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European Investment Bank funds two windfarms in Portugal
The European Investment Bank (EIB) has agreed to provide a loan of €45m to renewable energy company Eolica da Linha for the construction of three windfarms in …
100% Renewables Means 95% Less Water Consumption for Conventional Power Generation
According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just …
5G And IoT Comes to Enterprises in Japan
Nokia today announced that it is building out its strategic partnership ecosystem to bring local 5G/private wireless LTE to industrial and government customers …
EU and Africa Signed A $120m Deal to Fund Sustainable Energy Projects
The European Investment Bank and the Eastern and Southern African Trade and Development Bank (TDB) have signed a deal to fund sustainable energy projects over t…
ABB CEO: ABB Is Ready to Spin off More Businesses
The Swiss engineering company, under pressure from activist investors to simplify its operations, is carrying out a strategic review of underperforming business…
US EPA Sends Final 2020 Biofuel Volumes to White House for Review
The US Environmental Protection Agency on Friday sent its delayed 2020 biofuel blending mandate to the White House for review, but continues to allow for the po…
Energy Investment
BlackRock Achieved $1bn Record for the Global Renewable Power III (GRP III) Fund
American investment company BlackRock has announced that is has achieved $1bn for the first close of its Global Renewable Power III (GRP III) fund. The company …
Wind Capacity Exceeds Hydro, While Solar Tops Oil in US
New capacity placed into service that month included 359 MW of wind and 232 MW of solar but only 100 MW of natural gas.
Energy Connected Homes Services Set for Substantial Growth
The research Connected Homes Insight Service has identified increasing levels of entry and investment, with rates of entry more than doubling over the last deca…
Ireland to Open 1st Renewables Auction in Early 2020
The Irish government on Monday gave the green light to the country’s first auction under its new Renewable Electricity Support Scheme (RESS) that is seen to pa…
Market Analysis
Asian Wind to 'Outpace' Western Europe and North America Combined
Cumulative wind power capacity in Asia is likely to overtake the combined total of North America and Western Europe (NAWE) through 2028, driven by a rapid growt…
Irish Electricity Company Electricity Supply Board to Buy 50% Stake in EDF Scottish Windfarm
Irish electricity company Electricity Supply Board (ESB) has agreed to purchase a 50% stake in the Neart na Gaoithe offshore windfarm from EDF Renewables, which…
In Oil And Gas, Activist Investors Lose Steam
Relatively steady but low oil and gas prices in North America have led to a slowdown in energy M&A and activist investors are finding that when deals do happen,…
Mitsubishi And Chubu Electric Power to Purchase Dutch Energy Supplier Eneco for €4.1bn
A consortium formed of Japanese companies Mitsubishi and Chubu Electric Power Company has agreed to acquire Dutch energy company Eneco for €4.1bn, beating bids…
China to Slash Renewables Subsidies by 30%
The government of China has decided to reduce renewable power subsidies by 30%, from $1.15b in 2019 to $807m in 2020.
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