Energy economy

Energy Transition
British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal
Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of …
Natural Gas
Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues
German energy company Uniper has reported that net losses in the first nine months of the year had reached €40.4 billion ($39 billion), against a €4.7 billion…
Rising Interest Rates Weigh on Renewable Growth
European renewable stocks have fallen 20% since August.
Biden Unveils $13.5 Billion Package to Ease Home Energy Costs
U.S. President Joe Biden has announced plans to shell out $13.5 billion to help reduce energy costs for low- and moderate-income households.
Oil Price
BP Looking at Billions in Buybacks for Q4
British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.
Offshore Wind Power
Japan's TEPCO Renewable to Buy British Offshore Wind Power Firm
TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, said on Wednesday it will buy 100% stake in Flotation Energy, a British floating offshor…
Denmark
Equinor to Acquire Danish Solar Power Developer
Norwegian energy firm Equinor said on Wednesday it had agreed to buy Denmark's BeGreen, a solar project developer in north-west Europe, for an undisclosed sum. …
Green Investment Group Buys BayWa r.e. Bioenergy Platform
Maquarie Asset Management’s GIG acquires specialist biogas platform from BayWa r.e. AG and looks to grow business across Germany, Italy and rest of Europe.
Alok Sharma Calls for Increased Windfall Tax After BP Bumper Profits
Cop26 president says 'excessive profits' must be treated in 'the appropriate way' when it comes to taxation.
Octopus Energy to Take Over Struggling Competitor Bulb Energy
Octopus Energy Group is taking on state-run Bulb Energy’s 1.5 million customers after securing approval from the British Government.
United Arab Emirates
UAE and US in Strategic Partnership to Invest $100bn in Clean Energy Projects
The two countries plan to produce 100 gigawatts of clean energy globally.
Philippines
Philippines’ Meralco Posts 20% Net Income Growth in First Nine Months
Its reported net income stood at P19.8b (US$341m).
Hydrogen Project
ACWA Power, EBRD Sign Sustainable Infrastructure Financing Deal
Focus countries are Uzbekistan, Azerbaijan, and Egypt.
Australia
ACEN Australia Bags $75m Funding for 8GW Renewable Energy Projects
This CEFC investment will accelerate the development of ACEN’s renewables portfolio.
GE’s Renewables Business Reports $1.8bn Loss so Far This Year
Industrial giant GE reported a bumpy third quarter across its renewable energy and power business segments.

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Energy economy

British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal

Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues

Rising Interest Rates Weigh on Renewable Growth

Biden Unveils $13.5 Billion Package to Ease Home Energy Costs

BP Looking at Billions in Buybacks for Q4

Japan's TEPCO Renewable to Buy British Offshore Wind Power Firm

Equinor to Acquire Danish Solar Power Developer

Green Investment Group Buys BayWa r.e. Bioenergy Platform

Alok Sharma Calls for Increased Windfall Tax After BP Bumper Profits

Octopus Energy to Take Over Struggling Competitor Bulb Energy

UAE and US in Strategic Partnership to Invest $100bn in Clean Energy Projects

Philippines’ Meralco Posts 20% Net Income Growth in First Nine Months

ACWA Power, EBRD Sign Sustainable Infrastructure Financing Deal

ACEN Australia Bags $75m Funding for 8GW Renewable Energy Projects

GE’s Renewables Business Reports $1.8bn Loss so Far This Year