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Egypt
Egypt’s Infinity to Become Africa’s Largest Renewable Energy Company
Infinity and Africa Finance Corporation will acquire Lekela Power in deal that includes 2.8-gigawatt portfolio of wind power and greenfield projects
France
France to ‘Be Sued Over Its Plan to Nationalise EDF’
An association of EDF employee shareholders has said the government’s decision defies the interests of its minority shareholders
MENA Power Projects Forum 2022 to Focus On US$250 Billion Worth of Upcoming Power Projects in MENA Region
Power and utilities companies will have enough businesses as governments in the MENA countries plan to implement US$250 billion worth of power projects includin…
Worley to Digitise Shell Gulf of Mexico Assets
Engineering giant will focus on five Shell facilities
GE’s Energy Business Will Have a New Name—Vernova
General Electric (GE) is again announcing changes to its corporate structure, with the company on July 18 saying its energy and other businesses will operate un…
India
Firetrace Expands Into Chinese and Indian Markets
Firetrace International, a provider of fire suppression technology, has opened facilities in India and China, bringing its fire safety support to these rapidly …
Uniper: How Long 2 Bln Euro Credit Facility Will Last Depends on Market
Embattled German utility Uniper said that how long a 2 billion euro ($2.02 billion) credit facility it drew down earlier Monday would depend on how the market d…
Petronas Says Taking Steps to Protect Global Assets After Seizure of Luxembourg Units
Malaysia's state energy firm Petronas said it was taking steps to protect the legal position of all its global assets after two Luxembourg-based subsidiaries we…
Agreement to Acquire an Interest in a Lithium Project
Greenland Minerals to earn in 51% in the Villasrubias lithium exploration licence located in Spain’s most renowned province for technology metals exploration …
Energy Blockchain Startup FlexiDAO Secures Google and Microsoft Backing
FlexiDAO plans to scale its renewables tracking platform, particularly in the US and Europe, with $6.5 million raised in Series A funding.
TGS Acquires Stake in NASH Renewables
TGS, a global provider of energy data and intelligence, has announced its investment in NASH Renewables, a start-up developing software-as-a-service (SaaS) solu…
European Renewable PPA Prices Soar by 47% Year-On-Year
PPA prices have taken a steep 16% hike in their fifth consecutive quarter of growth, according to a report
Cost-Competitive Renewables Save $55B in Global Energy Generation in 2022
Electricity costs from wind and solar power declined in 2021.
United Kingdom
UK Regulator Ofgem Threatens Action on Inadequate Payment Policies
Ofgem has told utilities to "take immediate action” in reinforcing policies around direct debits, and remain vigilant of rising costs.
ReNew Refinances Dollar-Denominated Bonds
It issued $525m bonds in 2019 that will mature in 2024.
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