The two companies come together to develop floating wind steel semi substructures that aim to accelerate technology development for floating offshore wind, enable cost reductions and develop local value opportunities. The strategic collaboration between Equinor as a leading floating offshore wind developer and Technip Energies as a leading supplier of floating offshore wind substructures, was […]
C-Zero Inc., a clean energy company that has developed a technology for natural gas decarbonization, announced today that it has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Korea’s second-largest conglomerate, the SK Group. SK Gas was joined by two other new investors – Engie New Ventures and […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
