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Energy economy
How Bad Relations With China Could Mess With the Energy Transition
Increasingly strained relations between China and the West are spilling into the clean power sector.
Australia
Western Australia Pumps $22m Into Hydrogen Action Plan
Western Australia is positioning hydrogen as one of the industries to build its recovery and innovation into the future.
Hydrogen Fuel Cell
France’s EODev Secures €20m to Commercialise Hydrogen Technology
French-based company Energy Observer Developments has closed €20 million in funding to accelerate the industrialisation and commercialisation of its hydrogen s…
Thermal Plant
L&T-Owned 1,400 MW Nabha Power Plant Wins Twin Awards at CII Energy Efficiency Summit 2020
Nabha Power, a wholly owned subsidiary of L&T Power Development, won two prestigious awards at the 21st National Award Ceremony for Excellence in Energy Managem…
Elliott Attempting to Prevent Chevron’s Takeover of Noble Energy
Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron.
Energy Technology
EU Energy Tech Incubator Opens US Office
European sustainable energy technology incubator EIT InnoEnergy has expanded into the US, opening an office in Boston.
Australia
Tesla Secures Funding for Australia’s Largest Virtual Power Plant
The Australian Renewable Energy Agency has issued AUS$8.2 million in funding for the development of what is claimed to be the largest virtual power plant in the…
Chile
Chile: Mainstream Renewable Power Secures Funding for 630MW of Renewable Generation
Mainstream Renewable Power has closed funding of US$620 million for the second phase of the Andes Renovables wind and solar generation platform in Chile.
Energy Investment
EDP Renováveis to Sell Stake in US Renewable Assets for $700m
Spanish firm EDP Renováveis has agreed to sell its stake in a US wind and solar portfolio to Connor, Clark & Lunn Infrastructure for $700m.
Offshore Wind Power
Crown Estate Scotland Launches Offshore Wind Fund
Crown Estate Scotland has launched a £500,000 fund to go towards sustainable development of offshore wind in the country as part of its net zero commitment.
Energy Investment
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 …
Hydropower Plant
Research Identifies Need for Multi-Billion Dollar Investments in Asian Hydropower Modernisation
A study conducted by International Hydropower Association for the Asian Infrastructure Investment Bank has found that 66 hydropower stations across 19 countries…
Mitsubishi Hitachi Power Systems Announces Rebrand
Mitsubishi Power, a major subsidiary of the Mitsubishi Heavy Industries Group, has officially changed its corporate name from Mitsubishi Hitachi Power Systems.
Coal-Fired Power Plants
ADB Urged to Withdraw Financing New Coal-Fired Energy Projects
The Asian Development Bank has been urged to withdraw from financing new coal-fired energy projects by its Independent Evaluation.
Energy Investment
EU Bank Acquires 25% Stake in Romanian Gas Company
The European Bank for Reconstruction and Development is strengthening energy security in Moldova with the acquisition of a 25% stake in Vestmoldtransgaz.
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