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Energy Investment
£8M Investment Boosts Tokamak Energy’s Fusion Energy Ambitions
Energy Technology
11-09-2020
EU Energy Tech Incubator Opens US Office
European sustainable energy technology incubator EIT InnoEnergy has expanded into the US, opening an office in Boston.
Australia
08-09-2020
Tesla Secures Funding for Australia’s Largest Virtual Power Plant
The Australian Renewable Energy Agency has issued AUS$8.2 million in funding for the development of what is claimed to be the largest virtual power plant in the country.
Chile
05-09-2020
Chile: Mainstream Renewable Power Secures Funding for 630MW of Renewable Generation
Mainstream Renewable Power has closed funding of US$620 million for the second phase of the Andes Renovables wind and solar generation platform in Chile.
Energy Investment
05-09-2020
EDP Renováveis to Sell Stake in US Renewable Assets for $700m
Spanish firm EDP Renováveis has agreed to sell its stake in a US wind and solar portfolio to Connor, Clark & Lunn Infrastructure for $700m.
Offshore Wind Power
04-09-2020
Crown Estate Scotland Launches Offshore Wind Fund
Crown Estate Scotland has launched a £500,000 fund to go towards sustainable development of offshore wind in the country as part of its net zero commitment.
Energy Investment
03-09-2020
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 billion with seven major local banks.
Hydropower Plant
03-09-2020
Research Identifies Need for Multi-Billion Dollar Investments in Asian Hydropower Modernisation
A study conducted by International Hydropower Association for the Asian Infrastructure Investment Bank has found that 66 hydropower stations across 19 countries are due for modernisation the estimated investment value of which is $13.7 bn.
03-09-2020
Mitsubishi Hitachi Power Systems Announces Rebrand
Mitsubishi Power, a major subsidiary of the Mitsubishi Heavy Industries Group, has officially changed its corporate name from Mitsubishi Hitachi Power Systems.
Coal-Fired Power Plants
02-09-2020
ADB Urged to Withdraw Financing New Coal-Fired Energy Projects
The Asian Development Bank has been urged to withdraw from financing new coal-fired energy projects by its Independent Evaluation.
Energy Investment
01-09-2020
EU Bank Acquires 25% Stake in Romanian Gas Company
The European Bank for Reconstruction and Development is strengthening energy security in Moldova with the acquisition of a 25% stake in Vestmoldtransgaz.
United Kingdom
31-08-2020
BP to Sell London Headquarters as Work Style Shifts
BP Plc plans to sell its headquarters in central London as it cuts jobs and adopts flexible working.
Solar Company
28-08-2020
Centrotec Taking Control of Solar Module Maker Sonnenstromfabrik
German heating and ventilation equipment provider Centrotec SE has agreed to take over PARI Group AG.
Energy Investment
27-08-2020
Aveva to Acquire Digital Company OSIsoft for $5bn
Industrial software company AVEVA is to acquire US digital solutions firm OSIsoft for $5bn.
Energy Investment
27-08-2020
Actis to Acquire Green Energy Projects from ReNew Power in India
UK-based private equity firm Actis has reportedly started talks to acquire more than 550MW capacity of green energy projects from Indian company ReNew Power.
Energy Investment
26-08-2020
KEPCO KPS to Acquire Manikaran’s Stressed Power Assets in India
Korea Electric Power Corporation KPS has reportedly planned to acquire and operate stressed power plants from Manikaran Power in India.
EV Market
25-08-2020
Tesla Now Worth more than Exxon Mobil, Shell and BP Combined
Nothing slows down Tesla on its rise. Last Thursday, the action of the firm reached the symbolic mark of 2,000 dollars
Energy Investment
25-08-2020
South Korea’s Renewables Investments to Top $46bn By 2030
South Korea’s renewables investments are expected to exceed $46 billion by 2030.
Energy Investment
25-08-2020
Japan Steps up Renewables Investment to Beat 2030 Target
Japan will invest more than $100bn in wind and solar generation before 2030.
Energy Investment
24-08-2020
Brazil's Omega Geração Buys Stake in EDF Renewables Wind Farms
It added that it was in talks to buy additional wind farms with 265 MW in capacity and has until December to make an offer.
24-08-2020
Saudi Energy Ministry to Assist Development of Mega Economic Zone Neom
The 26,500 square km development, first revealed in 2017 with a planned completion in 2025, will include high-tech projects powered by wind and solar energy.
Biobattery
22-08-2020
Nova Pangaea Set for Expansion Following £900,000 Funding Round
Nova Pangaea Technologies, the U.K. company which sustainably converts biomass into valuable feedstocks for biofuels.
Australia
21-08-2020
After Abandoning Coal, Suncorp will Phase Out Oil and Gas Financing
One of Australia’s largest insurers Suncorp has announced a significant retreat from fossil fuels, declaring it will not directly finance or insure new oil and gas projects.
India
21-08-2020
Indian Energy Exchange To Launch Renewable Energy Trading On August 21
Power regulator Central Electricity Regulatory Commission had given the nod on August 17 to commence green term-ahead market in the country.
Libya
20-08-2020
Turkey Set to Receive $35 billion in Libya Contracts
Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another deal on August 13...
Solar Power Panel
20-08-2020
Sonnedix Secures Financing for Solar Portfolio in Spain
Independent solar power producer Sonnedix has secured $183m (€154m) in funding for 62 solar photovoltaic (PV) plants in Spain.
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