Economy

Electric Car

Tesla Gains 5% on Launching in India

Tesla stocks rallied higher at the end of Tuesday’s trading session gaining as much as 5% as the stock settled at $849.

Energy Investment

Resalta Sells Croatian Biomass Cogeneration Plant

The transaction is one of the largest foreign investments in the biomass renewables segment in Croatia.

China Belt and Road

ANGOLA: Government Calls on China to Invest in Renewable Energies

The Angolan authorities recently launched an appeal to Chinese businessmen to increase their investment in the renewable energy sector.

Wind Turbine

Siemens Gamesa to Close Two Turbine Manufacturing Plants in Spain

Wind turbine manufacturer Siemens Gamesa has announced plans to close its Somozas and Cuenca plants in Spain.

Energy Investment

Globeleq Expanding into Nigerian Power Business

Independent power generation company Globeleq will take a 74% stake in Nigerian power business CPGNL Limited.

France

Total to Keep up Renewables Energy Investments in 2021, Says CEO

Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief Executive Patrick Pouyanne told an Oddo BHF conference on Friday.

Wind Farm

Enercon, Petrobras Offload 52MW Brazilian Wind Duo

Enercon's Brazilian subsidiary Wobben Windpower and Petrobras have completed sale of two operational wind farms in Brazil totalling 52MW to V2I Transmissao de E…

Market Analysis

Wood Mackenzie reveals energy sector’s top ten trends in 2021

Wood Mackenzie analysts on what we should expect in energy in the coming year, from oil markets to solar costs and coal exports to EVs.

China Belt and Road

Belt and Road Cooperation Between China, Africa to have Brighter Future: Chinese FM

The Belt and Road cooperation between China and Africa, which has overcome the impact of the COVID-19 pandemic and external interference, is covering most of th…

Oil & Gas Trade

China Trade War on Itself Sends LNG Prices Mad

Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…

Hydropower Plant

India Gets $231m ADB Aid for Lower Kopili Hydro Project

The Asian Development Bank (ADB) has approved a $231 million loan to fund the construction of the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assa…

Electric Car

Tesla Market Value Tops $700 bn for First Time

Electric carmaker Tesla closed trading on Wednesday with a market value topping $700 billion for the first time.

Hydrogen Fuel Cell Vehicle

S. Korea to Jack up Support for Electric, Hydrogen Cars

South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-gener…

Brexit

Brexit Creates Major Problem For UK Energy Companies

In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with exc…

Energy Investment

Enel and Qatar Sovereign Fund Forge Renewables Tie-up

Transaction involves the acquisition by QIA of 50% stake in 800MW wind and PV portfolio in South Africa and Zambia.