Energy economy

Wind Power Company

Vattenfall Wind Business Records Q1 Earnings Dip

Results affected by unfavourable weather conditions despite new capacity

Major Chinese Investors Could Buy Stake In Aramco

Major Chinese investors, including the sovereign wealth fund China Investment Corporation and Chinese national oil companies, are the ones looking to buy a stak…

Energy Investment

Energo-Pro Completes Largest Czech Investment in Hydropower Industry

Czech energy group Energo-Pro has completed the construction of the Alpaslan 2 hydropower plant in Turkey. The project, which cost around $600 million, is the l…

United States

New Study by Leading Renewables Consultant ArcVera Shows Texas Icing Event Led to Over $4 Billion Financial Loss for Wind Farms

Study points to shortcomings in the hedged financial structures, with asymmetric price risk leading to significant losses for wind farm operators and gains for …

Oil Field

Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement

Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel

Energy Investment

South Korean and Chinese EV Battery Companies Competing in Hungary

South Korean EV battery companies are increasing their investments in Hungary rapidly, and yet it is China that made the largest investment in the industry in H…

Oil Price

Qatar Petroleum Plans Debut Dollar Public Bond Sale

The world's top liquefied natural gas supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of…

Energy Investment

Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub

Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.

Wind Power Project

Vestas Offloads 118MW US Wind

Vestas, through its US development arm, has sold a 118MW wind farm to Southern Power.

Energy Investment

Egypt’s Kom Ombo Solar Plant Receives Funding

The European Bank for Reconstruction and Development, the OPEC Fund for International Development.

Energy Technology

Greenpeace Chides Alibaba and GDS on Energy as China Tech Cleans Up

The group blasted China's biggest tech company and its biggest independent data center operator for emissions opaqueness and dearth of renewable commitments.

O＆M

Sumitomo and Corvus Energy form Maritime ESS Joint Venture

Japanese trading house giant Sumitomo Corporation and Norwegian ESS specialist Corvus Energy have established a Tokyo-based joint venture to sell ESS and provid…

Uzbekistan

Reforms in Uzbekistan’s Energy Sector and Cooperation with Major International Financial Institutions

Since September 2016, when Shavkat Mirziyoyev began his presidency, Uzbekistan has embarked on a process of deep economic and social reforms.

Hydrogen Project

RWE and H2U Partner to Develop Global Hydrogen Trading Between Australia and Germany

RWE Supply & Trading and Australian hydrogen project developer The Hydrogen Utility Pty Ltd have joined forces to develop hydrogen trading between Australia and…

Wind Power Project

Ørsted Buys Brookfield Renewable Ireland, Enters European Onshore Wind

Danish wind turbine manufacturer Ørsted has announced its purchase of UK and Ireland onshore wind operator Brookfield Renewable Ireland.