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Shell Acquires Full Control of Chinese Gas Station Joint Venture
Royal Dutch Shell Plc has acquired full control of one of its gas station joint ventures in China as the oil major doubles down on the fuel retailing market in …
Hydrogen Fuel Cell
Volvo & Daimler Launch Fuel Cell Joint Venture
The Volvo Group and Daimler Truck AG have signed the binding agreement to establish the announced joint venture for the development, production and marketing of…
Energy Investment
Mozambique Gets $50m from OPEC Fund to Support Energy Access
Mozambique will benefit from a loan of $ 50 million from the OPEC Fund, in support of its policy of promoting access to energy.
Market Analysis
UAE Unveils $1.7bn Sustainability Initiatives for Dubai
United Arab Emirates unveiled its new environmental and sustainability initiatives worth AED6.6bn in Dubai.
Energy Investment
Telangana Aims to Attract $4-billion Investment in E-Mobility Sector by 2030
Telangana is planning to attract $4 billion investments in the state and create employment for 120,000 persons by 2030 through electric vehicles in shared mobil…
Enphase Energy Beats Revenue Guidance on Back of ‘Significant Improvement’ in Global Demand
Enphase Energy exceeded its revenue guidance in the third quarter as microinverter shipments rebounded strongly on the back of a “significant” improvement in …
Orient Electric Q2 Net up Six-Fold to Rs 32.42 cr
Orient Electric has reported an over six-fold jump in its net profit to Rs 32.42 crore in the second quarter ended September 30, helped by lower expenses.
Coal Mine
ANZ Bank to Stop Funding Coal Mines & Power Plants
ANZ Bank has unveiled plans to adopt a net zero emissions test for loans, and to set a 2030 exit date for all direct investment in thermal coal mines and power …
Dominica
Dominica Government to Promote the Development of Digital Economy
The Fourth Session of the First Session of the Tenth Parliament of Dominica on the 26th approved a government loan of 77.49 million Canadian dollars to promote …
Wind Power Company
Vestas to Acquire Full Control of Offshore Turbine Business
The Danish manufacturer will buy out MHI’s stake in an offshore JV and says its new turbine platform will be launched soon.
US DOE Coal FIRST Initiative Invests US$80 Million in Net-Zero Electricity and Hydrogen Plants
When fully negotiated and awarded, it is estimated that approximately US$80 million in federal funding will be provided to these projects.
Energy Investment
Australia’s Largest Solar Farm to Progress as Neoen Completes AU$600m Financing
What stands to be Australia’s largest solar farm at 460MWp can now progress after Neoen finalised a financing package for it.
United Kingdom
EDF Launches New Set of Emojis to Help Brits Discuss Climate Issues
UK utility EDF has launched a new collection of emojis to help the public to discuss net-zero and other climate change related topics.
Sweden
Vattenfall Records Q3 Fall in Wind Profits
Swedish energy company cites lower availability of offshore wind power and lower electricity prices.
Energy Investment
Gov’t Approves $575m Sale of Tullow Oil Plc Assets to Total
Tullow Oil plc has revealed that the Uganda and the country’s tax body, the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the p…
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