Investment

Energy Investment

EGYPT: Al-Nowais to Invest $1bn in Solar and Wind Farms

UAE-based investment company Al Nowais intends to invest $1 billion to develop two solar and wind farms in Egypt.

Hydrogen Project

Germany Approves €900M for Green Hydrogen Project H2Global

Germany’s Federal Ministry of Economic Affairs and Climate Protection has approved €900 million for the innovative funding instrument H2Global.

Power Construction

World Bank $500m Loan to Modernize Bangladeshi Grid

Investment is required so electricity distribution networks can be upgraded to keep pace with an explosion in generation capacity over the last decade, and to h…

Energy Storage Battery

GIG Reaches Financial Close on 40MW UK Battery Energy Storage Site

Macquarie’s Green Investment Group has reached financial close on its first UK battery energy storage system.

Energy Storage Battery

Israeli Developer Enters UK Energy Storage Market

Nofar Energy forms JV with investment group Interland to create Cellarhead battery project

Colombia

Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling

Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this de…

Energy Investment

Indonesia Eyes Massive Investments in Renewable Power

The Southeast Asian nation is currently heavily reliant on coal for power generation.

Energy Investment

China Three Gorges Plans to Pour $6.47 Billion Into Three New Wind Farms

China Three Gorges Corp. plans to invest nearly 41.2 billion yuan in building three offshore wind farms in southeastern China’s Guangdong province, the state-o…

Energy Investment

Rolls-Royce Wins Qatar Backing for Mini Nuclear Reactor Project

Sovereign fund to take 10% stake in project that is part of UK push for net zero carbon emissions by 2050

Energy Investment

MingYang Signs MoU for UK Manufacturing

The Chinese company has entered into an agreement to invest in UK blade manufacturing and turbine assembly

Energy Investment

Australian Resource Investment Rises in 2021

Investment in committed resource and energy projects in Australia rose in the 12 months to the end of October from a year earlier, led by increased investment i…

Energy Investment

US Puts Carbon Focus in $9.5bn Going to Hydrogen

The US Energy Department is tasked with spending $1.9bn/yr over the next five fiscal years to kick-start a "clean hydrogen economy" under the bipartisan infrast…

Offshore Wind Power

Vattenfall Gives Go-Ahead for Vesterhav Syd and Nord Offshore Wind Farms

Vattenfall has taken the final investment decision for Vesterhav Syd and Vesterhav Nord adding 344 MW of fossil free electricity capacity to the Danish energy s…

Oil Price

Saudis Foresee Oil Price Spikes from Energy Transition Efforts

Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energ…

Energy Investment

O&M Tenders Issued for Two Solar Projects in Karnataka

The last date to submit the bids for both the tenders is December 24, 2021