Energy economy

Wind Farm

Vattenfall Signs Grid Contract with Siemens Energy and Aker Solutions

Vattenfall has signed a contract with Siemens Energy and Aker Solutions AS to deliver grid connection infrastructure for the Norfolk Boreas Offshore Wind Farm o…

United Kingdom

Energy Giants Ink Tripartite Grid Contract for a Greener UK

Vattenfall, Siemens Energy and Aker Solutions AS have signed a grid contract for a High Voltage Direct Current (HVDC) project to connect renewable energy onto t…

APAC to Generate Lion’s Share of World’s Energy by 2030

​The region is expected to account for 56% of the world’s energy in the next decade.

Masdar Plans Acquisitions as It Continues to Expand Its Portfolio

Exclusive: Abu Dhabi company is assessing new renewable opportunities in different countries, top executive says

Natural Gas

UK Energy Bills Rise to Record High as Fuel Poverty Fears Grow

Gas prices will go from 7p to 10p per kilowatt hour under new guarantee

Natural Gas

Europe's Crisis Measures to Tackle Energy Price Spike

European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…

Wind Turbine

Siemens Gamesa Will Cut Nearly 3,000 Jobs

Renewable energy giant Siemens Gamesa announced it will cut nearly 3,000 jobs as the company tries to turn around its financial fortunes.

United Kingdom

Britain Has Exported More Power to EU Than Ever Before

The country became a net exporter of electricity for three months of the year

Natural Gas

German Economic Institutes See 2023 Contraction as Gas Crisis Hits

Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 p…

Oil Giant Shell Snaps up African Solar Provider Daystar Power

Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.

Energy Investment

Dubai Investment Fund in Projects Across Australia & Europe

Dubai Investment Fund (DIF), one of the world’s largest independent international investment funds and asset managers, has announced that it will be investing …

Energy Transition

New VC Fund for Energy Transition Start-Ups in Europe

EIT InnoEnergy and Santander Asset Management are partnering on the new, yet to be named, climate tech investment vehicle.

Net Zero Emission

Australian State Unveils $40 Bln Clean Energy Plan to Slash Reliance on Coal

One of Australia's top coal-producing states said it will convert its coal-fired power plants to renewable hubs by 2035 under a A$62 billion clean energy plan u…

France

French Grid Operator RTE to Return More Than 1 Bln Euros to Clients

France's power grid operator RTE said it intended to return more than 1 billion euros ($961 million) to its clients at the start of 2023, a total matching this …

EU

EU Countries Eye Delay to Levy on Fossil Fuel Windfall Profits - Document

European Union countries are considering an option to delay by a year a levy on the windfall profits of fossil fuel companies, as they hunt for a deal on emerge…