Economy

Energy Investment

South Korea’s Renewables Investments to Top $46bn By 2030

South Korea’s renewables investments are expected to exceed $46 billion by 2030.

Energy Investment

Japan Steps up Renewables Investment to Beat 2030 Target

Japan will invest more than $100bn in wind and solar generation before 2030.

Energy Investment

Brazil's Omega Geração Buys Stake in EDF Renewables Wind Farms

It added that it was in talks to buy additional wind farms with 265 MW in capacity and has until December to make an offer.

Saudi Energy Ministry to Assist Development of Mega Economic Zone Neom

The 26,500 square km development, first revealed in 2017 with a planned completion in 2025, will include high-tech projects powered by wind and solar energy.

Biobattery

Nova Pangaea Set for Expansion Following £900,000 Funding Round

Nova Pangaea Technologies, the U.K. company which sustainably converts biomass into valuable feedstocks for biofuels.

Australia

After Abandoning Coal, Suncorp will Phase Out Oil and Gas Financing

One of Australia’s largest insurers Suncorp has announced a significant retreat from fossil fuels, declaring it will not directly finance or insure new oil and…

India

Indian Energy Exchange To Launch Renewable Energy Trading On August 21

Power regulator Central Electricity Regulatory Commission had given the nod on August 17 to commence green term-ahead market in the country.

Libya

Turkey Set to Receive $35 billion in Libya Contracts

Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another …

Solar Power Panel

Sonnedix Secures Financing for Solar Portfolio in Spain

Independent solar power producer Sonnedix has secured $183m (€154m) in funding for 62 solar photovoltaic (PV) plants in Spain.

Geothermal Greenhouses in Caldiran, Turkey Important Contribution to Local Economy

In the Caldiran district of Van, one of the coldest municipalities of Turkey, a geothermal energy heated greenhouse set up with the support of Turkey’s Ministr…

Warren Buffett Sells Stake in Oil Giant Occidental Petroleum

Warren Buffett’s Berkshire Hathaway has sold its common stock interest in Occidental Petroleum.

Energy Transition

BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize

BP and Pale Blue Dot were among winners of the 2020 Offshore Achievement Awards during a virtual ceremony on 14 August.

Offshore Wind Power

Apollo Funds to Acquire Stake in US Wind to Fund Offshore Project

Apollo Global Management has announced that its affiliates have acquired a stake in offshore wind energy development company US Wind.

Ukraine

Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help

Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor.…

Wind Turbine

Opdenergy Completes $103 Million Financing for Two Projects in Chile

OPDEnerg, a company that specializes in the development, financing, construction and operation of renewable assets, has announced the closing of a $103 million …