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Hydropower Plant

EDP Brazil shrinks Hydropower Portfolio In Favor Of Solar

Image credit: WFranz on PixabayEDP Brazil said it believes in a future with more solar energy in its portfolio, in addition to more investments in distribution …

United States

ACP: US Government Is Helping Utilities Lower Costs For Consumers

Cover of the Clean Energy Investing in America report from the American Clean Power Association (ACP).In just the last three months, over $40 billion of new gri…

Oil Price

Energy Suppliers Face Over £1.9bn Of Debt As Households Struggle To Pay Their Bills ​​​​​​

A new report from Cornwall Insight and Complete Strategy – ‘Bad debt and energy suppliers: A systemic risk' – has shown domestic energy su…

Dubai

UAE's DEWA Completes 93% Of 4th Phase Of H-Station Power Plant In Al Aweer

Dubai Electricity and Water Authority (DEWA) has completed 93% of the 829 megawatts (MW) 4th phase of the H-Station power plant in Al Aweer with investments tot…

Crude Oil

Exxon, Chevron to Spend Billions More on Oil Projects Next Year

The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid h…

Wind Farm

Australian Government to Underwrite Renewable Energy Capacity

The Australian government has agreed to underwrite new wind and solar farms backed by energy storage, in hopes of unleashing investment at least A$10 billion ($…

Energy Transition

Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln

Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people f…

Wind Farm

Billionaire Forrest Aims to Develop 5 GW of Wind Farms by 2030

CWP Renewables, now in the hands of Andrew Forrest, plans to develop 5 gigawatts of wind farms in Australia by 2030.

Energy Transition

G7 Makes New $15 Billion Offer to Vietnam to Cut Coal Use -Sources

The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transit…

Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…

Crude Oil

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…

Natural Gas

Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion

Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on We…

Electric Car

UK Approves $26.6 Billion Power Grid Investment to Expand Renewable Capacity

Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make t…

Natural Gas

Shell to Acquire Nature Energy

Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners, and Sa…

Carbon Emissions

Heat Pumps Can Reduce Carbon Dioxide Emissions by 500 Million Tonnes by 2030, IEA Says

Additional annual investment of $160 billion until 2030 will be needed to meet global climate pledges.