Energy economy

South Africa

Mulilo reaches financial close on BESS project in South Africa

Mulilo has reached financial close on the Hartebeesfontein battery energy storage system (BESS) project, a 77 MW/308 MWh facility located near Klerksdorp in the…

United States

esVolta Secures Upsized Corporate Credit Facility to Support Expansion of Energy Storage Portfolio

esVolt, a leading developer, owner, and operator of utility-scale battery energy storage projects across North America, announced on June 3 that it closed an ex…

United Kingdom

UK's Drax to buy Bluefield Solar Income Fund in $755 million deal

British power group Drax said on June 1 it had ‌agreed to buy Bluefield Solar Income Fund in a deal that values the renewable energy-focused investment ⁠c…

India

Indian renewable power firm Clean Max raises about $575 million

India's Clean Max Enviro Energy Solutions has ​raised about $575 million ‌to expand its solar and wind projects in India, ​the renewable power ​firm…

Energy Investment

Naturgy to Invest Over €300 Million in Nuevo Leon

Naturgy announced that it will invest more than €300 million through 2030 in the expansion and modernization of its natural gas distribution network in strateg…

United States

Reports Say NextEra in Talks to Acquire Dominion Energy

NextEra Energy, one of the largest power companies in the United States, is in advanced talks to acquire Dominion Energy, in a deal that could transform the pow…

Uzbekistan

ADB and Acwa sign US$116 million financing package to support wind power in Uzbekistan

The Asian Development Bank (ADB) has signed a US$116 million financing package with Acwa to support the development, construction, operation, and transfer of a …

Canada

Oil giant Shell to buy Canada’s ARC Resources for $16.4 billion in push to boost output

Shell has agreed to buy Canadian energy company ARC Resources in a $16.4 billion deal, paid for mostly with shares, the British firm said on April 27.ARC will b…

India

Adani Green to invest ₹15,000 crore to add 10 gigawatt battery storage in FY27

Adani Green Energy Ltd. plans to invest about ₹15,000 crore to add more than 10 gigawatt-hours (GWh) of battery energy storage capacity in the current financia…

Colombia

Colombia announces renewable energy auction

Colombian Energy ​Minister Edwin Palma on April 15 announced an upcoming renewable ‌energy auction, saying that he would travel to the United States next …

Norway

Equinor aims to sell 8% stake in solar energy firm Scatec

Norway's Equinor said on April 13 it is contemplating a ​sale of some 12.9 million ​shares in Scatec, representing around ⁠8.1% of the ​solar energy fir…

United States

Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply

Microsoft, Chevron, and investment fund Engine No. 1 announced an exclusivity agreement on March 31 aimed at collaborating on power generation and supply. The p…

Energy Investment

U.S. Seeks Critical Mineral Battery Projects To Invest $500 Million

The U.S. government is seeking battery manufacturing and recycling projects to invest $500 million to strengthen the national critical mineral and materials ind…

Wind Power Project

VinEnergo to invest $8 billion in Gia Lai wind power complex

VinEnergo has signed an agreement with Gia Lai province to study the potential for developing an $8 billion wind power complex.On March 28, the two parties sign…

Senegal

PIDG Backs Afreenergy Solar with €4.3 Million to Scale Solar-Plus-Storage Deployment in Senegal

The Private Infrastructure Development Group (PIDG) has committed €4.3 million in funding to support Afreenergy Solar in expanding solar and battery storag…