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Wind Farm

Repsol to Purchase 1.6GW of Renewable Assets in Chile

Repsol has agreed to form a joint venture (JV) with Grupo Ibereólica Renovables to manage a portfolio of renewable energy projects in Chile.

Energy Investment

Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete

Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.

Power Construction

Arcadis Ost 1 Offshore Substation Starts Taking Shape

Construction of the upper part of the Arcadis Ost 1 offshore substation has now begun at the former Lenin Shipyard in Gdansk, Poland, Elia Group said.

Wind Power Project

RCG Joins Vietnamese Nearshore Wind Project

The Renewables Consulting Group has entered into a contract to provide technical advisory services for the Hiep Thanh nearshore wind farm in Vietnam.

Electricity Transmission

Iberdrola Slams UK’s Proposal for Lower Network Returns

Spanish utility Iberdrola's chief executive, Ignacio Galan, has strongly criticised UK energy regulator Ofgem's proposal to cut the allowed return on equity for…

Oil & Gas Trade

Kuwait Heavy Oil Output to Hit 75,000 b/d by September

State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…

Crude Oil

Indian Refinery Runs Edge Higher in June

Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.

Electric Car

Volvo Chief Stresses Importance of State-Backed Charging Infrastructure for Electric Vehicles

The chief executive of Volvo Cars described plug-in hybrids as a “very popular concept” on Tuesday, but emphasized the need for government support when it com…

Energy Investment

Efficiency Companies Raise $858 Million In VC Funding In 1H 2020

Funding into Battery Storage and Efficiency companies was down in the first half of 2020

Aker 2Q13 Earnings Impacted by Order Delays and Cancelations

Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012

Oil Field

Shell Gets Green Light for Brent Alpha Jacket Decommissioning Plan

UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.

South Africa

Nyimpini Mabunda Named New CEO for General Electric in Southern Africa

Nyimpini Mabunda has been appointed Chief Executive Officer for Southern Africa for General Electric.

Electric Car

Electric Vehicle Market Likely to be Rs 50,000 Crore Opportunity in India by 2025

The electric vehicle market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrificatio…

Italy

INNOSEA Receives Grant for Floating Solar R&D Project

Engineering firm INNOSEA has been awarded a European H2020 grant to undertake a research and development project to support more efficient.

Microgrid

Cummins Gas-Fired Generator Selected for Aussie Gold Mine Microgrid

Cummins has installed one of its lean-burn gas generators for a microgrid project at an Australian gold mine.