Investment

Oil&Gas Drilling

Oil Major BP Significantly Downsizes Oil Exploration Division

As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati…

Energy Subsidies

CAMEROON: the Maroua and Guider Solar Power Plants Tax-Exempt

The future photovoltaic solar power plants in Maroua and Guider will be tax-exempt for 10 years.

CCS

Elon Musk To Give $100 Million To ‘Best’ Carbon Capture Technology

Elon Musk will be giving a prize of US$100 million to the best carbon capture technology, the entrepreneur tweeted, adding that he would unveil details on this …

Energy Investment

China's CEIC, China Reform set up $1.55 bln New Energy Fund

Upon launch, the fund is expected to generate about 50 billion yuan worth of financing in projects using wind, solar and hydrogen and energy storage, the State-…

Smart Grid

Duke Energy Florida, Consumer Groups Reach Agreement for Building Smarter Energy Grid

Collaborative agreement includes investments in grid modernization and EV charging stations.

Energy Investment

Pattern Energy Secures $515m Financing Fund in Japan

US-based renewable developer Pattern Energy Group has secured a $515m financing fund to invest in Japanese renewable power projects.

Solar Cell

Another 21 GW of Module Capacity and Record PV Growth for SPIC

Longi and Risen both announced plans to build up new module and cell manufacturing capacity. Furthermore, the State Power Investment Corporation has revealed it…

Energy Transition

‘Energy Transition’ Investment Hits $501bn

A new, broad measure of “energy transition investment” shows that the world committed a record $501bn to decarbonisation in 2020.

Market Analysis

French Central Bank to Exit Coal, Cap Oil and Gas Investments

The French central bank said on Monday it would exit from coal and limit exposure to gas and oil in its investment portfolio by 2024 as part of a shift towards …

Energy Investment

AIIB to Boost Financing for Green Projects

The Asian Infrastructure Investment Bank will increase financing for social infrastructure, green infrastructure and technology-enabled infrastructure, which ha…

Hydrogen Fuel Cell

Hyundai Motor Group Building New Fuel Cell System Plant in China; First Outside of Korea

Hyundai Motor Group signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Gua…

Hydrogen Project

Abu Dhabi's Mubadala, Siemens ink MOU for Hydrogen, Synthetic Fuel

Mubadala Investment Co. and Siemens Energy said Jan. 17 they have signed a memorandum of understanding to create a partnership to drive investment and developme…

Hydrogen Project

Abu Dhabi State Firms to Collaborate on Hydrogen

Three of Abu Dhabi's biggest state-owned companies — Adnoc, Mubadala Investment and Abu Dhabi Development Holding — have signed an agreement to establish the…

Wind Turbine Blade

Wind Power: Spanish Company InCom Opens Plant in Morocco, Its First in Africa

The new factory, extending over 3,000 m², required an investment of €1.5 million.

Hydrogen Project

Partnership to Develop UK’s First Low Carbon Production Hub

The hub is set to receive a total investment of £750m (US$1.02bn).