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Wind Farm
Australian Government to Underwrite Renewable Energy Capacity
The Australian government has agreed to underwrite new wind and solar farms backed by energy storage, in hopes of unleashing investment at least A$10 billion ($…
United Arab Emirates
UAE's ADNOC, Taqa and Mubadala Complete Masdar Stake Deal
Abu Dhabi's National Oil Company [RIC:RIC:ADNOC.UL], Taqa (TAQA.AD) and Abu Dhabi sovereign wealth fund Mubadala Investment Company said on Thursday they would …
Net Zero Emission
Vanguard Quits Net Zero Climate Effort, Citing Need for Independence
Vanguard Group Inc is pulling out of a major investment-industry initiative on tackling climate change, the world's biggest mutual fund manager said on Wednesda…
Nuclear Fusion
EIT InnoEnergy Invests in Start-up for Commercially Viable Fusion
EIT InnoEnergy has announced its latest investment in Sweden-based Novatron Fusion Group AB. The company is developing a new proprietary fusion power concept, a…
Energy Investment
Losses May Force Japanese, S. Korean Utilities to Delay Green Investment
South Korean and Japanese power utilities are sustaining heavy losses, kept from passing rising generation costs on to customers and, according to analysts, for…
Net Zero Emission
Adnoc to Set up New Vertical in Decarbonisation Push
Musabbeh Al Kaabi, chief executive of Mubadala's UAE investments platform, has been named executive director.
Energy Investment
North Star Raises £140 Million Investment to Build Next Wave of Renewables Fleet
North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan as it looks to broaden its position as the U…
Global Energy Efficiency Investments Jump 16% YoY in 2022: IEA
It reached $560b this year.
Crude Oil
Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…
Energy Storage Battery
Major Energy Players Seal Big Deals for Renewables
The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…
Solar Power Plant
Dubai’s Concentrated Solar Power Project Starts Supplying Electricity to the Grid
It is the largest concentrated solar power project in the world in terms of installed capacity, investment size, and molten salt reserve heat.
Electric Car
UK Approves $26.6 Billion Power Grid Investment to Expand Renewable Capacity
Six electricity distribution network companies, covering fourteen local networks in the UK, will have $26.6 billion (£22.2 billion) to invest by 2028 to make t…
Carbon Emissions
Rio Tinto to Invest $600 Mln More in Renewable Energy Assets
Rio Tinto Ltd plans to invest a further $600 million in renewable energy assets in the iron ore-rich Pilbara region of Western Australia, the miner said on Wedn…
Carbon Emissions
Heat Pumps Can Reduce Carbon Dioxide Emissions by 500 Million Tonnes by 2030, IEA Says
Additional annual investment of $160 billion until 2030 will be needed to meet global climate pledges.
Nuclear Power Plant
UK Government Steps up as 50% Owner of 3.2-GW Sizewell C EPR Nuclear Project
The UK government will bolster a proposal to build Sizewell C with a £679 million ($815 million) investment, giving the twin EPR nuclear power plant project—a…
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