Economy

High Capital Cost for Renewables to Persist in 2023: Report

But its impact on prices and technology will vary amongst developers.

TotalEnergies May Buy Green Power From Fortescue in Papua New Guinea -Regulator

Fortescue Future Industries is in talks with TotalEnergies to supply power to the fossil fuel company's Papua LNG project from a series of proposed renewable en…

United Arab Emirates

UAE's ADNOC, Taqa and Mubadala Complete Masdar Stake Deal

Abu Dhabi's National Oil Company [RIC:RIC:ADNOC.UL], Taqa (TAQA.AD) and Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday they would …

Hydrogen Project

Roadmap for a Green Hydrogen Economy in Trinidad and Tobago

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) has launched a roadmap to develop a green hydrogen market in the Caribbean island nation.…

Natural Gas

Nearly 30% Of British Gas Customers Still Missing Out on Energy Vouchers

Almost a fifth of SSE and ScottishPower customers said they hadn’t got their October or November voucher, according to a survey

Energy Transition

Australian Billionaire Forrest Snares CWP Renewables for Over $2.7 Bln

Australian mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables for more than A$4 billion ($2.7 billion), three people f…

United Kingdom

Octopus Energy Takeover of Collapsed UK Rival Bulb Faces Legal Challenge

The British government’s decision to approve collapsed energy supplier Bulb’s acquisition by Octopus Energy faces a legal challenge from rival suppliers in ea…

Energy Investment

Losses May Force Japanese, S. Korean Utilities to Delay Green Investment

South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, for…

Romania

MET Group Enters Romanian Renewables Market

Swiss-based European energy company, MET Group, has announced its entry into the Romanian renewables market, with the acquisition of a 100% stake in a solar pro…

Energy Investment

North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet

North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…

EU

Germany Says Borrowing More Money to Compete With the U.S. Would Be a ‘Threat’ to Europe

European Commission President Ursula von der Leyen said Sunday “new and additional funding at the EU level” will be needed to make European companies more com…

Petrofac Selected by Shell for EPS Services on Omani Project

EPS services provider will undertake three contracts including a five-year EPS contract for Shell’s Block-10 Mabrouk Phase 2 Project.

ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal

Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle E…

EDF Sold Excess Power on Sunday, Forced to Buy Back on Intraday Market

Nuclear operator EDF said in an online note that it accidentally sold 1.5 gigawatts (GW) of excess power on the day-ahead market on Sunday, requiring the compan…

Oil Price

Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap

The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…