Energy economy

Solar Power Plant

ADB to Invest $17.7 Million in a Solar Power Project in Bangladesh

This is one of the first private sector solar projects in the country financed by a multilateral institution.

Energy Investment

Renewable Efforts Insufficient to Help Limit World Temperature Rise, Report Says

While global investment in new clean energy capacity grew by 1% last year, to $282.2bn, according to research by UNEP.

Energy Investment

Canadian Investment Firm to Acquire Emami Power in India

Canadian investment company Brookfield Asset Management has reportedly agreed to acquire the solar power business of Indian power company Emami Group.

Solar Company

Valmont Acquires Undisclosed Stake in Energia Solar do Brasil

Global manufacturing company Valmont Industries has acquired a significant stake in Brazil-based Energia Solar do Brasil.

Energy Investment

America's DFC to Invest $350 Million in India

The US International Development Finance Corporation is looking to invest $350 million in multiple projects in India to support the country's financial services…

Offshore Wind Power

Total to Buy 51% Stake in Seagreen 1 Offshore Wind Farm

Global energy player Total has agreed to buy 51% stake in Seagreen 1 offshore wind farm project from SSE Renewables.

China Belt and Road

China Signed New Contracts for Water Conservancy Construction with 53 Countries Along the Belt and Road

Chinese companies have made non-financial direct investment in 53 countries along the Belt and Road to reach us $5.23 billion.

Offshore Wind Power

Iberdrola to Pour up to EUR 4bn in Renewables in France

Spanish power utility Iberdrola SA plans to invest between EUR 3 billion and EUR 4 billion over the next four years.

Ice Brent Crude Futures Rise Above $40/bl

Crude futures rose in early Asian trading amid optimism for further production cuts by the Opec+ alliance ahead of talks that could be brought forward to this w…

Coal-Fired Power Plants

KEPCO Warned Over Coal Projects in Vietnam, Indonesia

BlackRock sought rationale from the South Korea utility for the investments.

US Ethanol Output Continues to Rise, Stocks Fall Again

US ethanol production averaged 724,000 b/d for the week ended May 22, an increase of 61,000 b/d, and the fourth consecutive weekly rise, data from the US Energy…

Strategic Union Between French and British Renewable Firms

UK renewable energy specialist Dulas has finalised an agreement with French remote sensing company Leosphere, part of the Vaisala group.

Energy Investment

Global Energy Investment to Plunge 20% This Year: IEA

Global energy investment is set to face a “staggering” decline this year as a result of the Covid-19 pandemi.

Energy Investment

Virus Sparks Record Drop in Energy Investment: IEA

The international energy agency said on Wednesday that investment in the energy sector would fall by a record amount as a result of the covid-19 outbreak.

Energy Investment

A New $1.1bn Venture Fund Unveiled for Renewables Projects Globally

EIG Global Energy Partners has unveiled the EIG Global Project Fund V to help accelerate the implementation of renewables projects globally.