Partners Group buys California energy assets worth $2.2 billion
The companies announced on Tuesday that Swiss private equity firm Partners Group would purchase an energy asset-management platform in California and certain gas-fired electricity plants from U.S. based Avenue Capital Group, for $2.2 billion.
Nigeria launches $500 Million Fund for Solar Energy
Nigeria launched a $500-million fund on Thursday to attract private investment in order to increase solar energy and supplement the country's aging power grid. At the Sustainable Energy for All Global Forum held in Barbados…
Spain does not see any risk in increasing its reliance on U.S. Liquefied Gas
Sara Aagesen, Spanish Energy Minister, said that she saw no risk in Europe’s growing dependence on US liquefied gas despite President Donald Trump’s threats to escalate the global trade war. She said that imports of U.S.
Terabase Energy receives $130 Million to expand solar technology
Terabase Energy, a solar technology company, announced Thursday that it had secured funding from SoftBank of $130 millions to scale up its technology for large projects. Terabase Energy now has a total of $200 million in funding…
Osaka Gas predicts that domestic thermal power will reach 3.2 GW in 2026
Osaka Gas is Japan's second largest city gas supplier. It said that its thermal power generation capacity in Japan will reach 3.2 gigawatts (3.2 gigawatts) by 2026, with the planned start-up of two 600 megawatt gas-fired units in Himeji.
EU seeking feedback on looser rules for state aid to encourage clean tech projects
The European Union's state aid regulators want to hear from its member countries about new rules that will allow governments to provide grants and other financial incentives to businesses and clean technology projects to reduce carbon footprint.
Report: India must double its renewable energy capacity to achieve 2030 clean-energy goals
Global Energy Monitor's (GEM) report released on Wednesday said that India needs to double its annual additions of solar and wind power over the next five year in order to reach its 2030 clean energy targets.
India's NTPC has plans to invest over $23 billion in renewable energy in Madhya Pradesh
The Indian state-owned power company NTPC announced on Monday that it will invest over 2 trillion rupees (about $23,07 billion) in renewable energy projects located in Madhya Pradesh. The company has announced…
Vopak's profits are unlikely to change much by 2025 as one-offs have a negative impact on the 4th quarter results
Dutch tank storage company Vopak said that it expects to see little difference in its earnings by 2025, despite the fact that strong demand for energy-storage infrastructure is boosting its results. Analysts…
Lightsource bp has secured 10 power purchases totaling 1.3 GW in the last 12 months
The firm reported on Wednesday that Lightsource bp - a renewable energy developer and a subsidiary of British oil giant BP - secured 10 power purchase agreement (PPA) in the last year, totaling 1.3 gigawatts of renewable energy capacity worldwide.
Researchers find that China's clean-energy investments are on par with global fossil fuel investments.
According to a recent analysis by the U.K.-based Carbon Brief, China will invest 6.8 trillion yuan (about $940 billion) in clean energies in 2024. This is close to the global investment of $1.12 trillion made in fossil fuels.
Potentia Energy purchases major Australian renewable energy assets
Potentia Energy is a joint venture of Italy's Enel and Japan's INPEX Corp. It announced Thursday that it will buy control stakes in renewable energy projects worth 1 gigawatt in Australia. This investment…
Report shows that global energy investment exceeded $2 trillion last year.
BloombergNEF reported on Thursday that global investment in the low-carbon energy transformation exceeded $2 trillion last year for the first. Many experts believe that the pace of development is too slow.
Ukraine's DTEK purchases 200MW energy storage system in bid to reduce outages
DTEK, Ukraine's largest energy private company, announced on Monday that it would purchase storage systems from Fluence Energy with a total capacity of up to 200 megawatts. The storage systems will be used as backup for six power plants.
Centrica: Britain's gas reserves are "concerningly small"
Centrica, the operator of Britain's largest storage facility, stated on Friday that Britain's gas levels were "concerningly" low, with less than one week's worth of gas left to be consumed following a recent cold snap.
Orlen, a Polish company, plans to invest 380 billion Zlotys (about $3.8 billion) by 2035
Orlen, Poland's oil retailer and refiner, plans to invest between $84.3 billion and $91 billion by 2035. This compares to the 320 billion zlotys in investments that were envisaged for an eight-year period under the 2022 Strategy.
AI's hunger for energy fuels geothermal startup but rivalry over natgas clouds the future
The number of geothermal energy startups is on the rise, as Big Tech companies look to power their AI data centers with natural gas. However, long-term investment remains uncertain because oil majors are doubling down on natural gases.
US offers PG&E a conditional loan of up to $15 billion for climate resilience
The Department of Energy announced on Tuesday that the United States had offered PG&E, a California-based utility, a conditional $15 billion loan to upgrade its electrical grid and support climate resilience.
US solar industry's strategy for Trump's era downplays climate
The U.S. Solar Industry unveiled their lobbying strategy on Thursday for the incoming Trump Administration. They promoted themselves as a domestic employment engine that could help meet soaring demand for power…
Change of Ørsted Region Americas CEO
Ørsted announced today that David Hardy, Group EVP and CEO Americas, has decided to leave the company to join GE Vernova as Chief Commercial Officer, Wind. He will step down from his position effective…
