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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
China
28-12-2021
Amid Global Energy Crunch, China’s Economic System Prevails Again
In late September, as an unusual cold wave arriving weeks earlier than previous years took the country by surprise, many residents in Northeast China were caught off guard by sudden power cuts.
Coal-Fired Power Plants
27-12-2021
Japan's Shikoku Electric Buys 15% Stake in Coal Power Plant Project in Vietnam
Japan's Shikoku Electric Power Co Inc has announced that it had invested more than 10 billion yen to buy a 15% stake in the Vung Ang 2 coal-fired power plant project in Vietnam, despite the global trend to move away from coal.
Energy Investment
27-12-2021
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.
Power Construction
23-12-2021
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 harness the potential of renewables and energy storage.
Energy Investment
22-12-2021
Indonesia Eyes Massive Investments in Renewable Power
The Southeast Asian nation is currently heavily reliant on coal for power generation.
Energy Investment
22-12-2021
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-owned energy giant said Monday.
Hydropower Plant
20-12-2021
Bangladesh Trying to Import 500 MW Hydro-Electricity from Nepal
Power Cell director general Mohammad Hossain has said that Bangladesh is trying to import 500 MW of hydro-electricity from Nepal.
Energy Investment
18-12-2021
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 in iron ore and upstream oil and gas that reflect a catch-up on projects deferred from 2020
EV Market
16-12-2021
Hyundai and Kia Sell More Cars in India Than in China
Hyundai Motor Co.’s sales in India has surpassed its sales in China for the first time in 18 years.
Power Construction
16-12-2021
SOMALIA: $150 million to Provide Electricity Access to 7 million People
The World Bank approves a $150 million loan to Somalia.
Thermal Coal
15-12-2021
HSBC Says It will Phase out Financing of Thermal Coal by 2040
HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenhouse gas-intensive fossil fuel.
Energy Investment
15-12-2021
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 infrastructure law that Biden signed last month.
Oil Exploration
14-12-2021
QatarEnergy Enters Egypt Through Agreement with Shell
QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.
Energy Investment
13-12-2021
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
Hydrogen Project
13-12-2021
POSCO International Acquires Senex Energy to Expand Hydrogen Biz
POSCO International is pursuing global mergers and acquisitions in preparation for the energy transition era.
United States
12-12-2021
BP Acquires EV Fleet Charging Provider AMPLY Power in US
BP said on December 7 the UK company took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) charging and energy management provider for fleets that operate trucks, transit and school buses, v
Electric Car
11-12-2021
Kia Corp. to Part Ways with Chinese Joint Venture Partner
Kia Corp. will break up with its joint venture partner in China, Dongfeng Motor Corp., after 20 years of partnership.
Romania
10-12-2021
OMV Petrom to Install 1 GW of Renewables in Romania by 2030
In its EUR 11 billion investment plan for the current decade, OMV Petrom earmarked more than 35% for low and zero carbon opportunities.
Power Construction
10-12-2021
EETC Invested $490m in Grid Improvements over Fiscal Year
The Egyptian Electricity Transmission Company has revealed it invested over $490 million in improvements to the electrical grid during the fiscal year 2020-2021.
Hydrogen Technology
10-12-2021
SK Gas Makes Investment in C-Zero, U.S. Turquoise Hydrogen Producer
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.
LNG
09-12-2021
Jera Invests in Barossa Gas Field, Joins Darwin LNG Project
Japanese energy giant JERA will buy a 12.5 per cent stake in the Barossa gas field, thus participating in the Darwin LNG project in Australia.Courtesy of Santos
Energy Storage Battery
09-12-2021
UK Battery Storage Facility Acquired by TagEnergy
Global clean energy enterprise TagEnergy has increased its UK presence with the acquisition of a 100% stake in the Lakeside 99.9 MW battery storage facility in North Yorkshire from independent renewable energy company RES.
Energy Investment
08-12-2021
Woodside to Invest $7b in Emerging Energy
Oil and gas supplier Woodside will invest $7 billion in low carbon energy by 2030 while still benefiting from a recently-announced merger with BHP's petroleum business.
Energy Investment
07-12-2021
Equinor Invests in Battery Storage Company
The agreement includes the acquisition of a 45% stake in Noriker, with an option to acquire the full company at a later stage.
Energy Investment
07-12-2021
Acwa Power Signs Deal with Natixis to Secure Funding for New Projects
French bank could finance up to $2bn of the Saudi energy company's initiatives over the next two years
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