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Construction Begins on £9M Green Energy Hub in Aberdeen

Renewable Energy

Construction Begins on £9M Green Energy Hub in Aberdeen

Oil Price
02-08-2022

Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited by Reuters.
Carbon Emissions
02-08-2022

UK Pushes Ahead Public Sector Decarbonisation With £635M
NHS Trusts, schools and local authorities will be able to apply for grants in September
Poland
02-08-2022

Iberdrola Acquires 98MW Renewables Portfolio in Poland
Spanish energy company Iberdrola has agreed to acquire 98MW of wind and solar projects in Poland from Augusta Energy, a joint venture between Greenvolt’s subsidiary V-ridium Power Group and asset manager KGAL.
01-08-2022

JinkoSolar Subsidiary to Issue $1.5B Convertible Bonds
Proceeds will serve as Jiangxi Jinko’s working capital, amongst others.
United Kingdom
01-08-2022

Octopus ‘Asks for £1BN Government Support to Seal Bulb Takeover Deal’
The energy supplier is reportedly keen on paying up to £200 million to take on Bulb’s 1.6 million customers.
01-08-2022

Renewable Power Added in 2021 Saves $55BN From Global Energy Generation Costs in 2022 – IRENA
Almost two-thirds or 163 gigawatts (GW) of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20.
30-07-2022

Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in check.
Energy Investment
29-07-2022

Adnoc Distribution to Buy 50% Stake in TotalEnergies Egypt in Its Largest Investment
The acquisition, expected to be completed in the first quarter of 2023, marks the UAE company's entry into Arab world's most populous market
29-07-2022

Centrica’s Profits Soar Five-Fold
Profits of Britain’s largest energy supplier increased to £1.34 billion
29-07-2022

Iberdrola Sees Profits Soar With International Business Offsetting Spain’s Results
Iberdrola has recorded a net profit of €2.07 billion (US$2.1 billion) in the first half of 2022 due to strong performances in its international business offsetting adverse results in Spain.
Wind Power Project
29-07-2022

ABO Wind Sells 514.6MW Buffalo Plains Wind Project in Canada
The Buffalo Plains project in Alberta will generate 1.5GWh of clean electricity a year.
Spain
29-07-2022

PNE Acquires 51% Stake in Spanish Solar Project Developer Kolya
The acquisition has increased PNE’s solar photovoltaic project pipeline by more than 40%.
Solar Power Panel
29-07-2022

ENERPARC Refinances 315 MW Solar Portfolio
ENERPARC, Commerzbank, and Landesbank Baden-Württemberg have concluded one of the largest German transactions to refinance a 315 MW photovoltaic (PV) portfolio.
28-07-2022

Shell Reports Record Profit of $11.5 Billion
Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
Natural Gas
28-07-2022

EU Greenlights €5BN German Scheme to Support Energy and Trade Intensive Firms
Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices
27-07-2022

Octopus Raises $550M in Latest Fundraising Round
The energy supplier plans to use the money to further improve its energy technology platform, Kraken
Spain
26-07-2022

Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain
The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one million homes.
26-07-2022

Ørsted to Acquire Wind and Solar PV Developer Ostwind
Ostwind’s portfolio includes 152MW in operation and under construction and around 526MW in advanced development stages.
Finland
26-07-2022

Neoen and Prokon Sign Second PPA With Equinix
Neoen and Prokon have announced the signing of a new power purchase agreement (PPA) with Equinix to provide at least 42 MW of green energy in Finland.
25-07-2022

Record Profits Could Convince Oil Majors to Hike Dividends
Strong up-and-downstream performance make for strong big oil earnings expectations.
25-07-2022

The Future Is Bright for Artificial Intelligence in the Middle East
Several nations are embracing AI to diversify and bolster their economies.
United Kingdom
25-07-2022

Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances
Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances
United Kingdom
25-07-2022

Anglo-German Interconnector Project Reaches Financial Close
The NeuConnect interconnector project linking the UK and German energy markets has reached financial close.
Germany
25-07-2022

German Government to Acquire 30% of Uniper
The energy major has signed a €15bn bailout deal.
23-07-2022

TES Completes Green Energy Fundraising Round
Tree Energy Solutions (TES), a world scale green hydrogen company with a mission to deliver on a net zero future by decarbonising the energy chain, has announced it has successfully concluded its second fundraising round at €65 million.

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