Energy economy

Crude Oil

Start of Trading in Abu Dhabi's Murban Futures a 'New Era' for Global Oil Markets

onday start for contracts for future delivery of UAE's flagship crude listed on international commodities exchange at ADGM

United States

Apple to Generate 1.2GW from 2020 Green Bond Projects

American multinational technology company Apple has announced that it will generate 1.2GW of renewable energy capacity from the green bonds the firm issued in 2…

Liquid Hydrogen

Saga Pure Invests $3.5m in Liquid Hydrogen Storage Technology Company

Saga Pure is to take a 33% stake in IC Technologies, a company developing a novel storage solution for liquid hydrogen and liquified natural gas.

Energy Investment

UK Funds 254MW Clean Energy Projects in South Africa

UK Government’s International Climate Finance programme, UK Climate Investments, has financed a total of 254MW of clean energy projects in South Africa.

RWE Secures BBB+ Fitch Rating

Agency acknowledged German energy company’s focus on expanding renewables capacity

Noble Corp. to Combine with Pacific Drilling

Offshore drilling contractors Noble Corporation and Pacific Drilling have entered into a definitive merger agreement under which Noble will acquire Pacific Dril…

Wind Farm

RWE Makes Investment Decision on Sofia Offshore Wind Farm, UK

RWE has made a financial investment decision on its largest offshore project, the 1.4GW Sofia Offshore Wind Farm, in the UK.

Energy Investment

Air Liquide to Invest €8bn in the Low-Carbon Hydrogen Supply Chain

Air Liquide is accelerating its hydrogen developments to at least triple its turnover to more the €6bn by 2035, the industrial gas giant has confirmed.

Energy Storage Battery

VEST Energy Announces Battery Trading Agreement with IBNE

Cleantech trading house VEST Energy has signed a long term battery trading and offtake arrangement with Infra Balance New Energy.

United Kingdom

Scottish Renewables Calls for Storage 'Price Floor'

Vital electricity storage capacity needed to help the UK meet its net-zero target should be supported by an innovative funding mechanism, new research from Scot…

Rosatom

Russia’s State Run Nuclear Energy Firm Buys 49% Stake in Korean Lithium-ion Battery Maker

A subsidiary of Russian state-controlled nuclear energy firm Rosatom has taken a 49% share of Enertech International, a South Korean manufacturer of electrodes,…

Energy Investment

Scatec to Invest $11.6bn in Renewables for 15GW Capacity Target

Renewable energy company Scatec has announced an investment of $11.6bn to increase its renewable energy generation capacity by 2025.

Solar Power Plant

Downing Acquires 96MWp UK Solar PV Seed Assets Portfolio

Downing Renewables & Infrastructure Trust has acquired a 96MWp portfolio of UK solar PV assets for £42 million.

RCEP

China Takes Lead in Ratifying RCEP Deal

China has taken the lead in ratifying the Regional Comprehensive Economic Partnership agreement, the Ministry of Commerce said on Monday.

Energy Investment

Apple Invests $2.8bn in 17 Renewable Energy Projects in 2020

The projects will cut 921,000 metric tonnes of carbon emissions annually and help the iPhone maker to become carbon-neutral by 2030