Energy economy

South Korea

South Korea-U.K. FTA About to Take Effect

The Ministry of Trade, Industry and Energy announced on Dec. 30 that the South Korea-U.K. FTA would become effective at 8:00 a.m. Jan. 1.

China

China Datang Buys Stake in Indonesian Power Plants

China Datang Corp has bought a majority stake in PT Dian Swastatika Sentosa’s (DSS) thermal power plants in Indonesia for US$394mil.

Hydrogen Fuel Stations

Everfuel to Buy Danish Hydrogen Player DHF

Danish Hydrogen Fuel runs four hydrogen fueling stations in Denmark, an addition that will strengthen Everfuel position in Scandinavia.

United Kingdom

UK-EU Brexit Agreement – Energy Sector Business as Usual

Under the UK-EU ‘Brexit’ trade and cooperation agreement little if any changes are anticipated to the evolution of the respective energy sectors.

Offshore Wind Power

Ørsted to Divest 50% Stake in 605MW Greater Changhua 1 Offshore Wind farm

Danish power company Ørsted has signed an agreement to divest 50% ownership stake in its 605MW Greater Changhua 1 Offshore Wind Farm in Taiwan to Quebec’s Cai…

Digitalization

Aramco and SAP form Strategic Alliance to Progress Digital Transformation Journey

The agreement is in line with Aramco’s digital transformation journey, paving the way for further integration of new technologies in a rapidly evolving technol…

Hydrogen Project

A.P. Moller Holding Invests Millions in Green Hydrogen Systems

Denmark’s A.P. Moller Holding, a parent company of shipping major Maersk, has decided to invest in compatriot Green Hydrogen Systems, a supplier of modular ele…

Siemens Energy has No Plans to Sell Siemens Gamesa

Siemens Energy CEO Christian Bruch has said that there are no plans to sell all or parts of Siemens Gamesa, the company’s wind power arm.

Brexit

RenewableUK Calls for Future EU Interconnection Benefits

Framework for post-Brexit electricity trading will not be in place for 1 January 2021.

Solar Power Plant

JA Solar Signs Agreement with Indian PV Products Distributor Redington

Chinese solar photovoltaic manufacturer JA Solar has entered into a distribution partnership with India’s PV products distributor Redington.

Oil & Gas Trade

Minister Says Iran Welcomes Russian Companies' Investment in Oil Sector

Iran's Minister of Petroleum Bijan Namdar Zanganeh invited Russian companies to invest in his country's oil industry.

Nuclear Power Plant

Mochovce New-Build Project Receives Loan Boost

They and EP Slovakia BV have signed a new agreement that modifies some of the terms and conditions of the 2015 contract concerning the sale of the stake held by…

South Africa

AFRICA: AfDB Allocates $5 million to Renewable Energy Projects in the G5 Sahel

The "Desert to Power" initiative has just received a grant of 5 million dollars from the Sustainable Energy Fund for Africa, managed by the African Development …

Wind Farm

US Utility Acquires First Wind Farm

400MW facility in Missouri is first of two planned investments

Energy Storage Project

Gresham House to Buy First Scottish Storage Project

The 30MW Byers Brae development is expected online in the second quarter of next year