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Energy economy
Hydropower Plant
India Gets $231m ADB Aid for Lower Kopili Hydro Project
The Asian Development Bank (ADB) has approved a $231 million loan to fund the construction of the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assa…
Electric Car
Tesla Market Value Tops $700 bn for First Time
Electric carmaker Tesla closed trading on Wednesday with a market value topping $700 billion for the first time.
Hydrogen Fuel Cell Vehicle
S. Korea to Jack up Support for Electric, Hydrogen Cars
South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-gener…
Brexit
Brexit Creates Major Problem For UK Energy Companies
In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with exc…
Energy Investment
Enel and Qatar Sovereign Fund Forge Renewables Tie-up
Transaction involves the acquisition by QIA of 50% stake in 800MW wind and PV portfolio in South Africa and Zambia.
Hydrogen Fuel Cell
SK Group Invests $1.5bn in Hydrogen Fuel Cell Firm Plug Power
South Korean company SK Group has agreed to invest $1.5bn in US-based hydrogen fuel cell solutions provider Plug Power, forming a new strategic partnership.
Hydropower Plant
DORE’s First Investment Since IPO Involves Eight Swedish Hydropower Plants
Downing Renewables & Infrastructure Trust plc has exchanged contracts to acquire its first investment, a portfolio of eight operational hydropower plants in cen…
Wind Farm
EDF Starts Crowdfunding for 14.1MW French Project
EDF Renouvelables has started crowdfunding for the construction of the Telegraph wind farm in Vermenton, Yonne, France.
Energy Investment
Fluence Gets $125 million Energy Storage Investment Boost from Qatar
The Qatar Investment Authority has committed $125 million investment to global energy storage provider Fluence.
Coal-Fired Power Plants
AES to Sell Equity in 1,242MW Coal-Fired Plant in Vietnam
Power company AES Corp has agreed to sell its majority interest in the 1242MW Mong Duong 2 coal-fired power plant in Vietnam.
Energy Investment
China's Investment in Countries Along the Belt and Road Increased by 24.9%
According to data released by the Ministry of Commerce of China, from January to November 2020, China's foreign non-financial direct investment was 659.36 billi…
Hydrogen Fuel Cell
DOE to Invest $6.4M to Develop Hydrogen-Fueled Turbines
The UTSR Program conducts research to increase the efficiency and performance of gas turbines while lowering emissions.
Energy Infrastructure
KOMIPO Wins ‘Construction Project of the Year’ at Global Energy Awards
KOMIPO ’s Seoul Power Headquarters, the world's first large-capacity underground power plant, was chosen for the “Construction Project of the Year” of the 20…
Crude Oil
Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m
The company aims to “significantly” increase its presence in kingdom and become a top fuel retailer by 2025.
Blockchain
Three Novel Blockchain Projects in the Energy Sector
An auditing system, clean energy loan fraud and biomass traceability are among the novel blockchain use cases currently emerging.
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