Energy economy

Solar Company

JinkoSolar to Sell Interest in Sweihan Solar to Jinko Power HK

A subsidiary of Chinese photovoltaic manufacturer JinkoSolar Holding has signed an agreement to sell its 50% stake in Sweihan Solar to Jinko Power HK.

Energy Infrastructure

Australia’s Government Invests AU$125m Towards Grid Infrastructure for Snowy 2.0 Pumped Hydro

The Australian government-backed Clean Energy Finance Corporation has committed AU$125 million to help build grid infrastructure for a 2GW pumped hydro project …

Petronas Posts Nine-Months Loss

Malaysian energy giant Petronas posted a loss for the nine months of 2020.

Energy Investment

Repsol to Invest €5.5bn in Low Ccarbon Generation

Oil and gas player unveils spending as part of ‘strategic plan to accelerate energy transition’.

India

India’s Renewable Power Capacity is the Fourth Largest in the World, Says PM Modi

He added that by 2022, the share of renewable capacity will increase to over 220 GW

China

China Hits 26 per cent of 2020 Target for U.S. Energy Imports under Trade Deal

China has accelerated imports of crude oil, propane and liquefied natural gas from the United States since July.

Hydrogen Project

Mitsubishi to Invest in Green Hydrogen, Green Ammonia in Australia

Green hydrogen and green ammonia are the next-generation clean energy which produce no carbon emissions either in the production or combustion stages.

Doosan Heavy Becomes Largest Shareholder of Doosan Fuel Cell

Doosan Fuel Cell shareholders, including group Chairman Park Jeong-won, seeded a 23 percent stake in Doosan Fuel Cell to Doosan Heavy Industries & Construction …

Offshore Wind Power

Equinor and Partner Reach Financial Close on World’s Biggest Offshore Wind Farm

Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the first two phases of the project, representing in aggregate the larges…

RCEP

RCEP Reaffirms Shift in World’s Economic Power Center

Trade is a natural extension of not being self-sufficient, and specialization through trade enhances the efficient production of goods and services that people …

Smart Energy

Shanghai Electric and Siemens Energy to Establish Smart Energy Empowerment Center

The cooperation aims to build a smart energy empowerment center that can serve domestic and global energy industries.

Energy Investment

Enel to Invest 160 bln Euros by 2030 in Clean Energy Drive

ENEL-PLAN/ (UPDATE 1)UPDATE 1-Enel to invest 160 bln euros by 2030 in clean energy drive.

Oil Field

GeoPark Announces Agreement to Sell 10% Working Interest in the Manati Gas Field in Brazil

The total consideration of the transaction amounts to R$144.4 million, including a fixed payment of R$124.4 million plus an earn-out of R$20.0 million, which is…

BP Sells London HQ for Nearly $332 Million

Following reports that BP is preparing to sell its London headquarters, the oil major has now entered into an agreement for the sale of the HQ for £250.

Chile

China State Grid Further Inroads into Chile’s Electricity Distribution Sector

Spanish energy company Naturgy’s 96.04% stake in CGE will cost State Grid €2.57 billion payable in cash once the transaction is completed, which is expected b…