Economy

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 …

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.