Erg

IFC Assists SMEs in Nigeria to Navigate Economic Challenges

International Finance Corporation is providing a loan of up to $50 million to Access Bank to help the bank increase liquidity to thousands.

Distributed energy

Annual Spending on DER Management to Hit $5.9bn by 2029

The global market for distributed energy resources management technology is expected to grow by 24.3% per annum between 2020 and 2029.

Microgrid

Distributed Fossil Fuels Dominate in Microgrids Installed in the US

Distributed fossil fuel generation accounted for 86% of installed microgrid capacity in the US in 2019, according to a new report issued by Wood Mackenzie.

Energy Technology

Iberdrola Launches Europe’s Largest Green Hydrogen Plant for Industrial Use

Iberdrola has signed an agreement with fertiliser company Fertiberia to construct the largest green hydrogen plant for industrial use in Europe.

Wind Turbine

Siemens to Supply Turbines for Cabo Leones III Wind Park in Chile

Siemens Gamesa Renewable Energy has secured a 110MW wind turbine supply contract from Ibereólica Renovables.

Nuclear Policy

USA Lifts Nuclear Finance Ban

The USA has lifted its legacy prohibition on funding nuclear energy projects overseas.

Energy Investment

ES Kapital Invests in Munich Start-Up KEYOU

Innovative hydrogen technologies developer KEYOU has announced ES Kapital as its new financial investor.

Energy Technology

HDF and Teréga Launch HyGéo Project

Hydrogène de France and Teréga have signed an agreement to develop mass hydrogen storage solutions in salt caverns for multiple applications.

Solar Power Plant

Double Tax on Solar Imports Could Collapse ‘Large Numbers’ of Indian Projects: Fitch

The threat of a double taxation of solar in India via both safeguard and basic custom duties could squeeze developers and result in large numbers of project can…

Energy Saving

Driving Manufacturing Efficiency Through Gas-Generated Energy

Industries around the world are investing in alternatives such as gas-generated energy to supplement their electricity supply to ensure they can continue operat…

Oil Field

Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake

Under the new terms, Karoon is paying an initial $380 million to Petrobras, including a $49.9 million downpayment made on July 24.

Wind Farm

Repsol to Purchase 1.6GW of Renewable Assets in Chile

Repsol has agreed to form a joint venture (JV) with Grupo Ibereólica Renovables to manage a portfolio of renewable energy projects in Chile.

Energy Investment

Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete

Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.

Thermal Plant

Wärtsilä to Deliver Dual Fuel and Storage Solution for Virgin Lslands Power plant

Wärtsilä will deliver engineering, construction, dual-fuel engines and energy storage capacity for a new power plant in the U.S. Virgin Islands.

Oil & Gas Trade

Sinopec Unit Sells Gas Pipeline Asset to PipeChina

China's new oil and gas pipeline company PipeChina has made its first purchase of gas infrastructure assets.