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Energy Investment
Adnoc Distribution to Buy 50% Stake in TotalEnergies Egypt in Its Largest Investment
The acquisition, expected to be completed in the first quarter of 2023, marks the UAE company's entry into Arab world's most populous market
Oman
Oman Desalination Plant Powers up With Solar
Energy management solutions provider Veolia and TotalEnergies are to build a solar photovoltaic plant at a desalination facility in Sur, Oman.
Spain
Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain
The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one millio…
Wind Turbine
Vattenfall Installs First Turbine at Grönhult Project
The first wind turbine at Grönhult wind farm, Sweden, is now being erected, where a total of 12 5.6 MW wind turbines will be installed from Vestas.
Hydropower Plant
Portugal, Switzerland Launch Pumped Storage Hydropower Plants of Over 2 GW in Total
Iberdrola inaugurated its pumped storage hydropower plant Tâmega Gigabattery in Portugal and a similar facility was set into motion in Switzerland.
Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni
New production-sharing contract is for 25 years for onshore blocks in eastern part of North African country
Nuclear Fusion
Google and Chevron Invest in Nuclear Fusion Startup That’s Raised $1.2 Billion
Google and Chevron were part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy th…
East Asia, Pacific Remain as Hydropower ‘Powerhouse’
Its total capacity reached 532GW in 2021.
Energy Storage Battery
Project With World’s Largest Lithium-Vanadium Hybrid BESS Officially Launched in Oxford, UK
Energy Superhub Oxford, a project with a lithium-ion-vanadium hybrid battery energy storage system (BESS) totalling 55MW, has officially launched.
Natural Gas
“Total Halt of Russian Energy Exports to Europe Could Put UK’s Energy Security at Risk”
Europe could face a ‘severe recession’ if Vladimir Putin turns off the gas flows, according to a report
Companies Call for Energy Rationing
EDF, TotalEnergies and ENGIE have said energy price hikes “threaten political and social cohesion”
Energy Investment
Renewables to Drive 8% Rise in Global Energy Investment in 2022
Green energy, grids and storage now account for more than 80% of total investment in power sector.
Hydrogen Project
$5 Billion Green Hydrogen Project Launches Between Adani and TotalEnergies
The renewable H2 initiative is meant to help India to cut back on its oil and coal imports.
LNG
Qatar Expands LNG Capacity to Become Europe’s Emergency Gas Supplier
Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project.
LNG
Qatar Energy Partners With Eni for North Field East LNG Project
Qatar Energy signed a deal with Eni on Sunday on the Gulf Arab state's North Field East expansion, the world's largest liquefied natural gas (LNG) project, foll…
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