Energy economy

Renewable Power Added in 2021 Saves $55BN From Global Energy Generation Costs in 2022 – IRENA
Almost two-thirds or 163 gigawatts (GW) of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20.
Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…
Energy Investment
Adnoc Distribution to Buy 50% Stake in TotalEnergies Egypt in Its Largest Investment
The acquisition, expected to be completed in the first quarter of 2023, marks the UAE company's entry into Arab world's most populous market
Centrica’s Profits Soar Five-Fold
Profits of Britain’s largest energy supplier increased to £1.34 billion
Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offset…
Wind Power Project
ABO Wind Sells 514.6MW Buffalo Plains Wind Project in Canada
The Buffalo Plains project in Alberta will generate 1.5GWh of clean electricity a year.
Spain
PNE Acquires 51% Stake in Spanish Solar Project Developer Kolya
The acquisition has increased PNE’s solar photovoltaic project pipeline by more than 40%.
Solar Power Panel
ENERPARC Refinances 315 MW Solar Portfolio
ENERPARC, Commerzbank, and Landesbank Baden-Württemberg have concluded one of the largest German transactions to refinance a 315 MW photovoltaic (PV) portfolio…
Shell Reports Record Profit of $11.5 Billion
Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
Natural Gas
EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms
Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices
Octopus Raises $550M in Latest Fundraising Round
The energy supplier plans to use the money to further improve its energy technology platform, Kraken
Spain
Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain
The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one millio…
Ørsted to Acquire Wind and Solar PV Developer Ostwind
Ostwind’s portfolio includes 152MW in operation and under construction and around 526MW in advanced development stages.
Finland
Neoen and Prokon Sign Second PPA With Equinix
Neoen and Prokon have announced the signing of a new power purchase agreement (PPA) with Equinix to provide at least 42 MW of green energy in Finland.
Record Profits Could Convince Oil Majors to Hike Dividends
Strong up-and-downstream performance make for strong big oil earnings expectations.

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Energy economy

Renewable Power Added in 2021 Saves $55BN From Global Energy Generation Costs in 2022 – IRENA

Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom

Adnoc Distribution to Buy 50% Stake in TotalEnergies Egypt in Its Largest Investment

Centrica’s Profits Soar Five-Fold

Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results

ABO Wind Sells 514.6MW Buffalo Plains Wind Project in Canada

PNE Acquires 51% Stake in Spanish Solar Project Developer Kolya

ENERPARC Refinances 315 MW Solar Portfolio

Shell Reports Record Profit of $11.5 Billion

EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms

Octopus Raises $550M in Latest Fundraising Round

Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain

Ørsted to Acquire Wind and Solar PV Developer Ostwind

Neoen and Prokon Sign Second PPA With Equinix

Record Profits Could Convince Oil Majors to Hike Dividends