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Smart Grid
Lithuania’s Ignitis Grupė Secures €110 Million Loan for Smart Meters and IT
In Lithuania, energy company Ignitis Grupė has secured a €110 million loan from the European Investment Bank to support its smart metering systems and IT solu…
Energy Investment
Canadian Government Commits C$320 Million to Aid Offshore Oil Industry
Canada will spend C$320 million to support its offshore oil industry, which has struggled as coronavirus pandemic travel restrictions reduced demand.
Nuclear Power Plant
World's Operating Nuclear Fleet at 30 Year Low as New Plants Stall
The number of nuclear reactor units operating globally is at a 30 year low, while new plants struggle for investment.
Wind Farm
Vattenfall, Glennmont Sign Piiparinmaki Balancing Deal
Vattenfall has signed an agreement with European clean energy investor Glennmont Partners to provide balancing services for what will be Finland’s biggest wind…
Oil&Gas Drilling
KrisEnergy Gets Funding to Bring Cambodia Offshore Project Online
KrisEnergy has reached a loan deal with Kepinvest Singapore to assist the company with bringing the Apsara project off Cambodia online on schedule.
Energy Investment
Bord Na Mona Eyes €1.6bn War Chest for Wind, Solar
Bord na Mona has launched a major fundraising campaign to build a series of climate action projects across its 200,000 acre landholding.
Electric Vehicle Battery
Tesla's Value Drops $50 Billion as Musk's Promised Cheaper Battery 3 Years Away
Investors slashed $50 billion from Tesla Inc's market value on Tuesday despite CEO Elon Musk's promise to cut electric vehicle costs so radically that a $25,000…
Solar Power Plant
Ignitis Group Acquires 170MW Solar Portfolio in Poland
Ignitis renewables, subsidiary of Ignitis Group, has signed an agreement to acquire a portfolio of solar parks in Poland from the solar developer Sun Investment…
Solar Power Plant
German Power Player Secures €106m for Solar Surge
German independent power producer MKM Invest Group has raised €106m in debt financing to acquire a portfolio of European solar assets totalling 579MW.
China
China's CATL to Invest in Canada’s Neo Lithium
Chinese battery manufacturer Contemporary Amparex Technology will pay C$8.5mn to acquire an 8pc equity stake in Canada-based lithium brine explorer Neo Lithium.
Offshore Wind Power
GIG and Iberdrola to Develop Japan’s Offshore Wind Market
Iberdrola has reached an agreement with Macquarie’s Green Investment Group to acquire 100% of the Tokyo-based developer Acacia Renewables.
Coal Production
Greece’s Coal Pphase-Oout Will “Captivate Global Investments”
Earlier this week Greek ministers announced a plan to transition the country’s energy industry away from coal.
Hydrogen Fuel Cell Vehicle
Australian Government to Invest $1.9bn in New Energy Technologies
A new hydrogen export hub worth $70m and a push for hydrogen fuel cell vehicles through a $74.5m future fuels fund, have today been announced by the Australian …
Energy Storage Technology
Enel Partners to Accelerate Battery Energy Storage Adoption in Canada
Enel X has partnered with investment firm Ardian Infrastructure to accelerate the development and adoption of battery energy storage technologies in Canada.
Market Analysis
Hydro Power Requires $100 bn Investment Annually: Roger Gill, International Hydropower Association
The Global hydropower generation capacity is set to grow 60 per cent to 2,000 Gigawatt by 2050 and that growth can be achieved in a sustainable way, Roger Gill,…
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