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Energy economy
Electricity Transmission
UK Transmission Companies Criticise $32bn Ofgem Transition Fund
UK energy network regulator Ofgem has announced $32bn (£25bn) of funding to help the country’s energy distributors toward net-zero networks.
Market Analysis
China Leads Global Efforts to Spur Trade
China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitat…
SoftBank May Divest Stake in Indian Green Energy Firm SBG Cleantech
Japanese conglomerate SoftBank Group is reportedly in talks to sell its 80% stake in Indian green energy firm SBG Cleantech.
Solar Power Panel
US Solar Panel Supplier Sunrun to Acquire Vivint Solar for $3.2bn
Residential solar electricity provider Sunrun has signed a definitive agreement to acquire US-based Vivint Solar for an enterprise value of $3.2bn.
Energy Investment
Coal India and NLC India form 5GW Power Generation Joint Venture
Coal India has formed a power generation joint venture with NLC India to develop solar and thermal power assets.
Oil & Gas Trade
Warren Buffett's Berkshire Buys Dominion Energy Natural Gas Assets in $10 Billion Deal
Warren Buffett's Berkshire Hathaway is finally pulling the trigger.
Energy Investment
Engie Sells Interest in 2.3GW Renewables Portfolio to Hannon Armstrong
French energy services company Engie has announced its intention to sell a 49% interest in its 2.3GW portfolio of commissioned US renewables.
Smart Grid
German E.ON to Invest EUR 210 Million in Power Business in Romania
E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division.
Energy Investment
Emmanuel Macron Commits €15bn to Definitive Climate Action
French President, Emmanuel Macron, has pledged an additional €15bn for measures to combat the climate crisis over the next two years.
Solar Power Plant
Portugal's EDP Backs Eight Renewable Projects Across Africa
Portuguese renewable energy company EDP has announced €500,000 in funding to help Africa accelerate its uptake of renewable energy.
Electricity Transmission
Nepal Receives $200m ADB Loan for Power Transmission System Upgrades
The Asian Development Bank has agreed to give a $200m concessional loan to help upgrade power supply and transmission systems in Nepal.
Energy Investment
Spain's Cabrera Solar Project Receives EIB Investment
The European Investment Bank has decided to invest €43.5m in Cabrera Solar Project in Andalusia, Spain.
China Energy
China State Grid Completes a Wholly-Owned Acquisition of Chile's Chiquita Group
The project is also the largest investment project by Chinese companies in the field of Chile's energy and utilities.
Wells Fargo Signs Supply Agreement with Shell Energy and MP2 Energy
Financial services firm Wells Fargo has signed structured renewable energy agreements with Shell Energy North America and its subsidiary MP2 Energy for nearly 1…
Energy Investment
World Bank to Support Nepal's Energy Sector with $100m Credit
The World Bank has agreed to support energy sector reform in Nepal by giving the country's government a $100m development policy credit.
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