

China has Officially Ratified RCEP Deal: Commerce Minister

The Chinese government has officially ratified the Regional Comprehensive Economic Partnership agreement, Minister of Commerce Wang Wentao said Monday.

Energy Investment

Wells Fargo to Deploy $500bn in Sustainable Financing by 2030

Wells Fargo has announced plans to invest $500bn in sustainable financing by 2030 to support the transition to a low-carbon economy.

China

Istobal Opens Production Plant in China

ISTOBAL continues to drive its international expansion with the opening of a subsidiary plant in China.

Solar Power Plant

Enel Snaps up 519MW Spanish Solar Portfolio

Eleven projects acquired from Arena Power in the province of Huelva that will come online in 2024

Energy Storage Battery

Rosatom Subsidiary Acquires 49% Stake in Korean Power Storage Company

RENERA LLC, Rosatom’s integrator company for the energy storage business has finalized the deal to acquire 49% share of Enertech International Inc, a South Kor…

Natural Gas

Clean Energy, Total Sign JV for Renewable Natural Gas Production

The joint venture, owned equally by both firms, will have an initial firm commitment of $100 million to build renewable gas production facilities

Crude Oil

PetroSA Merger to Form South African National Petroleum Company

In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…

Solar Power Plant

Lighsource BP Closes 100MW Solar Sell-Off

Lightsource BP has closed the sale of 100MW of UK solar projects to NextEnergy Solar Fund, for £64m.

China

China Targets GDP Growth of more than 6pc in 2021

China has set a GDP growth target of over 6pc this year, premier Li Keqiang said today.

United Kingdom

London Unveils £12bn Infrastructure Bank

Institution based in Leeds will support projects that help meet the government's climate change goals