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Investment
Nuclear Power Plant
UK Launches Funding to Encourage Nuclear New Build
The UK government has announced the launch of GBP120 million (USD146 million) in funding to support development of new nuclear energy projects, stimulate compet…
Energy Storage Battery
UK Government Must Spend £20Bn on Energy Battery Storage to Meet 2030 Renewables Targets
Modelling from Cornwall Insight on Great Britain’s (GB) Power Market out to 2030 has shown that between 2025 and 2030 the UK government must spend nearly a fif…
Electric Vehicle Charging
$60 Million EV Fund in WA 2022-23 Budget
The Western Australian Government has launched a $60 million Clean Energy Car Fund to accelerate the use of electric vehicles (EVs), including $3,500 rebates an…
Wind Farm
150MW Wind Farm Planned for Hong Kong’s Third-Largest Island
Hong Kong-based investment firm HK Electric has announced plans to develop an offshore wind farm southwest of Lamma Island, the third largest island in Hong Kon…
Net Zero Emission
UAE Ahead of the Curve as It Pursues 2050 Net-Zero Target, Enec Chief Says
The UAE is ahead of the curve as it works towards reaching net-zero emissions by 2050 due to its investment in several clean energy projects, a senior official …
Energy Transition
Insurance Giant Allianz Sets Oil and Gas Exit Strategy
The world’s fifth-largest insurance company, Allianz, is withdrawing coverage and investment dollars from a wide swath of fossil fuel projects as of next year.…
Electric Vehicle Battery
UK Electric Vehicle Investment Window Closing Fast – Report
A report from the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport illustrates how the UK can become a global player in electric v…
Net Zero Emission
Biden-Harris Administration Announces over $2.3 Billion Investment to Cut U.S. Carbon Pollution
DOE Launches $2.25B Bipartisan Infrastructure Law Effort to Increase CO2 Storage Sites, Provides Additional $91M to Advance Carbon Management Approaches, Buildi…
Electrification
$15.5M Investment into Zambia’s First Renewable Energy Buyer
InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU) and EU-funded Electrification Financing Initiative (EDFI ElectriFI) will finance Afric…
Wind Farm
WindEurope: Europe Invested €41 Billion in New Wind Farms in 2021
WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41 billion…
Smart Grid
Smart Grid Investment Fund Launches in Europe
US financial services company First Trust has launched its Nasdaq Clean Edge Smart Grid Infrastructure fund on the London Stock Exchange and Deutsche Börse Xet…
Carbon Emissions
Canada Oil Industry Needs $51 Billion to Decarbonize
Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increas…
Philippines
Philippines’ ACEN to Enter US Renewable Energy Market
It has partnered with UPC Solar & Wind Investments and Pivot Power Management.
Net Zero Emission
UAE Requires $681Bn Investment for Net-Zero Transition, Says Standard Chartered
Emerging markets told they need to invest an additional $94.8tn to meet long-term global warming targets.
Compressed Air Energy Storage
Canadian Pension Fund Invests US$25M in Compressed Air Storage Provider Hydrostor
Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investme…
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