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Energy economy
Nuclear Power Plant
Brookfield 'at a Crossroads' on Whether to Sell Westinghouse
Brookfield Business Partners is considering whether to sell Westinghouse Electric Company, the investment company's CEO, Cyrus Madon, said in a conference call …
United States
US Renewables Trade Group Formally Launches
American Clean Power Association unveils new website and adverts showcasing the sector
Energy Investment
CSIRO Receives $1 Million in Funding for Hydrogen Refueling Station As Part of VH2
The $10-million VH2 project is designed to bring researchers, industry partners and businesses together to test, trial and demonstrate new and emerging hydrogen…
Thermal Coal
S Africa's Exxaro to Halt Further Coal Investments
South Africa's largest coal mining firm Exxaro Resources will no longer invest in thermal coal assets, its chief executive Mxolisi Mgojo said this week.
Energy Investment
Green Genius to Invest over 100 mln Euros in Solar Energy in Poland
Solar energy in coal-reliant Poland has surged to 3.7 gigawatt in 2020 from 1.5 GW in 2019 due to hefty subsidies.
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Gas power plant
Siemens, BP and Prumo Transfer Brazil LNG Projects Stake to SPIC
SPIC Brasil has acquired a 33% stake in two LNG-to-power projects from Siemens, BP and Brazilian company Prumo.
Oil Field
Petrobras Inks Deals for Sale of Shallow-Water Fields
Brazilian oil and gas giant Petrobras is selling its whole interest in two shallow-water fields located in the Espírito Santo Basin offshore Brazil.
Power Construction
Sierra Leone Secures $50m Grant to Boost Access to Electricity
The World Bank board of executive directors has approved a $50 million grant from the International Development Association to improve access to electricity in …
Offshore Wind Power
Northland Power to Buy into 1,2GW Offshore Wind Farm Project in Poland
Northland Power has entered into an agreement with Poland’s PKN ORLEN to acquire a 49% interest in the Baltic Power offshore wind project in the Baltic Sea wit…
South Africa
SOUTH AFRICA: Three Rounds of Tendering for 6.8 GW of Renewable Energy
The South African government is about to launch three qualification cycles for the production of 6,800 MW of renewable energy in the country.
Wind Farm
Financing Confirmed for Brazilian Wind Farms
In the north-eastern Brazilian state of Pernambuco, one of the poorest regions in the country, European Energy is about to build three new wind farms of 94 MW i…
General Electric Upbeat on 2021 after Profitable 2020
In the fourth quarter, GE reported $2.4 billion in profits, more than four times the level in the year-ago period, reflecting the benefits of cost-cutting initi…
Croatia
Croatian Firm Končar Celebrates 100 Years
Croatian electrical, transport and energy company KONČAR has just turned 100 years old.
Hydrogen Fuel Cell
Transactions of Fuel Cell Energy Surge with Growing Hydrogen Economy
Last year’s transactions of fuel cell electricity showed a dramatic increase over 2019, driven by the expansion of the hydrogen economy.
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