Investment

Offshore Wind Power

Global Renewable Energy Capacity Investment of $282.2 Billion in 2019

Global investment in renewable energy capacity was $282.2 billion in 2019, up 1 per cent from $280.2 billion in 2018, according to the data. China, the world's …

Cadiz 1085 MW Gas Power Plant will be a $1 Billion Investment

A 1,085-megawatt power plant will be constructed this year in Cadiz.

Electric Car

UK Electric Vehicle Startup Receives €100M Investment from Hyundai and Kia

Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival, a UK-ba…

Energy Saving Hot Water Tank Attracts £3.6m Investment

Oxford University spin-out whose innovative hot water tanks promise to save up to 20 per cent on hot water bills has secured £3.6m in Series A financing.

EU Wants to Spend 1 Trillion Euros for “Sustainable Investments” Across The Coming Decade

Financing for this will come from the EU budget, co-financing from EU member states, and contributions from the European Investment Bank and InvestEU, a major f…

Crude

Saudi Aramco Mulls Offshore Oil Expansions

The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstre…

Why Solar Energy’s Prospects Look Bright for 2020

The global energy transition is the transformation of the world’s energy supply, away from polluting sources such as coal, oil and gas, and towards renewables.…

AfDB Approves €8 Million Grant to Support Ruzizi IV Hydropower Project

The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) …

Renewables Growth Must Increase Fourfold by 2030 to Meet Climate Targets

The share of renewables in the global energy system needs to more than double by the end of the 2020s ­— with $10trn of fossil-fuel investment redirected — i…

Market Analysis

Quest for Blue Skies Poised to Propel up China’s Gas Imports

China’s Blue Sky Policy envisages boosting the share of natural gas in the energy mix from currently 7.5 percent to 15 percent by 2030 which requires substanti…

Power Construction

China Tibet Makes Serious Infrastructure investments in Power Grid

The central government has invested more than 68.6 billion yuan ($9.9 billion) in infrastructure construction in Southwest China's Tibet autonomous region in 20…

Oil&Gas Drilling

Woodside Gets Green Light for $6 Billion Senegal Oil Project

Australian oil and gas producer Woodside has won approval from the Senegalese government to develop the nation's first oil project, clearing the way for final i…

China's Waste Import Ban Spurs UK Investment in Recycling

The head of a major British waste company says that the United Kingdom is beginning to feel the positive effects of China's waste import ban, as investment in d…

Pumped Hydro Becomes Support Project in South Australia

The news agency reports that three South Australian pumped hydro proposals were included on the shortlist of 12 projects hoping to get financial support under t…

Rising Renewables Investment To Power Solar Panel Cleaning Market Trends

Growing inclination towards renewable energy as well as favorable government policies has accelerated the deployment of solar energy farms. As these farms are m…