Investment

Wave Energy

UK’s Only Female-Founded Wave Energy Firm Bags £531K Funding

ZOEX Ltd, an Aberdeen-based wave energy company, has secured £531,000 ($717,000) in funding to advance its innovative wave energy converter technology. Th…

Metal

DRC Aims to Secure US Investment in Critical Minerals by June

Officials from the Democratic Republic of Congo (DRC) are working to finalize an investment agreement with the United States by the end of June, aiming to secur…

Hydropower Plant

NIB Grants €30 Million Loan for the øKsenelvane Upgrade in Western Norway

The Nordic Investment Bank (NIB) has signed a €30 million, 15-year loan agreement with Sogn og Fjordane Energi AS (SFE), a Norwegian energy company, to fun…

Nuclear Reactor

Sweden’s Riksdag Approves State Aid Model to Fund New Nuclear Reactors

The Swedish parliament, the Riksdag, has approved a significant bill to facilitate investments in new nuclear power, introducing a framework for financing and r…

Hydropower Plant

Statkraft Seeks Licence to Build New Aura Power Plant in Norway

Statkraft, a leading renewable energy company, submitted a license application to construct a new hydropower plant at Aura in Sunndal, Norway, with an estimated…

Electricity Trade

Reliance Power Enters Long-Term PPA With Green Digital in Bhutan

Reliance Power has signed a commercial term sheet for a long-term power purchase agreement (PPA) with Green Digital, a subsidiary of Druk Holding and Investment…

Offshore Wind Power

Equinor, Polenergia Take FID on Baltyk 2&3

Equinor and Polenergia have finalized investment decisions for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, with a combined capacity of 1440 MW…

Pumped Storage

ENGIE and CDPQ Plan up to £1 Billion Investment in UK Pumped Storage Plants

Energy company ENGIE and Canadian investor CDPQ have committed up to £1 billion to refurbish two major pumped storage hydro plants, Dinorwig and Ffestinio…

Offshore Wind Power

Equinor, Polenergia Agree on Polish Offshore Wind Project

Equinor, Polenergia Agree on Polish Offshore Wind ProjectOn Monday, Norway’s Equinor and Poland’s Polenergia announced their final investment decisi…

Photovoltaic （PV）

House Bill Would Choke US Solar Investment, Says Top Trade Group

A proposed budget plan advanced by Republicans in the U.S. House of Representatives last week could impact around 300 solar and energy storage factories across …

Egypt

UAE Extends Its Dominance in Egypt’s Port Sector

Egypt has secured multiple agreements with UAE-based companies AD Ports and DP World to enhance its port and logistics infrastructure, bringing significant capi…

China

COSCO Inks VLGC Orders

COSCO Shipping Investment Dalian, a subsidiary of Chinese state-owned shipping company COSCO, has ordered two 88,000 cubic meter gas carriers from COSCO Heavy I…

Geothermal Power Project

Geothermal Could Be a Strategic Energy Source for Lithuania, Says KTU Scientist

Lithuania holds significant potential for geothermal energy, particularly for heating in its western region, though development requires substantial investment …

Solar project

UK Investors Back 50 MW of Solar in Nigeria With $3.6 Million

UK energy developer Konexa, alongside investment manager Climate Fund Managers (CFM) and Norwegian development finance institution Norfund, has signed a develop…

Hydropower Plant

Rio Tinto to Modernise Quebec Hydro Plant With $1.2bn Investment

Rio Tinto has committed $1.2 billion to modernize the Isle-Maligne hydroelectric power plant in Alma, Quebec, marking its largest investment in hydroelectric as…