Energy economy

Floating Offshore Wind

Belgium’s Parkwind Secures Funding for German Floating Wind Farm

Belgium-based green energy company Parkwind has secured funding from multiple financial institutions to implement its first renewable energy project outside Bel…

Oil Refinery

Iraq Closes on New Chinese Refinery Investment Deal

Iraq is nearing agreement on a new downstream investment deal with a group of Chinese state-owned companies for the construction of a new 100,000 b/d refinery, …

Hitachi ABB Power Grids is Evolving to Become Hitachi Energy

Hitachi ABB Power Grids announced that it will be evolving to become Hitachi Energy from October 2021.

Oil Field

BP and Lukoil Considering Selling Stakes in Iraq

Oil minister describes country's investment environment as 'destructive' for international oil companies

Energy Storage Battery

Conrad Energy Completes Strategic 44MW Battery Storage Asset Acquisition

The battery asset will provide immediate revenue for Conrad Energy and the company anticipates making further targeted acquisitions and placing equipment orders…

Oil Field

Argentine Energy Firm CGC Buys Local Unit of China's Sinopec

The Chinese-owned unit operates over 20 oilfields in the San Jorge and Cuyo Basins in Argentina with assets covering some 4,600 square kilometers.

Energy Investment

India’s NTPC to Expand Generation Capacity with $13.4bn Investment

NTPC, one of the largest power generation companies in India has announced plans to expand its renewable energy capacity to meet growing energy demand and susta…

United Kingdom

Huawei, Bp Subsidiary Partner to Reduce UK Energy Costs by 20%

A new partnership between Lightsource Labs, a subsidiary of Lightsource bp, Huawei, and renewable energy solutions firm Midsummer, aims to help UK households to…

Vietnam

Mainstream to Buy Stake in 405MW Vietnamese Solar

Irish renewables company to acquire 80% of Technology and Development Joint Stock Company's portfolio

Solar Power Plant

SOUTH AFRICA: CDC Invests $50m in the Redstone Solar Project

The plant will feed 100 MW into the grid of the state-owned utility Eskom.

Oil Pipeline

S.Africa, Mozambique State Energy Firms to Increase Shareholding in Gas Pipeline

State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is …

Offshore Wind Power

Vattenfall to Sell 49.5% of the Offshore Wind Farm Hollandse Kust Zuid to BASF

Vattenfall and BASF have agreed the sale of 49.5% of Vattenfall’s offshore wind farm Hollandse Kust Zuid in the Netherlands.

Energy Storage Battery

Battery Industry Could Boost Australia’s Economy By $5.6 Billion

Australia has a chance to boost its economy by US$5.6 billion and become a leading player in battery chemistry and technology if it expands its raw materials-fo…

Solar Power Plant

AFRICA: FSD Invests $4.5m in Nithio for Solar Kits in Three Countries

FSD Africa Investments, the investment arm of FSD Africa, is investing $4.5 million in Nithio.

Electric Car

Umicore Announces Equity Investment in Solid-State Battery Company Solid Power

This stake was built through two successive investment rounds which Solid Power raised before launching the next phase of its growth through a public listing.