UK Government unveils £95million ‘offshore wind ports’ plan for Teesside and Humber
The UK Government has unveiled plans to invest up to £95million to create offshore wind ports at Teesside and Humber.
renewables
Bilfinger Salamis appoints former Petrofac manager as Southern North Sea boss
Bilfinger Salamis has appointed a former Petrofac manager as the new figurehead for its Southern North Sea business.
Goldman weighs sale of majority stake in Japan Renewable
Goldman Sachs Group is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion, according to people familiar with the matter.
Allens strengthens renewable energy team in Vietnam
Law firm Allens has strengthened its market position in Vietnam with the appointment of Giles Cooper as a partner in the company's Hanoi office.
Malaysia’s Tenaga bags foothold in Vietnam’s booming solar market
TNB Renewables, a subsidiary of Malaysian national electricity provider Tenaga Nasional Berhad (TNB), will buy a 39% share in five solar rooftop projects from Singapore’s Sunseap Group in Vietnam.
Risk managers needed in the transformation of energy markets
The big question is what role natural gas will play in the changes in the global energy market, says the CEO of MET International. György Vargha explains why it is so important to manage risks in an integrated way.
China’s new green target still means pumping too much pollution
China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the world’s biggest polluter from hastening global warming.
Capital still available to oil firms, but with green tinge
An oil and gas banking expert said today that capital is still available to the sector, but with green tinge.
Big oil steps up investments in Indian gas and renewables
Majors, such as BP, Total and Shell, as well as Asian national oil companies (NOCs), are stepping up their investments in India’s rapidly expanding gas and renewables markets.
How investment in renewable power generation will strengthen Caribbean and Latin American economies
Over the last year, labour markets in Latin America and the Caribbean have faced an unprecedented unemployment problem.
London firm developing ‘disruptive’ energy storage and desalination solutions
A London energy firm is aiming to develop “disruptive technologies” to address energy storage challenges after successfully completing a lucrative funding round
Floating offshore wind could be massive in Asia
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
Coal use set to surge in India despite renewables boom
Coal-fired power generation is projected to surge in India as the expanding wave of renewable energy capacity cannot keep up with electrification growth in the South Asian country, home to the world’s second biggest population.
Australia, Japan and Vietnam lead renewable energy shift in Asia Pacific
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
Simec Atlantis successfully installs Scottish built tidal turbine system in Japan
Simec Atlantis Energy (SAE) has successfully installed its Scottish built tidal turbine and generation equipment in Japan.
Greencoat Renewables to buy Finnish wind farm for £52m
London-listed Greencoat Renewables will buy a wind farm in Finland from Abo Wind for £52.5 million.
New Solar Energy Scotland chairman aiming to dismantle development barriers
Solar Energy Scotland has appointed Thomas McMillan, Savills UK head of energy consultancy based in Perth, as its new chairman.
Macquarie raises £1.4bn for renewable energy investments
Global investor Macquarie Infrastructure and Real Assets (MIRA) is eyeing up clean energy opportunities after it completed a mammoth funding round.
China to support Myanmar renewables growth after coup
Myanmar’s transition towards renewable energy sources will face near-term headwinds after the recent military coup. However, analysts are more optimistic over the medium to longer term given the dominance of Chinese companies in the sector.
2021 set to be record for Australia renewables
This year will be busy for Australian renewable energy players with an estimated 5.3 gigawatts of utility PV, wind and battery projects expected to finish commissioning, revealed Rystad Energy.
Oil industry entrepreneur and sons launch fundraising exercise for green battery venture
Serial entrepreneur Mark Patterson is preparing to launch a "major fundraising exercise" for his new mobile green battery business.
IEA sees $1.4 trillion clean energy opportunity in India
India is set for the largest increase in energy demand of any country over the next 20 years. This underscores the potential for policies and investment to accelerate the clean energy transition, the International Energy Agency (IEA) said in a new report.
India courts ExxonMobil with upstream offer
The Indian government is trying to persuade ExxonMobil to take stakes in offshore acreage controlled by state-backed Oil & Natural Gas Corporation (ONGC).
Japanese upstream players accelerate exit plans
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
BP and partner paying £900m for entry into UK offshore wind market
BP has entered the UK offshore wind market with leases for a combined three-gigawatts of projects in the Irish Sea.