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Energy economy
Energy Investment
BayWa r.e Acquires Scottish Wind Project on Restored Coal Mine
BayWa r.e. has completed the acquisition of the project rights for Broken Cross Wind Farm in South Lanarkshire, Scotland.
Shell’s Wetselaar Heads to Top Spot at Cepsa
Shell has reshuffled its exploration team as Maarten Wetselaar leaves the company to take the top spot at Cepsa.
Natural Gas
Two more UK Energy Firms go Bust as Prices Soar
Two more UK energy firms have ceased trading amid soaring wholesale energy prices.
Oil Field
Occidental Sells Stakes in Two Ghana fields for $750 million
Houston-based Occidental has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corporatio…
Chile
Sonnedix Awarded 39% of Total Energy Supply in Chile
Sonnedix, the global solar independent power producer has been awarded 903 GWh/yr, equivalent to 39% of the National and International Public Tender for the Sup…
Hydrogen Project
SK E&S and Plug Power Form Joint Venture
SK E&S and Plug Power have signed a joint venture contract for joint business in the Asian hydrogen market. Their stakes in the joint venture are 51 percent and…
Energy Investment
CTG Keen to Invest in Wind and Solar Energy Sectors of Pakistan
China Three Gorges Group called on Pakistani ambassador to China on Friday and showed keen interest in investing in Pakistan's wind and solar energy sectors.
EU
EU Countries Grapple with Response to Energy Price Spike
EU leaders will discuss record natural gas prices on Tuesday evening and the 27 member states’ environment ministers will debate their response on Wednesday.
Energy Crunch: Three more UK Power Firms Collapse
Record prices for natural gas have pushed three more United Kingdom energy firms out of business.
Turkey
Turkey's Energy Import Bill up 104% in August 2021
Turkey's energy import bill increased by 104% to $4.36 billion in August this year compared to the same month last year.
Energy Investment
US Smart Electric Grid Projects Receive $11m Boost
The modernisation of the grid will enable the integration of a diverse supply of renewable energy sources and help customers reduce their energy consumption, co…
Energy Investment
Former US Vice President Rescues Octopus Energy from Unstable UK Market
Al Gore, the former vice president of the US, has invested $600 million in UK utility Octopus Energy.
Energy Investment
GIG, TotalEnergies and RIDG to Participate in ScotWind Leasing Round
A consortium of Macquarie’s Green Investment Group 9GIG), TotalEnergies and Scottish developer RIDG has announced a bid for an offshore wind project west of th…
Wind Power Project
Statkraft Sells Andershaw Wind Farm
Statkraft, Europe’s largest generator of renewable energy, has today announced the sale of Andershaw Wind Farm in Scotland, to Greencoat UK Wind PLC for a purc…
Electric Vehicle Battery
China’s Evergrande Auto Cancels EV Listing on Exchange
China's key property developer Evergrande has abandoned plans to list its electric vehicle business on the Shanghai Stock Exchange because of a liquidity crisis…
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