Economy

Brexit

Brexit Process Finally Ends in Deal

The United Kingdom and the European Union have agreed a narrow post-Brexit trade deal that will shape their economic relationship for years to come.

Hydropower Plant

ABD Approves Loan for New Hydropower Construction in India

A $231 million loan from the Asian Development Bank will be used to construct the Lower Kopili Hydroelectric power plant in Central Assam, India.

Energy Storage Project

LevelTen Energy Launches PPA-Style Contract for Energy Storage Projects

Renewable energy procurement advisor LevelTen has unveiled a new financial contract service that enables corporations to invest in large-scale energy storage pr…

WorldEnergy Wishes You A Happy Holiday Season!

WorldEnergy wish you a merry Christmas, may you harvest love and happiness!

Nicaragua

Nicaragua Reaches 98.5% Electrification Rate and 75% Renewables Supply

Nicaragua reached over 75% renewables supply in 2020, of which half was from local resources.

China

China's Exports of Low-Voltage Electrical Appliances have been Increasing

According to China Customs statistics, China's exports of low-voltage electrical appliances in the first 10 months of 2020 were US$13.73 billion, a year-on-year…

Solar Power Plant

Canadian Solar Completes the Sale of a 290 MWp Greenfield Solar Portfolio in Italy

Both projects are located in Sicily, Italy, and have a total expected capacity of more than 290 MWp. The Company expects to recognize revenues from the sale in …

Saudi Arabia

Aramco and Cognite Establish JV to Accelerate Industrial Digitalization

Aramco and Cognite will establish a new company that will focus on digitalization in Saudi Arabia and the broader Middle East and North Africa region.

LNG

Shell Divests LNG Stake For $2.5 Billion

Shell has sold a 26-percent stake in an Australian LNG project to Global Infrastructure Partners for $2.5 billion as part of efforts to reduce the weight of non…

Market Analysis

Spain Generates 43.6% of Power from Renewables in 2020

Spain produced 43.6% of its electricity with renewable energy technologies in the year to December 11, Spanish grid operator Red Electrica de Espana said in the…

Wind Farm

Norway's Statkraft Sells two Planned Irish Wind Farms to Greencoat

Statkraft will start construction of the Cloghan 37.8 megawatt wind farm in County Offaly and the Taghart 25.2 megawatt farm in County Cavan in early 2021.

Blockchain

Blockchain Renewables Tracking APP to be Commercialised

Energy Web has received a Good Energies Foundation grant to commercialise the EW Zero blockchain renewables procurement marketplace.

Wind Farm

EDP Renováveis Completes the 100% Acquisition of the Renewables Business of Viesgo

EDPR will acquire 100% of a portfolio of 511 MW of renewable installed capacity in Spain and Portugal.

Energy Investment

Toyota Invests in CaetanoBus and Finlog

Toyota Caetano Portugal has invested in CaetanoBus and Finlog in a bid to accelerate the spread of hydrogen mobility.

SINOPEC

The 2020 China Energy (Group) Top Ten List is Released!

The 2020 China Energy (Group) Top Ten Enterprises List is released!