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Australia
After Abandoning Coal, Suncorp will Phase Out Oil and Gas Financing
One of Australia’s largest insurers Suncorp has announced a significant retreat from fossil fuels, declaring it will not directly finance or insure new oil and…
India
Indian Energy Exchange To Launch Renewable Energy Trading On August 21
Power regulator Central Electricity Regulatory Commission had given the nod on August 17 to commence green term-ahead market in the country.
Libya
Turkey Set to Receive $35 billion in Libya Contracts
Following a maritime and military agreement signed in November, Turkey and Libya’s United Nations-recognised Government of National Accord (GNA) inked another …
Solar Power Panel
Sonnedix Secures Financing for Solar Portfolio in Spain
Independent solar power producer Sonnedix has secured $183m (€154m) in funding for 62 solar photovoltaic (PV) plants in Spain.
Warren Buffett Sells Stake in Oil Giant Occidental Petroleum
Warren Buffett’s Berkshire Hathaway has sold its common stock interest in Occidental Petroleum.
Energy Transition
BP, Pale Blue Dot Scoop ‘Energy Transition’ Prize
BP and Pale Blue Dot were among winners of the 2020 Offshore Achievement Awards during a virtual ceremony on 14 August.
Offshore Wind Power
Apollo Funds to Acquire Stake in US Wind to Fund Offshore Project
Apollo Global Management has announced that its affiliates have acquired a stake in offshore wind energy development company US Wind.
Ukraine
Ukraine’s Naftogaz to Boost Energy Independence, Efficiency with EU Help
Ukraine’s state oil and gas company Naftogaz and the Finance Ministry have concluded a loan agreement with Ukraine’s biggest international financial investor.…
Wind Turbine
Opdenergy Completes $103 Million Financing for Two Projects in Chile
OPDEnerg, a company that specializes in the development, financing, construction and operation of renewable assets, has announced the closing of a $103 million …
Energy Investment
Iran Considers Allowing People to Invest in Oil on Local Exchange
Iran is considering letting residents invest in oil on the domestic energy exchange.
United States
US Clean Energy Job Recovery Stalled to a Trickle in July
The recovery of clean energy jobs in the US slowed a trickle last month as trade associations have warned it could take years for jobs to return in full without…
Nuclear Power Plant
E.ON Sells German Nuclear Power Ahead at Above-Market Prices
German utility E.ON said on Wednesday it has sold forward 73 per cent of its 2021 nuclear power generation and 46 per cent of its 2022 output at prices above th…
Portugal
EDP Renewables to Divest 242MW Onshore Wind Farm Portfolio
Portuguese utility firm EDP is to sell a portfolio of seven onshore wind farms in a €426 million ($502 million) deal.
Spain
Spain-Based Iberdrola Takes Over Infigen Energy
It proposed to buy the Australian producer for $638m.
United States
Sasol Sees Loss With $6.3 Billion in Writedowns, Oil Slump
Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges a…
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