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£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
United Kingdom
03-10-2020
Europe Announces First-Ever Renewable Energy Institute
The European Energy Centre has been awarded Institute status by the UK Government following the distinguished work in providing accredited Renewable Energy training and research carried out in the UK and internationally.
Electricity Trade
01-10-2020
NextEra Energy to Acquire Power Transmission Company GridLiance
NextEra Energy Transmission has signed an agreement to acquire US-based independent power transmission company GridLiance.
Energy Investment
30-09-2020
Total Drives Green Strategy With €500m Zero-Crude Project
As part of its net zero strategy, global energy company Total will invest €500 million into converting its Grandpuits refinery in Seine-et-Marne, France, into a zero-crude platform.
Vietnam
30-09-2020
Vietnam Requires $133.3bn in Power Investment By 2030
Vietnam will need an investment of $133.3bn in its power industry to meet its increasing electricity demand.
29-09-2020
Siemens Energy Listing on Stock Exchange ‘Marks New Era’
Siemens Energy today started trading on the Frankfurt Stock Exchange, with the opening share price quoted at €22,01, corresponding to a market capitalization of almost €16bn.
Oil & Gas Trade
28-09-2020
BPCL Pays for Defaulting Videocon in Brazil Oil Block
State-owned Bharat Petroleum Corp Ltd has been forced to pay for its defaulting partner Videocon Industries Ltd after it had relied on a rarely used model to acquire stake in five oil blocks in Brazil.
Hydropower Plant
27-09-2020
Nigeria: FG Sinks $5.8bn in Mambilla Hydropower Project
The Federal Government has said that it has so far spent about $5.8 billion on the 40-year-old Mambilla Hydroelectric Power project.
Energy Investment
27-09-2020
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Oil Field
25-09-2020
Shell Looks to Sell off Stake in Philippines Gas Field
Shell is looking to sell its 45pc stake in the Philippines' Malampaya gas field, almost a year after fellow major Chevron sold off its own stake in the field.
Power Construction
25-09-2020
Power Grid Gets Shareholders' Nod to Raise Up to Rs 10,000 Crore
All resolutions as set out in the notice of 31st Annual General Meeting held on September 22 have been duly approved by the shareholders with requisite majority, a BSE filing said on Thursday.
Energy Investment
24-09-2020
Bord Na Mona Eyes €1.6bn War Chest for Wind, Solar
Bord na Mona has launched a major fundraising campaign to build a series of climate action projects across its 200,000 acre landholding.
Austria
24-09-2020
Austrian Utility OMV Sells Gas Pipeline Unit to Verbund
Austrian utility OMV said on Wednesday it will sell a majority stake in its gas pipeline subsidiary to rival Verbund, a deal that will help OMV reduce debt and finance its acquisition of a leading plastics maker.
23-09-2020
Air Products China President Saw Choon Seong Appointed Chongqing Mayor’s International Economic Advisor
Appointment Reinforces Company’s Commitment to Southwestern China’s Inland Megacity.
Hydropower Plant
22-09-2020
JLEN Acquires Hydropower Facilities
Environmental infrastructure fund JLEN has acquired two operational hydro projects as part of a £4.74 million acquisition of Northern Hydropower Holdings Limited.
China
21-09-2020
China's CATL to Invest in Canada’s Neo Lithium
Chinese battery manufacturer Contemporary Amparex Technology will pay C$8.5mn to acquire an 8pc equity stake in Canada-based lithium brine explorer Neo Lithium.
Spain
19-09-2020
Iberdrola Acquires Japan’s Acacia Renewables with Development Deal
Spanish electric utility company Iberdrola has agreed to buy out Japan’s green energy supplier Acacia Renewables.
19-09-2020
US DoE Announces $1.5m in Funding for Carbon Capture Project with Total
The US Department of Energy has announced additional funding for a carbon capture technology research and development project with Total.
United Kingdom
18-09-2020
British Gas Ranked Number One by UK Business Energy
Utilities giant British Gas has come out on top in a new study on the performance of UK energy suppliers to the commercial market.
United States
17-09-2020
The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050
Utility net-zero carbon pledges are piling up, even if the companies are a long way from kicking their fossil fuel habits.
Energy Investment
16-09-2020
Lundin Makes $357,000 Investment in Swedish Wave Energy Start-Up
Non-profit investment company Lundin Foundation has invested $357,000 in wave energy foundation Ocean Harvesting Technologies.
15-09-2020
How Bad Relations With China Could Mess With the Energy Transition
Increasingly strained relations between China and the West are spilling into the clean power sector.
Australia
15-09-2020
Western Australia Pumps $22m Into Hydrogen Action Plan
Western Australia is positioning hydrogen as one of the industries to build its recovery and innovation into the future.
Hydrogen Fuel Cell
15-09-2020
France’s EODev Secures €20m to Commercialise Hydrogen Technology
French-based company Energy Observer Developments has closed €20 million in funding to accelerate the industrialisation and commercialisation of its hydrogen solutions.
Thermal Plant
14-09-2020
L&T-Owned 1,400 MW Nabha Power Plant Wins Twin Awards at CII Energy Efficiency Summit 2020
Nabha Power, a wholly owned subsidiary of L&T Power Development, won two prestigious awards at the 21st National Award Ceremony for Excellence in Energy Management, hosted by CII recently.
12-09-2020
Elliott Attempting to Prevent Chevron’s Takeover of Noble Energy
Paul Singer’s investment management firm Elliott Management will push for Noble Energy to abandon plans to sell itself to oil major Chevron.
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