Energy economy

Market Analysis

Can G7 Countries Compete With China’s Belt And Road Initiative?

Following the expansion of Chinese-led projects in many emerging markets over the past decade, the G7 has unveiled its own initiative to support global infrastr…

Energy-Eficient Building

KENYA: London Funds 10,000 Green Homes and Supports Electric Mobility

The UK government is announcing a series of green investments in Kenya, worth £132 million, more than $183 million.

Power Cable

Nexans Publishes Half-year 2021 Earnings

"Nexans is now a structured, healthy and solid Group. We will continue to trigger structural value growth while amplifying our impact on energy transition,” sa…

United States

Tesla’s Solar and Energy Storage Business Rakes in $810M, Finally Exceeds Cost of Revenue

Tesla’s primary source of revenue comes from the sale of its electric vehicles, but its latest quarterly earnings report showed growth in its energy storage an…

Energy Transition

Chevron Sets up Energy Transition Unit, Names Company Insider As Head

Chevron Corp on Thursday announced the creation of a new unit to manage the second largest U.S. oil producer's low-carbon investments, with an initial focus on …

Power Construction

Clean Energy, Aging Grid to Get Big Boosts Under Infrastructure Deal

Measure includes funding for electric vehicle charging stations across the U.S., thousands of miles of new high-voltage transmission lines.

South Korea

South Korea: Hyundai Oilbank Sells Storage Terminal Business

Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.

Italy

Prysmian Energy Earnings Rise 12% in H1 2021

Growth attributed to volume increases and cost efficiency measures

Portugal

EDPR Posts 13% Earnings Dip in H1 2021

EDP Renewables has reported EBITDA of €654m for the first half of 2021, a drop of 13% from the same period last year.

Smart Grid

Iberdrola and EIB Sign Loan Agreement for Spanish Electricity Infrastructure

The loan is intended to help improve the reliability, efficiency and security of Spain's renewable energy supply.

China

China Energy Engineering Group Merges with China Gezhouba Group

After the merger is completed, Gezhouba Group will terminate its listing.

Electricity Transmission

RBC Bearings to Acquire ABB’s Power Transmission Division for $2.9bn

The transaction is intended to create a manufacturer of performance-critical bearings and motion control components.

Energy Investment

Iberdrola, EIB Sign €550m Spanish Smart Grid Loan

The European Investment Bank and Iberdrola have signed a €550m green loan agreement to support the development, modernisation and digitalisation of the company…

Energy Investment

IVORY COAST: EAIF Lends €25m for the Singrobo Hydroelectric Dam

The funding is for the construction of the Singrobo hydroelectric dam in southern Ivory Coast.

Energy Investment

Singapore's GIC invests $240 mln in Arctic Green Energy

Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm's expansion in Asia and Europe.