Invest

Smart Grid

EIB and Endesa Sign €250mn Smart Grid Credit Line

Endesa and the European Investment Bank (EIB) have signed a €250 million ($249.8 million) smart grid credit line to boost Spain’s distribution network.

Carbon Emissions

Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince

Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…

Coal-Fired Power Plants

New Application Leverages AI to Support Coal Plant Conversion

UK-based non-profit Terrapraxis has announced that its new Evaluate application is live and available for coal plant owners and investors to assess coal plants …

Nuclear Power Plant

Finland's OL3 Nuclear Reactor Remains Offline as Probe Continues

Investigation is still ongoing of cracks recently discovered in feedwater pumps at Finland's Olkiluoto 3 (OL3) nuclear reactor.

Carbon Emissions

DP World Earmarks $500 Million to Cut CO2 Emissions Across Its Business

Dubai-based logistics heavyweight DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next fi…

Wind Turbine

Türkiye’s New Wind Power Capacity in 2023 Represents an Investment of One Billion Dollars

Türkiye could install another 1,000 megawatts (MW) in wind energy capacity next year, an addition that could attract $1 billion (TL 18.57 billion) in fresh inv…

Carlyle Backs Solar Developer Aspen Power with $350 Mln Investment

Private equity firm Carlyle Group Inc said on Thursday it has invested $350 million to acquire a majority stake in renewable energy developer Aspen Power Partne…

Natural Gas

Azerbaijan Needs Investment in Order to Boost European Gas Flows

Azerbaijan will need investment and long-term purchase commitments if it is to double its natural gas supply to the European Union.

Green Investment Group Buys BayWa r.e. Bioenergy Platform

Maquarie Asset Management’s GIG acquires specialist biogas platform from BayWa r.e. AG and looks to grow business across Germany, Italy and rest of Europe.

United Arab Emirates

UAE and US in Strategic Partnership to Invest $100bn in Clean Energy Projects

The two countries plan to produce 100 gigawatts of clean energy globally.

Australia

ACEN Australia Bags $75m Funding for 8GW Renewable Energy Projects

This CEFC investment will accelerate the development of ACEN’s renewables portfolio.

Global Open-Source Data Platform Launched for Clean Energy Solutions

The programme was launched by the Access to Energy Institute (A2EI) and the European programme GET.invest during the Global Off-Grid Solar Forum and Expo 2022 i…

GCC Economies Projected to Grow 6.9% in 2022, World Bank Says

Investing in green growth could drive regional GDP to $13tn by 2050, according to report.

Crude Oil

World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops

The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and grou…

Fortescue Future Industries Invests in Zhero

Fortescue Future Industries (FFI) is investing in Europe and US-based green hydrogen and renewable energy development company, Zhero.