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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
25-10-2020
Schneider Electric ups 2020 Revenue Forecast as Q3 Returns to Growth
French electrical equipment group Schneider Electric SE raised its 2020 revenue and margin forecasts on Thursday, citing a better-than-expected third quarter helped by pent-up demand and distributors restocking.
Hydropower Plant
25-10-2020
Hydro-Québec to Invest in Carillon Generating Station Refurbishment
Canadian public utility company Hydro-Québec has announced an investment of C$750m ($570m) to refurbish its Carillon power generating station.
Hydrogen Fuel Cell Vehicle
23-10-2020
Riversimple Opens £150m Funding Raise for Hydrogen Vehicles
Riversimple has revealed plans to raise £150m over the next three years to fund the manufacture of two hydrogen-powered vehicles.
Digital Energy Transformation
23-10-2020
DNV GL Launches Digital PPA Tool
DNV GL has launched a digital power purchase agreement tool to help corporate buyers source renewable electricity supplies.
Oil Field
22-10-2020
Suncor May Sell Stake In North Sea Oilfields
Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin.
Spain
22-10-2020
Iberdrola Buys US Utility in $8.3bn Deal
Spanish energy company Iberdrola is acquiring the primary electric utility in New Mexico in a deal valued at around $8.3 billion.
Market Analysis
21-10-2020
Green Bonds Market Passes $1 Trillion Milestone Amid Global Turmoil
The green bonds market has passed its greatest milestone by reaching more than $1 trillion in issued bonds since the mechanism emerged in 2007.
SMR
21-10-2020
USDOE Approves $1.355bn Funding for NuScale’s SMR Project
The US Department of Energy has approved a $1.355bn funding vehicle to Utah Associated Municipal Power Systems.
Energy Investment
20-10-2020
MENA Gas Investments Surge to $126bln
Apicorp’s optimism is based on the ongoing downstream value chain integration.
19-10-2020
Sempra Energy Named To Forbes' JUST 100 List
Sempra Energy's vision to deliver energy with purpose comes to life through our stakeholder-centered approach and leading with environmental, social and governance principles.
South Africa
19-10-2020
South African Economy Recovery Plans Prioritise Energy Security
The South African government’s newly unveiled Economic Reconstruction and Recovery Plan has energy security at the forefront to rebuild the economy post-COVID-19.
Hydropower Plant
19-10-2020
Scatec Solar to Buy SN Power
Norwegian firm Scatec Solar has signed a US$1.166 billion deal to acquire hydropower developer SN Power from Norfund.
Solar Power Plant
18-10-2020
Vietnam’s First Certified Green Loan to Fund 257MW Solar Project
B.Grimm Power, one of Thailand’s largest private power producers, has secured a green loan from the Asian Development Bank (ADB) to develop a solar power project in Vietnam.
Energy Storage Project
15-10-2020
CEC Awards US$1.2 Million to Indian Energy for Energy Storage Solution
Grants to help company demonstrate a non-lithium-ion, long-duration energy storage solution.
Energy Investment
13-10-2020
Jordan to Leverage €1.4 million EIB Grant to Boost Municipal Efficiency Programmes
In Jordan, the European Investment Bank has signed an agreement with Cities and Villages Development Bank to support the implementation of the CVDB – Municipal Energy Efficiency Programme.
13-10-2020
South America’s Renewables Potential Waiting to be Tapped
South American countries have the potential to near double their current renewables generation expansion plans.
Energy Investment
13-10-2020
E.ON Launches €250 Million Fund for Next-Gen Digital Technologies
Germany multinational energy company E.ON has launched a €250 million investment fund dedicated to digital technologies and business models.
Power Construction
12-10-2020
Australia Labor’s Budget Response: $20 Billion to Rewire the Grid
The Federal Opposition has responded to the Federal Government’s 2020-21 Budget, outlining a plan to invest $20 billion in rewiring the electricity grid to allow Australia to adapt to changing energy markets and become a renewable superpower.
Energy Investment
10-10-2020
Total Invests in Hyzon Motors
Through its venture capital arm Total Carbon Neutrality Ventures, European energy giant Total has made a strategic investment in hydrogen vehicle manufacturer Hyzon Motors.
United Kingdom
10-10-2020
ExxonMobil to Cut European Workforce By 1600
Global energy company ExxonMobil has announced that it will reduce the number of its workers across its businesses in Europe.
Energy Investment
09-10-2020
China’s Clean Energy Plan Could Cost It $5 Trillion
China’s plan to reach carbon neutrality by 2060 could end up costing it $5 trillion.
Electricity Trade
09-10-2020
Indonesia’s Power Sector is Open for Business
The final episode in Enlit Asia’s digital series Indonesia’s New Energy Paradigm did not disappoint, as the expert panel delved into how the country’s energy transition is opening up a variety of opportunities attracting investors from across the globe.
Energy Investment
09-10-2020
Eurpoean Bank Supports Upgrade of Electricity Network in Hungary
The European Investment Bank has announced support for the upgrade and expansion of the electrical power network in south-eastern Hungary.
05-10-2020
Iberdrola Announces New €1.5bn Renewables Investment Plan
Spanish multinational utility Iberdrola has announced that it plans to triple its renewable energy capacity in Andalusia within the next five years.
Libya
05-10-2020
Easy Solar Closes $5m to Scale-Up Energy Access in West Africa
Easy Solar has closed $5m to scale-up energy access in Sierra Leone and Liberia.
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