Energy economy

Oil Field

Suncor May Sell Stake In North Sea Oilfields

Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin.

Spain

Iberdrola Buys US Utility in $8.3bn Deal

Spanish energy company Iberdrola is acquiring the primary electric utility in New Mexico in a deal valued at around $8.3 billion.

Market Analysis

Green Bonds Market Passes $1 Trillion Milestone Amid Global Turmoil

The green bonds market has passed its greatest milestone by reaching more than $1 trillion in issued bonds since the mechanism emerged in 2007.

SMR

USDOE Approves $1.355bn Funding for NuScale’s SMR Project

The US Department of Energy has approved a $1.355bn funding vehicle to Utah Associated Municipal Power Systems.

Energy Investment

MENA Gas Investments Surge to $126bln

Apicorp’s optimism is based on the ongoing downstream value chain integration.

Sempra Energy Named To Forbes' JUST 100 List

Sempra Energy's vision to deliver energy with purpose comes to life through our stakeholder-centered approach and leading with environmental, social and governa…

South Africa

South African Economy Recovery Plans Prioritise Energy Security

The South African government’s newly unveiled Economic Reconstruction and Recovery Plan has energy security at the forefront to rebuild the economy post-COVID-…

Hydropower Plant

Scatec Solar to Buy SN Power

Norwegian firm Scatec Solar has signed a US$1.166 billion deal to acquire hydropower developer SN Power from Norfund.

Solar Power Plant

Vietnam’s First Certified Green Loan to Fund 257MW Solar Project

B.Grimm Power, one of Thailand’s largest private power producers, has secured a green loan from the Asian Development Bank (ADB) to develop a solar power proje…

Energy Storage Project

CEC Awards US$1.2 Million to Indian Energy for Energy Storage Solution

Grants to help company demonstrate a non-lithium-ion, long-duration energy storage solution.

Energy Investment

Jordan to Leverage €1.4 million EIB Grant to Boost Municipal Efficiency Programmes

In Jordan, the European Investment Bank has signed an agreement with Cities and Villages Development Bank to support the implementation of the CVDB – Municipal…

South America’s Renewables Potential Waiting to be Tapped

South American countries have the potential to near double their current renewables generation expansion plans.

Energy Investment

E.ON Launches €250 Million Fund for Next-Gen Digital Technologies

Germany multinational energy company E.ON has launched a €250 million investment fund dedicated to digital technologies and business models.

Power Construction

Australia Labor’s Budget Response: $20 Billion to Rewire the Grid

The Federal Opposition has responded to the Federal Government’s 2020-21 Budget, outlining a plan to invest $20 billion in rewiring the electricity grid to all…

Energy Investment

Total Invests in Hyzon Motors

Through its venture capital arm Total Carbon Neutrality Ventures, European energy giant Total has made a strategic investment in hydrogen vehicle manufacturer H…