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Power Cable
Nexans Publishes Half-year 2021 Earnings
"Nexans is now a structured, healthy and solid Group. We will continue to trigger structural value growth while amplifying our impact on energy transition,” sa…
United States
Tesla’s Solar and Energy Storage Business Rakes in $810M, Finally Exceeds Cost of Revenue
Tesla’s primary source of revenue comes from the sale of its electric vehicles, but its latest quarterly earnings report showed growth in its energy storage an…
Energy Transition
Chevron Sets up Energy Transition Unit, Names Company Insider As Head
Chevron Corp on Thursday announced the creation of a new unit to manage the second largest U.S. oil producer's low-carbon investments, with an initial focus on …
Power Construction
Clean Energy, Aging Grid to Get Big Boosts Under Infrastructure Deal
Measure includes funding for electric vehicle charging stations across the U.S., thousands of miles of new high-voltage transmission lines.
South Korea
South Korea: Hyundai Oilbank Sells Storage Terminal Business
Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.
Italy
Prysmian Energy Earnings Rise 12% in H1 2021
Growth attributed to volume increases and cost efficiency measures
Portugal
EDPR Posts 13% Earnings Dip in H1 2021
EDP Renewables has reported EBITDA of €654m for the first half of 2021, a drop of 13% from the same period last year.
Smart Grid
Iberdrola and EIB Sign Loan Agreement for Spanish Electricity Infrastructure
The loan is intended to help improve the reliability, efficiency and security of Spain's renewable energy supply.
China
China Energy Engineering Group Merges with China Gezhouba Group
After the merger is completed, Gezhouba Group will terminate its listing.
Electricity Transmission
RBC Bearings to Acquire ABB’s Power Transmission Division for $2.9bn
The transaction is intended to create a manufacturer of performance-critical bearings and motion control components.
Energy Investment
Iberdrola, EIB Sign €550m Spanish Smart Grid Loan
The European Investment Bank and Iberdrola have signed a €550m green loan agreement to support the development, modernisation and digitalisation of the company…
Energy Investment
IVORY COAST: EAIF Lends €25m for the Singrobo Hydroelectric Dam
The funding is for the construction of the Singrobo hydroelectric dam in southern Ivory Coast.
Energy Investment
Singapore's GIC invests $240 mln in Arctic Green Energy
Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm's expansion in Asia and Europe.
Rosatom
Cooperation Agreement was Signed Between Rosatom State Atomic Energy Corporation and DP World Corporation
Which took place in St. Petersburg, a Cooperation Agreement was signed between Rosatom State Atomic Energy Corporation and DP World Corporation, a global leader…
Energy Investment
Honduras Spends 52% more on Oil Imports in First 5 Months 2021
he increase in the oil bill in the first five months of 2021 is due to the rise in the international price of oil, influenced by the reactivation of the economi…
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