Economy

Switzerland

Actis Chooses WinJi’s Software Platform to Maximize Asset Performance and Support Value Creation for Renewable Energy Projects

WinJi, a Swiss based company leading in artificial intelligence for renewable energy asset management and it’s innovative “True Power” platform...

Energy Investment

Pattern Energy Secures $515m Financing Fund in Japan

US-based renewable developer Pattern Energy Group has secured a $515m financing fund to invest in Japanese renewable power projects.

Total Raises €3bn to Fund Renewables Push

Total has issued perpetual subordinated bonds worth €3bn.

OPEC

Video: How the Global Economy Could Look Without OPEC?

OPEC or the Organisation of the Petroleum Exporting Countries supplies over 40% of the world’s oil and possesses a staggering 80% of total reserves Headquarter…

Hydrogen Project

Hanwha Solutions Acquires Cimarron Composites

Hanwha Solutions has signed a deal to acquire a 100% stake in Cimarron Composites, as part of an effort to accelerate its expansion into the green hydrogen indu…

Energy Investment

AIIB to Boost Financing for Green Projects

The Asian Infrastructure Investment Bank will increase financing for social infrastructure, green infrastructure and technology-enabled infrastructure, which ha…

RCEP

RCEP to Take Effect by End of This Year

The Regional Comprehensive Economic Partnership agreement is expected to take effect by the end of this year, enabling more than one-third of China's foreign tr…

France

Total Pays $2.5bn for 20% Stake in Adani Green Energy

French oil company Total has purchased a 20% minority stake in Indian renewables producer Adani Green Energy Ltd.

Hydrogen Fuel Cell

Hyundai Motor Group Building New Fuel Cell System Plant in China; First Outside of Korea

Hyundai Motor Group signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Gua…

Energy Technology

US$47m Funding from US Department of Energy for Disruptive Tech Mostly goes to Batteries, Smart Grid

The lion’s share of new funding announced this week to help scale-up potentially disruptive technologies by the Advanced Research Projects Agency - Energy of t…

United Kingdom

Vestas Lay off 220 Employees in Denmark and Britain

Danish wind turbine manufacturer Vestas Wind Systems has announced it will lay off 220 employees in Denmark and Britain.

Oil Field

Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields

Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry

China

China and EU Together for a Better Tomorrow

On Dec 30, China and the European Union concluded the negotiations on the EU-China Comprehensive Agreement on Investment.

Clean Energy Transition

COP26: Developed Nations Urged to Provide $100bn for Energy Transition

World energy leaders held a virtual COP26 Roundtable on Clean Power Transition to discuss the global transition to clean power as part of a green recovery and t…

Crude Oil

Altrad Snaps up Contracts Worth £30m for Work at Major Oil Refinery

Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.