Energy economy

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

Hydrogen Fuel Cell

C-ALPS Receives £2m New Lab Investment for Hydrogen Fuel Cells

The Centre for Advanced Low-Carbon Propulsion Systems has received an investment of over £2m to establish a new hydrogen fuel cell development facility in Cove…

Qatar

Qatar To Build A Luxury Floating Hotel That Generates Electricity

Qatar, one of the richest countries in the Middle East thanks to its massive LNG exports and oil reserves, plans to build a floating eco-hotel that would spin v…

Neste Selects Rotterdam as a Location for Its Possible Next World-Scale Renewable Products Refinery

Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy.

Nuclear Power Plant

Westinghouse Plans Investment in Polish Nuclear

Westinghouse Electric Company has announced its intention to invest in nuclear technologies in Poland, following a meeting in Warsaw between Westinghouse CEO Pa…

United Kingdom

Octopus Renewables Looks to Further Growth After Strong First Year Results

Octopus Renewables Infrastructure Trust (ORIT) has hailed the success of its inaugural year with a gross asset value of £441 million from 24 assets.

United Kingdom

EDF Acquires 100MW of Solar as UK Portfolio Continues to Grow

EDF Renewables has acquired two grid scale solar projects, adding 100MW to its growing UK portfolio.