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Economy
Chile
Chile: Mainstream Renewable Power Secures Funding for 630MW of Renewable Generation
Mainstream Renewable Power has closed funding of US$620 million for the second phase of the Andes Renovables wind and solar generation platform in Chile.
Energy Investment
EDP Renováveis to Sell Stake in US Renewable Assets for $700m
Spanish firm EDP Renováveis has agreed to sell its stake in a US wind and solar portfolio to Connor, Clark & Lunn Infrastructure for $700m.
Offshore Wind Power
Crown Estate Scotland Launches Offshore Wind Fund
Crown Estate Scotland has launched a £500,000 fund to go towards sustainable development of offshore wind in the country as part of its net zero commitment.
Nuclear Power Plant
China's Approved Two Nuclear Power Plants to Boost the Economy and Reduce Pollution
The Government of China has reportedly approved the construction of two nuclear power projects in the country.
Energy Investment
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 …
Hydropower Plant
Research Identifies Need for Multi-Billion Dollar Investments in Asian Hydropower Modernisation
A study conducted by International Hydropower Association for the Asian Infrastructure Investment Bank has found that 66 hydropower stations across 19 countries…
Mitsubishi Hitachi Power Systems Announces Rebrand
Mitsubishi Power, a major subsidiary of the Mitsubishi Heavy Industries Group, has officially changed its corporate name from Mitsubishi Hitachi Power Systems.
Coal-Fired Power Plants
ADB Urged to Withdraw Financing New Coal-Fired Energy Projects
The Asian Development Bank has been urged to withdraw from financing new coal-fired energy projects by its Independent Evaluation.
Energy Investment
EU Bank Acquires 25% Stake in Romanian Gas Company
The European Bank for Reconstruction and Development is strengthening energy security in Moldova with the acquisition of a 25% stake in Vestmoldtransgaz.
United Kingdom
BP to Sell London Headquarters as Work Style Shifts
BP Plc plans to sell its headquarters in central London as it cuts jobs and adopts flexible working.
Market Analysis
South Africa Sees Worst Power Cuts on Record in 2020, Research Shows
The power cuts by ailing state utility Eskom are one of the biggest challenges facing President Cyril Ramaphosa as he tries to revive investor confidence in Afr…
China
China Sees Record-Breaking Electricity Consumption In August
China’s electricity consumption hit a record this month after rising steadily since the start of summer, noting that the trend suggested a robust recovery in e…
Solar Company
Centrotec Taking Control of Solar Module Maker Sonnenstromfabrik
German heating and ventilation equipment provider Centrotec SE has agreed to take over PARI Group AG.
Hydrogen Fuel Stations
Two New Hydrogen Stations Planned for the Netherlands
Two new hydrogen filling stations will be operational in the Netherlands next year as part of a partnership between Holthausen and Resato International.
H2ermes: Green Hydrogen for a More Sustainable Amsterdam
Hydrogen will play a key role in the transition to a sustainable economy.
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