Energy economy

Spain
Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain
The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one millio…
Ørsted to Acquire Wind and Solar PV Developer Ostwind
Ostwind’s portfolio includes 152MW in operation and under construction and around 526MW in advanced development stages.
Finland
Neoen and Prokon Sign Second PPA With Equinix
Neoen and Prokon have announced the signing of a new power purchase agreement (PPA) with Equinix to provide at least 42 MW of green energy in Finland.
Record Profits Could Convince Oil Majors to Hike Dividends
Strong up-and-downstream performance make for strong big oil earnings expectations.
The Future Is Bright for Artificial Intelligence in the Middle East
Several nations are embracing AI to diversify and bolster their economies.
United Kingdom
Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances
Independent review conducted on behalf of British Gas found that a compulsory co-insurance model would not protect credit balances
United Kingdom
Anglo-German Interconnector Project Reaches Financial Close
The NeuConnect interconnector project linking the UK and German energy markets has reached financial close.
Germany
German Government to Acquire 30% of Uniper
The energy major has signed a €15bn bailout deal.
TES Completes Green Energy Fundraising Round
Tree Energy Solutions (TES), a world scale green hydrogen company with a mission to deliver on a net zero future by decarbonising the energy chain, has announce…
Amazon Announces $20,000 Green Grant for Sustainable Retailers
E-commerce giant is awarding US green retailers $20,000 grants to promote the adoption of sustainable practices
United Kingdom
ZeroAvia Attracts $30MN in New Funding
New investment from Barclays, NEOM, AENU and IAG will further advance ZeroAvia’s 2-5MW hydrogen-electric powertrain development program.
Energy Giants Pen $4BN Algeria Oil and Gas Contract
The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields.
Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni
New production-sharing contract is for 25 years for onshore blocks in eastern part of North African country
Mainstream and Actis Agree to Sell African Renewables Giant Lekela
Renewable developer Mainstream Renewable Power and investor Actis have signed an agreement to sell the Lekela Power platform to Infinity Group and Africa Financ…
The Green Economy, an Imperative for Economic Sustainability in Africa
As one of the chosen pilot countries, Mozambique hosted a dialogue focused on the green economy in Africa.

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Energy economy

Iberdrola and EU Bank Ink €550M Loan to Boost Renewable Energy in Spain

Ørsted to Acquire Wind and Solar PV Developer Ostwind

Neoen and Prokon Sign Second PPA With Equinix

Record Profits Could Convince Oil Majors to Hike Dividends

The Future Is Bright for Artificial Intelligence in the Middle East

Centrica Slams Octopus’ Proposals for Protecting Consumer Credit Balances

Anglo-German Interconnector Project Reaches Financial Close

German Government to Acquire 30% of Uniper

TES Completes Green Energy Fundraising Round

Amazon Announces $20,000 Green Grant for Sustainable Retailers

ZeroAvia Attracts $30MN in New Funding

Energy Giants Pen $4BN Algeria Oil and Gas Contract

Algeria’s Sonatrach Strikes Production Deal With TotalEnergies, Occidental and Eni

Mainstream and Actis Agree to Sell African Renewables Giant Lekela

The Green Economy, an Imperative for Economic Sustainability in Africa