Economy

Energy Investment

Efficiency Companies Raise $858 Million In VC Funding In 1H 2020

Funding into Battery Storage and Efficiency companies was down in the first half of 2020

Aker 2Q13 Earnings Impacted by Order Delays and Cancelations

Aker Solutions reported revenues of NOK 11.9 billion in the second quarter of 2013, compared with NOK 11.9 billion in the second quarter of 2012

United Kingdom

Centrica to Sell US Business for $3.6bn as First-Half Profit Falls

British Gas owner Centrica said it was selling its US energy business to NRG Energy $3.6bn (£2.87bn) as part of a plan to turn the company around.

Energy Investment

Minister Pun Urges Bangladesh to Invest in Nepal’s Hydropower

The government has urged the Bangladesh government and the private sector to invest in Nepal’s hydropower sector.

Energy Investment

bp Expands Footprint in India's Renewables Sector with GGEF Investment

Global energy company bp has announced it will invest $70 million to support the growth of renewable energy in India.

Offshore Wind Power

GIEK's Offshore Wind Portfolio Quadruples in H1 2020

The offshore wind portfolio of the Norwegian Export Credit Guarantee Agency has quadrupled since the end of last year.

Chevron to Buy Noble Energy in Deal Valued at $5 billion

Oil major Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction…

Solar Power Plant

Malaysia Bets on Large Scale Solar PV to Revive Economy

The Ministry of Energy and Natural Resources of Malaysia launched the 1GW tender program to boost the country’s economic performance.

Wind Energy Technology

Australian Start-up Raises $1.3m for World-First Wind Farm Monitoring Device

Australian tech start-up, Ping Services, has raised a $1.3 million Seed funding round to accelerate growth and scale up manufacturing of Ping Monito.

Energy Investment

ARENA Shortlists Seven Companies for $70 million Hydrogen Funding Round

The Australian Renewable Energy Agency has announced seven companies have been shortlisted and invited to submit a full application.

EU Must Take on its Methane Problem before Turning to Hydrogen

Facing dangerous levels of warming, Europe aspires to achieve a net-zero carbon economy by 2050.

China

Risen Energy secures contract from Xinghai Group in Vietnam

China’s photovoltaic (PV) module producer Risen Energy has secured an engineering, procurement, and construction (EPC) contract from Xinghai Group in Vietnam.

Energy Investment

Castlelake's Ibitu Energia to Invest $837m in Renewable Energy Assets

Brazil's Ibitu Energia has reportedly planned to invest nearly $837m in renewable energy assets over the next five years.

Energy Investment

U.S. Department of Energy Announces $21 Million for Research in EPSCoR States

Today, the U.S. Department of Energy announced $21 million in funding for 31 research projects under the federal Established Program to Stimulate Competitive Re…

Electricity Transmission

UK Transmission Companies Criticise $32bn Ofgem Transition Fund

UK energy network regulator Ofgem has announced $32bn (£25bn) of funding to help the country’s energy distributors toward net-zero networks.