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Transition Energy

ADNOC And Masdar To Invest In BP’s UK Hydrogen Projects

bp has taken a major step forward in strengthening its strategic partnership with ADNOC and Masdar of Abu Dhabi, bringing international participation to its planned blue and green hydrogen developments in Teesside in the north-east of England. ADNOC – the UAE’s largest energy company – will take a 25% stake in the design stage of […]

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Eni-Sonangol JV, Launch First Photovoltaic Project In Angola

Solenova, a joint venture equally owned by Eni and Sonangol for the development of renewable energy projects, has lain the first stone of what will be Angola’s first photovoltaic power plant in Caraculo, in the province of Namibe. The ceremony was attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, the Governor […]

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Chevron And Pertamina Partner On Lower Carbon Opportunities

Chevron Corporation, through its subsidiary Chevron New Ventures Pte. Ltd. (Chevron), and Indonesia’s PT Pertamina (Persero) has announced a partnership to explore potential lower carbon business opportunities in Indonesia. Aimed at serving local and potentially regional customers, Chevron and Pertamina plan to consider novel geothermal technologies; carbon offsets through nature-based solutions; carbon capture, utilization, and […]

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bp Bids For Offshore Wind In The Netherlands, Committed To North Sea Ecology Protection

 bp has announced submission of bids for two offshore wind leases in the Netherlands that together have the potential for generating capacity of 1.4GW. The bids underpin extensive and transformational plans for a series of further integrated clean energy investments by bp in the Netherlands, applying the breadth of its businesses and experience to support […]

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Europe Invested €41bn In New Wind Farms In 2021

WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41bn in new wind farms in 2021. This is financing 25 GW of new capacity, a record. But the investments are falling well short of the 35 GW a year of new wind the […]

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Masdar To Develop 4gw Green Hydrogen Facilities In Egypt

Masdar, the UAE-based developer and operator of utility-scale renewable energy projects, has signed landmark agreements which aim to develop 4GW green hydrogen facilities in Egypt by 2030, according to a statement.  The plants are projected to produce as much as 480,000 tons of green hydrogen per year.  The plants will be located in the Suez Canal […]

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Westa Wins €1.5m Loan For Solar Project In Nigeria

Solar energy provider westa.solar is taking on €1.5 million in mezzanine debt to expand its business in Nigeria. The company, which is very active with commercial and industrial (C&I) customers, obtained its loan from the African and Austrian Investment Fund for SMEs (AAIF). As its business grows remarkably, solar energy provider westa.solar is getting a […]

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India’s Net Zero Commitment A Shift To Steel Industry

India has committed to reducing emissions intensity by 45% by 2030 and has set a target to achieve net zero by 2070. Achieving this goal means Indian industry, which accounts for almost one-fourth of the country’s total GHG emissions, must transition quickly to cleaner power sources. Natural gas, one of India’s preferred future fuels, is stepping […]

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Plenitude Invests In Enerocean’s Floating Wind Technology

Eni’s renewable energy offshoot company Plenitude, has announced that it is to invest in EnerOcean S.L., the Spanish developer of the W2Power technology for floating wind power. The deal is structured as a long-term partnership focused on the deployment of the W2Power technology as a lead contender for floating wind power developments worldwide. With two […]

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NEOM’s $5bn Hydrogen-Based Ammonia Plant Project in Saudi Arabia

At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in Saudi Arabia’s $5bn hydrogen-based ammonia […]

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