Invest

Electric Car

GM EV Unit BrightDrop Expects $1 Billion in 2023 Revenue, Mass Production of All-Electric Delivery Vans to Start in December

BrightDrop, GM’s EV subsidiary, is forecasting $1 billion in revenue for 2023, its first revenue disclosure which came during GM’s annual investor day on Thur…

Net Zero Emission

Turkey Needs EUR 9.6 Billion Annually to Achieve Climate Goals

Turkey will need around EUR 9.6 billion of investments annually to raise the capacity of solar, wind, and storage technologies and reduce fossil fuel consumptio…

South Korea

Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea

Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…

EU

EU Financial Watchdog Launch Fact-Finding Dive Into ‘Greenwashing’

The European Union's banking, securities and insurance watchdogs launched a joint public consultation on Tuesday to help them better understand 'greenwashing' a…

Electricity Transmission

Latvian TSO to Invest Over €500M in Digital Grid Solutions

Latvian transmission system operator AS “Augstsprieguma tīkls” (AST) plans to invest €500.5 million ($516.8 million) up to 2033 to strengthen the electricit…

Namibia

Namibia’s First Green Hydrogen Power Plant Finds Finance

Hydrogène de France (HDF) Energy has partnered with European Investment Bank partner to implement Namibia’s first green hydrogen power plant.

Canada

Canadian-Portuguese Joint Venture Plans $1.04 Bln Hydrogen Plant in Sines

Canadian renewable energy company Neogreen Hydrogen and Portuguese developer of photovoltaic solar parks Frequent Summer announced on Monday plans to invest mor…

United Kingdom

UK Unboxes £65m Clean Tech Investment at COP27

The new funding aims to make clean technologies accessible and affordable to developing countries.

Hydropower Plant

Nigeria Offers Concession on $1.3 Billion China-Funded Hydro Power Plant

Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-…

Oil Price

High Oil Prices Ignite the Middle Eastern IPO Market

Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.

Nuclear Reactor

EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.

Hydrogen Project

Portugal Seeks to Become Major Exporter of Green Hydrogen

Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion…

Energy Transition

Global Investment Firm KKR Invests $400m in India’s Serentica Renewables

Serentica Renewables seeks to enable the energy transition by providing clean energy solutions for energy-intensive, hard-to-abate industries.

Energy Transition

IRENA’s Energy Transition Platform Bags $1b Investments

The platform aims to ramp up funding for renewable projects in developing countries.

Wind Power Project

ACWA Power, OIA Ink MoU to Co-Invest in 1.5GW Wind Project in Egypt

The Oman Investment Authority is looking into owning 10% of the project.