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Hydrogen Project
Hanwha Solutions Acquires Cimarron Composites
Hanwha Solutions has signed a deal to acquire a 100% stake in Cimarron Composites, as part of an effort to accelerate its expansion into the green hydrogen indu…
Energy Investment
AIIB to Boost Financing for Green Projects
The Asian Infrastructure Investment Bank will increase financing for social infrastructure, green infrastructure and technology-enabled infrastructure, which ha…
RCEP
RCEP to Take Effect by End of This Year
The Regional Comprehensive Economic Partnership agreement is expected to take effect by the end of this year, enabling more than one-third of China's foreign tr…
France
Total Pays $2.5bn for 20% Stake in Adani Green Energy
French oil company Total has purchased a 20% minority stake in Indian renewables producer Adani Green Energy Ltd.
Energy Technology
US$47m Funding from US Department of Energy for Disruptive Tech Mostly goes to Batteries, Smart Grid
The lion’s share of new funding announced this week to help scale-up potentially disruptive technologies by the Advanced Research Projects Agency - Energy of t…
United Kingdom
Vestas Lay off 220 Employees in Denmark and Britain
Danish wind turbine manufacturer Vestas Wind Systems has announced it will lay off 220 employees in Denmark and Britain.
Oil Field
Venezuela Proposes Deals Allowing Private Companies to Operate Oil Fields
Neither company responded to requests for comment, and neither did PDVSA nor Venezuela's oil ministry
China
China and EU Together for a Better Tomorrow
On Dec 30, China and the European Union concluded the negotiations on the EU-China Comprehensive Agreement on Investment.
Clean Energy Transition
COP26: Developed Nations Urged to Provide $100bn for Energy Transition
World energy leaders held a virtual COP26 Roundtable on Clean Power Transition to discuss the global transition to clean power as part of a green recovery and t…
Crude Oil
Altrad Snaps up Contracts Worth £30m for Work at Major Oil Refinery
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
Electric Car
Tesla Gains 5% on Launching in India
Tesla stocks rallied higher at the end of Tuesday’s trading session gaining as much as 5% as the stock settled at $849.
Energy Investment
Resalta Sells Croatian Biomass Cogeneration Plant
The transaction is one of the largest foreign investments in the biomass renewables segment in Croatia.
China Belt and Road
ANGOLA: Government Calls on China to Invest in Renewable Energies
The Angolan authorities recently launched an appeal to Chinese businessmen to increase their investment in the renewable energy sector.
Wind Turbine
Siemens Gamesa to Close Two Turbine Manufacturing Plants in Spain
Wind turbine manufacturer Siemens Gamesa has announced plans to close its Somozas and Cuenca plants in Spain.
Energy Investment
Globeleq Expanding into Nigerian Power Business
Independent power generation company Globeleq will take a 74% stake in Nigerian power business CPGNL Limited.
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