Energy economy

Petronas Says Taking Steps to Protect Global Assets After Seizure of Luxembourg Units

Malaysia's state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries we…

Agreement to Acquire an Interest in a Lithium Project

Greenland Minerals to earn in 51% in the Villasrubias lithium exploration licence located in Spain’s most renowned province for technology metals exploration …

Energy Blockchain Startup FlexiDAO Secures Google and Microsoft Backing

FlexiDAO plans to scale its renewables tracking platform, particularly in the US and Europe, with $6.5 million raised in Series A funding.

TGS Acquires Stake in NASH Renewables

TGS, a global provider of energy data and intelligence, has announced its investment in NASH Renewables, a start-up developing software-as-a-service (SaaS) solu…

European Renewable PPA Prices Soar by 47% Year-On-Year

PPA prices have taken a steep 16% hike in their fifth consecutive quarter of growth, according to a report

Cost-Competitive Renewables Save $55B in Global Energy Generation in 2022

Electricity costs from wind and solar power declined in 2021.

United Kingdom

UK Regulator Ofgem Threatens Action on Inadequate Payment Policies

Ofgem has told utilities to "take immediate action” in reinforcing policies around direct debits, and remain vigilant of rising costs.

ReNew Refinances Dollar-Denominated Bonds

It issued $525m bonds in 2019 that will mature in 2024.

CLP Group, CDPQ to Hold Equal Stake in Apraava Energy

CLP has sold a 10% stake in Apraava to CDPQ

On-Site Energy Generation Could Wield Significant Savings for Companies

Research from Cornwall Insight, included in their report - ‘A corporates guide to decarbonising power’ - has demonstrated how on-site energy generation could …

Singapore

Singapore Is 3RD Most Attractive Market for Energy Sector FDI

It posted an index of 72.74%, ranking behind Luxembourg and Hong Kong.

Energy Storage Battery

Equinor Acquires US Energy Storage Developer

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC.

Shell Forecasts Trebling of Refining Profits

Energy major Shell announces indicative refining margin for Q2 of $28.04/bbl which is a sharp increase on $10.23/bbl in Q1.

ACEN to Issue P30b Bonds to Fund RE Projects

Initial proceeds will fund the Arayat-Mexico Solar Power expansion project amongst others.

Nigeria

Game Changing $1.3BN Funding for Nigerian Green Energy Project Launched

Image: PixabayUnder the Team Europe Initiative (TEI), the European Union (EU) has launched a $1.35 billion Nigerian Green Energy Project.The project is meant to…