Economy

Energy Investment

Record Global Energy Investment to Grow 8% To $2.4T in 2022: IEA

This is on the back of investment in renewables and grids.

India

India’s RE Auction to Continue Attracting Large Developers

IEEFA said current challenges will not have long-term impact to India’s energy sector.

Energy Transition

Greece to Mobilise €1.63BN Investment for ‘Just’ Climate and Energy Transition

Its plan will benefit from grants of €1.38bn from the EU’s Just Transition Fund Programme.

Energy Investment

Renewables to Drive 8% Rise in Global Energy Investment in 2022

Green energy, grids and storage now account for more than 80% of total investment in power sector.

India

New Report Shows That India Will Require $223 Billion to Meet RE Goals

​India will require $223 billion of investment in order to meet its goal of wind and solar capacity installations by 2030, according to a new report by researc…

Energy Transition

$300M Pan-African Renewable Energy Fund (Paref) Established

The Pan-African Renewable Energy Fund (PAREF) to accelerate renewable energy adoption in Africa has been established.

United Kingdom

UK Government £263MN ‘Tax Calamity’ Warning to Energy Sector

Energy businesses urged to prioritise their compliance to IR35 rules to avoid penalties issued to government warns insurance provider Qdos.

Latest Ofgem Measures Protect Consumer Credit Balances

Energy regulator Ofgem has announced new measures to improve the financial health of energy suppliers and enable resilience in the face of future energy market …

Energy Investment

Renewable Energy: Bringing New Wave of Sustainable Energy Investment to Africa

As IWP&DC discovered, there is much to discuss with regards to climate change, water supplies, hydropower potential and investment across Africa.

Brazil

Brazil Government Eyes Windfall Tax on Oil Firms, but Guedes Opposed

Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry.

Energy Investment

UK Energy Windfall Tax ‘Undermining Investment'

UK government’s new windfall tax may already be undermining the major investments needed according to Offshore Energies UK.

Belgium

People Rally in Belgium to Protest Soaring Cost of Fuel, Food

More than 70,000 people rallied in Belgium’s capital Brussels on Monday in a protest against the soaring cost of guel and food.

Ofgem Sets Out Tougher Rules for Energy Suppliers to Protect Customers

Credit balances are used by some firms like an interest free company credit card, Ofgem’s boss has said

Russian Federation

Enel Offloads Its Russian Assets for €137M

The company is forecasting a hit of approximately €1.3 billion on net income.

United Kingdom

UK’s Ofgem Proposes New Rules to Protect Customers Amid Soaring Energy Prices

Britain's energy regulator on Monday proposed new measures to protect consumers' money and prevent energy suppliers from charging high direct debit payments, a …