Economy

Wind Turbine

ZEST WEG Launches Gearless Turbine Technology in South Africa

Zest WEG will be combining its new turbine technology with its established footprint in the local South African economy to develop the sector and local skill se…

Energy Investment

Lundin Makes $357,000 Investment in Swedish Wave Energy Start-Up

Non-profit investment company Lundin Foundation has invested $357,000 in wave energy foundation Ocean Harvesting Technologies.

How Bad Relations With China Could Mess With the Energy Transition

Increasingly strained relations between China and the West are spilling into the clean power sector.

Australia

Western Australia Pumps $22m Into Hydrogen Action Plan

Western Australia is positioning hydrogen as one of the industries to build its recovery and innovation into the future.

Hydrogen Fuel Cell

France’s EODev Secures €20m to Commercialise Hydrogen Technology

French-based company Energy Observer Developments has closed €20 million in funding to accelerate the industrialisation and commercialisation of its hydrogen s…

Thermal Plant

L&T-Owned 1,400 MW Nabha Power Plant Wins Twin Awards at CII Energy Efficiency Summit 2020

Nabha Power, a wholly owned subsidiary of L&T Power Development, won two prestigious awards at the 21st National Award Ceremony for Excellence in Energy Managem…

Elliott Attempting to Prevent Chevron’s Takeover of Noble Energy

Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron.

Energy Technology

EU Energy Tech Incubator Opens US Office

European sustainable energy technology incubator EIT InnoEnergy has expanded into the US, opening an office in Boston.

Australia

Australia's National Hydrogen Strategy

There is global interest in the potential for a hydrogen economy, in part driven by a concern over climate change and the need to move away from fossil fuels.

Australia

Tesla Secures Funding for Australia’s Largest Virtual Power Plant

The Australian Renewable Energy Agency has issued AUS$8.2 million in funding for the development of what is claimed to be the largest virtual power plant in the…

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 …